The lip service in Washington is just getting out of control.
Obama slams the oil companies, declaring that the cozy relationship between the oil industry and federal regulators is going to end.
Why did we have to wait until this disaster before the President decided to make such a bold declaration?
Ranking member of the Senate Energy and Natural Resources Committee, Lisa Murkowski, has introduced legislation that would make sure BP meets its commitment to pay all the claims from this oil spill.
Do we really need legislation for this?
Should we expect BP to walk away from its obligations if there is no legislation? Give me a break.
Screw legislation. If they don't pay up, arm the victims and let 'em loose on the bastards!
And of course, we can't forget the gaggle of senators that put on that dog and pony show a couple of weeks ago...
What I find interesting is that they didn't get around to mentioning the $8,603,375 that's been ponied up in campaign contributions from the oil and gas industry this year... But not a second was wasted creating a very well-publicized lecture, complete with questions they all knew would amount to nothing more than finger-pointing.
Of course, they never seem to ask the most important question of all:
How many hoops do we have to jump through before we realize that our dependence on oil is destroying this country?
Drill Baby, Shhhh!!!
This isn't rocket science, folks.
The cost of this oil spill is now expected to run as high as $12.5 billion. And I think that's a conservative estimate.
Let's face it: No one really knows what the long-term effects will be to the now oil-laden ecosystems that help cycle our water and shoulder our food chain.
What is the value of a wetland that can no longer support fish stocks, filter pollution or stabilize shorelines?
I bet it's a hell of a lot more than $12.5 billion.
There's no reliable data on that just yet, although I suspect we'll find out soon enough...
In the meantime, the tone is once again changing in the U.S. when it comes to offshore oil. The echoes of "drill, baby, drill" have nearly gone silent; the anti-clean energy rhetoric has been hard to come by these past few weeks.
Does this mean we could be looking at the end of domestic offshore oil exploration?
Not a chance.
The demand for oil is alive and well.
But with this recent tragedy, you better believe that alternatives are getting another boost of momentum.
And whether it's with natural gas trucks, electric cars, high-speed rail, or increased fuel economy standards, Green Chip investors have yet another opportunity now to profit from those technologies and initiatives that are helping us lessen our dependence on oil.
In fact my colleague Nick Hodge has landed 4 double-digit gains in the past month — just from cleantech stocks alone.
Take a look:
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Calgon Carbon (NYSE: CCC) – Sold for a 21.45% gain
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Romag Holdings (LSE: ROM) – Sold for a 17.9% gain
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Power-Save (OTCBB: PWSV) – Sold for a 77.7% gain
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Cosan (NYSE: CZZ) – Sold for a 60.8% gain
And he's got five more — all in double-digit territory as we speak — that he recommended earlier this week... while the Dow was tanking!
Thanks to a special "clean energy market" algorithm called the R-Track System, Nick's been knocking them out of the park this year — just as he did last year and the year before, too.
You can learn more about Nick's R-Track System here.
To a new way of life, my friends... and a new generation of wealth,
Jeff
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GOING BACK TO THE LICENCES APPLICATION.
#1 BP SUBMITTED, as part of there permit application, THE VALVE AND DECLARED IT SAFE. EVEN THEN THE VALVE WAS KNOWN TO HAVE A 50% FAIL RATE. NO GOOD AT DEP DEPTHS WERE HUMAN DIVERS CANNOT GET ACCESS.
#2 IF THE REMARKS MADE ABOUT THE VALVE HAVING PROBLEMS BEFORE IT WAS EVEN LOWERED ARE CORRECT AND IF IN FACT THERE WAS/IS A "BATTERY" MISSING THEN THERE MAN ON THE PLATFORM IS THERE REP AND SO BP IS RESPONSIBLE.
#3 IF BP WANTED THE SEA WATER REPLACING THE MUD IS CORRECT AND THERE WERE WARNING SOUNDS THEN SAFETY FIRST,SHOULD HAVE BEEN THE LAW AND OPERATIONS STOPPED UNTIL THEY COULD GET TOP LEVEL ANSWERES. *NOT WAIT FOR AN ANSWER*
#4 THERE WERE PRESSURE CHANGES AND THIS IS ALL THERE SHOULD HAVE BEEN NEEDED TO SHUT DOWN OR IF THEY COULD HAVE CHANGED BACK TO THE MUD WHILE WAITING FOR TOP MAN AND IF THE PRESSURE STOPPED THEY WOUOLD HAVE KNOWN THEY WERE RIGHT TO CHANGE.
#5 HIND SIGHT IS GREAT WHEN IT DOES NOT COST BUT BLIND "FOOLS RUSH AHEAD TACTICS" HAVE NO ROOM WHEN OUR ENVIRONMENT IS AT STAKE.ERR ON THE SIDE OF SAFETY NOT ON COSTS FOR DELAY SHOULD BE THE **LAW**
#6 YES BP AND ANYU OTHER COMPANY THAT HAS THESE KINDS OF ERRORS SHOULD BE 100% RESPOONSIBLE OR CEO OF THAT COMPANY CAN BE HELD LIABLE AND THERE ASSETS SEIZED TO PAY COSTS. NOT THE PUBLIC BY MEANS OF FED PAY OUT AND GAS PRICES JUMPING LIKE THEY DID IN THE ALASKA SPILL. THE CEO LOST NOTHING NOT A DIME BUT THE PUBLIC PAID AT THE GAS PUMPS.IF UNDER THESE CONDITIONS THE COMPANY DECLARES BANKRUPCY THEN THE LAW SHOULD BE CHANGED TO INCLUDE ALL CEO's ASSETTS WOULD BECOME PART OF THE DISASTER RECLAMATION PROCCESS.THEN YOU CAN BET YOUR BOTTOM DOLLAR THAT THEY WILL NOT COVER THE TRUTH UPWHEN FILING FOR PERMITS ETC.
#6 ITS ONE THING FOR A COMPANY TO OUT FOR BAD MANANGEMENT BUT NOT WHEN THE WORLD IS MADE TO PAY FOR THERE HIDDEN PROBLEMS
There's no way you can honestly say Clinton and Dubya were more principled than Obama. I'm not saying I'm an Obama fan, but I'll take him over the last two idiots any day of the week.
It's one thing to dislike Obama because you disagree with him on policy. It's another just to look for any opportunity to hassle the guy.Which is clearly what you are doing.
There's no way you can honestly say Clinton and Dubya were more principled than Obama. I'm not saying I'm an Obama fan, but I'll take him over the last two idiots any day of the week.
It's one thing to dislike Obama because you disagree with him on policy. It's another just to look for any opportunity to hassle the guy.Which is clearly what you are doing.
AND she offers legislation that will gut the Clean Air Act and restrict the EPA's ability to regulate proven toxics.
Really!
and BP=CEO
If I am not mistaken that oil slicking around 3-Million barrels a day. The impact to the environmental damage is just mind boggling and still is going on since more than 40-days ago, or 4 months was it. How to stop that leak A.S.A.P. must be technically feasible and utilised before.