May 9, 2010

Fox News ignores regulator lobbying by Big Oil

From McClatchy: Since the BP oil leak began on April 20, the Federal government has granted 22 waivers to oil companies allowing them to avoid doing environmental impact studies on their further drilling plans in the Mexican Gulf.

The Department of the Interior’s “Minerals Management Service” has a history of ignoring environmental law. In Congress you have the phenomenon of “legislative capture,” where the corporations get to write the legislation affecting them because they give money to the legislators’ campaigns. But there is also such a thing as “administrative capture,” which is more indirect but has a similar set of motives. Sometimes government regulators actually come out of the corporations they oversee. Or government employees leave the government for lucrative corporate employment and keep their old circle of friends inside. The military-industrial complex and Pentagon contracting depend heavily on such networks.

What is the consequence? American citizens pay for the Oil cleanup. Fishermen
and Tourist Industry lose their livelyhoods. And foreign oil companies
still make huge profits of the natural resources of America.

Fox News will never mention the above. They are no better than
the Soviet Union's Pravda news agency. Protecting the rich and elite
by distracting us with 'pointless' talking points.

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