The Gulf of Mexico disaster has many faces. BP's incompetence is one. But there is also the failure of legislative oversight. What until recently was praised as an economic stimulus policy is now being criticised as "collusion with scoundrels". The BP boss, Tony Hayward, dons sackcloth and ashes and speaks of an "unprecedented series of mishaps". At a hearing in the US House of Representatives, a Democrat congressman confronted him with the list of BP accidents and revealed another truth: there are still hundreds, indeed thousands of oil platforms in this region alone, but also throughout the world, for which the other oil majors are responsible. To beat up on BP alone is shabby. Deepwater Horizon is the symbol of the demise of a global experiment: a model of progress and development based on exploiting fossil fuels.
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