Mr. Hofmeister does a wonderful job at pointing out some simple solutions to cleaning up the oil spill in the Gulf of Mexico. He states that the GCC countries in the middle east have spills of potentially greater risk and are able to clean them up with “super tankers” and other grouping strategies. He also stated that the US has no political will to pursue middle eastern strategies because of the conflicts with Union guarantees. As Hofmeister tells it, there are solutions readily available. A tragic operational story, indeed.
The only problem that I have with the former executives of these huge companies and political regimes is that they can only afford to become “truth tellers” on non-network television well after they’ve had the potential to influence progressive policy and engineering/economic strategies to save lives and land.
Per individualistic philosophies like objectivism, these “leaders” don’t have incentives to actually protect their consumer constituencies or cater to their consuming longevity. They only have the incentive to protect their profit potential (capital) against predatory arbitrageurs speculating on their industry. The lack of engineering effectiveness that global citizens get access to, relative to the solutions that actually exist is a small percentage I’m sure. If we reference these oil spill reduction technologies that only exist in the middle east and divide them by the number of regions that harbor aquatic drilling efforts, we’d yield a number close to 10%…….protectionism stifles our technological potential.