Oil – How much are we prepared to pay?

Oil – How much are we prepared to pay?

Posted on 04. Jul, 2010 by in Nigeria, odd stuff

Is the price we pay for Oil worth it? I’m not just talking the $70-$100 per barrel, but the devastating damage we are doing to our planet.

The Deepwater Horizon disaster in the gulf is an MTV moment…Because it is on the doorstep of the richest country in the world, the worlds media spotlight is on the area. Barack Obama, the American public and Environmental lobbyists are putting pressure on BP quite rightly to foot the bill.

What happens next?

It is a strange truth that, because you see something catastrophic , and you know who is to blame and watch on prime time TV people ‘fixing’ the problem then it is all going to be ok.

We know the Government will put legislation in place and it will never happen again… Will it?

The USA and the world still wants cheap Oil… so drilling in the gulf re-commences. The companies lose the right to drill for oil in the Arctic and other sensitive places. Big Deal… We all know that permission to drill in the Arctic will be given to other companies, who ‘promise’ to be careful.

But what is happening worldwide?

While the Gulf is not producing, other oilfields around the world step up production. The Niger Delta, Africa, supplies 40% of all the crude the United States imports from its 606 oilfields.

The Niger Delta is the world capital of oil pollution, the Deepwater Horizon disaster is not a disaster at all compared to this part of the world, more a minor incident.

Between 9m and 13m barrels of oil have been spilt in the delta area during the past 50 years – that is an Exxon Valdez disaster every 12 months for the past 50 years.

Farming, Fishing, Forests, Water ways and the water supply are all polluted to such an extent that the life expectancy is just over 40 years of age

And what happens next in this part of the world. ..Well nothing yet!

But It looks like it will all change.. .The USA will make BP accountable for its actions… A precedent will be set… Environmental lobbying, with our support, will take place internationally… Other countries will follow suit and make the oil companies pay.

And it’s not just Nigeria and The Gulf, Colombian, Ecuadorian and Peruvian Amazon that have been devastated by spillages. Rivers and wells in Angola, Chad, Equatorial Guinea, Gabon, Sudan, Uganda and Venezuela, have been polluted to such an extent that it has affected people’s health.

Occidental, BP, Chevron, Texaco, Shell and most other major oil companies together face hundreds of outstanding lawsuits, in various parts of the world.

But be prepared if the environmentalists win, the price of oil per barrel will go up, somebody ultimately pays and that is the consumer. On the plus side this should hasten the switch to clean energy.

The alternative, is we don’t support the campaigns to make the Oil companies accountable and we lose more and more of our planet to pollution… Is this a price you are willing to pay?

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