Your reference frame is myopic -we are discussing world economics... In an isolated economy your logic might be valid; however, we compete with the world -we compete with slave & child labor -poverty wage AND other industries unencmbumered by extreme whacko environmental 'value added' government requirements that subtract from the bottom line. The pie in the sky ideology that premises your arguments is more worldly tree hugger than national republican...
In case no one's told you, ours is the richest economy in the world. But you are saying that in order for us to compete, the federal government should spend billions of our tax dollars (never mind we're fighting a global war with no end in sight that already has us deep into red ink) to bail out any potential liabilities that befall the oil industry? That's your position?