Gulf Oil Spill Disastor Summary

This afternoon’s summary:

Update on the oil spill in the gulf from NRDC.
Matt
Alex won’t become a hurricane or target the Gulf around the oil spill area. The region remains on edge as experts warn that strong swells and winds could nonetheless reach the slick area, disrupting clean-up efforts and pushing oil deeper into fragile coastal wetlands. But BP and the federal government should consider the events of the past three days a dry run for the next wave of bad weather. The prediction is that this could be the worst hurricane season in years. Nevertheless, the London stock market had a positive reaction when the Gulf apparently escaped the first hurricane prediction. Crude oil fell from a seven-week high. It would have gone up if the weather turned bad. Meanwhile the social and economic fallout continues from the oil spill. It’s questionable whether waitresses will be able to make up for lost tips from BP’s $20 billion escrow account to pay victims of the spill. But a New Orleans chef isn’t waiting for escrow money. She sued BP for damages restaurants are experiencing. And experts are predicting that BP CEO won’t be getting any Golden parachute if he leaves BP. Fancy that?

Quotable Quote:
We’ve been spared very much up until this point. We are spared no longer – Governor Haley Barbour’s press secretary Dan Turner on tar balls reaching Mississippi’s beaches

National News:

CNN: Hayward unlikely to get a Golden parachute
While there are plenty of rumors about the fate of BP CEO Tony Hayward, financial experts are clear about one thing: There’s no Golden Parachute in the wings for him. His performance during the first two months of the Gulf oil spill was a disaster, they say, and he’s unlikely to even get a bonus and stock awards on his $1.5 million salary if he walks out the door. Meanwhile, BP denied reports that he’s resigning.

Read more:
http://money.cnn.com/2010/06/25/news/companies/Hayward_pay/index.htm

Check this one out, too:
http://www.google.com/hostednews/afp/article/ALeqM5i-szbN5k3qn5pRPEa_RMUZJtmBEw

Dow Jones: BP: Rough seas may delay third oil containment rig by week
Tropical Storm Alex may delay BP PLC’s plans to increase the amount of oil collected from a leaking well in the Gulf of Mexico by a week, a company official said Monday. The storm’s winds are expected to stay far to the west of the spill, but high seas are likely to become an issue this week.

Read more by Brian Baskin
http://online.wsj.com/article/BT-CO-20100628-707656.html

Bloomberg: No hurricane? Crude oil falls from 7-week high
The price of oil is all about supply and demand. When the going gets rough – like a hurricane, the price of oil goes up. But Monday, crude oil fell from a seven-week high on speculation that production in the Gulf of Mexico will be unaffected by a tropical storm in the region.

Read more by Margot Habiby:
http://www.businessweek.com/news/2010-06-28/oil-falls-from-seven-week-high-as-tropical-storm-concern-eases.html

New York Times: Moratorium won’t reduce drilling risks
A simple six-month drilling moratorium. It sounds like such a sensible, obvious, uncontroversial thing to do in the wake of the worst environmental disaster in this nation’s history, doesn’t it? Turns out, it’s anything but, according to this account of the risks, the economics and the real safety record of deepwater drilling and the real effect of a moratorium.

Read more from Joe Nocera
http://www.nytimes.com/2010/06/26/business/26nocera.html

New York Times: Seeking answers on oil spill as questions mount
The editors of the New York Times answer questions from readers about the Deepwater Horizon disaster and the ongoing status of the oil leak.

Read more
http://www.nytimes.com/2010/06/26/us/26primerWEB.html?hpw

Politics Daily: BP on track for mid-August finish of relief oil well in Gulf
The Vice President will visit the Gulf again on Tuesday as BP reports it is on track with the drilling of the relief well, expecting a mid-August start-up.

Read more from Tom Diemer
http://www.politicsdaily.com/2010/06/25/bp-on-track-for-mid-august-finish-of-relief-oil-well-in-gulf/

Wall Street Journal: When it comes to spills, size counts, but is often elusive
Even after BP’s broken well under the Gulf of Mexico stops spewing, we might never know how much oil spilled. Oil companies don’t have much incentive to measure spills accurately, and government officials haven’t always needed to get a reliable count.

Read more from Carl Bialik
http://online.wsj.com/article/SB10001424052748704911704575327091631299342.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Los Angeles Times: Tropical storm worries cleanup workers
It all hangs heavy for the cleanup workers. Even if Tropical Storm Alex bypasses the oil spill, any weather might push the oil into the wetlands and bayous—or stop the efforts and create standby days for workers, which they cannot afford.

Read more from Molly Hennessey-Fiske and Margot Roosevelt
http://latimesblogs.latimes.com/greenspace/2010/06/gulf-oil-spill-tropical-storm-alex-may-hit-gulf-region.html

Politics Daily: Falling out of love with oil: The quest for clean energy
The one good thing about the oil spill is the anger that is driving Americans to fall in love with clean energy.

Read more from Judy Howard Ellis
http://www.politicsdaily.com/2010/06/27/falling-out-of-love-with-oil-the-quest-for-clean-energy/

Feature:

New York Times: Oil spill brings the good times in one coastal town
There’s an ironic twist in Bayou La Bratre, Ala., where the Gulf oil spill has definitely changed lives. There is more money in this small, hardscrabble fishing town than there has been in decades. There are more high-paying workdays, more traffic accidents, more reports of domestic violence, more drug and alcohol use, more resentment, more rumors, more hunger, more worry.

Read more:
http://www.nytimes.com/2010/06/27/us/27bayou.html?hp

Regional

USA Today: Will BP compensate waitresses for lost tips?
Gulf Coast groups representing low-income workers say they want to make sure BP’s claims process doesn’t overlook them. That includes maids, bartenders, hotel clerks, souvenir vendors and other workers dependent on the tourism industry.

