I don’t know what caused the explosion and subsequent leak at the BP oil well. I don’t know if it was stupidity, neglegence or bad luck. I don’t know who is at fault and for the moment I don’t care.
I do know that the calls for Obama to get tough with BP and to take charge are political nonsense rhetoric and we have an abundance of that, about 5,000 barrels an hour at last measure.
Seems to me that even if BP was fully to blame in the worst scenario that the Company is smart enough to know that the survival of the organization rests with fixing it ASAP at all cost. The rest of the oil industry knows what is at stake as well.
So, politicians, pundits, and your “advisors,” just shut up, you will get your shot after we stop turning the ocean black.
We’ve already learned one lesson, more regulation is not always the answer. Sometimes regulations are as usless (and one would think redundant) as signs reminding people to wash their hands after using the toilet.
QUINNSCOMMENTARY 
The problem with your position regarding regulation is that effectively there is none, or at least none that was enforced.
The same scenario played out in 1979. Then it was only 200 ft of water, and the same methods they are trying now did not work then, either.
Effective regulation would require any company applying for a undersea drilling permit to provide not just a drilling plan, but a plan of how they will correct a worst case scenario. That plan should include not only guesses, but computer models which can be vetted by competent academicians.
Additionally, at least one, and preferrably two, relief wells should be drilled at the same time as the main well, since that seems to be the only method that is proven to work so far.
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That’s my point, regulations are meaningless unless they are enforcable and enforced.
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