So, in addition to giving Tony “I want my life back” Hayward his life back, the BP Board of Directors this week reported a $17,000,000,000 loss for the quarter and announced that they would set aside $32,000,000,000 to pay claims in their Gulf of Mexico fiasco.
|By: Teddy Partridge Tuesday July 27, 2010 7:40 pm|
|By: Kirk Murphy Monday July 19, 2010 1:02 pm|
No wonder payout czar Feinberg’s a succeessful well-connected insider DC attorney. He’s so slick he’s decreed the fisherman who contracted to work cleaning up the poisons BP spews will have their income from that work deducted. From what? From what ever settlement he may award them for damages…damages from BP’s oil apocalypse.
Yep, Czar Feinberg, in his generosity, demands the fisherman cleaning up BP’s posions from our public waters do their work for free. Such an opportunity! Shock Doctrine, meet Czar Doctrine: Feinberg’s gone neo-feudal on the Gulf. This Czar’s using the job Obama and BP’s top man picked him for to get back to his roots….in 16th centruy Russia. Is that where the President hopes to bring the wounded Gulf?
|By: Edger Saturday July 3, 2010 7:31 pm|
Oil industry analysts have estimated that there may be as much as a billion barrels or more of oil in the reservoir below BP’s Macondo Well. If the well is leaking at the so far maximum estimated rate of 100,000 barrels per day, and there are 1 billion barrels of oil in the reservoir, then determining how long the well could leak if it is not plugged is a simple high school mathematics level calculation.
One billion barrels divided by 100,000 barrels per day equals 10,000 days, or a continuous leak of 100,000 barrels per day for 27.39 years if the well is not plugged, to empty the reservoir into the Gulf of Mexico.