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WASHINGTON POST: BP says it will cut its tax bill by almost $10 billion by deducting costs related to the oil spill. Scumbaggery at its finest.

“We’re going to make this right” my American ASS.

BP said Tuesday that it plans to cut its U.S. tax bill by $9.9 billion, or about half the amount pledged to aid victims of the disaster, by deducting costs related to the oil spill.

A portion of that could be refunded from taxes BP paid in earlier years.

The company disclosed its intentions as part of its second-quarter earnings report, in which it said it would record a $32.2 billion charge to reflect the costs of the spill.

Under U.S. corporate tax law, companies can take credits on up to 35 percent of their losses.

The credit for BP could mean, however, that taxpayers will indirectly foot part of the bill for the $20 billion fund that BP established to compensate people and businesses harmed by the disaster.

Via inothernews

Filed under bp oilspill corporate taxes

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Some workers also voiced concerns about poor equipment reliability, “which they believed was as a result of drilling priorities taking precedence over planned maintenance,” according to the survey, one of two Transocean reports obtained by The New York Times. “At nine years old, Deepwater Horizon has never been in dry dock,” one worker told investigators. “We can only work around so much.” “Run it, break it, fix it,” another worker said. “That’s how they work.”

Workers on Doomed Rig Voiced Safety Concerns - NYTimes.com

DHK wants to “hang bp by the balls."  I say that’s too good for them, but here’s a start:  Vuvuzelas for BP

Filed under bp

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For more than a decade, BP has operated a hush-hush phone line that California lawmakers can call to request box seats to NBA games and concerts at the Sacramento stadium named after its West Coast subsidiary. BP has given away roughly $300,000 worth of tickets over the past 10 years, handing them out to everyone from lowly assembly clerks to top lawmakers.

BP’s Secret Ticket Request Line | Mother Jones

Via charleshope/mikehudack

Filed under BP

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BP’s fleet has 550 skimmers, with another 500 on the way in the next few weeks fighting the spill. To critics of this cleanup, something in the numbers doesn’t add up. Just weeks before the spill, BP promised the feds it could skim and remove almost 500,000 barrels of oily water a day. Over 78 days of this crisis, that would amount to more than 38 million barrels. But so far, BP skimming has collected only 670,000 barrels. That’s 37 million barrels short.

Read More

Via defendneworleans/dhk

Filed under oilspill BP Skimmers cleanup

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Louisiana police don’t have any right to tell you you can’t walk onto a public beach (even to, as Esman puts it, “roll around in sticky gunky tar that I’ll never be able to get off—if I want to, that’s my right”). However, they do have the right to mislead you about who they’re really working for. In Louisiana, as in many places, it’s legal for police officers to wear their uniforms regardless of whether they’re acting in an official capacity or working for a private corporation. Which is why Andrew Wheelan, the environmentalist mentioned above, was unaware that the cop who pressured him to stop filming a BP building and later pulled him over so that a BP official could question him wasn’t on duty at the time. The Terrebonne Parish Sheriff’s Office told me that the deputy who pulled Wheelan over is just one of 40 in the parish who are working for BP on their own time. And the BP-police collusion goes beyond uniformed deputies moonlighting. In nearby Lafourche Parish, for example, the sheriff’s office is filling 57 security positions a week for BP; the shifts are on the clock, and BP reimburses the sheriff’s office for them.

Cops are for sale in this country.  Don’t you feel safer now?

Mother Jones

Filed under police police state BP corruption oil spill Louisiana

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Ten Myths About The Deepwater Spill, Busted By Oceana

At TedXOilSpill, a daylong event in Washington, D.C. trying to find solutions to the Deepwater Horizon oil spill, Oceana CEO Andrew Sharpless took the time to answer ten questions about oil and energy usually asked by “people who don’t support policies that could create something good out of this catastrophe.” (Oceana is a nonprofit ocean conservation organization calling for an end to offshore drilling.)

Use these when arguing against your cynical uncle or Rush Limbaugh:

1) Isn’t this Deepwater Horizon drilling disaster like an airplane crash? And we don’t shut down avation when planes crash.
A) No, this is not like an airplane crash. In an airplane crash, most of the victims are those who were on the airplane. The victims here are the millions of people living in the Gulf. This is more like the guy who built a campfire in the dry season, against regulations, and burned down the national forest. That’s why we have regulations against building campfires during the dry season: Not because every camper burns down his campsite, but because all we need is one.

2) There are 3600 drilling platforms in the gulf. Are you going to shut them all down?
A) We’re not calling for a shutdown of the platforms, just of drilling. Once you’ve drilled, the risks decrease.

3) Isn’t this just a deep-water problem? Can’t we continue in the shallow water?

A) Ocean drilling in shallow water is very risky. One of the top three oil drilling disasters of all time, Ixtoc 1, was in just hundreds of feet of water. [Sharpless added that last summer, a blow-out on the Montara rig off the coast of Australia spilled millions of gallons of oil in over 10 weeks before a relief well stopped the flow. Montara was just 240 feet underwater.]

4) OK then, don’t we need to keep drilling in the ocean to keep gas affordable?
A) No. We import 60% of our oil. When BP, or any other oil company, discovers oil off the coast of America, do they sell it at a special discount or do they sell It at the price we have already shown we are willing to pay? The market price is set at the world market. Any find in American waters will be sold at the market price. So the people who chanted, “Drill, baby, drill!” two summers ago and said this was a way to solve four-dollar-a-gallon gas, they were wrong.

5) Don’t we need to drill for energy independence?
A) There is a path to energy independence, but it’s not through drilling, in sea or land. As President Obama said, we cannot drill our way to energy independence. But we can become energy independent. [Sharpless added that the United States consumes 20% of the world’s oil, but only has 2% of the world’s reserves.]

6) Don’t we need to drill for jobs?
A) This [Deepwater rig disaster] proves one thing: if you thought ocean drilling was good for jobs, you were wrong. Three hundred thousand recreational fishing jobs in the Gulf have been lost already. Clean investments provide 3 times the jobs per dollar invested.

7.) If we don’t drill, won’t we displace demand to less safe places?
A) America should lead. If our policy is, “We cannot clean up and manage our oceans until the lowest, slowest, most dirtiest, most corrupted government does it,” that is not a path we want to be part of.

8) If ocean wind power is such a good idea, why isn’t it happening?
A) Guess who has been given authority for ocean wind power in America? The MMS, the same people who approved the Deepwater rig.

9) Won’t ocean wind power hurt the oceans?

A) [Sharpless cited studies saying that ocean power can be used safely with little harm to the ecosystem.]

10) Ocean wind power is great, but I don’t use electricity in my car.

A) “Well, I think you will someday,” quipped Sharpless as he walked offstage.

Via mohandasgandhi/nationalgeographicmagazine

Source: http://blogs.nationalgeographic.com/blogs/news/chiefeditor/2010/06/ten-myths-about-the-deepwater.html

Filed under oilspill bp clean energy technology myths lies propaganda