Tag Archives: Deepwater Horizon

Deepwater Horizon may cost BP $53.8 Billion – 43.1% of it’s current value

Image of the fire from the oil spill

Deepwater Horizon Spill in 2010. Photo: Gerald Herbert, AP.

11 Crew were lost in the explosion and fire on the Deepwater Horizon rig on April 20, 2010. In addition, roughly 5.2 million barrels of oil poured into the Gulf of Mexico during the 87 days between April 20, 2010 when the explosion occurred and July 15, 2010 when the well was capped.

BP, found guilty of “Gross Negligence” and “Willful Misconduct” in the Deepwater Horizon oil spill, (BBC, EcoWatch), has agreed to pay $18.7 Billion over the next 15 years (BP Press Release, Reuters) to settle various claims with the United States, the states of Florida, Alabama, Mississippi, Louisiana and Texas, and others.  This amounts to 14.8% of BP’s current market capitalization.

Pursuant to the agreements, BP will pay $1.1 Billion per year over the next 15 years. While the $18.7 Billion amounts to 14.8% of BP’s current market capitalization of $125.59 Billion, the $1.1 Billion per year is only a loss of 0.88% of BP’s current market capitalization each year.

However,

Continue reading

Energy Portfolios – Simple Analysis re the Fossil Fuel Portfolio

The Deepwater Horizon Spill

The Deepwater Horizon Spill

“You can’t have oil without oil spills.” – Markwayne Mullin, R, Oklahoma. (Official / GovTrack)

Wind and Sun Won’t Spill

In a period when the Dow Industrials rose 30%, the S&P 500 rose 40%, and the Popular Logistics “Sustainable Energy Portfolio” rose 223%, the “Fossil Fuel Portfolio” rose 21%.

This suggests that a paradigm shift is underway in the energy industry.

Continue reading

Reuters: “First spill trial witness: BP put cost cuts over safety”

The oil slick in the gulf

Deepwater Horizon Oil Slick, May 10, 2010.

From Reuters reporting on the BP oil spill trial;  First spill trial witness: BP put cost cuts over safety.

BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster. “There is ample evidence of intense pressure within the system to save time and money,” said Bob Bea, co-founder of the Center for Catastrophic Risk Management at the University of California, Berkeley. “With stress and pressure come sacrifices to safety.” Bea was the first witness for the plaintiffs, the U.S. Justice Department and U.S. Gulf Coast states suing Macondo well owner BP, rig owner Transocean Ltd and well cement provider Halliburton Co. The plaintiffs plan to call Lamar McKay, chairman and president of BP America, to testify as a hostile witness once Bea wraps up. McKay is a member of the London-based oil company’s executive committee, alongside Chief Executive Officer Bob Dudley.

Bear in mind that this was filed after the first day of a long trial. (We think we found access to transcripts at MDL 2179 Trial Docs and Plaintiffs Steering Committee, and provide better daily coverage). It’s likely that things will look worse for BP before they look better.  Of course, there is the possibility that BP, in cross-examining witnesses, and putting on its own case, will be able to demonstrate that that its conduct was entirely proper and honorable.

And also bear in mind that oil gushed into the Gulf of Mexico at the rate of 60,000 barrels per day for 85 days; an approximate total of 5,100,000 barrels of crude oil.

Jonathan Soroko, Esq, is an attorney and an investigative consultant. In addition to writing for Popular Logistics, he writes for Caton Ave and Discovery Strategist blog, where this is posted.

Popular Logistics Series on the Deepwater Horizon / Macondo Spill

  1. Fossil Fuels and a Walk on the Moon, May 3, 2010.
  2. Drill Baby Drill or Drill Baby Oops, May 7, 2010.
  3. The Magnitude of the Spill, May 15, 2010.
  4. One Month After The Spill BP Siphoning 3,000 Barrels Per Day, May 20, 2010.
  5. Deep Water Horizon – The Chernobyl of Deepwater Drilling?, June 2, 2010.
  6. The Deepwater Horizon: 40,000 Barrels Per Day or 70,000, June 13, 2010.
  7. The Deepwater Horizon After the Macondo Well Explosion, June 19, 2010.
  8. Deepwater Horizon – Bombs and Hurricanes, July 1, 2010,
  9. Like a Bad High School Math Problem, July 14, 2010,
  10. Crisis Management and the Gulf Oil Spill, July 16, 2010,
  11. The Deepwater Horizon: The Good, The Bad, and The Ugly, October 7, 2010.

