Tuesday, June 15, 2010

Live blogging the oil bigs

It never ceases to amaze how much selfish self interest continues to rule the executive ranks. This morning's testimony by the oil industry big wigs screams for a better message. The testimony, which the Times reports on here: http://www.nytimes.com/2010/06/16/business/16oil.html?ref=business, begs for acknowledgement of at least one reality: Whether they like it or not, BP's mess is their mess -- just as it is the government's mess. Executives can wax on all they want about "competitive advantage" and "higher safety standards," but until they wake up and accept this disaster-based reality, then the industry will remain -- pardon the pun -- forever mired in the mud. Is it too much to ask for someone to step up and lead here?

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