{"id":25144,"date":"2010-05-14T07:39:40","date_gmt":"2010-05-14T12:39:40","guid":{"rendered":"http:\/\/planetwaves.net\/news\/?p=25144"},"modified":"2010-05-14T14:09:13","modified_gmt":"2010-05-14T19:09:13","slug":"politico-npr-gulf-spill-10-times-worse-than-estimated","status":"publish","type":"post","link":"https:\/\/planetwaves.net\/news\/daily-astrology\/politico-npr-gulf-spill-10-times-worse-than-estimated\/","title":{"rendered":"Gulf spill 14 times worse than estimated"},"content":{"rendered":"
\"\"<\/a>
BP released video of the oil gusher under the Gulf of Mexico, which indicates that the flow is at least 10 times higher than the company has said in its press releases.<\/figcaption><\/figure>\n

UPDATE: The latest from these pathological liars<\/strong><\/p>\n

So their stock is down big time.<\/p>\n

That’s what it’s going to take. The corporation’s obligation to its stockholders is to make them a profit. Therefore, the obvious consequence needs to be: if you do this kind of thing, you will make a loss. That will actually work to keep the pressure on.<\/p>\n

Even in Big Oil, the profit margin is not that impressive — for BP, about 8% of sales (massive salaries are counted as expenses, not as corporate profits). If they had to clean up every mess they made, they would lose money.<\/p>\n

Now for the news, thanks Michele at the North Pole for sending this in:<\/p>\n

Gulf oil spill relatively ‘tiny’: BP boss<\/strong><\/p>\n

LONDON (AFP) \u2013 BP chief executive Tony Hayward claims that the Gulf of Mexico oil spill is relatively ‘tiny’ but admits that his job is at risk over the incident blamed on his company.<\/p>\n

Hayward told Friday’s Guardian newspaper that the leaked oil and the estimated 400,000 gallons of dispersant that BP had pumped into the sea to try to tackle the slick should be put in context.<\/p>\n

“The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume,” Hayward said.<\/p>\n

Asked if he felt his job was under threat, he replied: “I don’t at the moment. That of course may change. I will be judged by the nature of the response.”<\/p>\n

BP is facing a growing backlash in the United States as experts warn the spill may be at least 10 times bigger than an official estimate.<\/p>\n

Hayward insisted that deep-water drilling would continue in the United States despite angry responses to the incident from environmentalists and politicians.<\/p>\n

“Apollo 13 (the unsuccessful third mission to the moon in 1970) did not stop the space race,” he told The Guardian.<\/p>\n

:::Prior version of this post:::<\/p>\n

Via POLITICO<\/p>\n

‘An NPR News Investigation has found that there could be at least 10 times the amount of oil spilling into the Gulf of Mexico from the Deepwater Horizon oil rig than previously estimated. NPR’s Richard Harris asked scientists to analyze a video that BP released of a pipe on the seafloor spewing out oil.<\/p>\n

‘The scientists concluded that 70,000 barrels of oil are spilling into the Gulf each day, plus or minus 20 percent \u2013 14 times higher than the official estimate of 5,000 barrels per day from the U.S. Coast Guard. … [T]hese estimates indicate that the oil spilling into the Gulf has already far exceeded the equivalent of the 1989 Exxon Valdez tanker accident.’<\/p>\n

Go to CNN video featuring interview<\/strong><\/a> with scientist who made the calculation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

UPDATE: The latest from these pathological liars So their stock is down big time. That’s what it’s going to take. The corporation’s obligation to its stockholders is to make them a profit. Therefore, the obvious consequence needs to be: if you do this kind of thing, you will make a loss. That will actually work … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/25144"}],"collection":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/comments?post=25144"}],"version-history":[{"count":0,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/25144\/revisions"}],"wp:attachment":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/media?parent=25144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/categories?post=25144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/tags?post=25144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}