Free Enterprise Crashes the Oil Cleanup Party
From The Heritage Foundation:
Solving the problem of cleaning up the waters in the Gulf of Mexico may depend not on government, nor on the corporate giant BP, but on innovation and commitment to free enterprise. One promising and persistent example is Mr. Nobu Su of Taiwan, CEO of TMT Corporation.
Thursday morning he is to meet with Coast Guard officials in New Orleans to outline this weekend’s trial run of the A Whale, the huge tanker/oil skimmer which Su has brought to America. He says the ship is the long-needed “big answer to a big problem.”
Although he was dismissed when he originally shared his concept with BP and U.S. officials after the Deepwater Horizon explosion, Su forged ahead and spent millions to add intake valves on the bow of the 1,115-foot, 10-story tall ship. These allow it to gather 500,000 barrels daily of spilled oil and water—250 times the capacity of the other ships now engaged in the cleanup.
Read the rest at The Heritage Foundation.