Oilpocalypse Day #53
- We all heard of if not seen the BP ads featuring Tony Hayward talking about the company’s response to the Deepwater Horizon oil spill and its commitment to cleaning it up, Well Huffington Post reports the ads, part of a $50M campaign, have been placed on network and cable news networks, but none of the spots purchased by the company have been in local markets in states like Louisiana, Mississippi, Alabama or Florida.
- Multiple teams of scientists studying the flow of oil from the Deepwater Horizon blowout now say the oil released into the Gulf of Mexico ranged from 20,000 barrels a day to as much as 40,000 barrels a day before the riser pipe was sheered off on June 3. At a fine of $4,300 per barrel (per EPA regulations), BP could face a fine of up to $7.74 billion if the 40,000 barrel per day number ends up being accurate.
- Bank of American has estimated BP’s total liability, in a best-case scenario, is $28,000,000,000. That would be on top of their stock losing $80,000,000,000 already. I bet it goes much higher.
- On the Don Imus show today Rep. Darrell Issa (R-CA) was ask how he ever thought we could restore the Gulf region to its pre-spill state. His response, “I’ve made two trips to Alaska and you know our environment heals itself in time.”
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