Russel Peters has a
great clip on what Obama must be thinking about the BP oil spill in the Gulf of Mexico."I will not tolerate more finger pointing or irresponsibility," he said after meeting with top advisors to discuss the growing oil spill, which British Petroleum has tried and failed for three weeks to stem or even slow.
Experts now fear oil may be spewing from the site at a rate of 70,000 barrels (2.9 million gallons) a day, more than 10 times faster than a Coast Guard estimate of 5,000 barrels (210,000 gallons) a day. I had earlier posted about how many days the U.S. had to avert the worst disaster in history
here.(Rough estimate of lost revenue $ 5.6 million per day $80/pbl) Those predictions of containing this spill may be too conservative.
If BP is insured for this spill, what company is going to pay?
Russel Peters has a great clip on what Obama must be thinking about the BP oil spill in the Gulf of Mexico."I will not tolerate more finger pointing or irresponsibility," he said after meeting with top advisors to discuss the growing oil spill, which British Petroleum has tried and failed for three weeks to stem or even slow.
5 comments:
If we're lucky Obama will shut down offshore drilling, putting upward pressure on oil prices ultimately benefiting Alberta and eventually the rest of Canada by virtue of all those tax dollars that pay for Quebec and Ontario's social programs.
Buy all those companies who want to install big wind fans along the Gulf of Mexico - yeah, that would work ...
The crude oil spill is nothing compared to the snake oil spilling continually from the White House.
Which is more harmful and expensive to clean up after?
The insurance companies, Canadian ones too, are having rough days on the market. Usually, a big basket of insurance companies share the insurance ontake of major oil companies. Even if, Suncor for example, is responsible for less than 1% of the claim, it will still be a big hit for Suncor.
I meant to say "Sunlife" not Suncor.
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