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A Left-Libertarian Solution for BP’s Disaster (Video)

Centrism, “getting the job done”, pragmatism, whatever. I want the right response to the Deepwater Horizon disaster. But, it’s not an ideological target I’m looking for. So, why then, does Byron King try to scare taxpayers with his homily on BP’s sainted role in the American economy?

And for as much as people in the U.S. are thinking this is a British company, this is really an American company as well. Out of 80,000 worldwide employees, over 30,000 are in the U.S. Of the stock market ownership, about 40 percent of BP shares are owned by — by — you know, within the U.S.

And BP is the largest oil producer in Alaska. It is half owner of the Alaska pipeline. It’s the largest oil producer in the Gulf of Mexico. Globally, BP produces over four million barrels of oil equivalent per day, which is about 5 percent of the total global world oil output.


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