If I was interested enough I might have followed some of the debate which must have been going on about who is really to blame for this. BP has the contract, so the bills come back to them. However they were not carrying out the work. The name haliburton came to attention before because they were ripping off the US and ultimately Iraq for work they were plainly failing to carry out after the invasion. If that was anything to go by, this is their fault, but I dont see anyone much saying haliburton has failed to stop the leak.
Instead people seem to be concentrating on whether BP somehow cut corners. The people who died when the rig exploded were the ones who suffered most immediately. There is a limit on how far an employer could push its contractors into doing risky things, even if it was deliberately trying to do so. So I find it hard to credit BP had cut a deal which both parties believed was dangerous with transocean/Haliburton. Much more likely BP cut a tight commercial deal with willing parties, who then themselves cut whatever corners led to this mess. BP is at fault for not choosing a better contractor, but it remains to be seen exactly how much better the available alternatives might be.
But to return to the issue, I hear no calls for Haliburton not to declare a dividend, nor transocean. Lots of calls addressed to BP. Maybe this is not true in the US, but it is here. From my perspective it looks like BP will get the bill for something not directly under its control while the others who did the deed are not under the same contractual liability to the US government. The US is going after the only one it has directly on the hook.
Obama is becoming increasingly desperate because he will get the blame for this for as long as it continues. Yet there is absolutely nothing he can do about it. All he can do is threaten to get tough with the only party he can legally get at, BP. It makes no difference what he says to what BP does. I dont for 1 minute think they said 'oh dear, lets do nothing unlesss the president complains'. What they have tried might be pretty ineffective but I imagine it is the best that could be done.
BP is an important company for the UK economy. Ditto for the Us, but the US is bigger overall so the impact is less. The UK economy is flaky, at best. It does not need extra panics. Obama is creating a panic. What the British economy needs is calming words emphasising the up side for BP even if they are doomed to bancruptcy. What the president needs is to talk up the pain he will inflict on BP and how he will tear BP to pieces, even if in the end it only costs them 1 years profits. We are at a point where british national interest is in conflict with the presidents personal interest. Which is why a number of movers and shakers in Britain are starting to say it is time to tell Obama where to get off.
And there's another one lining up to whack the Obama pinata.
Maybe he could go do some bush hogging? Seriously doll, you can do soo much better.
"President Obama will make his most extensive trip to the gulf coast yet, visiting Mississippi, Alabama and Florida on Monday and Tuesday of next week, the White House announced late Tuesday.
He will "further assess the latest efforts to counter the BP oil spill," the White House said. The trip, his fourth trip to the region, fills a scheduling hole created when Obama canceled a trip to Indonesia."
his fourth trip to the region in his life? Or since he's been in office?
He hasn't been down there 4 times since the oil leak
his fourth trip to the region in his life? Or since he's been in office?
He hasn't been down there 4 times since the oil leak
The fact is, he's been down to New Orleans multiple times since the Oil spill happened. In fact, trips to two other countries were cancelled so he can focus on the Gulf Oil situation. A far cry from "playing golf" as you so adamantly put it.
Do you really get off intentionally lying around here?
yes, you are right. The next most obvious thing to blame after BP is whoever gave them the contract to do the drilling and set the terms. Apart from the problem of being blamed personally, I doubt Obama has changed his mind on wanting to allow drilling, because there is no choice. So he also does not have the option of coming forward and saying it was an unfortunate accident, and accidents are inevitable. He is treading the course of blaming company X but saying company Y will do better next time.
Brilliant post, Dandy. Everything I wanted to say, but better put, lol.If I was interested enough I might have followed some of the debate which must have been going on about who is really to blame for this. BP has the contract, so the bills come back to them. However they were not carrying out the work. The name haliburton came to attention before because they were ripping off the US and ultimately Iraq for work they were plainly failing to carry out after the invasion. If that was anything to go by, this is their fault, but I dont see anyone much saying haliburton has failed to stop the leak.
Instead people seem to be concentrating on whether BP somehow cut corners. The people who died when the rig exploded were the ones who suffered most immediately. There is a limit on how far an employer could push its contractors into doing risky things, even if it was deliberately trying to do so. So I find it hard to credit BP had cut a deal which both parties believed was dangerous with transocean/Haliburton. Much more likely BP cut a tight commercial deal with willing parties, who then themselves cut whatever corners led to this mess. BP is at fault for not choosing a better contractor, but it remains to be seen exactly how much better the available alternatives might be.
