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Monday, May 31, 2010

BP - I am Tired Of BP - Tired of Hearing How Incompetent They Are - BUT WE HAVE A LONG WAY TO GO!

I for one am getting tired of hearing about BP.  Tired of day after day of failure.  Day after day of hearing Tony Hayward tell us how it is not so bad. 

BUT, it now appears at best oil will flow until August.  AND then the problem is not over - not by a long shot.  All that will happen is that new oil will stop flowing.  We will still have to deal with the oil that has now spilled for years perhaps decades.

I was not opposed to off-shore drilling.  Now unless there are assurances (not simply someone saying they will fix something) that this cannot happen again, no more drilling.  Why?

According to the Gulf Disaster Permit Plan for the BP well, BP Prepared for a spill 10 Times worse.

Someone should be going to jail!

I agree with Ed Markey (D-Mass.), chairman of a House energy committee investigating the oil spill. 
Ed Markey: BP 'Lying Or Incompetent' About Scope Of Gulf Oil Spill.
He suggested that the oil company has misled the public about the magnitude of the spill, and warned the public not to trust what the company is saying.

"So you think they lied?" asked CBS News political analyst John Dickerson, sitting in this week for host Bob Schieffer. "I think they were either lying or incompetent," Markey replied. "But either way, the consequences for the Gulf of Mexico are catastrophic."

"I have no confidence whatsoever in BP," Markey went on. "I do not think they know what they are doing. .. I do not think people should really believe anything BP is saying in terms of the likelihood of anything that they are doing is going to turn out as they predicted."

"Is this criminal activity, do you think?" Dickerson asked.

"I think that without question, if the word 'criminal' should be used in terms of an environmental crime against our country, then what's going on in the Gulf of Mexico is going to qualify, yes," Markey concluded.

 This is what the Gulf Disaster Permit Plan for BP said in its filing with the U.S. Minerals Management Service in 2008:
“Proper execution of the procedures detailed in this manual will help to limit environmental and ecological damage to sensitive areas as well as minimizing loss or damage to BP facilities in the event of a petroleum release.”  
Either that is a lie or BP has committed gross negligence and is grossly incompetant.

Want another example?  BP’s plan says that those companies have enough oil- skimming vessels to remove about 492,000 barrels of oil a day from the water. The companies have the capacity to store 299,000 barrels a day, according to the plan.  SO, what do they actually have in place.  BP spokesman John Curry said yesterday that so far, the company, through its contractors, has deployed 91 skimming vessels that have picked up a total of 312,952 barrels of oily water mixture from the spill that has gushed for almost six weeks. “That’s not all oil, it’s oily water,” he said.

Read that again (I had to).  BP has only picked up in the last six weeks a fraction of what they said they could and would pick up in a day.

The spill has cost BP a total of $760 million, or about $22 million a day, the company said May 24. BP’s average daily profit last year was $45 million a day, according to data compiled by Bloomberg.

Easy to see why they lied.  "Greed is good."  Remember that slogan.

As I said, I am tired of this spill.  Unfortunately none of us have a choice.  We will have to deal with this problem for a long time to come.  It is time for people to go to jail!

I say we start with Tony Hayward.  His latest statements.  Disputing scientists' claims of large oil plumes suspended underwater in the Gulf of Mexico, BP PLC's chief executive on Sunday said the company has largely narrowed the focus of its cleanup to surface slicks rolling into Louisiana's coastal marshes.  During a tour of a BP PLC staging area for cleanup workers, CEO Tony Hayward said the company's sampling showed "no evidence" that oil was suspended in large masses beneath the surface. He didn't elaborate on how the testing was done. 

[Note: Scientists from several universities have reported plumes of what appears to be oil far from the site of BP's leaking wellhead, which is more than 5,000 beneath the surface.  Those findings – from the University of South Florida, the University of Georgia, Southern Mississippi University and other institutions – were based on video images and initial observations of water samples taken in the Gulf over the last several weeks. They continue to be analyzed.]

Let's make it easy.  If he is wrong he goes to jail for crimes against humanity and stays in jail until every drop of oil is cleaned up.

Ben Stein agrees.  STEIN: I don't know if it's trillions. I'm not sure there are any trillion-dollar companies but it's a very, very large company and it will be sued and it has insurance and it has reinsurance. And the risk will be spread all over the place.  But at the end of the day, if somebody knew something like this was likely to happen and just said, keep pumping like mad, I think there may be criminal liability.  I have always felt that if someone does something seriously bad a criminal sanction is better than a sanction on the stockholders.  Look, I'm a stockholder of BP through mutual funds. You are, I'm sure, too. I'm sure most of your viewers are in their retirement fund. Why should we be punished? Why shouldn't it be people who actually were there on the watch and made the mistake be put in prison if they did it criminally negligently?

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