Posts Tagged ‘Gulf of Mexico’

With 90% of up to 4.4 million barrels of oil ‘unaccounted for’, it’s now… still unaccounted for.

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Today, N.O.A.A. senior scientist told Congress that he was wrong about how much oil gushed into the Gulf, how much remains and conceded almost all of it is not accounted for, days after academic researchers ripped his two-week-old report to shreds. Documents reveal BP is withholding information from Transocean regarding the April 20 explosion that caused the gusher.

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Specifics of its agreement with the government reveal BP PLC has not agreed, as is widely reported, to set aside a $20bn escrow fund for the Deepwater Horizon explosion that flooded the Gulf of Mexico with millions of barrels of oil. CNN reported Tuesday morning that University of South Florida researchers are calling the floor of the Gulf “a constellation” oil, based on preliminary observations of images (10:47):

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News and views from around the web posted to the Wonderland Wire:

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Kevin Carson on Lew Rockwell, Jr.’s ridiculous boo-hoo for the plunderers.

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