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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (85947)6/15/2010 7:41:11 PM
From: FJB  Read Replies (1) | Respond to of 224776
 
Expect BP to be public enemy No. 1 in the climate debate.

There’s a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.

In February, BP quit USCAP without giving much of a reason beyond saying the company could lobby more effectively on its own than in a coalition that is increasingly dominated by power companies. Theymade out particularly well in the House’s climate bill, while natural gas producers suffered.

But two months later, BP signed off on Kerry’s Senate climate bill, which was hardly a capitalist concoction. One provision BP explicitly backed, according to Congressional Quarterly and other media reports: a higher gas tax. The money would be earmarked for building more highways, thus inducing more driving and more gasoline consumption.

Elsewhere in the green arena, BP has lobbied for and profited from subsidies for biofuels and solar energy, two products that cannot break even without government support. Lobbying records show the company backing solar subsidies including federal funding for solar research. The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina.

Ex-Im has also put up taxpayer cash to finance construction of the 1,094-mile Baku-Tbilisi-Ceyhan pipeline carrying oil from the Caspian Sea to Ceyhan, Turkey—again, profiting BP.

Lobbying records also show BP lobbying on Obama’s stimulus bill and Bush’s Wall Street bailout. You can guess the oil giant wasn’t in league with the Cato Institute or Ron Paul on those.

BP has more Democratic lobbyists than Republicans. It employs the Podesta Group, co-founded by John Podesta, Obama’s transition director and confidant. Other BP troops on K Street include Michael Berman, a former top aide to Vice President Walter Mondale; Steven Champlin, former executive director of the House Democratic Caucus; and Matthew LaRocco, who worked in Bill Clinton’s Interior Department and whose father was a Democratic congressman. Former Republican staffers, such as Reagan alumnus Ken Duberstein, also lobby for BP, but there’s no truth to Democratic portrayals of the oil company as
an arm of the GOP.

Two patterns have emerged during Obama’s presidency: 1) Big business increasingly seeks profits through more government, and 2) Obama nonetheless paints opponents of his intervention as industry shills. BP is just the latest example of this tawdry sleight of hand.

Once a government pet, BP now a capitalist tool

Read more at the Washington Examiner: washingtonexaminer.com



To: Hope Praytochange who wrote (85947)6/15/2010 8:25:38 PM
From: FJB  Read Replies (3) | Respond to of 224776
 
Oil-spill flow rate estimate surges to 35,000 to 60,000 barrels a day

By Joel Achenbach and David Fahrenthold
Washington Post Staff Writer
Tuesday, June 15, 2010; 7:03 PM

washingtonpost.com


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 dramatic increase in the estimated flow rate raises the question of whether BP and the government were fully prepared to cope with the hydrocarbons spewing up through the gulf floor.

Currently BP has the capacity to capture only 18,000 barrels of day coming from the well. A second method of tapping the well, one that will add up to 10,000 barrels of capacity, will take oil and gas through the "choke" line on the blowout preventer that was used in the "top kill" operation last month. Instead of drilling mud going down the line, oil and gas will be brought up the line to a ship at the surface, where BP plans to burn the oil and gas in two separate flares.

But as it has become apparent that the well is spewing far more oil than originally estimated, the Obama administration has pressed BP to add additional capacity to capture it. BP responded this weekend with a new plan that will put enough vessels on site by the end of June to handle 53,000 barrels a day, and the company said it will ramp that up to 80,000 barrels by the middle of July.

"As we continue to collect additional data and refine these estimates, it is important to realize that the numbers can change. In particular, the upper number is less certain -- which is exactly why we have been planning for the worst case scenario from the beginning and why we are continuing to focus on responding to the upper end of the estimate, plus additional contingencies," Secretary of Energy Steven Chu said in a written statement.

Eric Smith, of the Tulane Energy Institute, said BP should have had more ships standing by to handle the flow from the well.

"I think everyone was shocked when they peaked out in terms of . . . capacity," Smith said.

"The total flow out of this thing is pretty impressive. This is a wicked formation," said physical oceanographer Ian MacDonald of Florida State University. "The gas is what they can't control, what they couldn't control, what drove the explosion and killed all the people. That's the power behind this dragon."

The rising estimate has become a central feature of the oil spill narrative. Originally the government pegged the spill at 1,000 barrels a day, then soon raised that to 5,000 barrels, then 12,000 to 19,000 barrels, and then, just last week to 20,000 to 40,000 barrels (840,000 to 1.68 million gallons).

But that last estimate, largely based on research by government-appointed scientists known as the Flow Rate Technical Group, came with a caveat: They were looking at older data, including video taken of the damaged riser pipe when it still had multiple leaks.

After the pipe was cut on June 3, and a containment cap placed on it, the flow became easier to estimate. In the past 24 hours scientists have taken direct measurements of pressures inside the so-called top hat that is collecting oil and gas.

James Riley, a professor of mechanical engineering at the University of Washington, and a member of the flow rate group, said his team, which looked at high resolution video of the geyser after the riser cut, saw evidence of an increase in flow, "but not a dramatic increase." He stressed, however, that it's not an exact science.