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The Constitutionalist  By constitutionalist on July 16th, 2010Please check out this link and learn how you can help residents of the Gulf Of Mexico survive the United States’ second 9/11 – make no mistake… This event will live in infamy and small businesses, livelihoods and health of everyday families are being flushed down the toilet. We all need to help our fellow man. Imagine if it were you and your family caught down there with no income, no way to leave, and no end in sight. By phil on June 16th, 2010I see that there is a fire sale going on with BP shares. But what I am curious about is why did both Goldman Sachs and BP President Tony Hayward (30%) dump all their shares 3 weeks before the disaster? Its probably just a lucky coincidence but I’m thinking these guys need to become professional gamblers. These guys below didn’t get off quite so lucky. Check out this FOX article: BP Stock Frowned On as Bank of America, Lawmakers Unload
Published June 16, 2010 | FOXNews.com Print
Bank of America reportedly has sent around a directive to limit trades with BP as the oil company’s stock continues to decline and its credit rating erodes. The bank’s stink-eye toward BP comes as several lawmakers revealed they’ve unloaded the oil company’s stock. Reuters reported that a high-level Bank of America executive on Monday ordered traders not to conduct oil trades with the company that last beyond June 2011. The decision comes as the company scrambles to staunch the gushing oil leak in the Gulf of Mexico while working with the federal government to contain and clean up the damage. Bank of America would not confirm or deny the report. “We’re not commenting on that. That’s a client, so as a rule we do not comment on client relationships,” said spokesman John Yiannacopoulos. The crisis has left BP on the hook for what will likely be billions in clean-up costs, economic damages and potential penalties. The company reached a deal with [read more] By phil on June 12th, 2010Article from the AP and Fox news.
Coast Guard Tells BP to Speed Up Containment Pace
Published June 12, 2010 | Associated Press Print
ORANGE BEACH, Ala. — The federal government has given BP until the end of the weekend to find ways to speed up efforts to contain huge amounts of oil gushing from a ruptured well in the Gulf of Mexico, according to a letter released Saturday, as large globs of brown crude coated Alabama’s white sand beaches. Coast Guard Rear Adm. James A. Watson sent a letter to BP officials on Friday expressing frustration with the overall pace of the effort and ordered the company to identify ways to expedite the process in the coming says. “Recognizing the complexity of this challenge, every effort must be expended to speed up the process,” Watson wrote in the letter, sent to Doug Suttles, BP’s chief operating officer. BP has struggled with several efforts to contain the oil. The latest cap installed on the blown-out well is capturing about 650,000 gallons of oil a day, but large quantities are still spilling into the sea. Scientists have estimated that anywhere between about 40 million gallons to 109 million gallons of oil have gushed into the Gulf since a drilling rig exploded April 20, killing 11 workers and triggering the worst oil spill in U.S. history. The Coast Guard initially sent a letter to BP on Wednesday asking for more details on its plans to contain the [read more] |
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