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Yesterday, the president was successful in getting BP executives to fork over $20 billion – probably just a deposit – towards funding an escrow account to pay claims. The federal government’s success provided clearance for the city of New Orleans to do the same. They want $75 million.
I’ve been meaning to write a more comprehensive post about the Gulf oil spill for more than a week and this post is my attempt to do so. But first I want to quickly note President Clinton’s comments about blowing up the well, and why some engineers think it’s a bad idea.
I received what follows from a very good friend who, it just so happens, is an environmental engineer. It is more than thought provoking. Pay particular attention to the second and third paragraphs.
Because … the media will ride this bad boy harder than a dark horse in a stakes race. In case you are not familiar with the story, Texas Congressman Joe Barton apologized to BP President Tony Hayward this morning for what he called a “shake down” by the President of the United States. The topic…