From LATimes.com:
Venezuela to pay Exxon Mobil only $255 million of ruling
State oil company Petroleos de Venezuela says debts and court action reduce an award of nearly $908 million by the International Chamber of Commerce.
Associated Press
January 2, 2012
http://www.latimes.com/business/la-fi-exxon-20120102,0,5269113.story
Venezuela said Monday that it has successfully defended itself in an international arbitration case brought by Exxon Mobil Corp. and will need to pay only $255 million of nearly $908 million awarded to the company.
State oil company Petroleos de Venezuela, or PDVSA, said in a statement that debts and court action reduce what it owes under the ruling by the International Chamber of Commerce.
PDVSA said Exxon Mobil had previously used international courts to freeze about $300 million in Venezuela's U.S. accounts and that the company also has a debt of about $191 million related to the financing of an oil project in the country, as well as $160 million that the arbitration tribunal said was owed to PDVSA.
PDVSA called it a "successful defense" and said Exxon Mobil had initially demanded about $12 billion in compensation.
There was no immediate response from the Irving, Texas, oil company. It confirmed the international chamber's decision Sunday, saying the arbitration body found that PDVSA "does have a contractual liability to Exxon Mobil."
Exxon Mobil sought arbitration after President Hugo Chavez's government nationalized an oil project in the country in 2007.
PDVSA said that Exxon Mobil's compensation demands had been "completely exaggerated."
"After four years of arbitration, the real amount determined by the ICC tribunal indeed represents less than the exorbitant sum initially demanded," PDVSA said in the statement.
Exxon Mobil still has another arbitration case pending against Venezuela before the World Bank-affiliated International Center for Settlement of Investment Disputes.
PDVSA said that Venezuela "will take all necessary steps to defend itself" in that case as well.
More than a dozen other arbitration cases involving Venezuela are pending as companies have sought billions of dollars in compensation in response to nationalizations by Chavez's leftist government.
Showing posts with label Exxon. Show all posts
Showing posts with label Exxon. Show all posts
Friday, January 6, 2012
Saturday, November 13, 2010
The Phantom Left
http://www.truthdig.com/report/item/the_phantom_left_20101031/ Oct 31, 2010
Chris Hedges
The American left is a phantom. It is conjured up by the right wing to tag Barack Obama as a socialist and used by the liberal class to justify its complacency and lethargy. It diverts attention from corporate power. It perpetuates the myth of a democratic system that is influenced by the votes of citizens, political platforms and the work of legislators. It keeps the world neatly divided into a left and a right. The phantom left functions as a convenient scapegoat. The right wing blames it for moral degeneration and fiscal chaos. The liberal class uses it to call for “moderation.” And while we waste our time talking nonsense, the engines of corporate power—masked, ruthless and unexamined—happily devour the state.
The loss of a radical left in American politics has been catastrophic. The left once harbored militant anarchist and communist labor unions, an independent, alternative press, social movements and politicians not tethered to corporate benefactors. But its disappearance, the result of long witch hunts for communists, post-industrialization and the silencing of those who did not sign on for the utopian vision of globalization, means that there is no counterforce to halt our slide into corporate neofeudalism. This harsh reality, however, is not palatable. So the corporations that control mass communications conjure up the phantom of a left. They blame the phantom for our debacle. And they get us to speak in absurdities.
The phantom left took a central role on the mall this weekend in Washington. It had performed admirably for Glenn Beck, who used it in his own rally as a lightning rod to instill anger and fear. And the phantom left proved equally useful for the comics Jon Stewart and Stephen Colbert, who spoke to the crowd wearing red-white-and-blue costumes. The two comics evoked the phantom left, as the liberal class always does, in defense of moderation, which might better be described as apathy. If the right wing is crazy and if the left wing is crazy, the argument goes, then we moderates will be reasonable. We will be nice. Exxon and Goldman Sachs, along with predatory banks and the arms industry, may be ripping the guts out of the country, our rights—including habeas corpus—may have been revoked, but don’t get mad. Don’t be shrill. Don’t be like the crazies on the left.
“Why would you work with Marxists actively subverting our Constitution or racists and homophobes who see no one’s humanity but their own?” Stewart asked. “We hear every damn day about how fragile our country is—on the brink of catastrophe—torn by polarizing hate, and how it’s a shame that we can’t work together to get things done. But the truth is we do. We work together to get things done every damn day. The only place we don’t is here [in Washington] or on cable TV.”
The rally delivered a political message devoid of reality or content. The corruption of electoral politics by corporate funds and lobbyists, the naive belief that we can somehow vote ourselves back to democracy, was ignored for emotional catharsis. The right hates. The liberals laugh. And the country is taken hostage.
The Rally to Restore Sanity, held in Washington’s National Mall, was yet another sad footnote to the death of the liberal class. It was as innocuous as a Boy Scout jamboree. It ridiculed followers of the tea party without acknowledging that the pain and suffering expressed by many who support the movement are not only real but legitimate. It made fun of the buffoons who are rising up out of moral swamps to take over the Republican Party without accepting that their supporters were sold out by a liberal class, and especially a Democratic Party, which turned its back on the working class for corporate money.
Fox News’ Beck and his allies on the far right can use hatred as a mobilizing force because there are tens of millions of Americans who have very good reason to hate. They have been betrayed by the elite who run the corporate state, by the two main political parties and by the liberal apologists, including those given public platforms on television, who keep counseling moderation as jobs disappear, wages drop and unemployment insurance runs out. As long as the liberal class speaks in the dead voice of moderation it will continue to fuel the right-wing backlash. Only when it appropriates this rage as its own, only when it stands up to established systems of power, including the Democratic Party, will we have any hope of holding off the lunatic fringe of the Republican Party.
Wall Street’s looting of the Treasury, the curtailing of our civil liberties, the millions of fraudulent foreclosures, the long-term unemployment, the bankruptcies from medical bills, the endless wars in the Middle East and the amassing of trillions in debt that can never be repaid are pushing us toward a Hobbesian world of internal collapse. Being nice and moderate will not help. These are corporate forces that are intent on reconfiguring the United States into a system of neofeudalism. These corporate forces will not be halted by funny signs, comics dressed up like Captain America or nice words.
The liberal class wants to inhabit a political center to remain morally and politically disengaged. As long as there is a phantom left, one that is as ridiculous and stunted as the right wing, the liberal class can remain uncommitted. If the liberal class concedes that power has been wrested from us it will be forced, if it wants to act, to build movements outside the political system. This would require the liberal class to demand acts of resistance, including civil disobedience, to attempt to salvage what is left of our anemic democratic state. But this type of political activity, as costly as it is difficult, is too unpalatable to a bankrupt liberal establishment that has sold its soul to corporate interests. And so the phantom left will be with us for a long time.
Politics in America has become spectacle. It is another form of show business. The crowd in Washington, well trained by television, was conditioned to play its role before the cameras. The signs —“The Rant is Too Damn High,” “Real Patriots Can Handle a Difference of Opinion” or “I Masturbate and I Vote”—reflected the hollowness of current political discourse and television’s perverse epistemology. The rally spoke exclusively in the impoverished iconography and language of television. It was filled with meaningless political pieties, music and jokes. It was like any television variety program. Personalities were being sold, not political platforms. And this is what the society of spectacle is about.
The modern spectacle, as the theorist Guy Debord pointed out, is a potent tool for pacification and depoliticization. It is a “permanent opium war” which stupefies its viewers and disconnects them from the forces that control their lives. The spectacle diverts anger toward phantoms and away from the perpetrators of exploitation and injustice. It manufactures feelings of euphoria. It allows participants to confuse the spectacle itself with political action.
The celebrities from Comedy Central and the trash talk show hosts on Fox are in the same business. They are entertainers. They provide the empty, emotionally laden material that propels endless chatter back and forth on supposed left- and right-wing television programs. It is a national Punch and Judy show. But don’t be fooled. It is not politics. It is entertainment. It is spectacle. All national debate on the airwaves is driven by the same empty gossip, the same absurd trivia, the same celebrity meltdowns and the same ridiculous posturing. It is presented with a different spin. But none of it is about ideas or truth. None of it is about being informed. It caters to emotions. It makes us confuse how we are made to feel with knowledge. And in the end, for those who serve up this drivel, the game is about money in the form of ratings and advertising. Beck, Colbert and Stewart all serve the same masters. And it is not us.
Chris Hedges, who writes every Monday for Truthdig, is the author of the new book “Death of the Liberal Class.”
Chris Hedges
The American left is a phantom. It is conjured up by the right wing to tag Barack Obama as a socialist and used by the liberal class to justify its complacency and lethargy. It diverts attention from corporate power. It perpetuates the myth of a democratic system that is influenced by the votes of citizens, political platforms and the work of legislators. It keeps the world neatly divided into a left and a right. The phantom left functions as a convenient scapegoat. The right wing blames it for moral degeneration and fiscal chaos. The liberal class uses it to call for “moderation.” And while we waste our time talking nonsense, the engines of corporate power—masked, ruthless and unexamined—happily devour the state.
The loss of a radical left in American politics has been catastrophic. The left once harbored militant anarchist and communist labor unions, an independent, alternative press, social movements and politicians not tethered to corporate benefactors. But its disappearance, the result of long witch hunts for communists, post-industrialization and the silencing of those who did not sign on for the utopian vision of globalization, means that there is no counterforce to halt our slide into corporate neofeudalism. This harsh reality, however, is not palatable. So the corporations that control mass communications conjure up the phantom of a left. They blame the phantom for our debacle. And they get us to speak in absurdities.
The phantom left took a central role on the mall this weekend in Washington. It had performed admirably for Glenn Beck, who used it in his own rally as a lightning rod to instill anger and fear. And the phantom left proved equally useful for the comics Jon Stewart and Stephen Colbert, who spoke to the crowd wearing red-white-and-blue costumes. The two comics evoked the phantom left, as the liberal class always does, in defense of moderation, which might better be described as apathy. If the right wing is crazy and if the left wing is crazy, the argument goes, then we moderates will be reasonable. We will be nice. Exxon and Goldman Sachs, along with predatory banks and the arms industry, may be ripping the guts out of the country, our rights—including habeas corpus—may have been revoked, but don’t get mad. Don’t be shrill. Don’t be like the crazies on the left.
“Why would you work with Marxists actively subverting our Constitution or racists and homophobes who see no one’s humanity but their own?” Stewart asked. “We hear every damn day about how fragile our country is—on the brink of catastrophe—torn by polarizing hate, and how it’s a shame that we can’t work together to get things done. But the truth is we do. We work together to get things done every damn day. The only place we don’t is here [in Washington] or on cable TV.”
The rally delivered a political message devoid of reality or content. The corruption of electoral politics by corporate funds and lobbyists, the naive belief that we can somehow vote ourselves back to democracy, was ignored for emotional catharsis. The right hates. The liberals laugh. And the country is taken hostage.
The Rally to Restore Sanity, held in Washington’s National Mall, was yet another sad footnote to the death of the liberal class. It was as innocuous as a Boy Scout jamboree. It ridiculed followers of the tea party without acknowledging that the pain and suffering expressed by many who support the movement are not only real but legitimate. It made fun of the buffoons who are rising up out of moral swamps to take over the Republican Party without accepting that their supporters were sold out by a liberal class, and especially a Democratic Party, which turned its back on the working class for corporate money.
Fox News’ Beck and his allies on the far right can use hatred as a mobilizing force because there are tens of millions of Americans who have very good reason to hate. They have been betrayed by the elite who run the corporate state, by the two main political parties and by the liberal apologists, including those given public platforms on television, who keep counseling moderation as jobs disappear, wages drop and unemployment insurance runs out. As long as the liberal class speaks in the dead voice of moderation it will continue to fuel the right-wing backlash. Only when it appropriates this rage as its own, only when it stands up to established systems of power, including the Democratic Party, will we have any hope of holding off the lunatic fringe of the Republican Party.
Wall Street’s looting of the Treasury, the curtailing of our civil liberties, the millions of fraudulent foreclosures, the long-term unemployment, the bankruptcies from medical bills, the endless wars in the Middle East and the amassing of trillions in debt that can never be repaid are pushing us toward a Hobbesian world of internal collapse. Being nice and moderate will not help. These are corporate forces that are intent on reconfiguring the United States into a system of neofeudalism. These corporate forces will not be halted by funny signs, comics dressed up like Captain America or nice words.
The liberal class wants to inhabit a political center to remain morally and politically disengaged. As long as there is a phantom left, one that is as ridiculous and stunted as the right wing, the liberal class can remain uncommitted. If the liberal class concedes that power has been wrested from us it will be forced, if it wants to act, to build movements outside the political system. This would require the liberal class to demand acts of resistance, including civil disobedience, to attempt to salvage what is left of our anemic democratic state. But this type of political activity, as costly as it is difficult, is too unpalatable to a bankrupt liberal establishment that has sold its soul to corporate interests. And so the phantom left will be with us for a long time.
Politics in America has become spectacle. It is another form of show business. The crowd in Washington, well trained by television, was conditioned to play its role before the cameras. The signs —“The Rant is Too Damn High,” “Real Patriots Can Handle a Difference of Opinion” or “I Masturbate and I Vote”—reflected the hollowness of current political discourse and television’s perverse epistemology. The rally spoke exclusively in the impoverished iconography and language of television. It was filled with meaningless political pieties, music and jokes. It was like any television variety program. Personalities were being sold, not political platforms. And this is what the society of spectacle is about.
The modern spectacle, as the theorist Guy Debord pointed out, is a potent tool for pacification and depoliticization. It is a “permanent opium war” which stupefies its viewers and disconnects them from the forces that control their lives. The spectacle diverts anger toward phantoms and away from the perpetrators of exploitation and injustice. It manufactures feelings of euphoria. It allows participants to confuse the spectacle itself with political action.
The celebrities from Comedy Central and the trash talk show hosts on Fox are in the same business. They are entertainers. They provide the empty, emotionally laden material that propels endless chatter back and forth on supposed left- and right-wing television programs. It is a national Punch and Judy show. But don’t be fooled. It is not politics. It is entertainment. It is spectacle. All national debate on the airwaves is driven by the same empty gossip, the same absurd trivia, the same celebrity meltdowns and the same ridiculous posturing. It is presented with a different spin. But none of it is about ideas or truth. None of it is about being informed. It caters to emotions. It makes us confuse how we are made to feel with knowledge. And in the end, for those who serve up this drivel, the game is about money in the form of ratings and advertising. Beck, Colbert and Stewart all serve the same masters. And it is not us.
Chris Hedges, who writes every Monday for Truthdig, is the author of the new book “Death of the Liberal Class.”
Monday, October 11, 2010
Apple may surpass Exxon as most valuable company
http://www.google.com/hostednews/ap/article/ALeqM5jVBkp_DhGmQ3dSOv71f7y5e0240QD9IKD31G0
Apple may surpass Exxon as most valuable company
DAVID K. RANDALL
10-3-10
NEW YORK — Here's something to think about the next time you pick up a call on your iPhone: the device you're holding may soon be the signature product of the most valuable company in the world.
Thanks to its line of gadgets that combine the ability to make calls, send email, read books, watch movies and listen to music, Apple Inc. is on a path to overtake Exxon Mobil Corp. as the largest company by market capitalization.
While Apple CEO Steve Jobs will no doubt be happy about his new perch atop the business world, there's more at stake here than mere bragging rights. As soon as the total value of the company's shares edges above Exxon's, Apple will take over the top spot in the Standard and Poor's 500, the market index used by most professional money managers.
That means that billions of dollars invested in funds that track the index will have to shift their holdings to reflect Apple's new weighting. Exxon, meanwhile, may see its share price fall from the same effect. That slide could be accelerated by hedge funds and technical traders who make bets based on the rebalancing of major indexes and would be primed to short the shares of Exxon.
