Second, while human error no doubt played a role in the disaster, there is no evidence that BP was "reckless." As I noted yesterday, BP's market capitalization has declined by around 50 percent--$100 billion--as a result of the spill. By any rational measure, BP has been harmed more by the spill than anyone else, even Barack Obama. It serves no purpose to launch unsupported accusations of recklessness. One might say, on the contrary, that it is reckless to do so.
So, to be clear:
*BP is a big company run by good capitalists who act in terms of their corporate rational self-interest.
*The spill harmed BP more than anyone else, even Barack Obama, or that unfortunate oil-covered pelican. (Oilican?)
*Therefore, BP's careful attention to their rational self-interest would require them to avoid major oil spills.
*Therefore, thanks to BP's rationality and total lack of recklessness, there was no major oil spi... wait a second.
*Oh, who cares, the REAL reckless one here is Barack Obama! Ha!
Seriously, if BP had such a major incentive to avoid the spill - which, clearly, they did - how could it have happened if they weren't somehow reckless? Does Hinderaker actually think about what he writes? Is it all just setup for the I-know-you-are-but-what-am-I potshot at Obama at the very end? But there's not much reason to expect anything different, I guess; Hinderaker provides a service, and that service is churning out post after post of conservative boilerplate, regardless of whether any given paragraph actually makes sense.
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