Let’s talk about BP
After the President’s failed attempt to inspire confidence in us in his speech last night, where he spent more time trying to push cap and tax legislature than he did actually describing how they planned to fix the problem, I figured it would be a good idea to discuss some of the facts.
1. BP itself hasn’t existed as British Petroleum in some years. They merged with Amoco in 1998 .
2. The Deepwater Horizon oil rig is owned and operated by Transocean on behalf of BP – who is the majority owner of the oilfield they are drilling.
3. The drill is owned and operated by Halliburton who also built the well casing.
4. BP does have a record of environmental, and employment issues.
5. Last night the President blatantly lied when he said we were drilling a mile out because we were exhausted our own resources. You see the government actually won’t allow companies to drill closer where if there was a spill it would be easier to clean up.
6. The answer to the problem according to the President is more regulation. But in the same sentence he talks about how the current regulation is corrupt and he’s firing people – who he himself had hired. So is he saying that he hired corrupt people?
7. The President refused to waive the Jones act and let offers from other companies and countries like the Netherlands and Norway assist who have more know-how and equipment to help with this situation.
8. There is a company with booms and more equipment waiting to be utilized since the spill first happened sitting idle in MA. The federal government has not acted on this.
I’d like to know what people think they are doing when they a)vandalize a BP filling station and b) say they want to boycott bp. Seriously, what exactly do you think you’re doing? One who is going to pay for the oil-spill if BP goes out of business? The same idiots vandalizing and boycotting – tax payers.
On the same line, who do you think owns these BP branded filling stations? Very few are actually owned by BP itself – most are franchise stores that may not even be fully stocked with BP fuel – they may get their fuel from other sources as well, just like all filling stations. They may get their fuel from a local Citgo, or Shell, or No-Name brand fuel just so they can restock their supply of gasoline. So who are they hurting by boycotting? The store owners, the small businesses just trying to make a living. Real smart you idiots.
So what is the solution? The government obviously is lacking centralized leadership. BP and its associates are to blame yes, but the way to fix this is not to throw them under the bus and tie their hands – its to work with them, to provide a central project plan that includes utilizing resources from outside the US. The solution is not to have another speech, but to lead and take control of the situation. Not to call BP in and yell at them some more – what does it accomplish? After you have resolved the spill. Then take the time to setup a commission and determine the damage caused by incompetence by BOTH BP and our own government regulators. There is plenty of blame to go around but we need to fix this first.
Meanwhile the environmental nut-jobs have their own group on flickr with tons of logo alterations. Funny yes. Productive, no.
Some new facts that should anger you even more. George Soros funds the Center for American Progress, who made the suggestions that OUR President took and did, like having BP set aside an escrow account to pay out the gulf coast, and to form a commission on the accident, and suggested they shut down oil drilling in the gulf. Thus the drilling platforms which employed Americans are now going to be leased/moved to Petrobas the state owned oil company of Brazil.
Americans will loose their jobs and new jobs will go to the Brazilians as they drill deeper than the deepwater horizon’s mile deep platform.
Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium on offshore drilling boosts available rigs for the country’s deep water oil exploration program.
Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.
But it gets better as guess who owns a stake in the Brazilian oil company Petrobas? Geroge Soro’s company Soros Fund Management LLC.
George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.
You can’t make this stuff up. Seriously. But wait! There’s more! Just when you thought it couldn’t get any freaking worse. Guess who is paying to help the drilling? YOU ARE!
The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount.
That’s right, the US is loaning money to Brazil to drill using the very oil rigs that the president just shut down.