Just as important as the day-to-day flow of dollars among investors, the move will also reflect how the market, and the overall economy, continues to evolve. The list of companies that have sat atop the S&P 500 is short. For years, the top spot rotated among stalwart industrials like General Electric Co., General Motors, and AT&T Inc., before that company was broken up as a result of an antitrust suit in 1984. Twenty years ago, IBM Corp. held the No. 1 position, narrowly beating out Exxon.
Apple's move to the top would be a strong signal that the market is no longer placing as high a value on industrial companies that depend on traditional manufacturing, business spending or natural resources for revenue. Instead, investors are now expecting growth to be driven by spending from average consumers on technology and entertainment.
If Apple becomes more valuable than Exxon, it will be only the second time that a growing technology company which doesn't pay dividends will make up the greatest share of the S&P 500. The first, Microsoft Corp., held the position for two years in the late 1990s during the boom that made personal computers a staple in households around the world.
Today, Apple dominates the business of putting the Internet in your pocket. That's quite a feat for a company that was worth only $7 dollars a share 10 years ago. It closed Friday at $282.52.
Apple still has some catching up to do before it takes the lead, of course. As of now, there is a $60 billion difference in the two companies' market capitalization. If the price of Exxon stays flat, Apple's stock will need to rise 12 percent to move ahead of the oil giant, according to Brian Marshall, an analyst at Gleacher & Company. Exxon doesn't seem likely to surge ahead in value anytime soon, according to research by Morgan Stanley analyst Evan Calio. Exxon "will likely lag in a continued recovery, particularly one driven by oil rather than gas," Calio recently wrote in a note to clients.
For most companies, a 12 percent jump in a year would be fantastic, let alone in a few months. But Apple has proven that it's not a normal company. In May, it leapfrogged ahead of Microsoft to take the No. 2 spot on the S&P 500 list. Gleacher's Marshall expects Apple to pull off a similar feat with Exxon not long after it reports its earnings on Oct. 18.
What sets Apple apart? For one thing, it's one of the few gigantic companies that is still growing like a startup. Its revenue is expected to jump 50 percent by the end of this year and an additional 20 percent next year, Marshall says. Much of that comes from its line of iPads and iPhones, which account for half of its revenue.
The fact that all of this growth comes in the midst of an economy that, until recently, was thought to be toeing the line of another recession is all the more impressive. While consumers have been putting off big-ticket items like new cars or homes and downsizing their vacations, they seem to have convinced themselves that they may as well buy devices to make all that time spent at home more exciting.
That helps Apple in another way, too. Because users of iPads and iPhones are tapped into Apple's iTunes store, where the company rents and sells movies and television shows, you could easily consider Apple a cable company as well. If you look at it that way, its base of 200 million customers makes it five times larger than Comcast Corp., the largest cable company in the United States.
Sales through iTunes now account for 8 percent of Apple's revenue, but will likely increase as the company gets a bigger share of the consumer's living room with its updated Apple TV device that streams entertainment to television sets. Any small increase in iTunes sales pumps up the company's bottom line, considering that it gets 30 cents for every dollar spent on a song or book purchased through its online store.
The company is also poised to expand its share of the global personal computer market, which accounts for 300 million units sold each year. "As people buy the iPad and get accustomed to it, it may become their primary PC device," said Toan Tran, an analyst at Morningstar.
For lay investors, Apple's move to the top of the S&P 500 won't bring drastic changes. Even though Apple doesn't pay a dividend like Exxon, its new positioning wouldn't affect the yield of the index, said Howard Silverblatt, a senior index analyst at Standard and Poor's.
And Apple shareholders will still have something to complain about: the approximately $50 billion in cash sitting on the company's balance sheet.
"Apple needs to do something with all of that capital," Tran said. "I could understand wanting to have something in reserve, but $50 billion is such a ridiculous number that they should seriously consider returning some of it to shareholders in the form of share buybacks."
Apple may surpass Exxon as most valuable company
DAVID K. RANDALL
10-3-10
NEW YORK — Here's something to think about the next time you pick up a call on your iPhone: the device you're holding may soon be the signature product of the most valuable company in the world.
Thanks to its line of gadgets that combine the ability to make calls, send email, read books, watch movies and listen to music, Apple Inc. is on a path to overtake Exxon Mobil Corp. as the largest company by market capitalization.
While Apple CEO Steve Jobs will no doubt be happy about his new perch atop the business world, there's more at stake here than mere bragging rights. As soon as the total value of the company's shares edges above Exxon's, Apple will take over the top spot in the Standard and Poor's 500, the market index used by most professional money managers.
That means that billions of dollars invested in funds that track the index will have to shift their holdings to reflect Apple's new weighting. Exxon, meanwhile, may see its share price fall from the same effect. That slide could be accelerated by hedge funds and technical traders who make bets based on the rebalancing of major indexes and would be primed to short the shares of Exxon.
Just as important as the day-to-day flow of dollars among investors, the move will also reflect how the market, and the overall economy, continues to evolve. The list of companies that have sat atop the S&P 500 is short. For years, the top spot rotated among stalwart industrials like General Electric Co., General Motors, and AT&T Inc., before that company was broken up as a result of an antitrust suit in 1984. Twenty years ago, IBM Corp. held the No. 1 position, narrowly beating out Exxon.
Apple's move to the top would be a strong signal that the market is no longer placing as high a value on industrial companies that depend on traditional manufacturing, business spending or natural resources for revenue. Instead, investors are now expecting growth to be driven by spending from average consumers on technology and entertainment.
If Apple becomes more valuable than Exxon, it will be only the second time that a growing technology company which doesn't pay dividends will make up the greatest share of the S&P 500. The first, Microsoft Corp., held the position for two years in the late 1990s during the boom that made personal computers a staple in households around the world.
Today, Apple dominates the business of putting the Internet in your pocket. That's quite a feat for a company that was worth only $7 dollars a share 10 years ago. It closed Friday at $282.52.
Apple still has some catching up to do before it takes the lead, of course. As of now, there is a $60 billion difference in the two companies' market capitalization. If the price of Exxon stays flat, Apple's stock will need to rise 12 percent to move ahead of the oil giant, according to Brian Marshall, an analyst at Gleacher & Company. Exxon doesn't seem likely to surge ahead in value anytime soon, according to research by Morgan Stanley analyst Evan Calio. Exxon "will likely lag in a continued recovery, particularly one driven by oil rather than gas," Calio recently wrote in a note to clients.
For most companies, a 12 percent jump in a year would be fantastic, let alone in a few months. But Apple has proven that it's not a normal company. In May, it leapfrogged ahead of Microsoft to take the No. 2 spot on the S&P 500 list. Gleacher's Marshall expects Apple to pull off a similar feat with Exxon not long after it reports its earnings on Oct. 18.
What sets Apple apart? For one thing, it's one of the few gigantic companies that is still growing like a startup. Its revenue is expected to jump 50 percent by the end of this year and an additional 20 percent next year, Marshall says. Much of that comes from its line of iPads and iPhones, which account for half of its revenue.
The fact that all of this growth comes in the midst of an economy that, until recently, was thought to be toeing the line of another recession is all the more impressive. While consumers have been putting off big-ticket items like new cars or homes and downsizing their vacations, they seem to have convinced themselves that they may as well buy devices to make all that time spent at home more exciting.
That helps Apple in another way, too. Because users of iPads and iPhones are tapped into Apple's iTunes store, where the company rents and sells movies and television shows, you could easily consider Apple a cable company as well. If you look at it that way, its base of 200 million customers makes it five times larger than Comcast Corp., the largest cable company in the United States.
Sales through iTunes now account for 8 percent of Apple's revenue, but will likely increase as the company gets a bigger share of the consumer's living room with its updated Apple TV device that streams entertainment to television sets. Any small increase in iTunes sales pumps up the company's bottom line, considering that it gets 30 cents for every dollar spent on a song or book purchased through its online store.
The company is also poised to expand its share of the global personal computer market, which accounts for 300 million units sold each year. "As people buy the iPad and get accustomed to it, it may become their primary PC device," said Toan Tran, an analyst at Morningstar.
For lay investors, Apple's move to the top of the S&P 500 won't bring drastic changes. Even though Apple doesn't pay a dividend like Exxon, its new positioning wouldn't affect the yield of the index, said Howard Silverblatt, a senior index analyst at Standard and Poor's.
And Apple shareholders will still have something to complain about: the approximately $50 billion in cash sitting on the company's balance sheet.
"Apple needs to do something with all of that capital," Tran said. "I could understand wanting to have something in reserve, but $50 billion is such a ridiculous number that they should seriously consider returning some of it to shareholders in the form of share buybacks."
Friday, July 30, 2010
Obama Claimed Escrow Fund Would Not 'Supersede' Claims in Court
http://videocafe.crooksandliars.com/node/38480
President Obama Claimed Escrow Fund From BP Would Not 'Supersede' Rights to Present Claims in Court, Feinberg Says It Will
Heather
Tuesday Jul 20, 2010
Even though I still agree that those who have been damaged by the oil spill in the Gulf getting something from BP right now is better than what we saw happen after the Exxon Valdez disaster -- where those who had claims got stalled for years and our wonderful corporatist Supreme Court decided that if they weren't dead yet ages later they were going to get next to nothing for their suffering -- it looks like Kenneth Feinberg is going back on the Obama administration's promise that taking money from BP now will not prevent anyone who has been damaged and who takes money from the escrow fund now from having the right to sue BP later.
Here's a portion of a press release from the Obama administration on June 16th of this year.
This $20 billion will provide substantial assurance that the claims people and businesses have will be honored. It’s also important to emphasize this is not a cap. The people of the Gulf have my commitment that BP will meet its obligations to them. BP has publicly pledged to make good on the claims that it owes to the people in the Gulf, and so the agreement we reached sets up a financial and legal framework to do it.
Another important element is that this $20 billion fund will not be controlled by either BP or by the government. It will be put in a escrow account, administered by an impartial, independent third party. So if you or your business has suffered an economic loss as a result of this spill, you’ll be eligible to file a claim for part of this $20 billion. This fund does not supersede either individuals’ rights or states’ rights to present claims in court. BP will also continue to be liable for the environmental disaster it has caused, and we’re going to continue to work to make sure that they address it.
Kenneth Feinberg directly contradicted that statement during his meeting with Louisiana residents on July 15th.
Feinberg: Okay, now I want a lump sum payment. I’m a shrimper. I’m a shrimper and I think that shrimping… I’m outta’ luck for three years. Well, that’s what you say. I’m looking at this. I’m asking the experts down in the Parish and I think, you’re not be going to be out of luck for three years. You’re out of luck for two years. I’ll give you a hundred and forty three thousand dollars if you release BP from any law suit. You can go sue somebody else if you want, but in return for $143.000, here’s the check, you sign away. You won’t sue BP. You decide. Yes, give me the check.
You’re gone. Release, sign your name or, you’re not treating me fairly, I think it’s not enough, I don’t know about the future, I don’t want the money. Don’t take it. Don’t take it. Go file a law suit. Wait. Come back. A year later this program is going to be up and running for I think three years. No rush if you want to wait and see. That’s up to you.
That’s how the program is going to work. Now that’s now how the moratorium is going to work.
Then we cut to the Ed Schultz Show and Mike Papantonio’s slant on this and Ed asking how Kenneth Feinberg is going to be paid.
Papantonio: Well it’s coming from BP, there’s no question it’s coming from BP. The question I’m going to raise, I’m going to meet the Feinberg group this week, Wednesday up in New York and the questions I have is who is paying you? We know it’s BP that’s paying Feinberg to do what he’s doing. That’s going around this coast, saying everything’s okay, the $20 billion is in place.
I want to ask Feinberg who’s going to bonus you if you save money on this $20 billion by not paying it to the victims. At this point he’s been handled like mamma Theresa, like Mother Theresa. He is not Mother Theresa.
I respect Ken Feinberg, I’ve worked against Ken Feinberg, he’s a great lawyer, but you’ve got to keep your eyes on the ball. He is working for BP. He’s not working for victims.
Kenneth Feinberg claims he’s working independently even though he’s being paid by BP. I’m not sure how independent you can expect someone to be if that’s who’s writing his paycheck as Pap noted.
Someone needs to ask President Obama why Ken Feinberg is directly contradicting him on claims against BP and those with claims giving away their right to sue later and being forced to sign a piece of paper with a BP lawyer there to receive a check.
Feinberg is doing nothing but liability damage for BP if everyone has to sign off not to sue to receive a check right now. That is not how this was painted by the Obama administration. I'd like to know where the rest of our media is on this besides Ed Schultz.
Karoli adds this:
The key here, though, is that no one has to take a final lump sum payment from the fund. It's structured in a way that allows for applicants to apply for, and receive payments that are not final settlements. The best strategy would be to keep coming back to the fund for interim payments, but not sign off on a final lump sum settlement. If there's some reason to do so, I would strongly suggest getting legal advice before doing it.
President Obama Claimed Escrow Fund From BP Would Not 'Supersede' Rights to Present Claims in Court, Feinberg Says It Will
Heather
Tuesday Jul 20, 2010
Even though I still agree that those who have been damaged by the oil spill in the Gulf getting something from BP right now is better than what we saw happen after the Exxon Valdez disaster -- where those who had claims got stalled for years and our wonderful corporatist Supreme Court decided that if they weren't dead yet ages later they were going to get next to nothing for their suffering -- it looks like Kenneth Feinberg is going back on the Obama administration's promise that taking money from BP now will not prevent anyone who has been damaged and who takes money from the escrow fund now from having the right to sue BP later.
Here's a portion of a press release from the Obama administration on June 16th of this year.
This $20 billion will provide substantial assurance that the claims people and businesses have will be honored. It’s also important to emphasize this is not a cap. The people of the Gulf have my commitment that BP will meet its obligations to them. BP has publicly pledged to make good on the claims that it owes to the people in the Gulf, and so the agreement we reached sets up a financial and legal framework to do it.
Another important element is that this $20 billion fund will not be controlled by either BP or by the government. It will be put in a escrow account, administered by an impartial, independent third party. So if you or your business has suffered an economic loss as a result of this spill, you’ll be eligible to file a claim for part of this $20 billion. This fund does not supersede either individuals’ rights or states’ rights to present claims in court. BP will also continue to be liable for the environmental disaster it has caused, and we’re going to continue to work to make sure that they address it.
Kenneth Feinberg directly contradicted that statement during his meeting with Louisiana residents on July 15th.
Feinberg: Okay, now I want a lump sum payment. I’m a shrimper. I’m a shrimper and I think that shrimping… I’m outta’ luck for three years. Well, that’s what you say. I’m looking at this. I’m asking the experts down in the Parish and I think, you’re not be going to be out of luck for three years. You’re out of luck for two years. I’ll give you a hundred and forty three thousand dollars if you release BP from any law suit. You can go sue somebody else if you want, but in return for $143.000, here’s the check, you sign away. You won’t sue BP. You decide. Yes, give me the check.
You’re gone. Release, sign your name or, you’re not treating me fairly, I think it’s not enough, I don’t know about the future, I don’t want the money. Don’t take it. Don’t take it. Go file a law suit. Wait. Come back. A year later this program is going to be up and running for I think three years. No rush if you want to wait and see. That’s up to you.
That’s how the program is going to work. Now that’s now how the moratorium is going to work.
Then we cut to the Ed Schultz Show and Mike Papantonio’s slant on this and Ed asking how Kenneth Feinberg is going to be paid.
Papantonio: Well it’s coming from BP, there’s no question it’s coming from BP. The question I’m going to raise, I’m going to meet the Feinberg group this week, Wednesday up in New York and the questions I have is who is paying you? We know it’s BP that’s paying Feinberg to do what he’s doing. That’s going around this coast, saying everything’s okay, the $20 billion is in place.
