B P Oil Spill could wind up off Lake Worth

Photo circling the world

Hold this thought – "The worst is yet to come."

As mentioned previously, our City Commission made a Resolution banning oil drilling off of our coast. This was NOT a political move as suggested by Mr. Blackman. This was an environmentally responsible move by the entire Commission and made BEFORE this horrible catastrophe.

I have said this on numerous occasions—we just have one horrible catastrophe and another one comes of equal value or worse. Right now the worst one is the oil spill in our Gulf. You have to wonder if there is ever any corporate oversight and responsibility or is it all about making money? Charlie Crist is now saying oil exploration off Florida’s coasts may not be a good idea.

The SEC is supposed to watch over the securities industry. It doesn’t. Then there are our banks. They brought down our entire economy. A bank's primary federal regulator could be the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision. We even had to bail out Freddy Mac and Fannie Mae.

We have no one looking out for us with any degree of competence. The police tell us because they could get killed in their line of duty that they must have a step raise. NO one told them to become a policeman. They knew the risks, so it is not a “buyable” argument for me. Crime is running rampant and is escalating no matter what figures they want to give to the public. Police have total job security for life.

The illegals are coming in droves because our Federal Government refuses to deal with the problem. Some like to tell us it is a trade off—the illegals work for Cooley wages thus bringing down costs. PROVE THAT it brings down costs. It is against federal law and our politicians refuse to protect the citizens of this country.


And now for the oil spill. I read the containment effort was costing BP, the third largest global energy company and the 4th largest company in the world, $6 million/day -- BP annual profit of $24.0 Billion averages out to $65.0 Million per day. That’s not even a drop in their greedy swine bucket, as someone recently said.

The agency that oversees oil exploration in federal waters is US Minerals Management Service had no immediate comment on the incident. The agency oversees drilling in federal waters. (I stated it twice because I don't believe anyone is watching the store) The US Chemical Safety and Hazard Investigation Board says that it is considering investigating the rig fire. The board, which investigates other oil industry fires and incidents, has not previously investigated accidents on rigs. It investigated a 2005 fire and explosion at a BP refinery in Texas City. 15 employees were killed and many injured in this accident.

At the worst-case figure of 336,000 gallons a day, it would take more than a month for the amount of crude oil spilled to equal the 11 million gallons spilled from the Exxon Valdez in Alaska's Prince William Sound.

According to Wikipedia, “Gulf state shrimpers sued BP over the oil spill with Transocean and Halliburton (God, that corporation again) named as defendants. Two similar lawsuits, filed late on Wednesday in U.S. District Court in New Orleans and on Thursday in the adjacent Gulf Coast state of Alabama, accuse the companies of negligence.”

In March, British Petroleum made a $ 7 billion deal with Devon Energy Corporation that included assets in Brazil, Azerbaijan and the Gulf of Mexico of 240 oil leases where it is already the largest producer of oil and gas. The transaction was contingent on government regulatory approvals.

The latest news today says that this oil spill, because of the current, could "wind up off Palm Beach County's beaches in just a matter of days."

BP’s stock price is down 12.9% in 5 days.