Tag Archives: Oil

Judge overturns drilling moratorium

On Monday I wrote that oil companies were trying to overturn Obama’s moratorium on drilling wells deeper than 500 feet. Well, so far they’ve won: A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Drilling services shares jumped on […]

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 […]

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 […]

What Obama should have said in Egypt

Good afternoon. Assalaamu alaykum. I’m going to keep this short and simple, because I need to get back to fixing America’s health care system and designing the next Corvette. So let me start off by saying We’re Sorry. Invading Iraq was a mistake. Instead of making the region safer or spreading democracy, all we’ve done […]

Past is prologue

I’ve written before about how failed Democratic presidential candidate John Kerry was right about the nature of the threat of terrorism. Today, I’m going to up the ante and pronounce that failed Democratic President Jimmy Carter was right about the rot afflicting the foundation of America. Below is Jimmy Carter’s entire “Crisis of Confidence” speech […]

We deserve offshore drilling

Relaxing regulations on offshore drilling has become a major part of McCain’s campaign message. Two days ago he visited an offshore rig to prove his sincerity (last time he tried to visit, he had to cancel because of an oil spill, no joke). McCain says that offshore drilling now will help end our dependency on […]