A Fine Mess
Posted: Friday, July 20, 2007 6:06 PM by Countdown
A nice study in contrasts today, offered by two wire-service stories that broke within minutes of each other. First, an example of how government can effectively curb corporate excess, protecting our lives in the process. Federal prosecutors won a judgment against Purdue Pharma, for falsely pushing its painkiller, OxyContin, as less addictive than other painkillers. Now, maybe they were just motivated by revenge for Rush, but prosecutors won a $624.5 million dollar fine against Purdue. They'll need a LOT of OxyContin to kill THAT pain.
On the other hand, today, we got an example of the administration's toothless regulatory oversight, and a reminder that Americans die because of it. In a nicely contextual piece by Juan Lozano, the Associated Press reports that OSHA has fined BP Products North America $92,000 for safety violations. Here's the back story:
BP North America owns the Texas City plant that blowed up real good in September, 2005. Fiften people died. More than 170 were injured. OSHA's $21.3 million fine back then had such a great impact... that less than two years later, OSHA has found BPP failed to ensure its fractionator conformed to code. "The hazard cited is that the inadequate pressure relief equipment could fail, leading to another catastrophic incident." In other words, more people could get fractionated.
A $21.3 million fine failed to fix things. But a $92,000 fine ought to. If anyone wants to dig up BPP's annual profits, please post them in our comments section.