For just a few moments…
Let’s assume that oil is now spewing into the Gulf of Mexico at a much higher rate than BP originally suggested (some are now speculating it’s the equivalent of an Exxon Valdez spill every 3 or 4 days). Let’s also assume that the oil giants know exactly how much oil they’re sitting on, and that it is a hell of a lot more than they’ve ever admitted (BP has refused to reveal their estimates of the reserves under the blown well). Let’s assume that the current high prices and most of the petroleum “shortages” and wild price-swings (although never as low as the prices of the 1950s and 1960s) of the last 40 years were the result of induced hysteria and market manipulation and a concerted effort to hide the actual reserves of the black stuff…
Would BP be acting any differently than they have these last few weeks?