NYT: Yes, BP Could Go Into Bankruptcy

By: Sunday July 11, 2010 6:49 am

At almost every step of the way, BP’s efforts to cap the well spewing oil into the Gulf have wound up making things worse. Let’s hope this doesn’t continue, but for now, we have an uncapped well putting at least 35,000 barrels and maybe as much as 100,000 into the water today (I don’t know why WaPo is foregrounding the 15,000 barrels the last containment dome was catching, implying that no more oil would flow). You can read BP’s entire plan for the next several weeks, both the new cap and the timeline for the relief wells, in this letter to Thad Allen.

 

The Largest “Accidental Oil Spill” in History: Lessons of BP’s Deepwater Horizon Disaster, Day 60

By: Monday June 21, 2010 12:45 pm

As the oil spill disaster in the Gulf of Mexico approaches its 2-month mark, there are a few points that deserve to be made, as update. The world is now starting to appreciate the enormity of this disaster, which is likely already the largest “accidental” oil spill in history.

BP Chair Svanberg: “I Cannot See That Any Other Form of Organisation Would Stand a Better Chance”

By: Wednesday May 26, 2010 3:11 pm

Fifty-some years ago, the UK recruited America’s help to overthrow the government of Iran to protect BP’s stake in that country because that was seen as the appropriate role for government by those mid-century Anglo-American Masters of the Universe. Now, we’re at that point where our government and BP appear to agree that it is the appropriate role of the corporation that caused a massive disaster to take charge of cleaning up that disaster.

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