Every-time I hear the equivalent someone shouting, "there ought to be law!" I ponder, isn't there already a law?
When was the last time you the term "Knee Jerk Reaction" was commonly used? BP has an oil spill and Barry says "there ought to be a law!" Yet, this was an inspected platform that received high marks.
"Oh you got to understand that the inspectors were all corrupt!" So we learn that government employees are corruptible... So the laws they want to enact will rely upon corruptible government peoples? How stupid is that?
Exactly what responsibility does the Government have, if they approve some oil rig? If you want to get life insurance (and really who doesn't??) There is a process in which they send out a doctor to take gobs of blood and give you a basic checkup. Next they get your medical records and go through them carefully to see how much risk you are at for what reason.
If you fall over dead later that year, they have to pay out and absorb the revenue loss for some time to come. In other words, they have a vested interest in making sure your health is vetted.
Does BP have Oil Spill insurance?
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