BP To Pay $4.5 Billion For Deepwater Horizon

Posted by on Nov 15, 2012 in Government | No Comments

Two and a half years after tens of millions of gallons of crude oil spilled into the Gulf of Mexico from BP’s Deepwater Horizon drill platform, the company has pleaded guilty to more than 10 felonies and been fined $4.5 billion (largest in US history). In addition, two company employees will be charged with manslaughter related to […]

BP’s Expected Oil Disaster Fine: $17.6 Billion

Posted by on Aug 3, 2010 in Government | No Comments

Ouch, this is going to leave a mark: At its height, BP’s leaking well gushed 62,000 barrels of oil a day, the federal government said Monday in a revision of its figures that reveals how far off initial estimates turned out to be. The government and BP initially offered estimates of the leak at 1,000 […]

Solid Business Thinking BP

Posted by on Jun 29, 2010 in News | No Comments

According to the Houston Chronicle BP saved $5 million by taking shortcuts while drilling the Macondo/Deepwater Horizon well. BP stock has lost $80 billion. $20 billion placed into an escrow for damages. $2.5 billion in clean up costs to date. Solid business decision there BP.

Obama: Branding vs. Performance

Posted by on Jun 14, 2010 in Politics | No Comments

I like Barack Obama. Voted for him. Contributed to his campaign. But I wouldn’t call myself a “raving fan,” cause well he isn’t liberal enough for me and he has in fact broken some campaign promises that might be considered pretty unimportant by a vast majority of the public, but they matter to me. With […]

It Is A Reason, Not An Excuse

Posted by on May 28, 2010 in News | No Comments

In the last few weeks I’ve heard many on the right say that the BP oil spill gusher is being used by Obama as an excuse to stop the expansion of offshore drilling in US waters. A perfect example was Neil Cavuto on Fox News yesterday afternoon: I don’t want to sound too jaded or […]

Biggest Oil Spill In American History

Posted by on May 27, 2010 in News | No Comments

The sheer magnitude is just staggering. A federal team created to produce a more precise estimate of the oil gushing into the Gulf of Mexico has determined that the rate is at least twice what was previously acknowledged and possibly five times as much, officials said on Thursday. If the team’s estimates are accurate, this […]

Rand Paul Should Stop Talking

Posted by on May 21, 2010 in Politics | No Comments

First he gets himself into a ton of trouble by tell the Courier-Journal, NPR, and Rachel Maddow that he would have voted against the Civil Rights Act of 1964. Hilarity ensued for a complete day as he tried to walk that statement back yesterday. Now today on Good Morning America he says Obama’s comments about […]

I'm Noticing A Pattern Here

Posted by on May 16, 2010 in News | No Comments

Lately, there seems to be a pattern in developments surrounding the BP oil gusher spill: the news is always bad and getting worse. Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots. […]

This Inspires So Much Confidence

Posted by on May 15, 2010 in News | No Comments

You have to be shitting me: That question hangs in the air here at a BP crisis center as hundreds of engineers and scientists work to cap the undersea well that for more than three weeks has spewed oil into the Gulf of Mexico. Officials with BP and other companies involved in the effort, who […]

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