I want to ask Feinberg who’s going to bonus you if you save money on this $20 billion by not paying it to the victims. At this point he’s been handled like mamma Theresa, like Mother Theresa. He is not Mother Theresa.
I respect Ken Feinberg, I’ve worked against Ken Feinberg, he’s a great lawyer, but you’ve got to keep your eyes on the ball. He is working for BP. He’s not working for victims.
Kenneth Feinberg claims he’s working independently even though he’s being paid by BP. I’m not sure how independent you can expect someone to be if that’s who’s writing his paycheck as Pap noted.
Someone needs to ask President Obama why Ken Feinberg is directly contradicting him on claims against BP and those with claims giving away their right to sue later and being forced to sign a piece of paper with a BP lawyer there to receive a check.
Feinberg is doing nothing but liability damage for BP if everyone has to sign off not to sue to receive a check right now. That is not how this was painted by the Obama administration. I'd like to know where the rest of our media is on this besides Ed Schultz.
Karoli adds this:
The key here, though, is that no one has to take a final lump sum payment from the fund. It's structured in a way that allows for applicants to apply for, and receive payments that are not final settlements. The best strategy would be to keep coming back to the fund for interim payments, but not sign off on a final lump sum settlement. If there's some reason to do so, I would strongly suggest getting legal advice before doing it.
Thursday, July 29, 2010
Shoot BP: The Amazon to Arctic Investigation
Greg Palast
Thursday, July 15, 2010
At Tatitlek Village, Alaska Native Henry Makarka told me, "If I had a machine gun I'd shoot every one of them white sons of bitches."
Makarka was talking about the executives who came to him and his tribe 40 years ago to purchase their land at Valdez. They were from the companies now known as Exxon and BP.
The Tatitlek were paid the handsome price of $1 for Valdez, which the companies knew was worth billions.
Yes, Henry, will want to shoot BP too. And Exxon. With cameras - which corporations fear more than bullets.
We have launched the multi-national Amazon to Arctic investigation of BP and its oily sisters.
But frankly, we need the cash to do it; for the small charter planes, the detective agencies, the camera batteries and, frankly, our nourishment.
If you have ever considered supporting us, or adding to your prior support, believe me, this is the moment. Please donate here and I'll send you, signed, your choice of thank you gifts: my films on DVD and bestselling books.
For 21 years, I have been hunting BP, Exxon, Chevron and their sisters.
But I simply can't continue. We are, no kidding, dead out of funds.
The result will be a feature-length documentary (a major network has indicated it will distribute), major print investigative pieces and a series of video-enhanced internet news reports for major sites. (As always, our reports are given to Democracy Now! and other not-for-profit broadcasters without charge.)
But the preliminary work and deep investigation which they can't cover must start now.
* $579 buys my ticket to Alaska, BP's latest drilling target.
* $1100 gets me to a meeting with a BP insider.
* $200 buys us a new concealable mini-recorder.
We need your help. If you believe the issue of oil's global reach deserves the type of serious, deep investigation the Palast team uniquely provides, then now is the moment to show you support us.
Please, make it at least $100 and I'll send you my three latest DVDs.
Better yet, become our producer. I mean it. Instead of million-dollar moguls, we are looking for a group of twenty-four "mini-moguls" to launch our films (news report length and feature length). Donate at least $1,000 and we'll list you as a co-Producer for our next film (with a dozen DVDs of the film when complete).
Here's what YOU get:
BP insiders have contacted us from the Caspian to London. We need your tax-deductible donation right away. If ever there was a journalistic emergency, this is it.
We need to get back up to Alaska, BP's next offshore target, pay the bills from hunting Chevron in the Amazon, then return to the Gulf where we have more inside information already gleaned that needs verification and publication.
I really don't want to shut down such an important investigation. If you have ever considered supporting us, or adding to your prior support, believe me, this is the moment.
Our special thanks to Mike Papantonio, Bobby Kennedy and their Ring of Fire Radio for supporting our Arctic to Amazon campaign. Listen to Palast discuss BP with Mike Papantonio.
On top of this obligation, we have also begun an investigation of nuclear power which has recently arisen from its corporate crypt. I know this is a lot to take on, but we must - and we will, with your commitment to join us.
With gratitude,
Greg Palast
* * * * * * * *
Greg Palast investigated charges of fraud by BP and Exxon in the grounding of the Exxon Valdez for Alaska's Chugach Natives.
Palast's investigation of Chevron's oil drilling operations in the Amazon for BBC Television Newsnight is included in the DVD compendium Palast Investigates.
Palast's investigations are supported in part by the Puffin and Cloud Mountain Foundations and the Palast Investigative Fund, a 501c3 charitable trust.
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Sunday, May 30, 2010
Cleaning oil-soaked wetlands may be impossible
http://www.seattlepi.com/business/1310ap_us_oil_spill_impossible_cleanup.html
Cleaning oil-soaked wetlands may be impossible
By MATTHEW BROWN
ASSOCIATED PRESS WRITER
May 22, 2010
NEW ORLEANS -- The gooey oil washing into the maze of marshes along the Gulf Coast could prove impossible to remove, leaving a toxic stew lethal to fish and wildlife, government officials and independent scientists said.
Officials are considering some drastic and risky solutions: They could set the wetlands on fire or flood areas in hopes of floating out the oil.
They warn an aggressive cleanup could ruin the marshes and do more harm than good. The only viable option for many impacted areas is to do nothing and let nature break down the spill.
More than 50 miles of Louisiana's delicate shoreline already have been soiled by the massive slick unleashed after the Deepwater Horizon rig burned and sank last month. Officials fear oil eventually could invade wetlands and beaches from Texas to Florida. Louisiana is expected to be hit hardest.
On Saturday, a major pelican rookery was awash in oil off Louisiana's coast. Hundreds of birds nest on the island, and an Associated Press photographer saw some birds and their eggs stained with the ooze. Nests were perched in mangroves directly above patches of crude.
Plaquemines Parish workers put booms around the island, but puddles of oil were inside the barrier.
"Oil in the marshes is the worst-case scenario," said Coast Guard Adm. Thad Allen, the head of the federal effort to contain and clean up the spill.
Also Saturday, BP told federal regulators it plans to continue using a contentious chemical dispersant, despite orders from the Environmental Protection Agency to look for less toxic alternatives. BP said in a letter to the EPA that Corexit 9500 "remains the best option for subsea application."
The EPA didn't immediately comment on BP's decision.
Oil that has rolled into shoreline wetlands coats the stalks and leaves of plants such as roseau cane - the fabric that holds together an ecosystem that is essential to the region's fishing industry and a much-needed buffer against Gulf hurricanes. Soon, oil will smother those plants and choke off their supply of air and nutrients.
In some eddies and protected inlets, the ochre-colored crude has pooled beneath the water's surface, forming clumps several inches deep.
With the seafloor leak still gushing at least hundreds of thousands of gallons a day, the damage is only getting worse. Millions of gallons already have leaked so far.
Coast Guard officials said the spill's impact now stretches across a 150-mile swath, from Dauphin Island, Ala. to Grand Isle, La.
Over time, experts say weather and natural microbes will break down most of the oil. However, the crude will surely poison plants and wildlife in the months - even years - it will take for the syrupy muck to dissipate.
Back in 1989, crews fighting the Exxon Valdez tanker spill - which unleashed almost 11 million gallons of oil into Alaska's Prince William Sound - used pressure hoses and rakes to clean the shores. The Gulf Coast is just too fragile for that: those tactics could blast apart the peat-like soils that hold the marshes together.
Hundreds of miles of bayous and man-made canals crisscross the coast's exterior, offering numerous entry points for the crude. Access is difficult and time-intensive, even in the best of circumstances.
"Just the compaction of humanity bringing equipment in, walking on them, will kill them," said David White, a wetlands ecologist from Loyola University in New Orleans.
Marshes offer a vital line of defense against Gulf storms, blunting their fury before they hit populated areas. Louisiana and the federal government have spent hundreds of millions of dollars rebuilding barriers that were wiped out by hurricanes, notably Katrina in 2005.
They also act as nursery grounds for shrimp, crabs, oysters - the backbone of the region's fishing industry. Hundreds of thousands of migratory birds nest in the wetlands' inner reaches, a complex network of bayous, bays and man-made canals.
To keep oil from pushing deep into Louisiana's marshes, Gov. Bobby Jindal and officials from several coastal parishes want permission to erect a $350 million network of sand berms linking the state's barrier islands and headlands.
That plan is awaiting approval from the U.S. Army Corps of Engineers.
After surveying oil-stricken areas Saturday, Plaquemines Parish President Billy Nungesser said the berms were the marshes' last hope.
"It's getting in between all the cane and it's working through from one bayou to the next," he said.
Smaller spills have been occurring in the marshes for decades. In the past, cleanup crews would sometimes slice out oiled vegetation and take it to a landfill, said Andy Nyman with Louisiana State University.
But with the plants gone, water from the gulf would roll in and wash away the roots, turning wetlands to open water.
Adm. Allen said that where conditions are right, crews could set fire to oil-coated plants.
Nyman and other experts, though, warn it's tricky. If the marsh is too wet, the oil won't burn. Too dry, the roots burn and the marsh can be ruined.
BP PLC - which leased the sunken rig and is responsible for the cleanup - said Saturday that cleanup crews have started more direct cleanup methods along Pass a Loutre in Plaquemines Parish. Shallow water skimmers were attempting to remove the oil from the top of the marsh.
Streams of water could later be used in a bid to wash oil from between cane stalks.
In other cases, the company will rely on "bioremediation" - letting oil-eating microbes do the work.
"Nature has a way of helping the situation," said BP spokesman John Curry.
But Nyman said the dispersants could slow the microbes from breaking down the oil.
White, the Loyola scientist, predicted at least short-term ruin for some of the wetlands he's been studying for three decades. Under a worst-case scenario, he said the damage could exceed the 217 square miles of wetlands lost during the 2005 hurricane season.
"When I say that my stomach turns," he said.
Cleaning oil-soaked wetlands may be impossible
By MATTHEW BROWN
ASSOCIATED PRESS WRITER
May 22, 2010
NEW ORLEANS -- The gooey oil washing into the maze of marshes along the Gulf Coast could prove impossible to remove, leaving a toxic stew lethal to fish and wildlife, government officials and independent scientists said.
Officials are considering some drastic and risky solutions: They could set the wetlands on fire or flood areas in hopes of floating out the oil.
They warn an aggressive cleanup could ruin the marshes and do more harm than good. The only viable option for many impacted areas is to do nothing and let nature break down the spill.
More than 50 miles of Louisiana's delicate shoreline already have been soiled by the massive slick unleashed after the Deepwater Horizon rig burned and sank last month. Officials fear oil eventually could invade wetlands and beaches from Texas to Florida. Louisiana is expected to be hit hardest.
On Saturday, a major pelican rookery was awash in oil off Louisiana's coast. Hundreds of birds nest on the island, and an Associated Press photographer saw some birds and their eggs stained with the ooze. Nests were perched in mangroves directly above patches of crude.
Plaquemines Parish workers put booms around the island, but puddles of oil were inside the barrier.
"Oil in the marshes is the worst-case scenario," said Coast Guard Adm. Thad Allen, the head of the federal effort to contain and clean up the spill.
Also Saturday, BP told federal regulators it plans to continue using a contentious chemical dispersant, despite orders from the Environmental Protection Agency to look for less toxic alternatives. BP said in a letter to the EPA that Corexit 9500 "remains the best option for subsea application."
The EPA didn't immediately comment on BP's decision.
Oil that has rolled into shoreline wetlands coats the stalks and leaves of plants such as roseau cane - the fabric that holds together an ecosystem that is essential to the region's fishing industry and a much-needed buffer against Gulf hurricanes. Soon, oil will smother those plants and choke off their supply of air and nutrients.
In some eddies and protected inlets, the ochre-colored crude has pooled beneath the water's surface, forming clumps several inches deep.
With the seafloor leak still gushing at least hundreds of thousands of gallons a day, the damage is only getting worse. Millions of gallons already have leaked so far.
Coast Guard officials said the spill's impact now stretches across a 150-mile swath, from Dauphin Island, Ala. to Grand Isle, La.
Over time, experts say weather and natural microbes will break down most of the oil. However, the crude will surely poison plants and wildlife in the months - even years - it will take for the syrupy muck to dissipate.
Back in 1989, crews fighting the Exxon Valdez tanker spill - which unleashed almost 11 million gallons of oil into Alaska's Prince William Sound - used pressure hoses and rakes to clean the shores. The Gulf Coast is just too fragile for that: those tactics could blast apart the peat-like soils that hold the marshes together.
Hundreds of miles of bayous and man-made canals crisscross the coast's exterior, offering numerous entry points for the crude. Access is difficult and time-intensive, even in the best of circumstances.
"Just the compaction of humanity bringing equipment in, walking on them, will kill them," said David White, a wetlands ecologist from Loyola University in New Orleans.
Marshes offer a vital line of defense against Gulf storms, blunting their fury before they hit populated areas. Louisiana and the federal government have spent hundreds of millions of dollars rebuilding barriers that were wiped out by hurricanes, notably Katrina in 2005.
They also act as nursery grounds for shrimp, crabs, oysters - the backbone of the region's fishing industry. Hundreds of thousands of migratory birds nest in the wetlands' inner reaches, a complex network of bayous, bays and man-made canals.
To keep oil from pushing deep into Louisiana's marshes, Gov. Bobby Jindal and officials from several coastal parishes want permission to erect a $350 million network of sand berms linking the state's barrier islands and headlands.
That plan is awaiting approval from the U.S. Army Corps of Engineers.
After surveying oil-stricken areas Saturday, Plaquemines Parish President Billy Nungesser said the berms were the marshes' last hope.
"It's getting in between all the cane and it's working through from one bayou to the next," he said.
Smaller spills have been occurring in the marshes for decades. In the past, cleanup crews would sometimes slice out oiled vegetation and take it to a landfill, said Andy Nyman with Louisiana State University.
But with the plants gone, water from the gulf would roll in and wash away the roots, turning wetlands to open water.
Adm. Allen said that where conditions are right, crews could set fire to oil-coated plants.
Nyman and other experts, though, warn it's tricky. If the marsh is too wet, the oil won't burn. Too dry, the roots burn and the marsh can be ruined.
BP PLC - which leased the sunken rig and is responsible for the cleanup - said Saturday that cleanup crews have started more direct cleanup methods along Pass a Loutre in Plaquemines Parish. Shallow water skimmers were attempting to remove the oil from the top of the marsh.
Streams of water could later be used in a bid to wash oil from between cane stalks.
In other cases, the company will rely on "bioremediation" - letting oil-eating microbes do the work.
"Nature has a way of helping the situation," said BP spokesman John Curry.
But Nyman said the dispersants could slow the microbes from breaking down the oil.
White, the Loyola scientist, predicted at least short-term ruin for some of the wetlands he's been studying for three decades. Under a worst-case scenario, he said the damage could exceed the 217 square miles of wetlands lost during the 2005 hurricane season.
"When I say that my stomach turns," he said.
Saturday, May 22, 2010
Gulf Oil Spill At Least 10X Greater Than Thought: Expert
http://www.npr.org/blogs/thetwo-way/2010/05/gulf_oil_spill_more_than_10x_g.html
Gulf Oil Spill At Least 10X Greater Than Thought: Expert
May 13, 2010
By Frank James and Allison Richards
NPR's Richard Harris has learned that much more oil, 70,000 barrels a day or more than ten times the official estimate, is gushing into the Gulf of Mexico from the Deepwater Horizon pipe, based on scientific analysis of the video released Wednesday.
That's the equivalent of one Exxon Valdez tanker full every four days.
The U.S. Coast Guard has estimated that oil was gushing into the ocean at the rate of 5,000 barrels a day. But, again, NPR has been told that estimate is very low.
