[net-gold] ENVIRONMENT: POLLUTION : WATER POLLUTION : OIL SPILLS : INDUSTRIES: PETROLEUM : BUSINESS: EXECUTIVES BOARD CHAIRMEN CEOS AND TOP EXECUTIVES: BP Oil Spill: Was Tony Hayward Right After All?

From: "David P. Dillard" <jwne@xxxxxxxxxx>
To: Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, "Net-Gold @ Nabble" <ml-node+3172864-337556105@xxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx
Date: Fri, 30 Jul 2010 09:56:18 -0400 (EDT)



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ENVIRONMENT: POLLUTION :
WATER POLLUTION :
OIL SPILLS :
INDUSTRIES: PETROLEUM :
BUSINESS: EXECUTIVES BOARD CHAIRMEN CEOS AND TOP EXECUTIVES:
BP Oil Spill: Was Tony Hayward Right After All?




BP Oil Spill: Was Tony Hayward Right After All?

The disgraced BP boss enraged Americans when he played down the effects ofthe Gulf of Mexico oil spill. Now it seems he was closer to the truth,reports Richard Alleyne.

By Richard Alleyne
Published: 7:09AM BST 30 Jul 2010
62 Comments

Telegraph<http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7918000/BP-oil-spill-Was-Tony-Hayward-right-after-all.html>




A shorter URL for the above link:



<http://tinyurl.com/34jbypb>

The catastrophic explosion on the Deepwater Horizon oil rig that killed 11men on April 20 may have been extinguished quickly but the political andeconomic fallout from the subsequent spill has been unprecedented.

President Obama described it as the "worst environmental disaster Americahas ever faced", and environmental groups spoke in almost biblical termsof "dark shadows" and the "black hand of tar" that would bring disaster tothe Gulf of Mexico. The President and senators on Capitol Hill demandedexplanations from BP referring to it, persistently and anachronistically,as "British Petroleum" and promised to keep their feet on the necks ofits management.

At a cost of billions, an armada of nearly 7,000 boats and 43,000 workerstook to the water, laying 10 million feet of containment barriers,applying 1.8 million gallons of dispersant, skimming and burning millionsof gallons of oil, and cleaning up beaches and wildlife.

As his engineers tried and failed to stem the flow, Tony Hayward, BP'sincreasingly beleaguered chief executive, tried to play down concerns,describing the leak as a "tiny amount" in a "very big ocean", which onlyinflamed American opinion. Agreeing eventually that it was an"environmental catastrophe", he saw his company's share price tumble by100 billion at one point, wiping out 50 per cent of its total value.

The capping of the well two weeks ago and the promise of a $20 billioncompensation fund failed to quell the storm. This week, the pressure on BPseemed even greater as Hayward finally succumbed and stepped down, and thecompany reported a second quarter loss of 11 billion, the biggest inBritish corporate history. Even Greenpeace got in on the act, blockading50 petrol stations in London in protest at BP's policies.

But through all the fog of name-calling, doom-mongering and politicalaccusations, something unexpected has been happening out on the water. Atfirst, it was just camera crews and photographers complaining that theycould not find oiled animals to shoot; then it was the clean-up crewsthemselves who were struggling to find anything to clean. The immensepatches of surface oil that once covered thousands of square miles of theGulf have largely gone, and now just a handful of dead animals all birdsare being reported each day. Furthermore, toxicity levels on the oceanfloor appear to be low.






The complete article may be read at the URL above.





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[net-gold] ENVIRONMENT: POLLUTION : WATER POLLUTION : OIL SPILLS : INDUSTRIES: PETROLEUM : BUSINESS: EXECUTIVES BOARD CHAIRMEN CEOS AND TOP EXECUTIVES: BP Oil Spill: Was Tony Hayward Right After All?

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