Archive for the 'Environment' Category
Oil Spill May Cost $4.3 Billion in Property Values
June 11th, 2010Via: Bloomberg: BP Plc’s oil spill may drive down the Gulf Coast’s shore-area property values by 10 percent for at least three years, according to CoStar Group Inc. Losses may total $4.3 billion along the 600-mile (966- kilometer) stretch from the Louisiana bayous to Clearwater, Florida, the property-information service estimates. “It’s just another blow to […]
Musical Chairs with Peter Sutherland
June 11th, 2010Goldman Sachs Sold $250 Million of BP Stock Before Spill: The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP. According to regulatory filings, RawStory.com […]
“These Are Company Towns”
June 11th, 2010Via: ABC News: Reporting is often about access, but journalists along the Gulf Coast covering the BP oil spill have had some trouble getting it. As BP faces more pressure from the government and from its own shareholders unhappy with the company’s falling stock price, it seems to be clamping down on who can talk […]
Experts Double Estimate of BP Oil Spill Size
June 11th, 2010Experts also tell us what the unemployment numbers are. So, double or triple it again and maybe we’ll be in the ballpark. Via: BBC: As many as 40,000 barrels (1.7m gallons) of oil a day may have been gushing out from a blown-out Gulf of Mexico well, doubling many estimates. The US Geological Survey says […]
Coast Guard Admiral Sees Game Changer as Oil Awaits Atlantic Hurricanes
June 10th, 2010Via: Bloomberg: Coast Guard Rear Admiral Mary E. Landry was up early on Saturday, April 24, preparing to brief news reporters on the deadly explosion at the Deepwater Horizon drilling rig when BP Plc called with bad news: The well was leaking oil into the Gulf of Mexico, 5,000 feet below the surface. She dashed […]
Fisherman Exposed to Mustard Gas
June 9th, 2010Via: WBZTV: A doctor treating a commercial fisherman who was sickened after his clamming boat pulled up munitions tainted with chemicals says tests show he was exposed to mustard gas. Dr. Edward Boyer, a toxicologist at UMass Memorial Medical Center in Worcester, said blood and urine tests that confirmed mustard gas exposure came back Monday […]
Another Rig Leaking Near Near Deepwater Horizon?
June 9th, 2010Via: AP: Photographs showing a sheen of oil in the Gulf of Mexico southwest of the big BP spill are evidence only of government-approved work long under way, not a second leak, an energy company said Tuesday. Site owner Taylor Energy Co. LLC said in a written statement that a production platform about 70 miles […]
“Are you fucking happy? Are you fucking happy? The rig’s on fire! I told you this was gonna happen.”
June 8th, 2010Via: The Atlantic: A prominent Houston attorney with a long record of winning settlements from oil companies says he has new evidence suggesting that the Deepwater Horizon’s top managers knew of problems with the rig before it exploded last month, causing the worst oil spill in US history. Tony Buzbee, a lawyer representing 15 rig […]
New Oil Plume Evidence Uncovered
June 7th, 2010Via: CNN: As if the pictures of birds, fish and animals killed by floating oil in the Gulf of Mexico is not disturbing enough, scientists now say they have found evidence of another danger lurking underwater. The University of South Florida recently discovered a second oil plume in the northeastern gulf. The first plume was […]
BP Chief Tony Hayward Sold Shares Weeks Before Oil Spill
June 5th, 2010Via: Telegraph: The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse. Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing […]
