
President Obama's new plan to fix the Gulf oil spill is so crazy it just might work...
As BP's high-priced industry experts flail, the president last week turned to a rag-tag band of big-think scientific renegades, and sent them on a mission to somehow MacGyver a way to stop up the leak -- before it's too late.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (6)Even in a Washington as dominated by corporate money as today's, it's not often that you see a lawmaker side with financial backers over the public interest as brazenly as Alaska's senior senator did yesterday.
In the wake of last month's catastrophic Gulf Coast oil spill, Sen. Lisa Murkowski blocked a bill that would have raised the maximum liability for oil companies after a spill from a paltry $75 million to $10 billion. The Republican lawmaker said the bill, introduced by Sen. Robert Menendez (D-NJ), would have unfairly hurt smaller oil companies by raising the costs of oil production. The legislation is "not where we need to be right now" she said.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (4)When rescued workers were brought ashore following the explosion on the Deepwater Horizon rig last month, officials with drilling giant Transocean presented them with forms stating they had not been injured and that they had no first-hand knowledge of what happened. Lawyers for the workers are now crying foul about what they say is an all too common industry practice to impeach workers' credibility in future legal proceedings.
Some workers are saying they were coerced into signing the form, a charge Transocean denies. But the episode is reminiscent of reports that BP presented Alabama fishermen with contracts that included a no-sue clause in exchange for $5,000.
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As the oil industry went into full damage control mode following the catastrophic spill in the Gulf of Mexico, their corporate public relations went into overdrive too, with firms across Washington jumping in to help British Petroleum and BP firing up its Facebook page and Twitter feed. The universe of flacks Americans might be seeing on television and quoted in news stories has widened, with BP executives making the rounds, hosting journalists for explainer sessions and corporate PR folks helping craft an image of a company doing everything it can to help.
The industry already had an army of lobbyists and PR hands deployed in Washington to influence the negotiations over climate change legislation (which may be in dire straits thanks to the spill), and BP brought in the international consulting firm the Brunswick Group.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (2)There are two broad categories of costs associated with the catastrophic BP Gulf oil spill: one is cleanup; the other is damage caused by the oil -- to shoreline property, local tax revenues, the fishing and tourism industries, and other businesses and individuals.
Here's a guide to who's on the hook for which costs.
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