Dimanche

The Cover-up: BP’s Crude Politics And The Looming Environmental Mega-Disaster
Wayne Madsen, Oil Price.com
~There is talk in some government circles, including FEMA, of the need to nationalize BP in order to compensate those who will ultimately be affected by the worst oil disaster in the history of the world.
Obama and his senior White House staff, as well as Interior Secretary Ken Salazar, are working with BP's chief executive officer Tony Hayward on legislation that would raise the cap on liability for damage claims from those affected by the oil disaster from $75 million to $10 billion. However, WMR's (Wayne Madsen Report) federal and Gulf state sources are reporting the disaster has the real potential cost of at least $1 trillion.
Critics of the deal being worked out between Obama and Hayward point out that $10 billion is a mere drop in the bucket for a trillion dollar disaster but also note that BP, if its assets were nationalized, could fetch almost a trillion dollars for compensation purposes.
~Editilla Notellas~Ahem! We just hang'em as we find'em. Even the oil investment media considers BP as buggers.
Personally we think this guy sounds like a squirrel nut. Buuuut...
we do like the idea of setting such a precedent for this obvious criminal negligence by BP or any other para-national corporation, be they domestic or foreign. We gotta draw a line somewhere.
1.1 million gal/day X 20 days thus far = 22 million gal
@ 4lbs/gal (light crude) = 88 million lbs of Oil Released.