The Gulf of Mexico Oil Spill IS NOT OVER

According to this exclusive report on CNN, the seafloor of the Gulf of Mexico about 40 miles west of Panama City, FL is a toxic sludge composed of speckled droplets of dispersed oil… moving east.

[H/T Ryan Bartek]

While the right-wing media machine diverts our attention to the “Ground Zero Mosque” and “anchor babies,” our magpie brains are forgetting about the Deep Horizon disaster. More importantly, we’re forgetting about the genesis of this disaster – the rampant deregulatory culture, the lax safety procedures – which, we might say, are features of the contemporary media culture as well, which chases sham political controversies instead of concentrating on matters of true importance.


Could Relief Come Sooner?

If you listen to the media storm at the moment, a lot of people are debating whether or not these relief wells will finally shut down the gushing oil in the Gulf of Mexico. Tomorrow is the fourth of July, so I wanted to impart you with a little bit of optimism to share around the grill. For weeks, the progress of both relief wells have been ahead of schedule, and the first well is only hundreds of feet from it’s target. It isn’t a certainty, but in this case the technology BP is using to stop the well is actually a technology they heavily invest in, drilling. If there is one thing they have progressed in the last 30 years, it’s the ability to make big holes.

And now BP has been letting it slip that they may reach the beast and stop it sometime in July. Jordan Burke and Jessica Resnick-Ault write for Bloomberg Businessweek

The target date for intercepting the leaking well and pumping in mud and cement to permanently seal it is still mid- August, U.S. National Incident Commander Thad Allen said today on a conference call with reporters. The well is within 600 feet (182 meters) of intercepting the leak, he said.
“They are ahead of schedule at this point,” Allen said. “I am reluctant to tell you that it will happen before the middle of August because I think that everything associated with this spill and response recovery suggests that we should under- promise and over-deliver.”
BP diverted 25,150 barrels of oil from the leaking well to surface vessels yesterday. The Macondo well is estimated to be spewing 35,000 to 60,000 barrels a day, according to a government-led panel of scientists. The well started leaking after an April 20 explosion on the Deepwater Horizon, causing the drilling rig to sink and killing 11 crew members.
Royal Bank of Scotland Group Plc analysts David Cline and Barry MacCarthy said the first relief well may be completed between July 7 and July 12, according to a note to clients yesterday. Pritchard Capital Partners LLC analysts Brian Uhlmer, Anuj Sharma and William Conroy said in a June 29 note that the well would be intercepted between July 7 and July 9.

From the British Pen

A lot of folk have been trying to convince me that pension funds are dividing Americans from their friends across the pond. I think a lot of it is media driven, a common phrase I don’t use very often. Maybe I should.

If you ask me, you shouldn’t gamble with retirement. If your savings are investing, that isn’t the same as a savings account. Risk is risk. Anyhow, have fun reading the Guardian,

In the 59 days since the oil leak in the Gulf of Mexico, Hayward has been transformed into one of the most hated men in the US, and the ferocity of the encounter between him and the House of Representatives committee on energy and commerce was much-anticipated. As one committee member noted: “The anger at BP is at fever pitch. It’s almost palpable.”

The committee has been conducting an aggressive inquiry into the gusher, and called Hayward in to answer specific charges of suspected safety lapses and shortcuts in the design plan of the well in the days before the explosion on the ill-fated Deepwater Horizon rig.

But Hayward, who had been carefully coached by legal and media teams and was testifying under oath, failed to satisfy.

“The committee is extremely frustrated with your lack of candour,” Bart Stupak, who is leading the investigation told him. “You are the CEO. You have a PhD. We hope you have more candour in your responses.”

The reprimand was just a taste of the rancour towards Hayward. He was told by angry committee members that BP had a history of cavalier disregard for environmental rules and workers’ safety.

Hayward’s claims to have ushered in a new regime of safety after taking over as chief executive of the company in 2007 were plainly ridiculed.

“When I heard of the explosion in the Gulf, the name that immediately popped into my mind was BP,” said Stupak.

read more.