The Daily Tarball
Bloomberg: Cracks Show BP Was Battling Gulf Well as Early as February
Serious problems with BP's Macondo/Deepwater Horizon well go back at least to February. “It’s been a doomed voyage from the beginning.”
NY Times: BP Ignored the Omens of Disaster
"something was systemically wrong with BP’s culture."
Naomi Klein, The Guardian: Gulf oil spill: A hole in the world
"Everything is dying," a woman said as the town hall meeting was finally coming to a close. "How can you honestly tell us that our Gulf is resilient and will bounce back? Because not one of you up here has a hint as to what is going to happen to our Gulf. You sit up here with a straight face and act like you know when you don't know."
Why don't news outlets call BP's huge oil 'spill' a gusher?
Even a basic description is a linguistic challenge.
“This is on an unprecedented scale, so it would be an exercise in semantics to fish around and find the worst adjective there is or the worst noun for it.”
CNN: Frustrated locals not waiting for OK to stop oil
Example from Okaloosa County Florida; local volunteers and town governments trying to do what they can to fight the oil.
One bit of better (?) news:
MSNBC: BP faces huge tab, has deep pockets - Oil giant generates tens of billions in cash, sitting on vast oil reserves
Even if the cost of the nation's worst oil spill rises to $70 billion, the high end of current estimates, BP's pockets probably are deep enough to withstand it."
"BP is a money-making machine that reported profits of $16.8 billion last year on revenue of nearly $250 billion. The company pumps some 4 million barrels of crude oil from the earth daily, and generates billions in profits from its refining operations.
"BP also holds $6.8 billion in cash and short-term investments, which it could tap to pay for Gulf spill expenses. But that number is dwarfed by the rest of the company’s financial resources.
"Even if all of BP’s future profits went to pay for the Gulf spill, the company still owns vast resources of oil reserves that could be converted into cash by selling them to another oil company.
"According to estimates from bond rating agency Moody’s, BP has total proven reserves of roughly 18 billion barrels of oil in the ground, worth some $1.35 trillion at the current price of $75 a barrel."
Serious problems with BP's Macondo/Deepwater Horizon well go back at least to February. “It’s been a doomed voyage from the beginning.”
NY Times: BP Ignored the Omens of Disaster
"something was systemically wrong with BP’s culture."
Naomi Klein, The Guardian: Gulf oil spill: A hole in the world
"Everything is dying," a woman said as the town hall meeting was finally coming to a close. "How can you honestly tell us that our Gulf is resilient and will bounce back? Because not one of you up here has a hint as to what is going to happen to our Gulf. You sit up here with a straight face and act like you know when you don't know."
Why don't news outlets call BP's huge oil 'spill' a gusher?
Even a basic description is a linguistic challenge.
“This is on an unprecedented scale, so it would be an exercise in semantics to fish around and find the worst adjective there is or the worst noun for it.”
CNN: Frustrated locals not waiting for OK to stop oil
Example from Okaloosa County Florida; local volunteers and town governments trying to do what they can to fight the oil.
One bit of better (?) news:
MSNBC: BP faces huge tab, has deep pockets - Oil giant generates tens of billions in cash, sitting on vast oil reserves
Even if the cost of the nation's worst oil spill rises to $70 billion, the high end of current estimates, BP's pockets probably are deep enough to withstand it."
"BP is a money-making machine that reported profits of $16.8 billion last year on revenue of nearly $250 billion. The company pumps some 4 million barrels of crude oil from the earth daily, and generates billions in profits from its refining operations.
"BP also holds $6.8 billion in cash and short-term investments, which it could tap to pay for Gulf spill expenses. But that number is dwarfed by the rest of the company’s financial resources.
"Even if all of BP’s future profits went to pay for the Gulf spill, the company still owns vast resources of oil reserves that could be converted into cash by selling them to another oil company.
"According to estimates from bond rating agency Moody’s, BP has total proven reserves of roughly 18 billion barrels of oil in the ground, worth some $1.35 trillion at the current price of $75 a barrel."