Tuesday, May 18, 2010

Round II: Big Oil's Best Buddies Block Bailout Prevention Bill

Big Oil is exceptionally well-represented in Congress these days.

Last week, Sen. Lisa Murkowski (R-Big Oil) blocked the Big Oil Bailout Prevention Act, which raises the liability cap on BP Inc. and will make sure that the giant oil company -- and not taxpayers -- foots the bill for the massive Gulf of Mexico oil spill disaster.

Today, it was her colleague from Big Oil James Inhofe's turn at the plate. In the video below, you'll see Sen. Bob Menendez of New Jersey again ask for unanimous consent to proceed on the Big Oil Bailout Prevention Act. Then you'll see Inhofe object, arguing with some super-duper logic that shielding BP from having to pay for its mess would actually HELP major oil companies like BP at the expense of "independent" oil companies.

Here's what Firedoglake had to say about Inhofe's um... interesting... argument:
Once again, we see the protection of “Little Oil,” as if there are mom-and-pop offshore drilling concerns who go out into the Gulf with a screwdriver and a bucket and fish for oil.
Lisa Murkowski and James Inhofe: Protecting Little Oil from the Big, Bad American Taxpayer since 1994.

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