Read more:
http://www.usatoday.com/money/industries/energy/2010-06-26-oil-spill-low-income-workers_N.htm

AP: Barbour presses for more resources to fight oil
Now that oil has reached the beaches and barrier islands of Mississippi on Sunday, Gov. Haley Barbour is pressing BP and feds for more resources to fight the oil.

Read more
http://www.cbsnews.com/stories/2010/06/27/national/main6625161.shtml?tag=stack

Bloomberg: Chef sues BP for damages to restaurants
Oysters are definitely off the table at restaurants along the Gulf coast. And shrimp may be gone soon, too. Chef Susan Spicer, of the Bayona restaurant in New Orleans and a judge on “Top Chef,” isn’t taking the Gulf oil disaster sitting down. She’s sued BP Plc for damages to restaurants that can’t access their customary supplies of fresh seafood from the Gulf of Mexico.

Read more by Laurel Brubaker Calkins:
http://www.businessweek.com/news/2010-06-26/chef-sues-bp-over-damages-to-restaurants-selling-gulf-seafood.html

Los Angeles Times: Calif. Dems seek new tax on oil production
As crude oil continues to gush into the Gulf of Mexico, many California Democrats are hoping to seize on the public mood created by the crisis to push through a new tax on oil production to help balance the state’s beleaguered budget.

Read more by Shane Goldmacher:
http://www.latimes.com/news/science/environment/la-me-oil-tax-20100628,0,7905777.story

Times Picayune: Alaska’s present, after 1989 Exxon Valdez, may be Gulf Coast’s future
This reporter traveled from New Orleans to Alaska and found grim prospects for the folks on the Gulf. “In some ways, Alaska and Louisiana could not be more different…. But no two states are as dependent on the uneasy marriage of fisheries and Big Oil.Twenty-one years later, Exxon Valdez survivors are like maritime Cassandras, foreseeing the long and bitter journey in store for the Gulf Coast residents they have never met but whose plight they have been following from afar.”

Read more from Cindy Chang
http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/06/alaskas_present_after_1989_exxon_valdez_oil_spill_might_be_gulf_coast_future.html

Orlando Sentinel: In Florida, the scallops are in, oil-free
This area’s economy depends on an early summer frenzy of snorkelers going out into the Gulf to catch scallops. Officials opened the season early and that had locals alarmed that it would be too early, But one happy ending – the scallops are in and the oil isn’t.

Read more from Kevin Spear
http://www.latimes.com/news/nationworld/nation/la-na-hometown-steinhatchee-20100627,0,4093186.story

New York Times: Holding hands against offshore oil drilling
In a testament to a terrible tragedy, thousands of people worldwide stood hand in hand on Saturday, mainly through connections made through Facebook, at 820 events in all 50 states and in 34 countries — to protest drilling and to demand cleaner energy.

Read more:
http://www.nytimes.com/2010/06/27/us/27sand.html

Sunherald.com: Spill forces cancellation of Gulf Coast Billfish classic
The 14th Annual Mississippi Gulf Coast Billfish Classic has been canceled because of the oil spill in the Gulf. It’s one of the largest bluewater fishing tournaments in the northern Gulf and will not take place Aug. 11-15.

Read more:
http://www.sunherald.com/2010/06/25/2289150/oil-spill-forces-cancellation.html#ixzz0s5VAiYc3

Huffington Post: Surfers lament oil spill
Surfers are just as devastated as fishermen and others who make the Gulf the center of their lives. “I really don’t know if in my lifetime I’ll ever be able to surf a Gulf Coast beach ever again,” one surfer said.

Read more:
http://www.huffingtonpost.com/zach-weisberg/surfers-lament-the-larges_b_625044.html

Reuters: Thick Oil Soils Mississippi Shore
Large patches of thick oil from BP Plc’s Gulf of Mexico oil spill washed ashore in Mississippi for the first time on Sunday.

Read more:
http://www.nytimes.com/reuters/2010/06/27/news/news-us-oil-spill-1.html?_r=1&hp

Palm Beach Post: Florida braces for spillover from Tropical Storm Alex
Florida emergency leaders say Tropical Storm Alex should pass the state, but waves from the storm could push more oil and tar from the massive BP spill onto Panhandle beaches.

Read more:
http://www.palmbeachpost.com/news/nation/southeast/florida-braces-for-oil-shift-from-tropical-storm-772462.html

New Orleans law firm fishes for oil spill clients
Your family does not have to suffer because some foreign company wanted to profit at your expense and ignored common sense safety rules. A lawsuit is your fundamental American right. BP is ruining lives and families in five states. I’ll take your outrage and get what you deserve, an ad from Jim S. Adler & Co. says.

Read more:
http://www.attorneymarketingdirectory.com/attorneydirectory/bp-oil-spill-lawsuits-can-come-from-gulf-coast-law-firm-jim-s.-adler-associates/

Graphic

Ø Gulf oil spill time-lapse video from NASA is haunting
http://www.huffingtonpost.com/2010/06/26/gulf-oil-spill-time-lapse_n_626600.html

Ø Map: USA Today map of spill’s environmental impact
http://www.usatoday.com/news/nation/oil-spill-environment-recreation-map.htm

Ø Chart storm season 2010
http://graphicsweb.wsj.com/documents/HURRICANES/info-HURRICANES2010.php

Ø Jack Williams Weather report

http://www.weatherjackwilliams.com/

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One Response to “Gulf Oil Spill Disastor Summary”

  1. YELP Says:

    Hi there, I enjoy reading all of your post. I like to write a little commenmt
    to support you.

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