publicly criticizing BP Tuesday night for the way they've handled the
oil spill in the Gulf of Mexico, President Barack Obama is meeting
with BP executives today at the White House to demand that
they pay for the damages the leak has caused.
spoke from the Oval Office last night calling this spill "the worst
environmental disaster America has ever faced" and
plans to tell BP Chairman Henric Svanberg to "set aside whatever
resources are required to compensate the workers and business owners
who have been harmed as a result of his company's recklessness."
in addition to the Oval Office speech and today's forthcoming meeting
with BP leaders, took a two-day trip to the Gulf of Mexico this week
to once again assess the damage done by this massive spill. The
president has decided that he wants BP to create
a fund that will pay the billions of dollars needed to clean
up the Gulf.
fund will not be controlled by BP," said Obama. "In order
to ensure that all legitimate claims are paid out in a fair and
timely manner, the account must and will be administered by an
independent, third party."
on a $4,300 per barrel fine and tens of thousands of barrels spilling
each day, estimates show that BP owes up to $9 billion in fines
for the oil leak, and these numbers are rising. Also, BP may be
losing out on a $7 billion deal with Devon Energy in an attempt to
buy Brazilian assets and may continue losing government contracts as
expanded production becomes "tougher to achieve as it draws more
scrutiny from regulators for new projects."
Siphoning operations had to stop temporarily due to
strike, so the drill ship Discoverer Enterprise isn't helping
BP's situation either. Before the delay, these drill ships were
collecting 15,000 barrels of oil a day. To make matters worse, shares
in BP have lost close to half their value since the spill started two
executives said they were actually looking forward to their meeting
with the president today saying, "We share the
president's goal of shutting off the well as quickly as possible,
cleaning up the oil and mitigating the impact."
amount of crude oil spilling
from the well, according to scientists, has increased by 50
percent and is leaking between a range of 35,000 to 60,000 barrels
per day. The oil has spread to and ruined 120 miles of U.S. coast
killing wildlife and seriously crippling the tourist/fishing
White House official said, "The president has authority under
existing law to assure that the legal obligations of the responsible
party have been satisfied. We are satisfied that the president can
use this authority to accomplish the purposes served by an escrow
fund and independent claims payment procedure."
quote: At the end of the day, what he accomplishes is getting money to the affected residents in a timely fashion (historically speaking), which counts for a lot.
quote: it's just a giant federal slush fund that isn't going to it's intended purpose.
quote: The president has authority under existing law to assure that the legal obligations of the responsible party have been satisfied
quote: Just because we are not affected by such a disaster, doesn't mean we should let an American company like Chevron get away with this.
quote: he had zero experience or qualifications.
quote: You act like there is anyone or anything on the planet that can stop this leak.
quote: Getting angry doesnt clean up oil. Policy, speaches, appearances, politics, none of it stops the leak.
quote: There isnt anything any prez could do other than manage the media circus that seems to thik a prez can do something.
quote: The Jones Act for those who don't know is a Union protectionist act from the 20s. The dredgers in the US are operated by Union members and we don't have enough of them to create the required sand bars.
quote: The fact that it hasn't been capped yet leads me to believe that the U.S. government doesn't know **** about this kind of stuff
quote: The President shouldn't be out capping the well. What he should have done is made it his priority (no vacations, not Paul McCartney parties) to get every available resource and MANAGE the process. I don't have to be able to physically build every phase of a home to be a builder. I just have to be able to coordinate the project and make sure it is done correctly.
quote: I suppose we should get our news from an unbiased source such as FOXNEWS?
quote: or some other right wing source
quote: leads me to believe that the U.S. government doesn't know **** about this kind of stuff
quote: The fact that it hasn't been capped yet leads me to believe that the U.S. government doesn't know **** about this kind of stuff -- so it'd be kind of interesting to know what the government could actually do here...
quote: However, I don't really know how much he can do to solve the problem himself though which leads me to...
quote: It's obvious to me that, just from the way he talks, Obama believes he knows more about any given thing that anyone else on the planet. He's quick to judge things he doesn't know about (like saying those cops "acted stupidly"), quick to second guess someone without all the facts, and can expertly both take responsibility while simultaneously shrugging all accountability.
quote: Wow, you can get all of that just from the way he talks? Impressive.
quote: Why not go after the (American) company that actually owns the well?
quote: Equally if it's so important that a company pays for it's mistakes how come an American company has avoided paying properly for the death of 25000 Indians and the exposure of 1/2 million?
quote: Obama is stepping in here, leveraging the softer skill-set he has (face it, if BP wanted to, they could tie this up in court, but Obama has managed to get them into a corner where it's in their best interest to cooperate
quote: Meanwhile, I'm not so sure if Exxon et al. are being looked at carefully enough...
quote: Don't worry, we will forget about all of this in 10 years and history will repeat with more political flip-flopping to ensure.
quote: This is scaring me. You're actually OK with this happening AGAIN??!
quote: Say what you will, some degree of regulation is necessary, or all hell breaks loose. Pure free market is a positive feedback system that rails in an extreme or another. Stability requires some level of control, checks & balances etc.
quote: Attention has focused on the cementing procedure and the blowout preventer, which failed to fully engage. A number of significant problems have been identified with the blowout preventer: There was a leak in the hydraulic system that provides power to the shear rams. The underwater control panel had been disconnected from the bore ram, and instead connected to a test hydraulic ram. The blowout preventer schematic drawings, provided by Transocean to BP, do not correspond to the structure that is on the ocean bottom. The shear rams are not designed to function on the joints where the drill pipes are screwed together or on tools that are passed through the blowout preventer during well construction. The explosion may have severed the communication line between the rig and the sub-surface blowout preventer control unit such that the blowout preventer would have never received the instruction to engage. Before the backup dead man's switch could engage, communications, power and hydraulic lines must all be severed, but it is possible hydraulic lines were intact after the explosion. Of the two control pods for the deadman switch, the one that has been inspected so far had a dead battery.Just hours before the explosion, a BP representative overruled Transocean employees and insisted on displacing protective drilling mud with seawater. One of the BP representatives on the board responsible for making the final decision, Robert Kaluza, refused to testify on the Fifth Amendment grounds that he might incriminate himself; Donald Vidrine, another BP representative, cited medical reasons for his inability to testify, as did James Mansfield, Transocean's assistant marine engineer on board
quote: It's regulated out the ass already! Were regulations supposed to stop accidents from happening? Well oops, so much for that.
quote: quote: Don't worry, we will forget about all of this in 10 years and history will repeat with more political flip-flopping to ensure. This is scaring me. You're actually OK with this happening AGAIN??!
quote: Worst President ever.
quote: No, sorry, that was George W. Bush.
quote: If you think mercury was a problem with fish now, wait until all these dispersants get ingested throughout all the marine life in the Atlantic.
quote: A rolling “dead zone” off the Gulf of Mexico is killing sea life and destroying livelihoods. Recent estimates put the blob at nearly the size of New Jersey. Alas, I’m not talking about the Deepwater Horizon oil spill. As terrible as that catastrophe is, such accidents have occurred in U.S. waters only about once every 40 years (and globally about once every 20 years). I’m talking about the dead zone largely caused by fertilizer runoff from American farms along the Mississippi and Atchafalaya river basins. Such pollutants cause huge algae plumes that result in oxygen starvation in the Gulf’s richest waters, near the delta.
quote: Also, clue me in please as to what BP stands for if British Petroleum is incorrect? Don't say Beyond Petroleum, it'll make you sound like an advertiser's mouthpiece.
quote: but i do not understand why your government doesn't fix the leak itself