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Will Obama’s Tough Talk on BP Backfire?

It is nice that the Obama administration is continuing to put the pressure on BP, but experts ask, “Will Obama’s tough talk on BP backfire?” Concerns have been expressed that the latest round of threats of “finding someone’s ass to kick” from the President helped the price of BP’s stock to plummet to a 14-year low. Although the stocks regained some ground, there is growing concern over the viability of British Petroleum, especially given the ever-increasing dollar value of the clean-up effort, financial compensation for those hit hard by the disaster, as well fines and penalties still yet to be assessed

Lakeview Gusher Oil Spill

Filed under: Disasters,History — Tags: , , — Positronic Dave @ 5:14 pm June 8, 2010

I just read an internet story about the Lakeview Gusher oil spill, back in 1909. This is great. We’re trying to deal with the Gulf of Mexico oil spill; already killing species off, polluting thousands of miles of coast, along with fishing and shrimping industries, etc… and people are arguing if this is, in fact, the biggest spill in history.

Even if it isn’t, we have better things to do right now.

But some say no, the biggest spill ever was the 1979 blowout of the PEMEX “Ixtoc I”, about 75 miles off the Campeche Coast. That leak wasn’t as deep as the current one, but it still spilled 30,000 barrels a day. The leak lasted 295 days until it was finally blocked, stopped, and release-wells drilled to release the pressure. Estimates are 140 million barrels were spilled.

Others say, “Back off Jack! It was the Lakeview Gusher!” But that California spill was maybe 9 million barrels, so no way. Bad for sure, but not in the same league.

I’m going to go out on a limb and not bring up the Exxon Valdez spill, because that too, like the Lakeview Gusher oil spill, was the past. And we have a major disaster today.

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