A Senate committee on Wednesday voted to eliminate limits on liability that oil companies would face for damages stemming from offshore spills like the one in the Gulf of Mexico. The President signaled his support for higher or no caps on liability for oil companies earlier this month. While it may seem like this is just another meaningless vote, a closer examination reveals a huge paradigm shift under way, and it would be wise for voters to pay attention.
The evidence is in: Halliburton, Dick Cheney, secret energy task force meetings and massive Republican deregulation has once again led to tragedy. The April 20, 2010. Gulf oils spill is yet another story of careless, reckless deregulation and corruption under the Bush administration which has led to loss of life, destruction of wildlife and the environment, loss of income, and more. The full impact of the oil sill is still unknown.