Tag Archives: BP

A penny saved…

BP cut some corners when they drilled the well that exploded and subsequently began leaking dangerous amounts of oil into the Gulf of Mexico. How much money did they save by cutting corners? BP hasn’t released the exact numbers, but according to the Houston Chronicle’s estimates it was approximately $5 million. Something tells me it […]

Drill now, safety later

After Obama realized the BP spill was an unmitigated disaster rather than a tiny hiccup in an otherwise smooth operation, he ordered a halt to drilling all new wells deeper than 500 feet. He wanted time to asses the danger posed by new wells and our ability to respond to future mishaps. Unsurprisingly, oil companies […]

Obama’s BP spill speech

(Read the transcript here) I don’t want to spend too much time criticizing and nitpicking the President’s speech last night. After all, no amount of speeches will stop the oil leak or clean up the ocean and the coastlines. Obama did, however, miss an opportunity to move beyond generic campaign rhetoric about the American spirit […]

Good job Ian

You called it: New Estimates Double Rate of Oil That Flowed Into Gulf “A government panel on Thursday essentially doubled its estimate of how much oil has been spewing from the out-of-control BP well, with the new calculation suggesting that an amount equivalent to the Exxon Valdez disaster could be flowing into the Gulf of […]

Roundup for Friday 6/4/10

It now seems likely that the Israelis shot at the passengers on the Turkish boat before dropping their commandos onto the deck. At least they kept Hamas from getting their hands on dangerous… medical supplies? Also, in their attack the Israelis killed an American citizen. But don’t worry , that won’t stop American politicians from […]

Why the American people will end up paying for the BP spill

Oil companies currently benefit from a dream law that limits their liability in accidents to $75 million. That’s right. $75 million. BP could kill all the fish in the Gulf of Mexico and they would only be liable for $75 million. Isn’t that just f**king outrageous? Last year BP struggled to make $14 billion in […]

What BP should pledge to do

The BBC is reporting that BP is pledging $500 million to study the effects of their oil that is still spilling into the Gulf of Mexico. I guess they should be doing this study, but now’s probably not the time to announce it. Right now it looks like nothing more than a PR stunt. Instead […]

Nothing to see here…

… if there was, we’d show you. Mmmmmkay? When CBS tried to film a beach with heavy oil on the shore in South Pass, Louisiana, a boat of BP contractors, and two Coast Guard officers, told them to turn around, or be arrested. “This is BP’s rules, it’s not ours,” someone aboard the boat said. […]

Profiles in oil corruption

Remember how Republicans were opposed to financial regulation because they were sucking money in from big banks? Recession be damned, Republicans were willing to stand with their natural political allies. Well, that same story is playing out again, but this time it’s the teat of Big Oil Republicans can’t quit even in the face of […]