Barton Calls BP Escrow Fund 'Shakedown'; Hayward 'Devastated' by Spill

I'm going to commit the faux pas of stating the obvious. The "complacency" of BP is not quite as astonishing as the complacency of the Fed Gov't. After all, this is America, not England, and wouldn't we just naturally look to our own Fed Gov't, who has jurisdiction over the Gulf Coast drilling, to "hop to it" just a little faster than BP, since it is the wellbeing of the American citizens and our environment being pummeled, while BP would have a tendency to watch their bottom line first? Not excusing BP, by any means, but finding it difficult to understand the actions of the Fed Gov't.

My take on all this is while watching our politicians attack amd accuse that I wish they would voluntarily stand before us and answer our questions as to why they are doing the things they are. How many questions would they answer truefully. Mostly they talk around by and through. It doesn't matter what we say we want or don't want. They were like a bunch of vultures and accomplished nothing which is nothing new for the Washington crowd.

This is political theater indeed. Every important issue has already been decided. BP had to pay from the start, if not their assets would have been seized and they would never have been able to do business again in the U.S. (or anywhere else for that matter). So the U.S. congress got to roast the CEO, big deal.
What really matters is how we move forward. There will be new legislation, that is what is really important.

What BP will not reveal, nor the Federal government, is that this leak will continue for years, not months. It could be ten years of continuous flow of crude into the Gulf and that is going to make the entire region a dead zone, an economic and environmental catastrophe.

We will get the flowered version from BP and President Obama who is doing damage control, not on the Gulf, but on his image. And then we will get the hysterical verson from the political left and the crazy environmental people. Its why we are so harmed by the worthless US media, the people cannot get a true story, we only get slants, bytes and images but nothing to tell us what is happening for sure. Don't think so? Well how many times has anyone asked the President about granting the largest number of offshore drilling permits in history, and in areas never drilled before. On one hand it could be rationalized by the energy crunch on the other hand it does not fit with a President who promised 77 times that he would not do it while he was wooing votes. So the presss just does not mentioned that incredible conduct in the face of this disaster. Why not? The US press is so prostituted that they are worthless to a nation needing information.

Occidental's profit nearly triples; BP's more than doubles
Exxon Mobil and Royal Dutch Shell also report higher first-quarter earnings than in 2009. British Petroleum's earnings report draws ire as the Gulf of Mexico oil spill grows.
April 30, 2010|By Ronald D. White, Los Angeles TimesHigher crude prices are again pumping up profits of major oil companies worldwide.

Occidental Petroleum Corp. nearly tripled its net income compared with a year earlier, with $1.1 billion, or $1.32 a share, in the first quarter of 2010, the Westwood company said Thursday. The announcement came during a week in which most of the giants of oil and gas reported sharp increases in quarterly earnings.


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Exxon Mobil Corp., the world's biggest integrated oil company, reported a 38% gain in first-quarter net earnings, with $6.3 billion, or $1.33 a share. Royal Dutch Shell's net income grew 57% to $5.48 billion. But it was London-based BP, with quarterly profits that rose to $6.1 billion from $2.6 billion a year earlier, that was the lightning rod for ire over huge earnings in the midst of a deadly and growing disaster.

Eleven workers were missing and presumed dead after a BP oil platform built by Transocean Ltd. exploded and sank last week in the Gulf of Mexico. A resulting oil spill five times as large as BP originally suspected was classified as an incident of national significance Thursday by Homeland Security Secretary Janet Napolitano.

Tyson Slocum, director of Public Citizen's Energy Program, called it an example of what happens "when you let the oil industry run things on the cheap."

"The issue with BP is that they were failing to reinvest adequate money into energy infrastructure assets and employee safety measures. They claim the cost is too high," Slocum said. "They're posting huge profits. There's no excuse."

HELLO EVERYBODY ? $20 BILLION IS ONLY FOR DAMMAGES OF 60 DAYS THAT BP'S MADE.
THE ESCROW SHOULD HAVE AN AMENDMENT THAT: IF BP CONTINUED ANOTHER 60 DAYS WITHOUT
ANY PROGRESS TO STOP THE OIL FLOW AND BLOCKED THE HOLE . THEN ANOTHER $20 BILLION
SHOULD BE PUT IN THE ESCROW.
WHY EVERYBODY IS TALKING ABOUT THE APPOLOGIES ETCS....
WE ALL KNOW THAT BP THINKS THAT'S IT. AND I HAVE NO DOUBT THAT THE NEW 2 HOLES
ARE VERY DANGEROUS IF BP IS DOING IT . IT MAY HARM OUR PLANET.
BP SHOULD SIGN A CONTRACT WITH SOME AMERICAN OIL DRILLING EXPERTS AND PAY THEM TO
DO THE CORRECT JOB.
I ADMIRE THE US ADMINISTRATION FOR THEIRE ACCOMPLISHMENT ON $20 BILLION.
REMEMBER BP IS NOT QUALIFIED AND WE ALL KNOW. SO SOME ONE SHOULD SEND THE MESSAGE
TO THE WHITE HOUSE , BECAUSE BP IS GOING TO DO THE SAME MESS AND THEN OUR COUNTRY
SHOULD DO THE REST OF THE JOBE FREE FOR BP.
U.S ADMINISTRATION SHOULD NOT GIVE BP A RELEASE FOR $20 BILLION AND KEEP THEM ON
THE HOOK AND RESPONSIBLE FOR ANY FUTURE WRONG DOINGS.
GOD BLESS AMERICA, GOD HAVE MERCY ON AMERICAN NATION AND KEEP THEM SAFE FROM BP.
CONCERNED AMERICAN

The $20 Billion won't even scratch the surface. The chemical dispersant being used to break up the oil looks like food to the fish. The fish eat the dispersant then we eat the fish. The long term health care consequences of this man made disaster is immeasurable. Get ready for the United States version of the DEAD SEA.

It bothers me that our senators do not know how a major corporation is run by asking the BP CEO specific questions about the problems on the blown out oil well. Of course he doesn't make the day to day decisions nor would he know about every problem large or small on each and every BP well being drilled. If they want to know the truth about what happened ask the men that were on the well and the employees off-site making the decisions. I am sure in the end we will find it was American engineers and oil workers who were involved in this accident as well as the British. Our senators getting snarky with the CEO doesn't solve anything and wouldn't their time be better spent on how to clean up the spill and prevent it from happening again rather than grandstanding for their constituents? It was a terrible "accident" so we learn, correct things and go on with life.

i blame the government equally as i do bp. the government has the finally say and inspections. just like building a house. you can not proceed to the next level without a proper inspection and a certificate showing the work meets guidelines and building codes. so the mms is just as respondsible as bp. and the people in mms work for the current people in charge (rep and democrate) and the current leadership. we need to stop letting government put their family, friends and money donors in these positions. we as a country should have the best in these positions, someone who has done the back-breaking work and worked their way up the ladder and understands job/work details. thats the problem with this country. you have people managing and controlling things that have never done the work, just a degree or a important family member who got them the job.