Tag: British Petroleum

I posted this video interview almost 2 years ago here on November 29, 2008, and after the recent and ongoing poisoning of the Gulf of Mexico caused a least I think in part by the regulatory corruption of MMS and the US government by BP and the other oil companies, maybe it’s time to revisit the predictions made in this so long ago.

Antonia Juhasz is the author of The Bu$h Agenda: Invading the World, One Economy at a Time and most recently, The Tyranny of Oil: The World’s Most Powerful Industry, and What We Must Do To Stop It.

Juhasz is a policy-analyst and a Fellow with Oil Change International, “a research and advocacy organization that exists to force progress in the energy industry towards an environmentally and socially sustainable energy future”, and the Institute for Policy Studies, a policy studies non-profit think-tank for progressive or liberal causes based in Washington, D.C. IPS work is organized into over a dozen projects, all working collaboratively and strategically to pursue three overarching policy goals: Peace, Justice and the Environment.

She has taught at the New College of California in the Activism and Social Change Masters Program and as a guest lecturer on U.S. Foreign Policy at the McMaster University Labour Studies Program in a unique educational program with the Canadian Automobile Workers Union, and lives in San Francisco.

Antonia talked with Sharmini Peries of the The Real News about whether or not Barack Obama is likely to buck, or back, the most powerful corporations in the world, and whether he’ll continue the same foreign policies that have over the past 60 odd years of “pragmatic” conservative US imperialism nearly brought the empire to it’s knees, drastically lowering the amount of expenditures on liberal social policies.

Real News: November 29, 2008 – 7 min 37 sec

Will Obama rein in big oil?

Antonia Juhasz: Clinton-era deregulation helped big oil get bigger

Well known CUNY Physics Professor Michio Kaku appeared on NBC’s Today Show with some disturbing comments.

RawStory reports:

After six methods for stopping the [Deepwater Horizon] leak failed, BP is now trying a seventh method: “cut and cap.”

[snip]

If this seventh attempt fails, the next option will be to wait on one of two relief wells to intercept and block the original well. This is considered the best hope for permanently stopping the flow, but those wells won’t be in place until August at the soonest. Some predict that it could take until Christmas.

But Kaku thinks that even those predictions could be too optimistic.

“You would have to win the lottery to get on the first try an exact, an exact meeting at the bottom of the well in order to pump cement to shut it off,” Kaku told NBC’s Matt Lauer Wednesday.

If the attempt fails, the drill will be reversed, the hole will be filled with cement and they will try again.

“You have to do this over and over again until you get it just right,” Kaku said. “It takes many tries. So August is optimistic.”

“So this could be spewing oil for months. Could it last for a year?” asked Lauer.

“It could last for years, plural. Okay? If everything fails and all these different kinds of relief wells don’t work, it could be spewing stuff into the Gulf until we have dead zones, entire dead zones in the Gulf. For years,” Kaku said.

This video is from NBC’s Today Show, broadcast June 2, 2010.

AP reports today:

PORT FOURCHON, La. – Attorney General Eric Holder said Tuesday that federal authorities have opened criminal and civil investigations into the nation’s worst oil spill, and BP lost billions in market value when shares dropped in the first trading day since the company failed yet again to plug the gusher.

Investors presumably realized the best chance to stop the leak was months away and there was no end in sight to the cleanup. As BP settled in for the long-term, Holder announced the criminal probe, though he would not specify the companies or individuals that might be targeted.

“We will closely examine the actions of those involved in the spill. If we find evidence of illegal behavior, we will be extremely forceful in our response,” Holder said in New Orleans.

Good advice from a little green man…

David Edwards at RawStory notes in a May 30 article that “Oil giant BP has said it is responsible for the Gulf oil spill, but now the company seems to be reserving the right to blame someone else” and that “Fox News’ Chris Wallace questioned the managing director of BP, Bob Dudley, about the company’s poor safety record. While taking full responsibility for the spill, Dudley indicated they may shift that responsibility in the future”.

“We have had this accident in the Gulf, which we’re taking full responsibility for. We’re not blaming anyone yet for it. The investigation of this will determine the causes,” Dudley said on the program to Wallace.

Dudley’s comments come only one day after BP announced that the so-called “top kill” procedure, its latest effort to plug the leak, was a failure.

“Over the last decade, It’s fair to say that BP has had a poor safety record,” Wallace said. “In fact, just over the last three years according to OSHA, the government’s workplace safety agency, BP had 760 what are called ‘egregious, willful safety violations.’ Two other oil companies were next with just eight. How do you explain that, sir?” asked Wallace.

“It primarily goes back to an incident we had in Texas about a half a decade ago where tragedy and explosion of refinery in Houston. Then we’ve had an issue in Alaska as well,” said Dudley.

“In the last three years, the chief executive of the company Tony Hayward has brought in a program top to bottom where we focus on safe and reliable operations and ingrained it in the culture of the company,” he said.

“Forgive me, Mr. Dudley, that hasn’t worked too well, has it?” Wallace said.

AP also reports today that on ABC’s This Week program that Dudley has said that a “relief well is the ‘end point’ of efforts to stop the Gulf oil spill – which suggests there’s little chance of plugging the leak until the new well is completed in August”, and that “that the current attempt to cap the leaking well would at best minimize the oil flowing into the Gulf of Mexico”.

Here is Wallace talking with Dudley on Fox News Sunday, broadcast May 30, 2010.

Energy expert: Nuking oil leak ‘only thing we can do’

Daniel Tencer, RawStory, Saturday, May 29th, 2010 — 7:18 pm

As the latest effort to plug the oil leak in the Gulf of Mexico meets with failure, the idea of nuking the immediate area to seal the oil underground is gaining steam among some energy experts and researchers.

One prominent energy expert known for predicting the oil price spike of 2008 says sending a small nuclear bomb down the leaking well is “probably the only thing we can do” to stop the leak.

Matt Simmons, founder of energy investment bank Simmons & Company, also says that there is evidence of a second oil leak about five to seven miles from the initial leak that BP has focused on fixing. That second leak, he says, is so large that the initial one is “minor” in comparison.

Simmons spoke to Bloomberg News on Friday, before BP announced that its latest effort to plug the leak, known as the “top kill” method, had failed.

“A week ago Sunday the first research vessel … was commissioned by NOAA to scour the area,” he said. They found “a gigantic plume” growing about five to seven miles from the site of the original leak, Simmons said.

Simmons said the US government should immediately take the effort to plug the leak out of the hands of BP and put the military in charge.

“Probably the only thing we can do is create a weapons system and send it down 18,000 feet and detonate it, hopefully encasing the oil,” he said.

[snip]

Asked by a Bloomberg reporter about the risks involved in setting off a nuclear bomb off the coast of Louisiana, Simmons argued that a nuclear explosion deep inside a well bore would have little effect on surrounding areas.

“If you’re 18,000 feet under the sea bed, it basically wont do anything [on the surface],” he said.

Joe Wiesenthal at Business Insider says the idea of using nukes will be getting a lot of attention now that the “top kill” procedure has failed.

Next, the so-called “nuclear option” is about to get a lot of attention. In this case, of course, nuclear option is not a euphemism. It’s the real idea that the best way to kill this thing is to stick a small nuke in there and bury the well under rubble. … By the middle of the coming week, it will be all over cable news, as pundits press The White House hard on whether it’s being considered and why not.

video broadcast on Bloomberg News, Friday May 28, 2010.