Gold Bricks and Sink-Holes – The Risk & Reward of Fossil Fuel, Solar & Wind

 

3 Gold-BrickOn Dec. 21, 2012, with virtual portfolios of 7 sustainable energy and 7 fossil fuel companies, I launched the Popular Logistics Sustainable Energy simulation, here.

On Feb. 8, 2013, after 6 weeks, after exercising virtual options to invest in 2 additional companies at 12/21/12 prices, I reported the results, here.

  • The Sustainable Energy portfolio is up 12.6%
  • The Fossil Fuel portfolio is up 5.09%.
  • The Dow Jones Industrial Average is up 6.52%
  • The S&P 500 is up 5.52%.
  • The Sustainable Energy Portfolio is up significantly more than the Fossil Fuel Portfolio, and the major indices.
  • The Fossil Fuel Portfolio is up, but lags the major indices.

 

Guatemala-Sinkhole

These results are not that surprising. Continue reading

GDP or GPI? – My metric is better than yours.

Simon Kuznets at Wharton

As any freshman economics student should know, the Gross Domestic Product, GDP, is a measure of spending, derived from the Gross National Product, GNP, defined by Simon Kuznets during the Depression (click here for econlib).  GDP is, at best, an indirect measure of wealth.  The Genuine Progress Indicator, GPI, defined by Think Progress in 1995, measures genuine progress.

Consider the case of Joeseph Q. Bloggs, MBA, J.D., Esq., an investment banker. Bloggs has a J.D. from Harvard or Yale, an undergrad degree from Princeton, Dartmouth, Cornell, or another ivy league school, and a high school diploma from the Citadel or an acclaimed private school. As with his colleagues on Wall Street, he is self-proclaimed “Master of the Universe.” He leaves work one night after negotiating a highly leveraged hostile takeover, buys a Lamborghini, and rents the time of an expensive “friend.”  He buys her an expensive outfit, and takes her to dinner at an the Four Seasons, or a similar expensive restaurant.  He has a few drinks before dinner, a bottle of wine with dinner, and a glass or two of port after dinner.  On the way to the Hamptons, he crashes his Lamborghini into a Ferrari driven by another lawyer / banker / actor / “Master of the Universe.”

Continue reading

Keynes, Reluctance to hire, & 21ST Century Energy

John Maynard Keynes, in black and white, because some ideas are.

in black and white, because some ideas are.

Tweet Follow LJF97 on Twitter   During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.”  While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, the theory must be flawed.   “Business owners are risk averse,” he saw. “A employee needs to be productive, needs to make widgets. But if no one is buying widgets, then contrary to classical theory, factory owners will fire workers and keep capital idle rather than hire workers to create excess inventory. That’s just common sense.”

We see this today.

When unemployment was low, for example in the United States during the tech boom of the 1990’s, people acted on the premise that “There is so much work that we could hire and good people and train them.”  Today hiring managers seem to be acting on the premise that “There are so many people looking for work that they can wait for the perfect candidate.” Perfection being unattainable, jobs go unfilled. This is ok, in this context, because

  • “Budgets are tight.”
  • “The future is uncertain.”
  • “Money not spent on a new hire can be saved or used to pay down debt.”

Keynes also observed that the government is an employer that does not need to worry about going out of business. Building infrastructure is government employment that is investment for the future. These observations are as valid today as they were 80 years ago.

Continue reading

Earth Day, 2011, Where Are We?

Earth, from space, courtesy of the American taxpayer

Earth from Space, courtesy of the American taxpayer. Reto Stöckli, Nazmi El Saleous, and Marit Jentoft-Nilsen, NASA GSFC

Tweet
Follow LJF97 on Twitter
Earth Day, 2010, I looked to the future on Popular Logistics. In 2009, I wrote about water pollution and agricultural waste in the Chesapeake. Today I am looking at the present and recent past. While a comprehensive look at where we are can be found on the web pages of the World Watch Institute, the New York Times, and the World Factbook of the Central Intelligence Agency, I want to make a few points.

Our energy policy is “when you flip a switch, the juice gotta flow.” It ain’t magic. It’s engineering and classical physics, with an understanding of radioactive fission and decay and a profound lack of long term thinking. It ain’t magic, but it might as well be. But we really need to base our energy policy on an understanding of ecological economics and sustainability.