Others have estimated before now that oil was spilling at a much faster rate than the official Coast Guard rate of 5,000 barrels a day.
SkyTruth.org, for instance, had a post on May 1, May Day, which is apt since that's the call sign for calamity, that said the 11 million gallons spilled by the Exxon Valdez was surpassed by the gulf spill on that day. There are 42 gallons of crude oil in a barrel so 11 million gallons would equal about 261,904 barrels.
Assuming the flow rate has been steady since the gusher started on April 20, the gulf spill surpassed the Exxon Valdez in the first four days.
Gulf Oil Spill At Least 10X Greater Than Thought: Expert
May 13, 2010
By Frank James and Allison Richards
NPR's Richard Harris has learned that much more oil, 70,000 barrels a day or more than ten times the official estimate, is gushing into the Gulf of Mexico from the Deepwater Horizon pipe, based on scientific analysis of the video released Wednesday.
That's the equivalent of one Exxon Valdez tanker full every four days.
The U.S. Coast Guard has estimated that oil was gushing into the ocean at the rate of 5,000 barrels a day. But, again, NPR has been told that estimate is very low.
Others have estimated before now that oil was spilling at a much faster rate than the official Coast Guard rate of 5,000 barrels a day.
SkyTruth.org, for instance, had a post on May 1, May Day, which is apt since that's the call sign for calamity, that said the 11 million gallons spilled by the Exxon Valdez was surpassed by the gulf spill on that day. There are 42 gallons of crude oil in a barrel so 11 million gallons would equal about 261,904 barrels.
Assuming the flow rate has been steady since the gusher started on April 20, the gulf spill surpassed the Exxon Valdez in the first four days.
Saturday, May 8, 2010
Slick Operator: The BP I've known too well
by Greg Palast for Truthout.org
May 5, 2010
I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum. That's important to know, because the way BP caused devastation in Alaska is exactly the way BP is now sliming the entire Gulf Coast.
Tankers run aground, wells blow out, pipes burst. It shouldn't happen but it does. And when it does, the name of the game is containment. Both in Alaska, when the Exxon Valdez grounded, and in the Gulf over a week ago, when the Deepwater Horizon platform blew, it was British Petroleum that was charged with carrying out the Oil Spill Response Plans ("OSRP") which the company itself drafted and filed with the government.
What's so insane, when I look over that sickening slick moving toward the Delta, is that containing spilled oil is really quite simple and easy. And from my investigation, BP has figured out a very low cost way to prepare for this task: BP lies. BP prevaricates, BP fabricates and BP obfuscates.
That's because responding to a spill may be easy and simple, but not at all cheap. And BP is cheap. Deadly cheap.
To contain a spill, the main thing you need is a lot of rubber, long skirts of it called "boom." Quickly surround a spill or leak or burst, then pump it out into skimmers or disperse it, sink it or burn it. Simple.
But there's one thing about the rubber skirts: you've got to have lots of it at the ready, with crews on standby in helicopters and on containment barges ready to roll. They have to be in place round the clock, all the time, just like a fire department; even when all is operating A-OK. Because rapid response is the key. In Alaska, that was BP's job, as principal owner of the pipeline consortium Alyeska. It is, as well, BP's job in the Gulf, as principal lessee of the deepwater oil concession.
Before the Exxon Valdez grounding, BP's Alyeska group claimed it had these full-time oil spill response crews. Alyeska had hired Alaskan Natives, trained them to drop from helicopters into the freezing water and set boom in case of emergency. Alyeska also certified in writing that a containment barge with equipment was within five hours sailing of any point in the Prince William Sound. Alyeska also told the state and federal government it had plenty of boom and equipment cached on Bligh Island.
But it was all a lie. On that March night in 1989 when the Exxon Valdez hit Bligh Reef in the Prince William Sound, the BP group had, in fact, not a lick of boom there. And Alyeska had fired the Natives who had manned the full-time response teams, replacing them with phantom crews, lists of untrained employees with no idea how to control a spill. And that containment barge at the ready was, in fact, laid up in a drydock in Cordova, locked under ice, 12 hours away.
As a result, the oil from the Exxon Valdez, which could have and should have been contained around the ship, spread out in a sludge tide that wrecked 1,200 miles of shoreline.
And here we go again. Valdez goes Cajun.
BP's CEO Tony Hayward reportedly asked, "What the hell did we do to deserve this?"
It's what you didn't do, Mr. Hayward. Where was BP's containment barge and response crew? Why was the containment boom laid so damn late, too late and too little? Why is it that the US Navy is hauling in 12 miles of rubber boom and fielding seven skimmers, instead of BP?
Last year, CEO Hayward boasted that, despite increased oil production in exotic deep waters, he had cut BP's costs by an extra one billion dollars a year. Now we know how he did it.
As chance would have it, I was meeting last week with Louisiana lawyer Daniel Becnel Jr. when word came in of the platform explosion. Daniel represents oil workers on those platforms; now he'll represent their bereaved families. The Coast Guard called him. They had found the emergency evacuation capsule floating in the sea and were afraid to open it and disturb the cooked bodies.
I wonder if BP painted the capsule green, like they paint their gas stations.
Becnel, yesterday by phone from his office from the town of Reserve, LA, said the spill response crews were told they weren't needed because the company had already sealed the well. Like everything else from BP mouthpieces, it was a lie.
In the end, this is bigger than BP and its policy of cheaping-out and skiving the rules. This is about the anti-regulatory mania which has infected the American body politic. While the "tea baggers" are simply its extreme expression, US politicians of all stripes love to attack "the little bureaucrat with the fat rule book." It began with Ronald Reagan and was promoted, most vociferously, by Bill Clinton and the head of Clinton's de-regulation committee, one Al Gore.
Americans want government off our backs ... that is, until a folding crib crushes the skull of our baby; Toyota accelerators speed us to our death; banks blow our savings on gambling sprees; and crude oil smothers the Mississippi.
Then, suddenly, it's, "where was hell was the Government!" Why didn't the government do something to stop it?
The answer is, because government took you at your word they should get out of the way of business, that business could be trusted to police itself. It was only last month that BP, lobbying for new deepwater drilling, testified to Congress that additional equipment and inspection wasn't needed.
You should meet some of these little bureaucrats with the fat rulebooks. Like Dan Lawn, the inspector from the Alaska Department of Environmental Conservation who warned and warned and warned, before the Exxon Valdez grounding, that BP and Alyeska were courting disaster in their arrogant disregard of the rulebook. In 2006, I printed his latest warnings about BP's culture of negligence.
When the choice is between Dan Lawn's rule book and a bag of tea, Dan's my man.
*
This just in: Becnel tells me that one of the platform workers has informed him that the BP well was apparently deeper than the 18,000 feet depth reported. BP failed to communicate that additional depth to Halliburton crews who therefore poured in too small a cement cap for the additional pressure caused by the extra depth. So it blew.
Why didn't Halliburton check? "Gross negligence on everyone's part," says Becnel. Negligence driven by penny-pinching bottom-line squeezing. BP says its worker is lying. Someone's lying here: the man on the platform - or the company that has practiced prevarication from Alaska to Louisiana?
Greg Palast investigated the Exxon Valdez disaster for the Chucagh Native villages of Alaska's Prince William Sound. An expert on corporate regulation, Palast, now a journalist, authored the New York Times bestseller, The Best Democracy Money Can Buy.
Support Palast's work by making a tax-deductible donation.
May 5, 2010
I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum. That's important to know, because the way BP caused devastation in Alaska is exactly the way BP is now sliming the entire Gulf Coast.
Tankers run aground, wells blow out, pipes burst. It shouldn't happen but it does. And when it does, the name of the game is containment. Both in Alaska, when the Exxon Valdez grounded, and in the Gulf over a week ago, when the Deepwater Horizon platform blew, it was British Petroleum that was charged with carrying out the Oil Spill Response Plans ("OSRP") which the company itself drafted and filed with the government.
What's so insane, when I look over that sickening slick moving toward the Delta, is that containing spilled oil is really quite simple and easy. And from my investigation, BP has figured out a very low cost way to prepare for this task: BP lies. BP prevaricates, BP fabricates and BP obfuscates.
That's because responding to a spill may be easy and simple, but not at all cheap. And BP is cheap. Deadly cheap.
To contain a spill, the main thing you need is a lot of rubber, long skirts of it called "boom." Quickly surround a spill or leak or burst, then pump it out into skimmers or disperse it, sink it or burn it. Simple.
But there's one thing about the rubber skirts: you've got to have lots of it at the ready, with crews on standby in helicopters and on containment barges ready to roll. They have to be in place round the clock, all the time, just like a fire department; even when all is operating A-OK. Because rapid response is the key. In Alaska, that was BP's job, as principal owner of the pipeline consortium Alyeska. It is, as well, BP's job in the Gulf, as principal lessee of the deepwater oil concession.
Before the Exxon Valdez grounding, BP's Alyeska group claimed it had these full-time oil spill response crews. Alyeska had hired Alaskan Natives, trained them to drop from helicopters into the freezing water and set boom in case of emergency. Alyeska also certified in writing that a containment barge with equipment was within five hours sailing of any point in the Prince William Sound. Alyeska also told the state and federal government it had plenty of boom and equipment cached on Bligh Island.
But it was all a lie. On that March night in 1989 when the Exxon Valdez hit Bligh Reef in the Prince William Sound, the BP group had, in fact, not a lick of boom there. And Alyeska had fired the Natives who had manned the full-time response teams, replacing them with phantom crews, lists of untrained employees with no idea how to control a spill. And that containment barge at the ready was, in fact, laid up in a drydock in Cordova, locked under ice, 12 hours away.
As a result, the oil from the Exxon Valdez, which could have and should have been contained around the ship, spread out in a sludge tide that wrecked 1,200 miles of shoreline.
And here we go again. Valdez goes Cajun.
BP's CEO Tony Hayward reportedly asked, "What the hell did we do to deserve this?"
It's what you didn't do, Mr. Hayward. Where was BP's containment barge and response crew? Why was the containment boom laid so damn late, too late and too little? Why is it that the US Navy is hauling in 12 miles of rubber boom and fielding seven skimmers, instead of BP?
Last year, CEO Hayward boasted that, despite increased oil production in exotic deep waters, he had cut BP's costs by an extra one billion dollars a year. Now we know how he did it.
As chance would have it, I was meeting last week with Louisiana lawyer Daniel Becnel Jr. when word came in of the platform explosion. Daniel represents oil workers on those platforms; now he'll represent their bereaved families. The Coast Guard called him. They had found the emergency evacuation capsule floating in the sea and were afraid to open it and disturb the cooked bodies.
I wonder if BP painted the capsule green, like they paint their gas stations.
Becnel, yesterday by phone from his office from the town of Reserve, LA, said the spill response crews were told they weren't needed because the company had already sealed the well. Like everything else from BP mouthpieces, it was a lie.
In the end, this is bigger than BP and its policy of cheaping-out and skiving the rules. This is about the anti-regulatory mania which has infected the American body politic. While the "tea baggers" are simply its extreme expression, US politicians of all stripes love to attack "the little bureaucrat with the fat rule book." It began with Ronald Reagan and was promoted, most vociferously, by Bill Clinton and the head of Clinton's de-regulation committee, one Al Gore.
Americans want government off our backs ... that is, until a folding crib crushes the skull of our baby; Toyota accelerators speed us to our death; banks blow our savings on gambling sprees; and crude oil smothers the Mississippi.
Then, suddenly, it's, "where was hell was the Government!" Why didn't the government do something to stop it?
The answer is, because government took you at your word they should get out of the way of business, that business could be trusted to police itself. It was only last month that BP, lobbying for new deepwater drilling, testified to Congress that additional equipment and inspection wasn't needed.
You should meet some of these little bureaucrats with the fat rulebooks. Like Dan Lawn, the inspector from the Alaska Department of Environmental Conservation who warned and warned and warned, before the Exxon Valdez grounding, that BP and Alyeska were courting disaster in their arrogant disregard of the rulebook. In 2006, I printed his latest warnings about BP's culture of negligence.
When the choice is between Dan Lawn's rule book and a bag of tea, Dan's my man.
*
This just in: Becnel tells me that one of the platform workers has informed him that the BP well was apparently deeper than the 18,000 feet depth reported. BP failed to communicate that additional depth to Halliburton crews who therefore poured in too small a cement cap for the additional pressure caused by the extra depth. So it blew.
Why didn't Halliburton check? "Gross negligence on everyone's part," says Becnel. Negligence driven by penny-pinching bottom-line squeezing. BP says its worker is lying. Someone's lying here: the man on the platform - or the company that has practiced prevarication from Alaska to Louisiana?
Greg Palast investigated the Exxon Valdez disaster for the Chucagh Native villages of Alaska's Prince William Sound. An expert on corporate regulation, Palast, now a journalist, authored the New York Times bestseller, The Best Democracy Money Can Buy.
Support Palast's work by making a tax-deductible donation.
Friday, May 7, 2010
BP warned of rig fault ten years ago
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article7114087.ece
The Sunday Times
May 2, 2010
BP warned of rig fault ten years ago
Danny Fortson
BP faces fresh questions over the cause of the Gulf of Mexico oil spill after it emerged that problems with the type of equipment that led to the disaster were first reported a decade ago.
In June 2000, the oil giant issued a "notice of default" to Transocean, the operator of the rig that blew up last month. The dispute was over problems with a blowout preventer, a set of iron slabs that should close out-of-control wells. It failed on the Gulf of Mexico rig, triggering the explosion and oil spill.
Transocean acknowledged at the time that the preventer did "not work exactly right". The rig in question, the Discover Enterprise, was unable to operate for extended periods while the problem was fixed.
The preventer was made by Hydril, now owned by GE's oil and gas arm, and Cameron International, a Houston company. Cameron also made the preventer on the Deepwater Horizon, the rig that exploded. Its preventer was fitted at about the same time BP was complaining of problems with its sister vessel.
BP's past problems with the preventer emerged as a giant oil slick, fed by the uncapped well, began lapping the coast of Louisiana, threatening to create America's worst environmental disaster since the Exxon Valdez oil spill in 1989.
The US Coast Guard estimated that it is releasing 5,000 barrels of oil a day into the sea - though some experts claim it may be flowing at fives times that rate.
Fears were growing this weekend that the well head could fall apart, potentially unleashing an unresticted flow into the ocean.
Tony Hayward, BP's chief executive, flew to Houston today to manage the worsening crisis. More than $23billion (£15billion) has been wiped off BP's market value amid growing worries over the costs of the clean-up. Estimates range from $3billion to $12billion. Hayward pledged to pay all "legitimate" claims arising from the spill.
Louisiana, Alabama, Mississippi and Florida have all declared states of emergency as winds pushed the slick toward sensitive marshlands and fishing areas.
President Barack Obama issued a moratorium on new drilling until the cause of the disaster was determined. He also ordered the Department of Defense to use cargo planes to spray chemical dispersant.
The government, BP and Transocean have all launched investigations. These are focused primarily on the preventer that did not shut, allowing a torrent of high-pressure oil and gas to shoot up through the rig floor and cause the explosion. BP has sent a small fleet of submersible robots to the well, 5,000ft down, to try to activate the preventer, but they have been unsuccessful.
A Cameron spokesman said that this was the first time one of its preventors had failed to stop a blowout.
The Sunday Times
May 2, 2010
BP warned of rig fault ten years ago
Danny Fortson
BP faces fresh questions over the cause of the Gulf of Mexico oil spill after it emerged that problems with the type of equipment that led to the disaster were first reported a decade ago.
In June 2000, the oil giant issued a "notice of default" to Transocean, the operator of the rig that blew up last month. The dispute was over problems with a blowout preventer, a set of iron slabs that should close out-of-control wells. It failed on the Gulf of Mexico rig, triggering the explosion and oil spill.
