Gulf of Mexico oil spill
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‘Reasonably high’ chance BP files for bankruptcy
Bankruptcy expert Peter S. KaufmanPhoto: Gordian GroupThere is a reasonably high chance that BP could file for Chapter 11 bankruptcy in the next few years, or even months, and the result would be an “absolute horror” for the government, according to a bankruptcy expert. Peter S. Kaufman, the President of investment bank Gordian Group and […]
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Gulf oil spill: A timeline of the estimates
The image says it all, I think: As has been remarked elsewhere, if the latest low-end estimate is accurate — that the leak is spewing approximately 2.5 million gallons per day — then the rupture is emitting as much oil about every 4 days as the Exxon Valdez did in total. Here’s the timeline: April 20: […]
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Judge who ruled against offshore drilling moratorium invests in oil industry
The federal judge who overturned Barack Obama’s offshore drilling moratorium appears to own stock in numerous companies involved in the offshore oil industry — including Transocean, which leased the Deepwater Horizon drilling rig to BP prior to its April 20 explosion in the Gulf of Mexico — according to 2008 financial disclosure reports. So Yahoo […]
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What Obama Did Not Say: BP Gulf Disaster Is Biggest Cut In A Bleeding Earth
The morning after President Barack Obama called for a “national mission” in pursuit of a clean energy economy the BP blowout gushes oil into the Gulf at the new estimated rate of 60,000 barrels a day. And though the president said “we can’t afford not to change how we produce and use energy -– because […]
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Must-sea TV on the oil spill from Comedy Central
Staying up-to-date on the oil spill sucks a little bit less thanks to Jon Stewart and Stephen Colbert (and Grist!). Here are the latest offerings from Day 62 of “The Strife Aquatic.” Worth watching! [vodpod id=Video.3883267&w=425&h=350&fv=] [vodpod id=Video.16088478&w=425&h=350&fv=]
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Four BP-style extreme energy nightmares to come
The Gulf nightmare.Photo: Department of EnergyThis essay was originally published on TomDispatch and is republished here with Tom’s kind permission. On June 15, in their testimony before the House Energy and Commerce Committee, the chief executives of America’s leading oil companies argued that BP’s Deepwater Horizon disaster in the Gulf of Mexico was an aberration […]
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Celebrities tackle another tragedy with Larry King’s ‘Disaster in the Gulf’ telethon
When catastrophe strikes — be it asteroids, aliens, or tornadoes — it’s always best to call in the heavyweights. Celebrities, that is. After all, Hollywood deals with epic disasters and explosions every day. After an initial drought, the devastating oil leak in the Gulf of Mexico has started to see more stars dip their toes […]
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Public support for offshore drilling continues to plummet, despite GOP scare tactics
On the 64th day of the nation’s worst environmental disaster, Americans’ opposition to offshore oil drilling continues to grow. Center for American Progress’s Daniel J. Weiss has the details: A CNN/Opinion Research Corp. poll of adults taken on June 16, the day after President Obama’s Oval Office energy address, found an 18 percent swing towards […]
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Big Oil plays jobs card as it fights offshore-drilling moratorium
First we saw interview after interview with out-of-work fishermen and shrimpers. Now we’re hearing from oil-rig workers. Jobs are the trump card of political debate in America these days and, not surprisingly, that card is now being deftly played by critics of the Obama administration’s six-month moratorium on deepwater drilling in the Gulf of Mexico. […]