We’ve had a few problems with nuclear power and fossil fuel in the last few years. Yet, there’s some light on the horizon.

Continue reading

Sustainable Investing

To paraphrase Warren Buffett and Charlie Munger, “Buying a good company at a good price is a good idea. Buying a great company at a bargain price is better.” But to note this in light of L’ Affaire Sokol – Lubrizol, “Buying a great company at a good price when a stick-picker on my staff just bought it for his account is a really stupid idea.  And making excuses is even stupider.” (See this article by Joe Nocera at the NYTimes.)

Buffett claims to practice “Value Investing” as defined by Ben Graham, Phil Fisher, Ken Fisher, Joel Greenblatt, Bruce Greenwald, and others. I see “Sustainable investing” as a subset of “Value Investing.” Value Investing seeks to find companies that are currently undervalued by “Mr. and Ms. Market” but that are really effective at delivering Shareholder value. Sustainable Investing would seek to find companies that are currently undervalued but that are really good at delivering Stakeholder value. Continue reading

The Deepwater Horizon – The Good, The Bad, & The Ugly

Oil Eating Bacteria

Oil Eating Bacteria

The good news is that newly discovered bacteria biodegrade oil in the oceans, and have been chowing down on the oil spilled from the Deepwater Horizon  (Earth and Sky, NPR, PBS, SFGATE) and from oil seeps for millions of years.

While it’s unexpected and wonderful that bacteria are biodegrading the oil, is begs the question:

Do we want to fill the seas with oil and oil-eating bacteria or oceans of clean water, coral, oysters, fish, turtles, and dolphins?

And how quickly can they consume the 5.1 million barrels that gushed into the Gulf at a rate of 60,000 barrels per day for 85 days begining April 20, continuing thru May and June, and ending July 15, 2011?

I suspect it will take more than a few weeks, months, or years.

And do those bacteria break down dispersants?

John Ehrenfeld defines “Sustainability” as “Flourishing.” Because they are small and short-lived, shrimp can handle a higher level of toxics than say dolphins, turtles, etc. We will know the Gulf is clean when there are flourishing populations of dolphins, turtles, and larger and longer-lived fauna, and when they have lower concentrations of heavy metals and petrochemicals in their tissues. Continue reading

Crisis (Mis) Management and the Gulf Oil Spill

 

What BP and the Government Could Have Done and Should Be Doing (updated 10/7/10)

The handling of the Deepwater Horizon catastrophe is a textbook study of how not to manage a crisis. The government and the Obama Administration seems to have understated the problem and ceded responsibility to BP, which seems to have acted to protect the Macondo oil field rather than the Gulf of Mexico and the Gulf Coast.

Continue reading

It's Like a Bad High School Math Problem

Oil Spill

Oil and Oceans Don't Mix. From Mining News.

“If oil gushes into the Gulf of Mexico at a rate of 60,000 barrels per day, and it takes 84 days to achieve a capability of “process” the spilled oil at a rate of 30,000 barrels per day, how long does it take to “process” the spilled oil?”

It takes two days to process each day’s gushed oil. So the answer is “2N + 188” where “N” equals the number of days oil gushes into the Gulf beyond the 84 days it took to achieve a processing capability of 30,000 barrels a day. If BP or the government stops the spill effective July 15, 2010, then they will process the oil spilled into the Gulf of Mexico by January 20, 2011. If they are able to stop the flow of oil by August 1, 2010, then it will be Feb 19, 2011, before the spilled oil is “processed.” (Source of image)

And what exactly do they mean by “Process the spilled oil?”

People cleaning up the spill

People cleaning up the spilled oil.

Here’s another problem: “What is the toxicity for people cleaning up, or “processing,” the spilled oil? How much exposure can an average person tolerate? Is BP providing adequate safety gear and instructions? If people working to clean up the spill are reporting “light-headedness” and other symptoms, is that an indication that they have sustained a toxic exposure?” For more details, here is Melissa Taylor’s article, “Doctors call for help protecting Gulf oil spill workers.

This Like a Bad High School Math Problem, is ninth in the series on the Deepwater Horizon / Macondo oil well disaster which began after Earth Day. Other posts include:

  1. Fossil Fuels and a Walk on the Moon,
  2. Drill Baby Drill or Drill Baby Oops,
  3. The Magnitude of the Spill,
  4. One Month After,
  5. The Chernobyl of Fossil Fuels?,
  6. Magnitude, Part 2,
  7. After Macondo, and
  8. Deepwater Horizon – Bombs and Hurricanes.

