A new ABC/Washington Post poll echoes the results of the CBS poll earlier this week – Americans are waking up on offshore drilling: Just a quarter of Americans back expanding offshore drilling in the wake of the BP oil spill, and most fault federal regulators for the environmental disaster in the Gulf of Mexico, according […]
BP’s latest attempt is falling short of all expectations: A cap placed over the gusher was collecting only a fraction of the oil, which had stained beaches with a waxy mess of tar balls and created an unusual orange foam in the surf. Given the continous failures, it has become obvious that plans were never […]
There has been a lot of talk about President Obama needing to get angry over the oil spill. Finally, when reading this post by Greg Sargent, I got really thinking about it. Here’s what Greg said: Sorry Mr. President, your latest display of anger about the Gulf spill, in a new interview with Larry King, […]
Yesterday BP saw a huge decline in it’s value as their stocks lost 15% of their value: As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the company’s market value Tuesday. Some are pointing to the announcement by […]
About damn time: A team of top federal prosecutors and investigators has taken the first steps toward a formal criminal investigation into oil giant BP’s actions before and after the drilling rig disaster off Louisiana. The investigators, who have been quietly gathering evidence in Louisiana over the last three weeks, are focusing on whether BP […]
BP has begun the “top kill” process of pumping drilling mud into the blow out preventer 5,000 feet below the sea. BP is saying this has a 60-70% chance of working, while President Obama is cautioning that there are no guarantees. At this stage of the game, I am not optimistic at all. So much […]
Yesterday another attempt to raise the liability limit on big oil for spills was blocked by the GOP. Now the GOP is trying their own bill: After a third Republican block of a Democratic bill to raise the liability on oil spills, the GOP put forward its own bill on Tuesday afternoon. This one would […]
This one from Reuters really got my blood pressure boiling: US will “push” out BP if spill response falls short The U.S. government will move aside BP (BP.L) from the operation to try to halt the Gulf of Mexico oil spill if it decides the company is not performing as required in its response to […]
Now that the oil is reaching the Louisiana marshes and wetlands, we are getting more heart wrenching video of the mess caused by BP With less than two weeks to go before the start of hurricane season, we are seeing New Orleans main protection buffer from the fierce storms being destroyed before our very eyes. […]
From the article I posted early about oil entering the marshes comes this very troublesome tidbit: When CBS News tried to reach the beach, covered in oil, a boat of BP contractors with two Coast Guard officers on board told us to turn around under threat of arrest. Coast Guard officials said they are looking […]