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Leak finally plugged but Obama faces his own Gulf crisis

admin /27 May, 2010

Leak finally plugged but Obama faces his own Gulf crisis

SIMON MANN

May 28, 2010

Crunch time ... a  video released by BP shows equipment being used to try to plug the gushing oilwell in the Gulf of Mexico.

Crunch time … a video released by BP shows equipment being used to try to plug the gushing oilwell in the Gulf of Mexico.

WASHINGTON: Engineers have stopped the flow of oil and gas into the Gulf of Mexico from a gushing BP well, the federal government’s top oil spill commander, US Coast Guard Admiral Thad Allen, said yesterday.

The “top kill” effort, launched the day before by industry and government engineers, had pumped enough drilling fluid to block all oil and gas from the well, Admiral Allen said. The pressure from the well was very low, but persisted, he said.

Barack Obama has been under political pressure over the disaster with influential Democrats, together with exasperated coastal officials, demanding that Washington take charge of efforts to stop the leak as well as the multibillion-dollar clean-up.

As the oil that gushed freely for 37 days, Louisiana officials pleaded with the administration to intensify its involvement.

“This is an embarrassment to our country,” said Bill Nungesser, president of Plaquemines Parish, the municipality south-west of New Orleans that is home to one of America’s biggest fishing communities and which is taking the brunt of the spill.

Choking with emotion, he accused the Coast Guard and the well operator, BP, of failing to protect Louisiana’s world-significant coastal marshlands.

Thick oily residue up to a metre deep has inundated the area within more than 120 kilometres of spoilt coastline, and continues to penetrate saturated booms. 

The three stupidest things said about the BP oil spill

admin /27 May, 2010

The three stupidest things said about the BP oil spill 91

Since the Deepwater Horizon oil rig went down in the Gulf last month, there have been two unstoppable gushes: one from the ocean floor and the other from the mouth of BP’s top executive, Tony Hayward. Here are three of his worst:

1. “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.”
Tony Hayward, May 13, 2010

2. “I think the environmental impact of this disaster is likely to be very, very modest.”
Hayward, May 18, 2010

3. “Do I feel that anything I’ve done I would have done differently? Not at all.”
Hayward, May 18, 2010, after previously admitting in an interview published May 14, “We made a few little mistakes early on.”

Hayward easily holds the top three gaffes about the gusher, but as a bonus, here are four more oiy-ly instances that have slipped into the running.

Gunns chairman John Gay quits

admin /27 May, 2010

Gunns chairman John Gay quits Updated 15 minutes ago Gunns chairman John Gay is quitting the timber company and all its subsidiaries. (ABc News: Josh Goodyer) Gunns chairman John Gay has announced he is quitting the timber company and all its subsidiaries. In a statement to the Stock Exchange, Gunns Limited says Mr Gay is Continue Reading →

Kevin Rudd to backflip on mining tax rate

admin /27 May, 2010

Kevin Rudd to backflip on mining tax rate

100527 graphic mining tax

Date/Time: 2010:05:27 02:04:58 Source: The Australian

THE Rudd government is moving towards a major backdown on its $12 billion tax on resources, redefining its proposed super-profits levy, but the big mining companies have declared the changes do not stop the risk to investment in Australia.

Only three weeks after unveiling the new resource super-profits tax, the government is preparing to lift the threshold definition of a super profit from 6 per cent to 11 or 12 per cent following a ferocious campaign by the mining companies.

To offset the lost revenue in raising the threshold to the same level as the existing petroleum resources rent tax, which applies to offshore gasfields, the government intends to withdraw the 40 per cent taxpayer-funded compensation originally offered for mining projects that fail.

But all the major mining companies have rejected the new proposals as “tinkering at the edges” and not addressing the main risk to mining investment in Australia. The mining companies are demanding more negotiation with the government on the issues of the retrospective application of the new tax, different rates for different minerals and the 40 per cent tax rate.

EU carbon trading scheme failing to cut pollution, campaigners warn

admin /26 May, 2010

EU carbon trading scheme failing to cut pollution, campaigners warn

Campaign group Sandbag says the European emissions trading scheme is failing to reduce enough CO2 emissions

Carbon trading

The EU emissions trading scheme risks being rendered irrelevant, warn campaigners Sandbag. Photograph: HAYDN WEST/PA

Sandbag yesterday released analysis (pdf) showing how Europe‘s carbon caps have turned into a carbon trap.

This analysis is launched ahead of the European Commission’s communiqué expected this week, which will analysis the options for moving beyond a 20% emissions reduction target. Leaked versions of the communiqué have been widely circulated and indicate that the EU acknowledges there are problems with the systems and the oversupply of permits, recommending removing 1.4bn tonnes from the scheme from 3013-20. Sandbag analysis shows that that this number is too low, for caps to become effective 2.3bn tonnes need to be removed.

A summer heatwave will not affect our ground water

admin /25 May, 2010

A summer heatwave will not affect our ground water

It is dry winters that lower water tables and decrease river fl

Paul Brown is right to imply that “building houses across the south without any reference to available water supply” is not a good idea, especially at a time of climatic uncertainty (Weatherwatch, 10 May). He is also right that in southern England “the last three years [have seen] heavier than normal summer rainfall”.

I would however take issue with him that it is only this unusual summer rainfall that has “maintained” the flows of the south’s rivers for the last three years, and I disagree strongly that “a single dry summer, maybe this one, will find us out”.

As I am sure Brown knows, aquifers (layers of permeable rock) receive most of their recharge during winter and early spring, when plants are not growing and the soil is not grabbing most of the rainfall; it is therefore dry winters that pose the problem for ground-water resources, not dry summers.