Transocean acknowledged at the time that the preventer did "not work exactly right". The rig in question, the Discover Enterprise, was unable to operate for extended periods while the problem was fixed.
The preventer was made by Hydril, now owned by GE's oil and gas arm, and Cameron International, a Houston company. Cameron also made the preventer on the Deepwater Horizon, the rig that exploded. Its preventer was fitted at about the same time BP was complaining of problems with its sister vessel.
BP's past problems with the preventer emerged as a giant oil slick, fed by the uncapped well, began lapping the coast of Louisiana, threatening to create America's worst environmental disaster since the Exxon Valdez oil spill in 1989.
The US Coast Guard estimated that it is releasing 5,000 barrels of oil a day into the sea - though some experts claim it may be flowing at fives times that rate.
Fears were growing this weekend that the well head could fall apart, potentially unleashing an unresticted flow into the ocean.
Tony Hayward, BP's chief executive, flew to Houston today to manage the worsening crisis. More than $23billion (£15billion) has been wiped off BP's market value amid growing worries over the costs of the clean-up. Estimates range from $3billion to $12billion. Hayward pledged to pay all "legitimate" claims arising from the spill.
Louisiana, Alabama, Mississippi and Florida have all declared states of emergency as winds pushed the slick toward sensitive marshlands and fishing areas.
President Barack Obama issued a moratorium on new drilling until the cause of the disaster was determined. He also ordered the Department of Defense to use cargo planes to spray chemical dispersant.
The government, BP and Transocean have all launched investigations. These are focused primarily on the preventer that did not shut, allowing a torrent of high-pressure oil and gas to shoot up through the rig floor and cause the explosion. BP has sent a small fleet of submersible robots to the well, 5,000ft down, to try to activate the preventer, but they have been unsuccessful.
A Cameron spokesman said that this was the first time one of its preventors had failed to stop a blowout.
Gulf spill: Worse than Exxon Valdez?
http://www.msnbc.msn.com/id/36850248/ns/us_news-environment
Gulf spill: Worse than Exxon Valdez?
Some say environmental impact could surpass '89 disaster
James Eng
Thurs., April 29, 2010
The oil leak triggered by a deadly rig blast off the coast of Louisiana has the potential to cause more environmental damage than the 1989 Exxon Valdez spill, one of the largest ecological disasters ever recorded, some observers say.
"As it is now, it's already looking like this could be the worst oil spill since the Valdez," John Hocevar, oceans campaign director for Greenpeace USA, told msnbc.com on Thursday.
"It’s quite possible this will end up being worse than the Valdez in terms of environmental impact since it seems like BP will be unable to cap the spill for months. In terms of total quantity of oil released, it seems this will probably fall short of Exxon Valdez. But because of the habitat, the environmental impact will be worse."
"Probably the only thing comparable to this is the Kuwait fires [following the Gulf War in 1991]," Mike Miller, head of Canadian oil well fire-fighting company Safety Boss, told the BBC World Service.
"The Exxon Valdez is going to pale in comparison to this as it goes on."
The spill was triggered by an explosion last week off the Louisiana coast that sank an oil rig operated by BP. Eleven workers are missing and presumed dead.
So far the leak from a blown-out well 5,000 feet under the sea is not nearly as big as the Exxon Valdez disaster, which spilled about 11 million gallons of oil into Alaska's Prince William Sound 21 years ago. BP's well is spewing about 210,000 gallons of oil a day into the ocean, the Coast Guard estimates.
But if the leak is not capped, millions of gallons of oil could spill into the Gulf of Mexico. The environmental impact could be disastrous if the oil reaches the ecologically fragile U.S. coastline.
Potential for catastrophe
"If we lose the integrity of that wellhead, it could be a catastrophic spill,'' Adm. Thad Allen, commandant of the Coast Guard, which is directing efforts to contain the spreading spill, told The Miami Herald's editorial board Wednesday.
Greenpeace's Hocevar said he's particularly concerned about the impact to critically endangered bluefin tuna. "It's their spawning season and bluefin larvae in this part of their life-cycle would be near the surface of water," Hocevar said.
The oil could also harm sea turtles, which are approaching nesting season; fin whales; menhaden, a fish species harvested mostly for fish meal and fish oil; bottom-feeding oysters; and numerous species of birds, Hocevar said.
Experts said the spill could also destroy the livelihood of commercial fishermen and shrimp catchers and impact recreational fishermen. According to the Louisiana Department of Wildlife and Fisheries, the state’s fishing industry is worth $265 billion at dockside and has a total economic impact of $2.3 trillion.
Tourism also could take a blow if beaches are fouled.
Already, a federal class-action lawsuit has been filed on behalf of two commercial shrimpers from Louisiana seeking at least $5 million in compensatory damages plus an unspecified amount of punitive damages against Transocean, BP and other companies linked to the rig blast.
Louisiana opened a special shrimp season along parts of the coast to allow shrimpers to harvest the profitable white shrimp before the spill reaches the area.
Which way the wind blows
Alaska's Exxon Valdez spill contaminated more than 1,200 miles of shoreline and killed hundreds of thousands of seabirds and marine animals. More than $2 billion has been spent on cleanup and recovery, and Exxon has paid at least $1 billion in damages.
Jeffrey Short, science director for the Oceana conservation group based in Juneau, Alaska, and a former chemist and environmental expert for the National Oceanic and Atmospheric Administration, told USA Today the latest spill is "basically déjà vu all over again."
"The time scale for the Exxon Valdez, having lived through it, it took days and weeks to unfold and for us to really realize the nature of it. We're still in early days here. So far the trajectory of events has been pretty foreseeable."
James Opaluch, a professor of natural-resource economics at the University of Rhode Island, has studied more than a dozen oil spills, including the Exxon Valdez. He said the severity of the environmental consequences of the Gulf spill depends largely on how much oil reaches shore.
At this point, Opaluch told msnbc.com by e-mail, the most comparable spill is the Ixtoc I oil spill in 1979, caused by a blowout and subsequent fire from a drilling rig in Mexican waters of the Gulf of Mexico. By the time the well was brought under control in March 1980, an estimated 140 million galons of oil had spilled — more than 10 times larger than Exxon Valdez. Most of the oil stayed offshore for a long time, and at least some oil eventually came onshore on Texas beaches. "Damages from Ixtoc were relatively modest, certainly much less than Exxon Valdez as far as we can tell," Opaluch said.
"I think the most important issues for the present spill are, one, how long the spill continues for, therefore how much is spilled; two, whether the spill comes ashore, and three, if it does come ashore, where it comes ashore," he said.
"The best-case scenario is for all of the oil to go into the deep waters in the Gulf. The worst-case scenario is for much of the oil to come ashore in wetlands. An intermediate case is if the oil comes ashore primarily on rocky shorelines or sandy beaches."
Hocevar said he's still hopeful officials will find a way to plug the well leak, but he said a lot of environmental damage has already been done.
"This is the real cost of oil," Hocevar said. "The Gulf may be the one place where we are best prepared to deal with an oil spill. This is a stark reminder of what little you can do once a spill happens."
Gulf spill: Worse than Exxon Valdez?
Some say environmental impact could surpass '89 disaster
James Eng
Thurs., April 29, 2010
The oil leak triggered by a deadly rig blast off the coast of Louisiana has the potential to cause more environmental damage than the 1989 Exxon Valdez spill, one of the largest ecological disasters ever recorded, some observers say.
"As it is now, it's already looking like this could be the worst oil spill since the Valdez," John Hocevar, oceans campaign director for Greenpeace USA, told msnbc.com on Thursday.
"It’s quite possible this will end up being worse than the Valdez in terms of environmental impact since it seems like BP will be unable to cap the spill for months. In terms of total quantity of oil released, it seems this will probably fall short of Exxon Valdez. But because of the habitat, the environmental impact will be worse."
"Probably the only thing comparable to this is the Kuwait fires [following the Gulf War in 1991]," Mike Miller, head of Canadian oil well fire-fighting company Safety Boss, told the BBC World Service.
"The Exxon Valdez is going to pale in comparison to this as it goes on."
The spill was triggered by an explosion last week off the Louisiana coast that sank an oil rig operated by BP. Eleven workers are missing and presumed dead.
So far the leak from a blown-out well 5,000 feet under the sea is not nearly as big as the Exxon Valdez disaster, which spilled about 11 million gallons of oil into Alaska's Prince William Sound 21 years ago. BP's well is spewing about 210,000 gallons of oil a day into the ocean, the Coast Guard estimates.
But if the leak is not capped, millions of gallons of oil could spill into the Gulf of Mexico. The environmental impact could be disastrous if the oil reaches the ecologically fragile U.S. coastline.
Potential for catastrophe
"If we lose the integrity of that wellhead, it could be a catastrophic spill,'' Adm. Thad Allen, commandant of the Coast Guard, which is directing efforts to contain the spreading spill, told The Miami Herald's editorial board Wednesday.
Greenpeace's Hocevar said he's particularly concerned about the impact to critically endangered bluefin tuna. "It's their spawning season and bluefin larvae in this part of their life-cycle would be near the surface of water," Hocevar said.
The oil could also harm sea turtles, which are approaching nesting season; fin whales; menhaden, a fish species harvested mostly for fish meal and fish oil; bottom-feeding oysters; and numerous species of birds, Hocevar said.
Experts said the spill could also destroy the livelihood of commercial fishermen and shrimp catchers and impact recreational fishermen. According to the Louisiana Department of Wildlife and Fisheries, the state’s fishing industry is worth $265 billion at dockside and has a total economic impact of $2.3 trillion.
Tourism also could take a blow if beaches are fouled.
Already, a federal class-action lawsuit has been filed on behalf of two commercial shrimpers from Louisiana seeking at least $5 million in compensatory damages plus an unspecified amount of punitive damages against Transocean, BP and other companies linked to the rig blast.
Louisiana opened a special shrimp season along parts of the coast to allow shrimpers to harvest the profitable white shrimp before the spill reaches the area.
Which way the wind blows
Alaska's Exxon Valdez spill contaminated more than 1,200 miles of shoreline and killed hundreds of thousands of seabirds and marine animals. More than $2 billion has been spent on cleanup and recovery, and Exxon has paid at least $1 billion in damages.
Jeffrey Short, science director for the Oceana conservation group based in Juneau, Alaska, and a former chemist and environmental expert for the National Oceanic and Atmospheric Administration, told USA Today the latest spill is "basically déjà vu all over again."
"The time scale for the Exxon Valdez, having lived through it, it took days and weeks to unfold and for us to really realize the nature of it. We're still in early days here. So far the trajectory of events has been pretty foreseeable."
James Opaluch, a professor of natural-resource economics at the University of Rhode Island, has studied more than a dozen oil spills, including the Exxon Valdez. He said the severity of the environmental consequences of the Gulf spill depends largely on how much oil reaches shore.
At this point, Opaluch told msnbc.com by e-mail, the most comparable spill is the Ixtoc I oil spill in 1979, caused by a blowout and subsequent fire from a drilling rig in Mexican waters of the Gulf of Mexico. By the time the well was brought under control in March 1980, an estimated 140 million galons of oil had spilled — more than 10 times larger than Exxon Valdez. Most of the oil stayed offshore for a long time, and at least some oil eventually came onshore on Texas beaches. "Damages from Ixtoc were relatively modest, certainly much less than Exxon Valdez as far as we can tell," Opaluch said.
"I think the most important issues for the present spill are, one, how long the spill continues for, therefore how much is spilled; two, whether the spill comes ashore, and three, if it does come ashore, where it comes ashore," he said.
"The best-case scenario is for all of the oil to go into the deep waters in the Gulf. The worst-case scenario is for much of the oil to come ashore in wetlands. An intermediate case is if the oil comes ashore primarily on rocky shorelines or sandy beaches."
Hocevar said he's still hopeful officials will find a way to plug the well leak, but he said a lot of environmental damage has already been done.
"This is the real cost of oil," Hocevar said. "The Gulf may be the one place where we are best prepared to deal with an oil spill. This is a stark reminder of what little you can do once a spill happens."
Wednesday, February 10, 2010
Nissan Gets $1.4 Billion Loan from Feds
http://www.popsci.com/technology/article/2010-01/nissan-gets-15-billion-loan-feds-build-electric-carsNissan Gets $1.4 Billion Loan from Feds to Build Electric Cars
A retooled Nissan factory is expected to create up to 1,300 jobs in the U.S.
By Jeremy Hsu
01.29.2010
Nissan can officially start its engines for its all-electric car, Leaf. The U.S. Department of Energy (DOE) has finalized a $1.4 billion loan to the car manufacturer that should help it retool a Smyrna, Tennessee factory to build electric cars, and also revamp an advanced battery manufacturing center. Nissan's projects are expected to create up to 1,300 American jobs.
The 2011 Nissan Leaf won one of PopSci's "Best of What's New" awards last year, and for good reason. Nissan's vehicle may is the first truly mass-market electric car aimed at commuters, with a 100-mile range on its lithium-ion batteries and a price tag supposedly under $30,000. A PopSci test drive showed that the small car is surprisingly highway-worthy. And Nissan plans to eventually ramp up production to 150,000 electric vehicles annually.
Nissan represents the third vehicle manufacturer to sign a DOE loan agreement -- Ford and Tesla Motors each received $5.9 billion and $465 million, respectively. Ford has its electric Focus lined up for next year, and Tesla has also been working on its Model S electric sedan for a 2011 debut.
The DOE also throws in the fun fact that Nissan's loan-backed efforts should save 65.4 million gallons of gas per year, or about six times the oil spilled by the Exxon Valdez back in 1989. But somehow that leaves us just feeling mildly angrier about the oil spill rather than inspired by the fuel savings ... at least until we can ditch the hybrids.
Thursday, December 10, 2009
Gargantuan Industry Of Climate Alarmism Exposed
http://www.prisonplanet.com/gargantuan-industry-of-climate-alarmism-exposed-by-climategate.htmlGargantuan Industry Of Climate Alarmism Exposed By ClimateGate
“Scientific Consensus”, rather than skepticism, is driven by profit and big business
Steve Watson,
Prison Planet.com
Wednesday, Dec 2, 2009
The leaking of thousands of emails from the University of East Anglia’s Climate Research Unit has shined a light on an industry of climate change alarmism, highlighting the hypocritical claims of corporate cronyism on behalf of proponents of the anthropological global warming theory (AGW).
A common accusation made by AGW theorists, or “the consensus” as they like to be known, is that dissenting groups are only interested in the financial kickbacks they can secure from big oil companies.
For example, in 2008, ExxonMobil donated around $7 million, less then 0.01% of it’s annual profits, to a selection of think tanks and institutes. Among these donations was a combined $125,000 to the National Center for Policy Analysis and the Heritage Institute, right of centre public policy groups that have questioned the “consensus” on climate change.
The NCPA website states: “NCPA scholars believe that while the causes and consequences of the earth’s current warming trend is still unknown, the cost of actions to substantially reduce CO2 emissions would be quite high and result in economic decline, accelerated environmental destruction, and do little or nothing to prevent global warming regardless of its cause.”
The London Guardian and other left leaning mainstream media outlets have pounced on Exxon’s small donations to such groups, reporting it as detestable corporate funding of “climate change denial”.
However, when it comes to the funding of AGW proponents, the figures are infinitely greater, many of the sources take their money directly from our pockets, and yet the Guardian and its ilk, conveniently, remain completely silent.
The leaked emails from the Hadley centre reveal that (now former) CRU chief Phil Jones has received 55 endowments since 1990 from agencies ranging from the U.S. Department of Energy to NATO, worth a total of £13,718,547, or approximately $22.6 million.
$19 million alone came between the years 2000 and 2006.
Massaging the scientific data, hiding a decline in temperatures, hijacking the peer-review system and blackballing dissenting scientific opinion does not look good for Jones in the context of such financial gain.