Deepwater Horizon – Bombs and Hurricanes

Satellite Photo of Alex, NOAA

Satellite Photo of Hurricane Alex, courtesy NOAA

Hurricane Alex has temporarily halted cleanup efforts (Reuters).  Yet the oil continues to gush unabated. Using the Government’s “Improved Estimate,” 2.8 to 4.8 million barrels have gushed into the Gulf in the MONTHS since the April 20 explosion which killed 11 workers. The explosion and spill have destroyed fisheries, tourism, and profoundly disrupted the ecology of the Gulf. Given that the spill of 35,000 to 60,000 barrels per day continues unabated the extent of the damage is unclear.

In “Blow Up the Well to Save the Gulf,” in the NY Times, 6/22/10, Christopher Brownfield, a former nuclear submarine officer, wrote, “President Obama needs to create a new command structure that places responsibility for plugging the leak with the Navy, the only organization in the world that can muster the necessary team. Then the Navy needs to demolish the well. … At best, a conventional demolition would seal the leaking well completely and permanently without damaging the oil reservoir. At worst, oil might seep through a tortuous flow-path that would complicate long-term cleanup efforts. But given the size and makeup of the geological structures between the seabed and the reservoir, it’s virtually inconceivable that an explosive could blast a bigger hole than already exists and release even more oil.”

President Obama instituted a 6-month  moritorium on deepwater drilling. Judge Martin L. C. Feldman of United States District Court, appointed by President Reagan in 1983, stopped the moritorium, writing that the Obama administration had failed to justify the need for such “a blanket … moratorium” on deep-water oil and gas drilling. “The blanket moratorium, with no parameters, seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.” NY Times.

With all due respect to Judge Feldman, the editors at Popular Logistics think that oil, coal, natural gas, mining, drilling, and transport, do present an imminent danger

. Look at the evidence in the Gulf of Mexico, Ecuador, Nigeria, Prince Edward Sound, Montcoal, W. V, upriver of Kingston, Tenn, in the coal mines of China, and in the mercury levels in fish, shellfish, dolphins, and whales. The “Precautionary Principle”  dictates that we must stop drilling and figure out to move off fossil fuels.

Notes

  1. The “improved estimate of the Flow Rate Technical group, of 35,000 to 60,000 barrels per day, announced by Energy Secretary Chu, Interior Secretary Salazar, and Director of the U. S. Geological Survey and Chair of the National Incident Command’s Flow Rate Technical Group (FRTG) Dr. Marcia McNutt on June 15, 2010, is consistent with a scientific analysis of the 70,000 barrels per day reported one month earlier by  NPR May 14, 2010  and a “back-of-the-envelope” estimate of 25,000 to 50,000 barrels per day reported in this blog on May 15, 2010.
  2. The “Precautionary Principle” implies a social responsibility to protect the public and the environment from harm.  In general, the burden of proof that an action or policy is not harmful falls on those taking the action. This allows policy makers to take action in the face of limited scientific data.
  3. The series began after Earth Day and includes Fossil Fuels and a Walk on the Moon, Drill Baby Drill or Drill Baby Oops, Magnitude, Part 1, One Month After, The Chernobyl of Fossil Fuel?, Magnitude, Part 2 and The Deepwater Horizon after the Macondo Well Spill. It will continue indefinitely.

The Deepwater Horizon After the Macondo Well Explosion

An Iceberg

First conclusion of a series that began after Earth Day and includes Fossil Fuels and a Walk on the Moon, Drill Baby Drill or Drill Baby Oops, Magnitude, Part 1, One Month After, The Chernobyl of Fossil Fuel?, and Magnitude, Part 2. )

As I wrote on Earth Day, “In 100 years our descendants will not be burning coal, oil, natural gas or using nuclear fission.  They might be using terrestrial nuclear fusion.  They will be using solar, wind, geothermal, marine current hydro, tidal energy systems – clean, renewable, sustainable energy systems. No fuel: No Waste. No mines, mills, wells, spills. No arsenic, lead, mercury, selenium, thorium – no carbon or fly ash to be contained, sequestered, or to leak.