But to return to the issue, I hear no calls for Haliburton not to declare a dividend, nor transocean. Lots of calls addressed to BP. Maybe this is not true in the US, but it is here. From my perspective it looks like BP will get the bill for something not directly under its control while the others who did the deed are not under the same contractual liability to the US government. The US is going after the only one it has directly on the hook.
Obama is becoming increasingly desperate because he will get the blame for this for as long as it continues. Yet there is absolutely nothing he can do about it. All he can do is threaten to get tough with the only party he can legally get at, BP. It makes no difference what he says to what BP does. I dont for 1 minute think they said 'oh dear, lets do nothing unlesss the president complains'. What they have tried might be pretty ineffective but I imagine it is the best that could be done.
BP is an important company for the UK economy. Ditto for the Us, but the US is bigger overall so the impact is less. The UK economy is flaky, at best. It does not need extra panics. Obama is creating a panic. What the British economy needs is calming words emphasising the up side for BP even if they are doomed to bancruptcy. What the president needs is to talk up the pain he will inflict on BP and how he will tear BP to pieces, even if in the end it only costs them 1 years profits. We are at a point where british national interest is in conflict with the presidents personal interest. Which is why a number of movers and shakers in Britain are starting to say it is time to tell Obama where to get off.
Brilliant post, Dandy. Everything I wanted to say, but better put, lol.
Apparently (according to scientists), the spill - altho awful - is not as terrible as it initially seems. Since it's a natural substance (rather than refined) the chances are it will biodegrade naturally over coming months, possibly no more than 4 months after the leak is fully plugged. Also - the leak has apparently now slowed to a trickle, and the spill itself is only 1/3 of the size of the Torrey Canyon spill. Still not great - but perhaps not as permanently catastrophic as is being painted? Can't verify these claims as I'm not a scientist, so I guess we'll have to wait and see.
If I was interested enough I might have followed some of the debate which must have been going on about who is really to blame for this...
"I see there is a thread about the oil leak, but it seems to be debating people rather than events. Is this leak serious or a storm in a tea cup?
Best case scenario seems to be 1billion dollar bill for cleanup. Embarassment all round.
Worst case, BP goes bankrupt. oil just goes on flowing. For years. destruction of all coastal industries in the area. Total ban on offshore drilling, resulting in worse oil shortages for the US in 10 years time. UK economy gets a good chunk of the pain since uk holdings in BP are wiped out and UK loses 40bn a year in income?
So where are we on this scale?"
Our president is too blame for this backlash. He has done little or nothing in dealing with the oil spill, other than a photo op here and there.<snip>
Why on Earth Hasn't Obama Spoken with BP's CEO?
http://news.yahoo.com/s/realclearpol...ith_bp039s_ceo
Obama, like Nixon in 1969 and G.H.Bush in 1989, happened to be POTUS when an oil disaster occurred. Your cited yahoo article is laughable, rubbish as the prior men in their eras or Obama talking to oil industry CEOs, such as BP's, wouldn't stop the oil spill, as Tom Bevan, the author of the article, well knows. Obama isn't responsible for stopping the oil leak. That responsibility, by contract, lies with BP and not the federal government. BP has to stop the oil leak, pay for any environmental damage from the disaster and the oil clean up. Obama has aided BP by having the Coast Guard coordinate the federal government's efforts to clean up oil and protect areas of the Gulf coast from oil slicks. Unfortunately, after repeated attempts and promises of success, BP has yet to stop the oil leak.
The fact is, he's been down to New Orleans multiple times since the Oil spill happened. In fact, trips to two other countries were cancelled so he can focus on the Gulf Oil situation. A far cry from "playing golf" as you so adamantly put it.
Do you really get off intentionally lying around here?
Whats multiple? 3? only twice in 39 days. By the ways he goine golfing 32 times since he took office He certainly had no problem getting his photo ops in with the Duke Blue Devils and the US world cup soccer players not to mention Paul McCartney. I whish that old prune would shrivel up and die already.
The president is ...responsible for making sure BP doesn't drag their feet, present incorrect figures related to damage extent, or make any other effort to cover their asses at the expense of an expedient clean up effort - of which there is evidence that they are.