Another document leaked from the CRU, titled potential-funding.doc, lists sources of potential funding and shows that the scientists considered pressing “energy agencies” that specifically deal in new technology to reduce carbon emissions.
Three agencies listed as potential sources of funding are UK based Carbon Trust, the Northern Energy Initiative, and the Energy Saving Trust. Renewables North West, an American company promoting the expansion of solar, wind, and geothermal energy, is listed as a fourth potential benefactor.
Of course, all these potential financial backers have a vested interest in maintaining the conception that human-induced global warming is a reality backed by science.
In an article entitled Climategate: Follow the Money, columnist Bret Stephens at the Wall Street Journal points out that the funding of climate skeptics is a drop in the ocean compared to the huge industry that human-driven climate change science has spawned.
“The European Commission’s most recent appropriation for climate research comes to nearly $3 billion, and that’s not counting funds from the EU’s member governments. In the U.S., the House intends to spend $1.3 billion on NASA’s climate efforts, $400 million on NOAA’s, and another $300 million for the National Science Foundation. American states also have a piece of the action, with California—apparently not feeling bankrupt enough—devoting $600 million to their own climate initiative. In Australia, alarmists have their own Department of Climate Change at their funding disposal.” Stephens writes.
“And all this is only a fraction of the $94 billion that HSBC estimates has been spent globally this year on what it calls ‘green stimulus’—largely ethanol and other alternative energy schemes—of the kind from which Al Gore and his partners at Kleiner Perkins hope to profit handsomely.”
Billions of dollars in grants for one research institute or university does not go unnoticed by the rest, and there is a valid point to be considered in the notion that this is where the “scientific consensus” has it’s roots.
“Today these groups form a kind of ecosystem of their own.” comments Stephens.
Al Gore, the first carbon billionaire, has proven that he is only interested in solutions to environmental problems that line his pockets. The industry beneath him depends on anthropological global warming like the dot com industry depended on the internet he claims to have invented.
If you follow the money it becomes clear that it is the “consensus” that is being driven by gargantuan financial backing, not the skeptics, as climate change alarmists would have everyone believe.
Thursday, June 25, 2009
Oil and Indians Don't Mix
by Greg Palast
Friday, June 12, 2009
For Air America Radio's Ring of Fire
There's an easy way to find oil. Go to some remote and gorgeous natural sanctuary, say Alaska or the Amazon, find some Indians, then drill down under them.
If the indigenous folk complain, well, just shoo-them away. Shoo-ing methods include: bulldozers, bullets, crooked politicians and fake land sales.
But be aware. Lately the Natives are shoo-ing back. Last week, indigenous Peruvians seized an oil pumping station, grabbed the nine policemen guarding it and, say reports, executed them. This followed the government's murder of more than a dozen rainforest residents who had protested the seizure of their property for oil drilling.
Again and again I see it in my line of work of investigating fraud. Here are a few pit-stops on the oily trail of tears:
In the 1980s, Charles Koch was found to have pilfered about $3 worth of crude from Stanlee Ann Mattingly's oil tank in Oklahoma. Here's the weird part. Koch was (and remains) the 14th richest man on the planet, worth about $14 billion. Stanlee Ann was a dirt-poor Osage Indian.
Stanlee Ann wasn't Koch's only victim. According to secret tape recordings of a former top executive of his company, Koch Industries, the billionaire demanded that oil tanker drivers secretly siphon a few bucks worth of oil from every tank attached to a stripper well on the Osage Reservation where Koch had a contract to retrieve crude.
Koch, according to the tape, would, "giggle" with joy over the records of the theft. Koch's own younger brother Bill ratted him out, complaining that, in effect, brothers Charles and David cheated him out of his fair share of the looting which totaled over three-quarters of a billion dollars from the Native lands.
The FBI filmed the siphoning with hidden cameras, but criminal charges were quashed after quiet objections from Republican senators.
Then there are the Chugach Natives of Alaska. The Port of Valdez, Alaska, is arguably one of the most valuable pieces of real estate on Earth, the only earthquake-safe ice-free port in Alaska that could load oil from the giant North Slope field. In 1969, Exxon and British Petroleum companies took the land from the Chugach paid them one dollar. I kid you not.
Wally Hickel, the former Governor of Alaska, dismissed my suggestion that the Chugach deserved a bit more respect (and cash) for their property. "Land ownership comes in two ways, Mr. Palast." explained the governor and pipeline magnate, "Purchase or conquest. The fact that your granddaddy chased a caribou across the land doesn't make it yours." The Chugach had lived there for 3,000 years.
No oil company would dream of digging on the Bush family properties in Midland, Texas, without paying a royalty. Or drilling near Malibu without the latest in environmental protections. But when Natives are on top of Exxon's or BP's glory hole, suddenly, the great defenders of private property rights turn quite Bolshevik: lands can be seized for The Public's Need for Oil.
Some Natives are "re-located" through legal flim-flam, some at gunpoint. The less lucky are left to wallow, literally, in the gunk left by the drilling process.
Take a look at this photo here, taken in the Amazon rainforest in Ecuador. It's from an investigation that I conducted for BBC TV, now in the film "Palast Investigates." I'm holding up a stinking, black glop of crude oil residue pulled from an abandoned Chevron-Texaco waste pit. A pipe runs from the toxic pit right into the water supply of Cofan Indians.
Chief Emergildo Criollo told me how oil company executives helicoptered into his remote village and, speaking in Spanish - which the Cofan didn't understand - "purchased" drilling rights with trinkets and cheese. The Natives had never seen cheese. ("The cheese smelled funny, so we threw it in the jungle.")
After drilling began, Criollo's son went swimming in his usual watering hole, came up vomiting blood, and died.
I asked Chevron about the wave of poisonings and deaths. According to an independent report, 1,401 deaths, mostly of children, mostly from cancers, can be traced to Chevron's toxic dumping.
Chevron's lawyer told me, "And it's the only case of cancer in the world? How many cases of children with cancer do you have in the States? ... They have to prove that it is our crude," which, he noted with glee, "is absolutely impossible."
Big Oil treats indigenous blood like a cheap gasoline additive. That's why the Peruvians are up in arms. The Cofan of Ecuador, unlike their brothers in Peru, have taken no hostages. Rather, they have heavily armed themselves with lawyers.
But Chevron and its Big Oil brethren remain dismissive of the law. This week, Shell Oil, to get rid of a nasty PR problem by paying $15 million to the Ogoni people and the family of Ken Saro-Wiwa for the oil giant's alleged role in the killing of Wiwa and his associates, activists who had defended these Nigeria Delta people against drilling contamination. Shell pocketed $31 billion last year in profits and hopes the payoff will clear the way for a drilling partnership with Nigeria's government.
Congratulations, Shell. $15 million: For a license to kill and drill, that's a quite a bargain.
***
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www.GregPalast.com
Friday, June 12, 2009
For Air America Radio's Ring of Fire
There's an easy way to find oil. Go to some remote and gorgeous natural sanctuary, say Alaska or the Amazon, find some Indians, then drill down under them.
If the indigenous folk complain, well, just shoo-them away. Shoo-ing methods include: bulldozers, bullets, crooked politicians and fake land sales.
But be aware. Lately the Natives are shoo-ing back. Last week, indigenous Peruvians seized an oil pumping station, grabbed the nine policemen guarding it and, say reports, executed them. This followed the government's murder of more than a dozen rainforest residents who had protested the seizure of their property for oil drilling.
Again and again I see it in my line of work of investigating fraud. Here are a few pit-stops on the oily trail of tears:
In the 1980s, Charles Koch was found to have pilfered about $3 worth of crude from Stanlee Ann Mattingly's oil tank in Oklahoma. Here's the weird part. Koch was (and remains) the 14th richest man on the planet, worth about $14 billion. Stanlee Ann was a dirt-poor Osage Indian.
Stanlee Ann wasn't Koch's only victim. According to secret tape recordings of a former top executive of his company, Koch Industries, the billionaire demanded that oil tanker drivers secretly siphon a few bucks worth of oil from every tank attached to a stripper well on the Osage Reservation where Koch had a contract to retrieve crude.
Koch, according to the tape, would, "giggle" with joy over the records of the theft. Koch's own younger brother Bill ratted him out, complaining that, in effect, brothers Charles and David cheated him out of his fair share of the looting which totaled over three-quarters of a billion dollars from the Native lands.
The FBI filmed the siphoning with hidden cameras, but criminal charges were quashed after quiet objections from Republican senators.
Then there are the Chugach Natives of Alaska. The Port of Valdez, Alaska, is arguably one of the most valuable pieces of real estate on Earth, the only earthquake-safe ice-free port in Alaska that could load oil from the giant North Slope field. In 1969, Exxon and British Petroleum companies took the land from the Chugach paid them one dollar. I kid you not.
Wally Hickel, the former Governor of Alaska, dismissed my suggestion that the Chugach deserved a bit more respect (and cash) for their property. "Land ownership comes in two ways, Mr. Palast." explained the governor and pipeline magnate, "Purchase or conquest. The fact that your granddaddy chased a caribou across the land doesn't make it yours." The Chugach had lived there for 3,000 years.
No oil company would dream of digging on the Bush family properties in Midland, Texas, without paying a royalty. Or drilling near Malibu without the latest in environmental protections. But when Natives are on top of Exxon's or BP's glory hole, suddenly, the great defenders of private property rights turn quite Bolshevik: lands can be seized for The Public's Need for Oil.
Some Natives are "re-located" through legal flim-flam, some at gunpoint. The less lucky are left to wallow, literally, in the gunk left by the drilling process.
Take a look at this photo here, taken in the Amazon rainforest in Ecuador. It's from an investigation that I conducted for BBC TV, now in the film "Palast Investigates." I'm holding up a stinking, black glop of crude oil residue pulled from an abandoned Chevron-Texaco waste pit. A pipe runs from the toxic pit right into the water supply of Cofan Indians.
Chief Emergildo Criollo told me how oil company executives helicoptered into his remote village and, speaking in Spanish - which the Cofan didn't understand - "purchased" drilling rights with trinkets and cheese. The Natives had never seen cheese. ("The cheese smelled funny, so we threw it in the jungle.")
After drilling began, Criollo's son went swimming in his usual watering hole, came up vomiting blood, and died.
I asked Chevron about the wave of poisonings and deaths. According to an independent report, 1,401 deaths, mostly of children, mostly from cancers, can be traced to Chevron's toxic dumping.
Chevron's lawyer told me, "And it's the only case of cancer in the world? How many cases of children with cancer do you have in the States? ... They have to prove that it is our crude," which, he noted with glee, "is absolutely impossible."
Big Oil treats indigenous blood like a cheap gasoline additive. That's why the Peruvians are up in arms. The Cofan of Ecuador, unlike their brothers in Peru, have taken no hostages. Rather, they have heavily armed themselves with lawyers.
But Chevron and its Big Oil brethren remain dismissive of the law. This week, Shell Oil, to get rid of a nasty PR problem by paying $15 million to the Ogoni people and the family of Ken Saro-Wiwa for the oil giant's alleged role in the killing of Wiwa and his associates, activists who had defended these Nigeria Delta people against drilling contamination. Shell pocketed $31 billion last year in profits and hopes the payoff will clear the way for a drilling partnership with Nigeria's government.
Congratulations, Shell. $15 million: For a license to kill and drill, that's a quite a bargain.
***
Your donation supports this important work. Forget the ties and stop the lies - Palast Investigates. "Stories so relevant they threaten to alter history." (Chicago Tribune.) "The All-Time Greatest Moment in [Film] History." - Op-Ed News.
www.GregPalast.com
Friday, March 27, 2009
STICK YOUR DAMN HAND IN IT
STICK YOUR DAMN HAND IN IT
20th Birthday of the Exxon Valdez Lie
by Greg Palast
March 23, 2009
"Gail, Please! Stick your hand in it!"
The petite Eskimo-Chugach woman gave me that you-dumb-ass-white-boy look.
"Gail, Gail. STICK YOUR DAMN HAND IN IT!"
She stuck it in, under the gravel of the beach at Sleepy Bay, her village's fishing ground. Gail's hand came up dripping with black, sickening goo. It could make you vomit. Oil from the Exxon Valdez.
It was already two years after the spill and Exxon had crowed that Mother Nature had happily cleaned up their stinking oil mess for them. It was a lie. But the media wouldn't question the bald-faced bullshit. And who the hell was going to investigate Exxon's claim way out in some godforsaken Native village in the Prince William Sound?
So I convinced the Natives to fly the lazy-ass reporters out to Sleepy Bay on rented float planes to see the oil that Exxon said wasn't there.
The reporters looked, but didn't see it, because it was three inches under their feet, under the shingle rock of the icy beach. Gail pulled out her hand and now the whole place smelled like a gas station. The network crews wanted to puke.
And now, with their eyes open, they saw the oil, the vile feces-colored smear across the glaciated ridge faces, the poisonous "bathtub ring" that ran for miles and miles at the high tide level. And it's still there. Less for sure. But twenty years later, IT'S STILL THERE, GODDAMNIT. And I want YOU, dear reader, to stick your hand in it. I want YOU, President Obama, to stick your hand in it before you blithely fulfill your Palin-esque campaign promise for a little more offshore drilling.
***
Tuesday marks the 20th Anniversary of the Exxon Valdez grounding and the smearing of 1,200 miles of Alaska's coastline with its oil.
It also marks the 20th Anniversary of a lie. Lots of lies: catalogued in a four-volume investigation of the disaster; four volumes you'll never see. I wrote that report, with my team of investigators working with the Natives preparing fraud and racketeering charges against Exxon. You'll never see the report because Exxon lawyers threatened the Natives, "Mention the f-word [fraud] and you'll never get a dime" of compensation to clean up the villages. The Natives agreed to drop the fraud charge -- and Exxon stiffed them on the money. You're surprised, right?
***
Doubtless, for the 20th Anniversary of the Great Spill, the media will schlep out that old story that the tanker ran aground because its captain was drunk at the wheel. Bullshit. Yes, the captain was "three sheets to the wind" -- but sleeping it off below-decks. The ship was in the hands of the third mate who was driving blind. That is, the Exxon Valdez' Raycas radar system was turned off; turned off because it was busted and had been busted since its maiden voyage. Exxon didn't want to spend the cash to fix it. So the man at the helm, electronically blindfolded, drove it up onto the reef.
So why the story of the drunken skipper? Because it lets Exxon off the hook: Calling it a case of "drunk driving" turns the disaster into a case of human error, not corporate penny-pinching
Indeed, the "human error" tale was the hook used by the Bush-stacked Supreme Court to slash the punitive damages awarded against Exxon by 90%, from $5 billion, to half a billion for 30,000 Natives and fishermen. Chief Justice John Roberts erased almost all of the payment due with the la-dee-dah comment, "What more can a corporation do?"
Well, here's what they could have done: Besides fix the radar, Exxon could have set out equipment to contain the spill. Containing a spill is actually quite simple. Stick a rubber skirt around the oil slick and suck it back up. The law requires it and Exxon promised it.
So, when the tanker hit, where was the rubber skirt and where was the sucker? Answer: The rubber skirt, called "boom" -- was a fiction. Exxon promised to have it sitting right there near the Native village at Bligh Reef. The oil company fulfilled that promised the cheap way: they lied.
And the lie was engineered at the very top. After the spill, we got our hands on a series of memos describing a secret meeting of chief executives of Exxon and its oil company partners, including ARCO, a unit of British Petroleum. In a meeting of these oil chieftains held in April 1988, ten months before the spill, Exxon rejected a plea from T.L. Polasek, the Vice-President of its Alaska shipping operations, to provide the oil spill containment equipment required by law. Polasek warned the CEOs it was "not possible" to contain a spill in the mid-Sound without the emergency set-up.
Exxon angrily vetoed ARCO's suggestion that the oil companies supply the rubber skirts and other materiel that would have prevented the spill from spreading, virtually eliminating the spill's damage.