“We have started.  California and New Jersey lead the U. S. Germany and Spain lead Europe. Boeing and Richard Branson’s Virgin Atlantic want to build aircraft that run on biodiesel.  We need to move forward in a big way – to 100% clean energy in 10 years, to retrain coal miners and oil rig operators to build and run solar arrays and wind turbines, and dig deep geothermal systems.”

Otherwise the Deepwater Horizon Explosion at the Macondo oil field, the oil spills in Ecuador and Nigeria, the coal ash floods like the TVA Kingston Steam Plant, coal mine disasters like at Upper Big Branch, spills like the Exxon Valdez, and events like Three Mile Island and Chernobyl will be ‘”Business as Usual.”

A friend of mine who works for BP, and who would like to work for BP Solar, tells me that most BP staff don’t go to work thinking “How can I destroy the earth today. They are, she says “focused on obtaining and selling oil.”  Few consider themselves environmentalists. Many see this as business as usual. “Oil spills happen,” they say. They are “focused on getting petrochemicals to market.”

The Macondo oil field that was tapped by the Deepwater Horizon could have contained 1 Billion Barrels of crude. It could have been one of the largest oil discoveries in the world .” (Click here for CBS and here for Times of London). The well could gush oil for YEARS and could have met US needs in 2007 – 21 Million Barrels per Day – for 47 days (here).

This volume of crude oil – 1 Billion Barrels – could explain the explosion. The equipment was built to operate at 20,000 PSI and withstand 60,000 PSI. It the pressures exceeded the limits, then the equipment could have failed. Simple. And Catastrophic. When you consider the pressures under 5000 feet of ocean, and the pressure of 1 Billion Barrels of oil, when you have engineers scratching their head saying “I don’t know, I never saw anything like this. What do You think we should do?”  One the thing to do is run like hell.

An Orca

An Orca

As was noted earlier in the series, like the iceberg pictured above and the Orca pictured at left, this is a singularity.  But it has precedents.

  • TVA Kingston: 1.2 Billion Gallons of toxic coal ash sludge, upstream of Kingston, Tennessee, 12/22/08.
  • Chevron Texaco: (alleged) 18 Billion Gallons (428.6 million barrels) of Oil Process Waste, Rainforests of Ecuador, 1964 to 1990.
  • Oil Fires of Kuwait: 6 Million Barrels per Day, up to 6 Months, 1991.
  • Exxon Valdez: 250,000 Barrels, Prince William Sound, 1989.
  • The Niger Delta, in Nigeria, 250,000 Barrels per year for the last 50 years (click here), “Big oil spills are no longer news in this vast, tropical land….has endured the equivalent of the Exxon Valdez spill every year for 50 years by some estimates…. Perhaps no place on earth has been as battered by oil, “
Flares in the Jungle

Flares in the Jungle

The TVA coal ash flood (here, here, here), the Upper Big Branch Mine accident (here, here), and the Deepwater Horizon at Macondo may be the “Trifecta” of American Fossil Fuel Disasters.  But, like the problems in Ecuador (here) and Nigeria (here), these are “Systems Problems” – built into the system. The only way to eliminate them is to change the system.

This is what precisely what some people are trying to do. Students and faculty in the Marlboro MBA in Managing for Sustainability at the Marlboro College Graduate Center in Brattleboro, Vermont. They think about “Changing the Climate of Business.” And they may be are on to something, as are like minded people at the Presidio, the Fowler Center for Sustainable Value, at Case Western, and Columbia University’s Earth Institute.

Here’s an idea that will enable BP to make things right, change their image, and even make money. Suppose BP Solar built new factories in Florida and Louisiana, and hire former petrochemical and seafood workers – and churned out 25,000 to 50,000 PhotoVoltaic solar modules and 1,250 to 2,500 inverters per day. This would be 5 to 10 megawatts per day, 160 to 300 mw per month, 600 mw to 1.2 gigawatts per year.

According to my back of the envelope calculations, we need about 50 gw of solar in this country, along with 200 gw of wind, and 50 to 100 gw of other CRS (Clean, Renewable, Sustainable) generating capacity, so this is a drop in the bucket. But this is real change. It’s defining moment, substantive, shake the cobwebs out of the attic, hurricane force, Dorothy we’re not in Kansas anymore, paradigm shifting change.

BP Solar, or Massey Energy, or Akeena, Evergreen, First Solar, Sunpower, could do the same thing in West Virginia – build factories to manufacture PV Solar Modules and Solar Hot Water Panels, and hire local people to work in the factories.

