Now, everyone knows where Limbaugh gets his material, from top experts, government policy under Republicans, otherwise known as "Guaranteed Profits at Taxpayer Expense."
Related News : Energy Industry · Energy Markets.
BP's Gulf Oil Spill Response Based on Outdated Government Model, WSJ Says
By Vivek Shankar - Jun 23, 2010
BP Plc and other oil companies were required to base their approach to a potential spill in the Gulf of Mexico on U.S. government guidelines that were last updated in 2004, the Wall Street Journal reported.
The faulty government models expected oil to evaporate quickly or get broken up by waves or weather, the newspaper said. They also didn’t expect oil to reach the shoreline even in after much bigger spill than the current one, the Journal said.
Oil has hit 171 miles of coastline in the Gulf since the Deepwater Horizon accident on April 20, the Journal said.
http://www.bloomberg.com/news/2010-06-24/bp-s-gulf-oil-spill-response-based-on-outdated-government-model-wsj-says.html
Top Hat, Top Kill, Top Exec and now Top Robot
...In a major setback for the cleanup effort, a robot submarine bumped into the broken well, forcing the removal of the containment cap that was siphoning some of the oil....
http://www.nydailynews.com/news/national/2010/06/23/2010-06-23_bp_comes_under_attack_from_all_sides_for_spill_after_containment_cap_breaks_thre.html
Why the $20 billion BP escrow account for the country? Because when investors finish suing the lousy company there won't be anything left. Not even the robot. President Obama will have at least secured some recovery funds for the 'small people.'
State to sue BP over investments (click title to entry - thank you)
Comptroller says state pension fund was misled about BP's drilling safety
By RICK KARLIN, Capitol bureau
First published in print: Thursday, June 24, 2010
ALBANY -- State Comptroller Tom DiNapoli on Wednesday said he was suing BP in the wake of the massive oil leak in the Gulf of Mexico, and would seek to make New York the lead plaintiff in a class action suit against the British petroleum giant....
The SPILL GIANTS become a team, all we need is a third partner in Exxon and the set will be complete.
BP And Chevron To Partner Over China Block
Muazzin Mehrban, June 2010
(24 June 2010)
Disgraced energy giant British Petroleum (BP) and its US rival Chevron Corp are set to put in a joint offer for an exploration block in the South China Sea. Reuters reports that the move is a clear signal that refiners are still willing to partner BP in deep water projects despite its failure to halt the oil leak in the Gulf of Mexico.
Under the agreement, Chevron would have a 60 percent stake in block and act as operator, while BP will hold the remaining interest. According to Chinese sources, CNOOC, a subsidiary of China National Offshore Oil Corp, has the right to a 51 percent share in the block should the companies make a commercial oil or natural gas discovery....
http://www.financierworldwide.com/article.php?id=6953
How convenient, let's isolate 'the problem' as BPs issue while everyone is up in arms at them as if it never, ever happened before! What genius, huh?
A CEO from a petroleum industry company is awaiting the report to the cause of the BP disaster, BUT, a Louisiana judge that lifted the moratorium, in all his wisdom, already knows!
This is NOT an isolated incident, everyone already knows that, it is NOT just a BP issue, the oil and GAS industry have been setting fire to rigs and causing explosions for decades, it has just NEVER hit the USA before.
In previous years, the petroleum industry never had to 'negotiate' with the natives, they simply slaughtered them.
Partner in well awaits 'root causes'
Anadarko chief says future work with BP open to question
By BRETT CLANTON Copyright 2010 Houston Chronicle
June 23, 2010, 10:27PM
It's too early to know if the Deepwater Horizon rig explosion was an isolated incident or symptomatic of broader safety problems at BP, "but it's clear we're paying a lot more attention to that issue," said the CEO of Anadarko Petroleum Corp., a minority partner in the doomed well.
If investigations point to the latter, Anadarko would need to evaluate whether it would again partner with the British oil giant.
"I think as we find out more about the root causes, we'll have to make a determination on that," James Hackett, CEO of The Woodlands-based Anadarko, said in an interview Wednesday. "We're definitely going to be cautious with regard to any operator we believe is not using best practices."
The remarks come after Anadarko on Friday accused BP of being reckless in drilling the deep-water Macondo well that blew out on April 20. Anadarko, with a 25 percent stake in the well, said Friday BP's actions "likely represent gross negligence or willful misconduct." As such, the company argues it should not have to pay a share of cleanup costs and other spill-related liabilities.
BP, however, said in a statement last week it strongly disagrees with Anadarko's position and expects well partners Anadarko and Japan's Mitsui Oil Exploration Co., with a 10 percent stake, to ante up....
http://www.chron.com/disp/story.mpl/business/energy/7077220.html
...Rig worker claims BOP problems flagged up 'weeks before blowout'
BP's oil collection system at the blown-out Macondo well had to be taken offline temporarily due to lightning in the area, dropping its take to about 23,290 barrels in the last 24 hours from more than 25,000 barrels per day, the head of the US response effort said Monday....
http://www.upstreamonline.com/live/article218301.ece;.upstream.dinar
