Disasters

"Under intense pressure from President Barack Obama, BP Plc agreed on Wednesday to set up a $20 billion fund for damage claims from its huge Gulf of Mexico oil spill and suspended dividend payments to its shareholders."

"Facing the possibility that oil from the Deepwater Horizon spill could arrive on its reefs and beaches in the coming weeks, many in the Florida Keys are once again angry about perceived fools and bureaucrats. In particular, they've watched how BP has monopolized and, in the eyes of many, mismanaged the oil cleanup in the northern Gulf of Mexico and are frantically trying to organize an independent local response."

The CEOs of 5 oil giants admitted to a House panel that their spill-response plans for gulf drilling relied on the same boilerplate, inadequate but reassuring, used by BP to claim it could handle a Gulf spill. The Minerals Management Service approved the plans.

Hurricanes could generate strong waves and underwater currents that could damage some of the 31,000 miles of underwater pipeline in the Gulf of Mexico, causing damaging oil spills, a newly published scientific study says.

After BP's senior drilling engineer testified that BP and contractors had worked in concert to build the safest possible well, Congressional investigators released email suggesting he was not telling the truth.

"The official estimate of the flow rate from the leaking gulf oil well has surged again, with government officials announcing Tuesday that 35,000 to 60,000 barrels (1.47 million to 2.52 million gallons) of oil a day are now gushing from the reservoir deep beneath the gulf."

"The man appointed Tuesday by President Obama to oversee offshore oil drilling has no experience with oil and gas issues, but he has a reputation for cleaning up embattled organizations."

WDSU, the NBC affiliate in New Orleans (Channel 6) find that BP's highly publicized statement that it is not barring news media from witnessing the cleanup, or its failure, are in fact not true. Without any legal authority, BP "security" contractors aggressively seek to intimidate and drive away reporters trying to cover the spill and response on public beaches.

"President Obama urged the nation Tuesday to rally behind legislation that would begin changing the way the country consumes and generates energy, saying the expanding oil spill in the Gulf of Mexico is 'the most painful and powerful reminder yet that the time to embrace a clean energy future is now.'"