Regulations state that no tanker may leave the Alaska port of Valdez without the "sucker" equipment, called a "containment barge," at the ready. Exxon signed off on the barge's readiness. But, that night twenty years ago, the barge was in dry-dock with its pumps locked up under arctic ice. By the time it arrived at the tanker, half a day after the spill, the oil was well along its thousand-mile killing path.
Natives watched as the now-unstoppable oil overwhelmed their islands. Eyak Native elder Henry Makarka saw an otter rip out its own eyes burning from oil residue. Henry, pointing down a waterside dead-zone, told me, in a mix of Alutiiq and English, "If I had a machine gun, I'd shoot every one of those white sons-of-bitches."
***
Exxon promised -- promised -- to pay the Natives and other fisherman for all their losses. The Chief of the Natives at Nanwalek lost his boat to bankruptcy. His village, like other villages, Native and non-Native, decayed into alcoholism. The Mayor of fishing port Cordova killed himself, citing Exxon in his suicide note.
On the island village of Chenega, Gail Evanoff's uncle Paul Kompkoff was hungry. Until the spill, he had lived on seal meat, razor clams and salmon Chenegans would catch, and on deer they hunted. The clams and salmon were declared deadly and the deer, not able to read the government warning signs, ate the poisoned vegetation and died.
The President of Exxon, Lee Raymond, helicoptered into Chenega for a photo op. He promised to compensate the Natives and all fishermen for their losses, and Exxon would thoroughly clean the beaches.
Uncle Paul told the Exxon chief of his hunger. The oil company, sensing PR disaster, shipped in seal meat to the isolated village. The cans were marked, "NOT FIT FOR HUMAN CONSUMPTION." Uncle Paul said, "Zoo food."
Paul didn't want a seal in a can. He wanted a boat to go fishing, to bring the village back to life.
Two years after the spill, Otto Harrison, General Manager of Exxon USA, told Evanoff and me to forget about a fishing boat for Uncle Paul. Exxon was immortal and Natives were not. The company would litigate for 20 years.
They did. Only now, two decades on, Exxon has finally begun its payout of the court award -- but only ten cents on the dollar. And Uncle Paul's boat? No matter. Paul's dead. So are a third of the fishermen owed the money.
***
Lee Raymond, President of Exxon at the time of the spill -- and its President when the company made the secret decision to do without oil spill equipment, retired in April 2006. The company awarded him a $400 million retirement bonus, more than double the bonuses received by all AIG executives combined.
***
Gail's oily hand never made it to national television. The networks were distracted with another oil story.
After sailing back to Chenega from Sleepy Bay, I sat with Uncle Paul, watching the smart bombs explode over Baghdad. Gulf War I had begun.
Uncle Paul was silent a long time. The generals on CNN pointed to the burning oil fields near Basra. Paul said, "I guess were all some kind of Native now."
************
For SuicideGirls.com
Greg Palast investigated fraud and racketeering claims for the Chugach Natives of Alaska. Now a journalist whose work appears on BBC Television Newsnight, Palast is the author of the New York Times bestselling books The Best Democracy Money Can Buy and Armed Madhouse. Visit GregPalast.com for more.
Check out the YouTube clip of Greg Palast on Air America's 'Ring of Fire' with Mike Papantonio on the Exxon Valdez and on the death of investigative reporting in America. Listen in this weekend on your Air America station.
And get ready: This Friday - the launch of GREG PALAST INVESTIGATES - On the Trail with investigative reporter Palast - with three of his latest ass-kicking BBC Television reports.
Palast is looking for co-producers for the film's DVD release. Support the team behind the work that the Chicago Tribune calls, "Stories so relevant, they threaten to alter history." Pre-order the DVD today.
Palast is a Nation Institute/Puffin Foundation Writing Fellow for investigative reporting.
20th Birthday of the Exxon Valdez Lie
by Greg Palast
March 23, 2009
"Gail, Please! Stick your hand in it!"
The petite Eskimo-Chugach woman gave me that you-dumb-ass-white-boy look.
"Gail, Gail. STICK YOUR DAMN HAND IN IT!"
She stuck it in, under the gravel of the beach at Sleepy Bay, her village's fishing ground. Gail's hand came up dripping with black, sickening goo. It could make you vomit. Oil from the Exxon Valdez.
It was already two years after the spill and Exxon had crowed that Mother Nature had happily cleaned up their stinking oil mess for them. It was a lie. But the media wouldn't question the bald-faced bullshit. And who the hell was going to investigate Exxon's claim way out in some godforsaken Native village in the Prince William Sound?
So I convinced the Natives to fly the lazy-ass reporters out to Sleepy Bay on rented float planes to see the oil that Exxon said wasn't there.
The reporters looked, but didn't see it, because it was three inches under their feet, under the shingle rock of the icy beach. Gail pulled out her hand and now the whole place smelled like a gas station. The network crews wanted to puke.
And now, with their eyes open, they saw the oil, the vile feces-colored smear across the glaciated ridge faces, the poisonous "bathtub ring" that ran for miles and miles at the high tide level. And it's still there. Less for sure. But twenty years later, IT'S STILL THERE, GODDAMNIT. And I want YOU, dear reader, to stick your hand in it. I want YOU, President Obama, to stick your hand in it before you blithely fulfill your Palin-esque campaign promise for a little more offshore drilling.
***
Tuesday marks the 20th Anniversary of the Exxon Valdez grounding and the smearing of 1,200 miles of Alaska's coastline with its oil.
It also marks the 20th Anniversary of a lie. Lots of lies: catalogued in a four-volume investigation of the disaster; four volumes you'll never see. I wrote that report, with my team of investigators working with the Natives preparing fraud and racketeering charges against Exxon. You'll never see the report because Exxon lawyers threatened the Natives, "Mention the f-word [fraud] and you'll never get a dime" of compensation to clean up the villages. The Natives agreed to drop the fraud charge -- and Exxon stiffed them on the money. You're surprised, right?
***
Doubtless, for the 20th Anniversary of the Great Spill, the media will schlep out that old story that the tanker ran aground because its captain was drunk at the wheel. Bullshit. Yes, the captain was "three sheets to the wind" -- but sleeping it off below-decks. The ship was in the hands of the third mate who was driving blind. That is, the Exxon Valdez' Raycas radar system was turned off; turned off because it was busted and had been busted since its maiden voyage. Exxon didn't want to spend the cash to fix it. So the man at the helm, electronically blindfolded, drove it up onto the reef.
So why the story of the drunken skipper? Because it lets Exxon off the hook: Calling it a case of "drunk driving" turns the disaster into a case of human error, not corporate penny-pinching
Indeed, the "human error" tale was the hook used by the Bush-stacked Supreme Court to slash the punitive damages awarded against Exxon by 90%, from $5 billion, to half a billion for 30,000 Natives and fishermen. Chief Justice John Roberts erased almost all of the payment due with the la-dee-dah comment, "What more can a corporation do?"
Well, here's what they could have done: Besides fix the radar, Exxon could have set out equipment to contain the spill. Containing a spill is actually quite simple. Stick a rubber skirt around the oil slick and suck it back up. The law requires it and Exxon promised it.
So, when the tanker hit, where was the rubber skirt and where was the sucker? Answer: The rubber skirt, called "boom" -- was a fiction. Exxon promised to have it sitting right there near the Native village at Bligh Reef. The oil company fulfilled that promised the cheap way: they lied.
And the lie was engineered at the very top. After the spill, we got our hands on a series of memos describing a secret meeting of chief executives of Exxon and its oil company partners, including ARCO, a unit of British Petroleum. In a meeting of these oil chieftains held in April 1988, ten months before the spill, Exxon rejected a plea from T.L. Polasek, the Vice-President of its Alaska shipping operations, to provide the oil spill containment equipment required by law. Polasek warned the CEOs it was "not possible" to contain a spill in the mid-Sound without the emergency set-up.
Exxon angrily vetoed ARCO's suggestion that the oil companies supply the rubber skirts and other materiel that would have prevented the spill from spreading, virtually eliminating the spill's damage.
Regulations state that no tanker may leave the Alaska port of Valdez without the "sucker" equipment, called a "containment barge," at the ready. Exxon signed off on the barge's readiness. But, that night twenty years ago, the barge was in dry-dock with its pumps locked up under arctic ice. By the time it arrived at the tanker, half a day after the spill, the oil was well along its thousand-mile killing path.
Natives watched as the now-unstoppable oil overwhelmed their islands. Eyak Native elder Henry Makarka saw an otter rip out its own eyes burning from oil residue. Henry, pointing down a waterside dead-zone, told me, in a mix of Alutiiq and English, "If I had a machine gun, I'd shoot every one of those white sons-of-bitches."
***
Exxon promised -- promised -- to pay the Natives and other fisherman for all their losses. The Chief of the Natives at Nanwalek lost his boat to bankruptcy. His village, like other villages, Native and non-Native, decayed into alcoholism. The Mayor of fishing port Cordova killed himself, citing Exxon in his suicide note.
On the island village of Chenega, Gail Evanoff's uncle Paul Kompkoff was hungry. Until the spill, he had lived on seal meat, razor clams and salmon Chenegans would catch, and on deer they hunted. The clams and salmon were declared deadly and the deer, not able to read the government warning signs, ate the poisoned vegetation and died.
The President of Exxon, Lee Raymond, helicoptered into Chenega for a photo op. He promised to compensate the Natives and all fishermen for their losses, and Exxon would thoroughly clean the beaches.
Uncle Paul told the Exxon chief of his hunger. The oil company, sensing PR disaster, shipped in seal meat to the isolated village. The cans were marked, "NOT FIT FOR HUMAN CONSUMPTION." Uncle Paul said, "Zoo food."
Paul didn't want a seal in a can. He wanted a boat to go fishing, to bring the village back to life.
Two years after the spill, Otto Harrison, General Manager of Exxon USA, told Evanoff and me to forget about a fishing boat for Uncle Paul. Exxon was immortal and Natives were not. The company would litigate for 20 years.
They did. Only now, two decades on, Exxon has finally begun its payout of the court award -- but only ten cents on the dollar. And Uncle Paul's boat? No matter. Paul's dead. So are a third of the fishermen owed the money.
***
Lee Raymond, President of Exxon at the time of the spill -- and its President when the company made the secret decision to do without oil spill equipment, retired in April 2006. The company awarded him a $400 million retirement bonus, more than double the bonuses received by all AIG executives combined.
***
Gail's oily hand never made it to national television. The networks were distracted with another oil story.
After sailing back to Chenega from Sleepy Bay, I sat with Uncle Paul, watching the smart bombs explode over Baghdad. Gulf War I had begun.
Uncle Paul was silent a long time. The generals on CNN pointed to the burning oil fields near Basra. Paul said, "I guess were all some kind of Native now."
************
For SuicideGirls.com
Greg Palast investigated fraud and racketeering claims for the Chugach Natives of Alaska. Now a journalist whose work appears on BBC Television Newsnight, Palast is the author of the New York Times bestselling books The Best Democracy Money Can Buy and Armed Madhouse. Visit GregPalast.com for more.
Check out the YouTube clip of Greg Palast on Air America's 'Ring of Fire' with Mike Papantonio on the Exxon Valdez and on the death of investigative reporting in America. Listen in this weekend on your Air America station.
And get ready: This Friday - the launch of GREG PALAST INVESTIGATES - On the Trail with investigative reporter Palast - with three of his latest ass-kicking BBC Television reports.
Palast is looking for co-producers for the film's DVD release. Support the team behind the work that the Chicago Tribune calls, "Stories so relevant, they threaten to alter history." Pre-order the DVD today.
Palast is a Nation Institute/Puffin Foundation Writing Fellow for investigative reporting.
Friday, March 28, 2008
GOD DAMN AMERICA
GOD DAMN AMERICA – ESPECIALLY PENNSYLVANIA
By Greg Palast
Sunday, March 23, 2008, Forest City, PA ]
The kids were snoozing so I drove along the back roads skirting the Lackawanna River on a dawn hunt for black coffee and a newspaper.
I think even Norman Rockwell would have found this place too sticky sweet, too postcard: the weathered barns, the fallow fields perfectly snow-frosted; red, white and blue flags already up on the clapboard farmhouses and the white-washed church in the valley already full for Easter prayers.
At a gas station, I scored the paper and coffee, spilled some on the front page – the closest thing I’ve got to a religious ritual – then parked in front of a row of insanely pretty salt-box houses shining like mad teeth on the river bank.
One was missing a pick-up in the driveway; its screen door was left half-open, and there was a letter taped to the window. The Sheriff’s Notice of eviction. Another foreclosure.
God damn America.
I know that’s what Obama’s spiritual guide would say.
But why? It seems likes He’s already done a pretty good job of damning these United States.
And He seems to have really taken it out on this corner of Pennsylvania.
The gargantuan Bethlehem steel works have dwindled to a few robot-operated mills controlled from Mumbai, India. The only remainders of nearby Carbondale’s mining industry are in display cases at the ageing Coal Inn. But you could still get out by selling your home to ski tourists from New York – until this year when mortgage markets turned cancerous.
That leaves Forest City’s one industry, lumbering – which we can kiss goodbye since a recent ruling by the NAFTA board which allows the import of cheap Canadian wood.
Some local kid has made the paper having been thrown, helmet first, into the volcano called Iraq. The Scranton Times-Tribune, two pages after the photo of a priest blessing a bowl of who knows what, noted that three soldiers killed in yesterday’s bombing are, “pushing the death toll in the five-year conflict to nearly 4,000” – which is true if you don’t count Iraqi dead. But Someone must be counting them. (From way up in heaven, I wonder if we look like a nation of Christians – or an empire of Romans.)
Phil Ochs, before he killed himself, wrote,
“This is a land full of power and glory,
Beauty that words cannot recall.
But her power shall rest on the strength of her freedom.
Her glory shall rest on us all.”
Whatever.
It’s a difficult place to be an atheist, in this America, surfeited as it is on every vista with signs of His overwhelming grace and His exasperated wrath. It’s as if the Lord Himself is just as confused and frustrated and disappointed as the rest of us by blessings so abused.
There’s one consolation. He has apparently granted Pennsylvanians the privilege, come April 22, of choosing which Democrat will lose in November.
Which may not mean much to Sandy Ryder on whom the spirit of Easter has landed like a ton of bricks. Sandy, says the flyer tacked up at the Bingham diner, was, “Recently diagnosed with Inflammatory Breast Cancer.” She’s a “Single mother of two – Tony and Brandon – and Grandmother of one – Jason.”
And there they were in a photocopied portrait, the earnest elder son and little Jason to her right, the young slacker (Tony? Brandon?) slouched to her left. The town’s hawking a benefit for Sandy, $10 at the door, “including Food and Beverage” and a “Chinese auction.”
(I’ll bet Al Qaeda could pick up some recruits here – if Osama would offer health insurance.)
Whatever. This is, after all, Holy Week, which marks the anniversary of the grounding of the Exxon Valdez, the day the giant oil corporation soaked 1,200 miles of Alaska’s coast with crude sludge. March 24 marks 19 years since the grounding and 19 years since Exxon’s promise to compensate the ruined fishermen. You should watch the 19-year-old video-tape of Exxon’s man in Alaska. I especially like the part where he tells the fishermen, “You have had some good luck – and you don’t realize it."
I know some of the fishermen on the TV footage, like the Anderson family, Eyak Natives. I can tell you, the Eyak don’t feel so lucky, still waiting for the Supreme Court to act on Exxon’s latest stall on payment. They’ve seen plenty of Sheriff’s Notices these past 19 years.
So Happy Easter.
George Bush tells us he’s, “feeling just fine.” And we should be glad for him, I suppose.
Bush ends his most belligerent speeches by saying, “God bless America.”
So, why hasn’t He?