It is change we can wrap our arms around, change we can celebrate. As President Obama might say, “change we can believe in. ”

This was planned as the Final Post in this series on the Deepwater Horizon / Macondo oil well disaster which began after Earth Day. Other posts include:

  1. Fossil Fuels and a Walk on the Moon,
  2. Drill Baby Drill or Drill Baby Oops,
  3. The Magnitude of the Spill,
  4. One Month After,
  5. The Chernobyl of Fossil Fuels?, and
  6. Magnitude, Part 2.

However, I will continue to offer my thoughts and analysis once or twice per month as the oil continues to gush forth into the Gulf of Mexico.

Gulf Oil Emergency Phone Numbers.

* Report oiled shoreline or request volunteer information: (866) 448-5816
* Submit alternative response technology, services or products: (281) 366-5511
* Submit your vessel for the Vessel of Opportunity Program: (281) 366-5511
* Submit a claim for damages: (800) 440-0858
* Report oiled wildlife: (866) 557-1401
* Medical support hotline:  (888) 623-0287

Deepwater Horizon: 40,000 Barrels Per Day or 70,000?

Deepwater Horizon oil spill in the Gulf of Mexico Sunday, June 13, 2010. Oil continues to flow from the wellhead some 5,000 feet below the surface. (AP Photo/Dave Martin)

The Deepwater Horizon spill. Sunday, June 13, 2010, AP Photo/Dave Martin

Part 6 in a Series that began after Earth Day (1 Fossil Fuels and a Walk on the Moon, 2 Drill Baby Drill or Drill Baby Oops, 3 The Magnitude, 4 One Month After, 5 Like Chernobyl?)

Last month I wrote on Popoular LogisticsBP and the government say … 5,000 barrels per day is reaching the surface and most of the oil – 80%  to 90% – is below the surface. So I think it’s on the order of 25,000 to 50,000 barrels per day.” (click here)

This was a “back of the envelope” reflection of NPR’s analysis, reported May 14 (click here) that the spill was 70,000 barrels per day, with a margin of error of 14,000 barrels – so maybe as low as 56,000 Barrels per Day and maybe as much as 84,000 Barrels per Day.

In their article “Deepwater Horizon round up: it’s worse than you think (again) – June 11, 2010,” Nature.com noted “At the end of May the official estimate was raised again to between 12,000 and 19,000 barrels day. Now the Flow Rate Technical Group has produced a bevy of new estimates ranging from 25,000 to 40,000. Crucially, legal liability established for a spill can be linked to its size.” (click here) and here for the Flow Rate Technical Group.

It looks like I’m in good company. But I’d prefer to be wrong.

I also note that this is “business as usual” for BP and other fossil fuel companies, and compared it to the accident at the Kingston Steam Plant, 12/22/08, the Upper Big Branch Mine, 4/5/10, the Exxon Valdez, and Chevron-Texaco’s alleged dumping of 18 BILLION Gallons

of oil process waste in Ecuador between 1964 and 1990  (click here).

It is obvious to me that we MUST move to a post-carbon economy.

  • 100 gigawatts – offshore wind, $300 Billion
  • 100 gigawatts – land based wind $200 Billion
  • 50 gigawatts – solar $200 Billion (price is going down)
  • 50 gigawatts – marine current – $200 Billion.
  • Clean Energy Infrastructure: $900 Billion.
  • Save the World: Priceless.

Emergency phone numbers.

* Report oiled shoreline or request volunteer information: (866) 448-5816
* Submit alternative response technology, services or products: (281) 366-5511
* Submit your vessel for the Vessel of Opportunity Program: (281) 366-5511
* Submit a claim for damages: (800) 440-0858
* Report oiled wildlife: (866) 557-1401
* Medical support hotline:  (888) 623-0287

The Series, following “Earth Day for the Future”

(Here)

  1. Fossil Fuels and a Walk on the Moon (Here)
  2. Drill Baby, Drill – or Drill Baby, Oops (Here)
  3. The Magnitude of the Deepwater Horizon Spill (Here)
  4. One Month After The Spill BP Siphoning 3,000 Barrels Per Day (Here)
  5. Deepwater Horizon – the Chernobyl of Deep Water Drilling? (Here)
  6. Deepwater Horizon: 40,000 Barrels Per Day or 70,000? (Here)