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Nearly two years after the worst accidental offshore oil spill in the history of the energy industry, some of the biggest companies in the world are busy pointing their legal fingers at one another in court over who has to pay what in claims, damages and fines over the deadly Deepwater Horizon oil spill. A federal judge this week ruled that BP is still obligated to a clause in its contract with Transocean that would protect the rig owner from damages related to the spill. That means BP still has to shell out money to settle claims filed by those...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
A Coast Guard inspection of a freighter docked at the Port of Longview "didn't uncover or reveal anything," a Coast Guard spokesman said Saturday, but the crew members are not allowed off the ship and security will be maintained until the ship leaves. "We were not expecting to find anything," Lt. Cmdr. Glynn Smith, the Coast Guard's public affairs officer for the Pacific area, said Saturday by telephone from his office in Alameda, Calif. The search was routine, according to the Coast Guard, but Longview officials said the security crackdown is the most port activity since the Sept. 11, 2001,...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
Throughout the months-long 2010 BP oil spill in the Gulf of Mexico, scientists expressed surprise at the development and relatively speedy disappearance of giant plumes of subsea oil and gas that jetted from the wellhead and refused to surface. A new study explains how bacteria degraded the plumes so efficiently: A succession of hydrocarbon-noshing species mushroomed because their movable feasts were repeatedly replenished. Only about 15 percent of the BP gusher floated up to form giant surface slicks, a second new study finds. Natural gas constituents and dissolvable chemicals amounting to twice that mass remained near the seafloor, creating the...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
Today, I’m going to say some nice things about BP and some not so nice things about the lawyers who are suing BP. Please don’t spill your coffee. As horrific as the Deepwater Horizon accident was in April 2010 — killing 11 rig employees, while pouring millions of gallons of oil into the Gulf of Mexico — BP has performed quite admirably in its aftermath. It has spared no expense in cleaning up the oil. It has set aside $1 billion to restore the environment and coastal ecosystem. It underwrote an advertising campaign to lure tourists back to the Gulf...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
Solar failuresThe Orange County Register December 29, 2011 10:03 AM Sooner or later, the laws of economics prevail, even in heavily subsidized industries like solar power. The latest evidence that government manipulation cannot overcome economic reality is the decision by BP PLC, the giant British energy company, to leave the solar power business. BP has developed solar energy for 40 years and for more than a decade touted its “Beyond Petroleum” campaign. The Wall Street Journal suggested, however, that BP’s solar experiment was more gimmick than serious investment. BP spent millions trying to go green, but simultaneously spent billions on...
Published on Monday 20th of February 2012 01:16:21 AM
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Alan D. Bersin, commissioner of the 57,000-employee U.S. Customs and Border Protection, will resign effective December 30, he said Thursday. Bersin was appointed to the post by President Barack Obama on March 27, 2010. He notified the president of his resignation Thursday, he said in a statement. "My service as commissioner has been one of the most rewarding experiences of my public life," Bersin said. "I am immensely proud of the significant and meaningful achievements we have made on our borders and at our nation's ports of entry over nearly two years. "Through innovative solutions and strengthened partnerships, we have...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
The Monty Python defense. My goodness. Joltin' Joe Lieberman announces a Senate Homeland Security investigation on F&F "inter-ageny miscommunication" and the head of Border Patrol runs away the very same day. Folks, just received this statement by email: Statement from Alan D. Bersin, Commissioner, U.S. Customs and Border Protection Earlier today, I notified the President of my intent to resign as Commissioner of U.S. Customs and Border Protection effective Dec. 30. I have expressed my deep gratitude and appreciation to President Obama and Secretary Napolitano for the opportunity to have led such an exceptional organization and for the confidence they...
Published on Monday 20th of February 2012 01:16:21 AM
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Posted by admin / Under Bp Spill
Oil giant BP is preparing to exit the solar industry entirely. BP is preparing to wind down its BP Solar unit and sell-off the stakes it has in various projects around the world. A document announcing the decision to the 100 employees who will be affected says changes in the solar industry have left BP unable to achieve sufficient margins in the sector. It says the decision is made with regret after a “near 40-year commitment to solar energy”. A BP spokesman confirms the move and says that over the last six months "regrettably we have come to the decision...
Published on Monday 20th of February 2012 01:16:21 AM
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