Maybe you can tell us, Mr. President: Why hasn’t He?
***************
Greg Palast is the author of the NY Times best-selling books Armed Madhouse and Best Democracy Money Can Buy. Read his reports at www.GregPalast.com
By Greg Palast
Sunday, March 23, 2008, Forest City, PA ]
The kids were snoozing so I drove along the back roads skirting the Lackawanna River on a dawn hunt for black coffee and a newspaper.
I think even Norman Rockwell would have found this place too sticky sweet, too postcard: the weathered barns, the fallow fields perfectly snow-frosted; red, white and blue flags already up on the clapboard farmhouses and the white-washed church in the valley already full for Easter prayers.
At a gas station, I scored the paper and coffee, spilled some on the front page – the closest thing I’ve got to a religious ritual – then parked in front of a row of insanely pretty salt-box houses shining like mad teeth on the river bank.
One was missing a pick-up in the driveway; its screen door was left half-open, and there was a letter taped to the window. The Sheriff’s Notice of eviction. Another foreclosure.
God damn America.
I know that’s what Obama’s spiritual guide would say.
But why? It seems likes He’s already done a pretty good job of damning these United States.
And He seems to have really taken it out on this corner of Pennsylvania.
The gargantuan Bethlehem steel works have dwindled to a few robot-operated mills controlled from Mumbai, India. The only remainders of nearby Carbondale’s mining industry are in display cases at the ageing Coal Inn. But you could still get out by selling your home to ski tourists from New York – until this year when mortgage markets turned cancerous.
That leaves Forest City’s one industry, lumbering – which we can kiss goodbye since a recent ruling by the NAFTA board which allows the import of cheap Canadian wood.
Some local kid has made the paper having been thrown, helmet first, into the volcano called Iraq. The Scranton Times-Tribune, two pages after the photo of a priest blessing a bowl of who knows what, noted that three soldiers killed in yesterday’s bombing are, “pushing the death toll in the five-year conflict to nearly 4,000” – which is true if you don’t count Iraqi dead. But Someone must be counting them. (From way up in heaven, I wonder if we look like a nation of Christians – or an empire of Romans.)
Phil Ochs, before he killed himself, wrote,
“This is a land full of power and glory,
Beauty that words cannot recall.
But her power shall rest on the strength of her freedom.
Her glory shall rest on us all.”
Whatever.
It’s a difficult place to be an atheist, in this America, surfeited as it is on every vista with signs of His overwhelming grace and His exasperated wrath. It’s as if the Lord Himself is just as confused and frustrated and disappointed as the rest of us by blessings so abused.
There’s one consolation. He has apparently granted Pennsylvanians the privilege, come April 22, of choosing which Democrat will lose in November.
Which may not mean much to Sandy Ryder on whom the spirit of Easter has landed like a ton of bricks. Sandy, says the flyer tacked up at the Bingham diner, was, “Recently diagnosed with Inflammatory Breast Cancer.” She’s a “Single mother of two – Tony and Brandon – and Grandmother of one – Jason.”
And there they were in a photocopied portrait, the earnest elder son and little Jason to her right, the young slacker (Tony? Brandon?) slouched to her left. The town’s hawking a benefit for Sandy, $10 at the door, “including Food and Beverage” and a “Chinese auction.”
(I’ll bet Al Qaeda could pick up some recruits here – if Osama would offer health insurance.)
Whatever. This is, after all, Holy Week, which marks the anniversary of the grounding of the Exxon Valdez, the day the giant oil corporation soaked 1,200 miles of Alaska’s coast with crude sludge. March 24 marks 19 years since the grounding and 19 years since Exxon’s promise to compensate the ruined fishermen. You should watch the 19-year-old video-tape of Exxon’s man in Alaska. I especially like the part where he tells the fishermen, “You have had some good luck – and you don’t realize it."
I know some of the fishermen on the TV footage, like the Anderson family, Eyak Natives. I can tell you, the Eyak don’t feel so lucky, still waiting for the Supreme Court to act on Exxon’s latest stall on payment. They’ve seen plenty of Sheriff’s Notices these past 19 years.
So Happy Easter.
George Bush tells us he’s, “feeling just fine.” And we should be glad for him, I suppose.
Bush ends his most belligerent speeches by saying, “God bless America.”
So, why hasn’t He?
Maybe you can tell us, Mr. President: Why hasn’t He?
***************
Greg Palast is the author of the NY Times best-selling books Armed Madhouse and Best Democracy Money Can Buy. Read his reports at www.GregPalast.com
Sunday, March 2, 2008
Exxon suxx. McCain duxx.
http://www.gregpalast.com/exxon-suxx-mccain-duxx
Exxon suxx. McCain duxx.
by Greg Palast
For TomPaine.com and OurFuture.org
Thursday, 28 February 2008
Nineteen goddamn years is enough. I’m sorry if you don’t like my language, but when I think about what they did to Paul Kompkoff, I’m in no mood to nicey-nice words.
Next month marks 19 years since the Exxon Valdez dumped its load of crude oil across the Prince William Sound, Alaska. A big gooey load of this crude spilled over the lands of the Chenega Natives. Paul Kompkoff was a seal-hunter for the village. That is, until Exxon’s ship killed the seal and poisoned the rest of Chenega’s food supply.
While cameras rolled, Exxon executives promised they’d compensate everyone. Today, before the US Supreme Court, the big oil company’s lawyers argued that they shouldn’t have to pay Paul or other fishermen the damages ordered by the courts.
They can’t pay Paul anyway. He’s dead.
That was part of Exxon’s plan. They told me that. In 1990 and 1991, I worked for the Chenega and Chugach Natives of Alaska on trying to get Exxon to pay up to save the remote villages of the Sound. Exxon’s response was, “We can hold out in court until you’re all dead.”
Nice guys. But, hell, they were right, weren’t they?
But Exxon didn’t do it alone. They had enablers. One was a failed oil driller named “Dubya.” Exxon was the second largest contributor to George W. Bush’s political career. Enron was firstr. They were a team, Exxon and Enron.
To protect their corporate backsides, Enron’s Chairman Ken Lay, prior to his felony convictions, funded a group called Texans for Law Suit Reform. The idea was to prevent consumers, defrauded stockholders and devastated Natives from suing felonious corporations and their chiefs.
When Dubya went to Washington, Enron and Exxon got their golden pass in the appointment of Chief Justice John Roberts. On Wednesday, as the court heard Exxon’s latest stall, Roberts said, in defense of Exxon’s behavior in Alaska, “What more can a corporation do?”
The answer, Your Honor, is plenty.
For starters, Mr. Roberts, Exxon could have turned on the radar. What? On the night the Exxon Valdez smacked into Bligh Reef, the Raycas radar system was turned off. Exxon shipping honchos decided it was too expensive to maintain it and train their navigators to use it. So, the inexperienced third mate at the wheel was driving the supertanker by eyeball, Christopher Columbus style. I kid you not.
Here’s what else this poor ‘widdle corporation could do: stop lying.
On the night of March 24, 1989, the Exxon Valdez was not even supposed to leave harbor. Here’s why. Tankers are not allowed to sail unless unless a spill containment barge is operating nearby. That night, the barge was in dry-dock, locked under ice. Exxon kept that fact hidden, concealing the truth even after the tanker grounded. An Exxon official radioed the emergency crew, “Barge is on its way.” It wasn’t.
Had the barge been in operation, it would have surrounded the leaking ship with rubber skirts - and Paul’s home, and Alaska’s coast, would have been saved. But Exxon couldn’t wait for its oil.
Paul’s gone – buried with Exxon’s promises. But the oil’s still there. Go out to Chenega lands today. At Sleepy Bay, kick over some gravel and it will smell like a gas station.
Tort Tart
What the heck does this have to do with John McCain?
The Senator is what I’d call a ‘Tort Tart.’ Ken Lay’s “Law Suit Reform” posse was one of the fronts used by a gaggle of corporate lobbyists waging war on your day in court. Their rallying cry is ‘Tort Reform,’ by which they mean they want to take away the God-given right of any American, rich or poor, to sue the bastards who crush your child’s skull through product negligence, make your heart explode with a faulty medical device, siphon off your pension funds, or poison your food supply with spilled oil.
All of the Democratic candidates have seen through this ‘tort reform’ con – and so did a Senator named McCain who, in 2001, for example, voted for the Patients Bill of Rights allowing claims against butchers with scalpels. Then something happened to Senator McCain: the guy who stuck his neck out for litigants got his head chopped off when he ran for President in the Republican Party. One lobbyists’ website blasted McCain’s “go-it-alone moralism.”
So the Senator did what I call, The McCain Hunch. Again and again he grabbed his ankles and apologized to the K Street lobbyists, reversing his positions on, well, you name it. In 2001, he said of Bush’s tax cuts, “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans.” Now, in bad conscience, the Senator vows to make these tax cuts permanent.
On “Tort Reform,” the about-face was dizzying. McCain voted to undermine his own 2001 Patients Bill of Rights with votes in 2005 to limit suits to enforce it. He then added his name to a bill that would have thrown sealhunter Kompkoff’s suit out of federal court.
In 2003, McCain voted against Bush’s Energy Plan, an industry oil-gasm. This week, following Exxon’s report that it sucked in $40.6 billion in earnings, the largest profit haul in planetary history, Senators Clinton, Obama and several others in both parties sponsored a bill to require a teeny sliver of oil industry super-profits go to alternative energy sources. Technically, it involved ending a $14 billion tax giveaway granted oil companies by the Bush Administration in 2004. Senator McCain wouldn’t support George and his oil patch buddies then. But now, Candidate McCain won’t back the repeal of this gawdawful tax break.
In this showdown with Big Oil, McCain is AWOL, missing in action.
Well, Paul, at least you were spared this.
I remember when I was on the investigation in Alaska, bankrupted fishermen, utterly ruined – Kompkoff’s co-plaintiffs in the suit before the Supreme Court – floated their soon-to-be repossessed boats into the tanker lanes with banners reading, “EXXON SUXX.”
To which they could now add, about a one-time stand-up Senator: “McCain duxx.”
***
Greg Palast is author of the New York Times bestsellers Armed Madhouse and The Best Democracy Money Can Buy. Subscribe to his investigative reports at http://www.gregpalast.com/
Exxon suxx. McCain duxx.
by Greg Palast
For TomPaine.com and OurFuture.org
Thursday, 28 February 2008
Nineteen goddamn years is enough. I’m sorry if you don’t like my language, but when I think about what they did to Paul Kompkoff, I’m in no mood to nicey-nice words.
Next month marks 19 years since the Exxon Valdez dumped its load of crude oil across the Prince William Sound, Alaska. A big gooey load of this crude spilled over the lands of the Chenega Natives. Paul Kompkoff was a seal-hunter for the village. That is, until Exxon’s ship killed the seal and poisoned the rest of Chenega’s food supply.
While cameras rolled, Exxon executives promised they’d compensate everyone. Today, before the US Supreme Court, the big oil company’s lawyers argued that they shouldn’t have to pay Paul or other fishermen the damages ordered by the courts.
They can’t pay Paul anyway. He’s dead.
That was part of Exxon’s plan. They told me that. In 1990 and 1991, I worked for the Chenega and Chugach Natives of Alaska on trying to get Exxon to pay up to save the remote villages of the Sound. Exxon’s response was, “We can hold out in court until you’re all dead.”
Nice guys. But, hell, they were right, weren’t they?
But Exxon didn’t do it alone. They had enablers. One was a failed oil driller named “Dubya.” Exxon was the second largest contributor to George W. Bush’s political career. Enron was firstr. They were a team, Exxon and Enron.
To protect their corporate backsides, Enron’s Chairman Ken Lay, prior to his felony convictions, funded a group called Texans for Law Suit Reform. The idea was to prevent consumers, defrauded stockholders and devastated Natives from suing felonious corporations and their chiefs.
When Dubya went to Washington, Enron and Exxon got their golden pass in the appointment of Chief Justice John Roberts. On Wednesday, as the court heard Exxon’s latest stall, Roberts said, in defense of Exxon’s behavior in Alaska, “What more can a corporation do?”
The answer, Your Honor, is plenty.
For starters, Mr. Roberts, Exxon could have turned on the radar. What? On the night the Exxon Valdez smacked into Bligh Reef, the Raycas radar system was turned off. Exxon shipping honchos decided it was too expensive to maintain it and train their navigators to use it. So, the inexperienced third mate at the wheel was driving the supertanker by eyeball, Christopher Columbus style. I kid you not.
Here’s what else this poor ‘widdle corporation could do: stop lying.
On the night of March 24, 1989, the Exxon Valdez was not even supposed to leave harbor. Here’s why. Tankers are not allowed to sail unless unless a spill containment barge is operating nearby. That night, the barge was in dry-dock, locked under ice. Exxon kept that fact hidden, concealing the truth even after the tanker grounded. An Exxon official radioed the emergency crew, “Barge is on its way.” It wasn’t.
Had the barge been in operation, it would have surrounded the leaking ship with rubber skirts - and Paul’s home, and Alaska’s coast, would have been saved. But Exxon couldn’t wait for its oil.
Paul’s gone – buried with Exxon’s promises. But the oil’s still there. Go out to Chenega lands today. At Sleepy Bay, kick over some gravel and it will smell like a gas station.
Tort Tart
What the heck does this have to do with John McCain?
The Senator is what I’d call a ‘Tort Tart.’ Ken Lay’s “Law Suit Reform” posse was one of the fronts used by a gaggle of corporate lobbyists waging war on your day in court. Their rallying cry is ‘Tort Reform,’ by which they mean they want to take away the God-given right of any American, rich or poor, to sue the bastards who crush your child’s skull through product negligence, make your heart explode with a faulty medical device, siphon off your pension funds, or poison your food supply with spilled oil.
All of the Democratic candidates have seen through this ‘tort reform’ con – and so did a Senator named McCain who, in 2001, for example, voted for the Patients Bill of Rights allowing claims against butchers with scalpels. Then something happened to Senator McCain: the guy who stuck his neck out for litigants got his head chopped off when he ran for President in the Republican Party. One lobbyists’ website blasted McCain’s “go-it-alone moralism.”
So the Senator did what I call, The McCain Hunch. Again and again he grabbed his ankles and apologized to the K Street lobbyists, reversing his positions on, well, you name it. In 2001, he said of Bush’s tax cuts, “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans.” Now, in bad conscience, the Senator vows to make these tax cuts permanent.
On “Tort Reform,” the about-face was dizzying. McCain voted to undermine his own 2001 Patients Bill of Rights with votes in 2005 to limit suits to enforce it. He then added his name to a bill that would have thrown sealhunter Kompkoff’s suit out of federal court.
In 2003, McCain voted against Bush’s Energy Plan, an industry oil-gasm. This week, following Exxon’s report that it sucked in $40.6 billion in earnings, the largest profit haul in planetary history, Senators Clinton, Obama and several others in both parties sponsored a bill to require a teeny sliver of oil industry super-profits go to alternative energy sources. Technically, it involved ending a $14 billion tax giveaway granted oil companies by the Bush Administration in 2004. Senator McCain wouldn’t support George and his oil patch buddies then. But now, Candidate McCain won’t back the repeal of this gawdawful tax break.
In this showdown with Big Oil, McCain is AWOL, missing in action.
Well, Paul, at least you were spared this.
I remember when I was on the investigation in Alaska, bankrupted fishermen, utterly ruined – Kompkoff’s co-plaintiffs in the suit before the Supreme Court – floated their soon-to-be repossessed boats into the tanker lanes with banners reading, “EXXON SUXX.”
To which they could now add, about a one-time stand-up Senator: “McCain duxx.”
***
Greg Palast is author of the New York Times bestsellers Armed Madhouse and The Best Democracy Money Can Buy. Subscribe to his investigative reports at http://www.gregpalast.com/
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