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BP Making Steady Progress on Latest Oil Cap Effort
By not in system - AOL NewsNEW ORLEANS (July 12) -- BP underwater robots steadily assembled heavy metal pieces in what could be the most significant progress yet toward containing the gushing Gulf of Mexico oil well, watched warily by residents onshore. The oil giant was ahead of schedule as it went into the 83rd day of the environmental and economic disaster Monday. Across the Gulf region, repeated failures to fix the disaster have taken their toll, breeding skepticism among fishermen and politicians alike. "At this point, there have been so many ups and downs, disappointments, that everybody down here is like, ...
Obama's Offshore Drilling Moratorium Blocked By Federal Judge
By Carl Franzen - Politics DailyPresident Obama's six-month moratorium on deepwater offshore drilling was legally blocked today by New Orleans Federal District Court Judge Martin Feldman, various outlets report. The decision came earlier than expected, as Feldman promised a ruling by Wednesday. It comes less than a month into the moratorium's proposed duration. Operations at 33 wells in the gulf had been suspended since May as a result. The decision is a victory for plaintiffs Hornbeck Offshore Services, LLC and a host of other industry transportation and offshore companies that filed the legal complaint against the U.S. ...
Tyrone Benton: We Told BP About Faulty Safety Part
By David Knowles - Politics DailyIn an interview with the BBC, a BP employee leveled an explosive claim Monday: that he and other Deepwater Horizon rig workers discovered a leak in the well's blowout preventer weeks before the fateful accident that sank the platform, killing 11 and causing oil to begin leaking into the gulf in the worst environmental disaster in U.S. history. Stationed on the Deepwater Horizon rig as a subcontractor before it exploded on April 20, Tyrone Benton is suing BP for negligence, in part because he believes the company did not properly respond when it learned that the blowout preventer was leaking. ...
Could Gulf Oil Leak Lead to Methane-Bubble Tsunami? BP Responds
By Carl Franzen - Politics DailyIt's not just the crude that is causing problems in the gulf oil spill: Another petroleum byproduct, natural gas, is reported to be leaking in much greater concentrations than previously thought. And not only could the gas be suffocating sea life, but a new analysis warns that a giant, 1,000-year-old methane bubble could soon explode, taking out miles and miles of the ocean floor and causing a violent oil spill tsunami that would threaten the entire gulf coastline. How credible is this new threat? Surge Desk breaks it down: The Trouble Methane Has Already Caused Natural gas, primarily ...
Offshore Drilling Moratorium: Your 4 Biggest Questions Answered
By Joseph Schuman - Politics DailyTo the Obama administration -- which ordered a moratorium on deepwater oil drilling after the catastrophic gulf oil spill -- the immediate suspension of operations was "needed, appropriate and prudent" to protect American lives and the environment. To many within the industry, however, the moratorium is arbitrary government interference in the private sector that could wipe out thousands of jobs and millions of dollars of income, compounding the already terrible economic effects that resulted from the spill. In either case, it is clear the drilling moratorium will have a profound impact on ...
'Devastated' BP CEO to Testify on Capitol Hill
By not in system - AOL NewsWASHINGTON (June 17) -- A day after agreeing to a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, BP's chief executive expects to tell Congress that he was "personally devastated" by the explosion of the Deepwater Horizon oil rig and understands the anger that Americans feel toward him and his company. CEO Tony Hayward's contrition isn't likely to soften his landing on Capitol Hill, where lawmakers are sharpening their knives - preparing to channel constituent anger over the worst environmental disaster in the nation's history - during a hearing that ...
Oil Sends Wildlife Searching for Cleaner Shores
By not in system - AOL NewsGULF SHORES, Ala. (June 16) -- Dolphins and sharks are showing up in surprisingly shallow water just off the Florida coast. Mullets, crabs, rays and small fish congregate by the thousands off an Alabama pier. Birds covered in oil are crawling deep into marshes, never to be seen again. Marine scientists studying the effects of the BP disaster are seeing some strange phenomena. Fish and other wildlife seem to be fleeing the oil out in the Gulf and clustering in cleaner waters along the coast in a trend that some researchers see as a potentially troubling sign. The animals' presence close to ...
Liberals Unhappy with Obama's Speech
By Paul Wachter - Politics DailyIt was predictable that Republicans would be critical (albeit in a semi-literate manner) of President Barack Obama's speech to the nation on Wednesday evening about his administration's efforts to combat the Gulf of Mexico oil spill. But liberals, too, were underwhelmed. Here's a selection of reactions from the left: Mother Jones's Kevin Drum: "What a terrible speech. ... This speech felt entirely by-the-numbers to me. He told us about the spill. He told us the best minds in the country were working on it. He told us BP would pay for it. He told us he was setting up some commissions. He said ...
Updated Gulf Oil Flow Estimate Is Much Worse: 60,000 Barrels Daily
By Carl Franzen - Politics DailyJust before Obama was scheduled to address the nation on the BP oil spill on Tuesday night, the scientific team charged with measuring the daily oil flow rate in the Gulf of Mexico released their latest estimate and it isn't pretty: "Between 35,000 and 60,000 barrels a day" (1.47 million and 2.5 million U.S. gallons), according to the Flow Rate Technical Group. That's one and a half-times greater than the previous estimate of 20,000 to 40,000 barrels made less than a week ago (on June 10). It is a staggering seven-and-a-half times greater than the earliest, "worst case scenario" estimate of ...
BP 'Can't Commit' to Escrow, Looks to Big Banks to Prep $7.4B 'War Chest'
By Carl Franzen - Politics DailyHaving already spent an estimated $1.6 billion dollars attempting to deal with the ongoing oil spill crisis in the Gulf of Mexico, BP is now looking to HSBC and other global banking giants for the funds necessary to fill a $7.4 billion "war chest," according to Sky News. The chest is reportedly being created to help BP pay off the oncoming onslaught of compensation claims. At the same time, BP America CEO Lamar McKay today refused to commit to placing company money into an independently administered escrow account precisely to handle compensation claims, which Democratic Senators think ...
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