Posts Tagged ‘Oil Spill’

New Oil Cap Being Put in Place

July 12th, 2010 | Posted in BP Oil Spill by Seth Bloom | No Comments »

BP is in the process of putting a new cap on the gushing well in the
Gulf of Mexico. After removing the older, temporary cap a few days
ago, oil has been flowing into the Gulf unobstructed. The new cap,
which has the potential to stop the oil flow completely, should be
completed today. If successful, the well will under go tests to see
if there is any other underground leaks of oil, and then will be shut
in until relief wells can be finished next month.

While the entire region hopes this new cap is successful, its
placement does not make the oil spill “contained” as BP and many
lawmakers will likely argue. In fact, much of the damage has yet to
even be felt by the Gulf Coast region, and the effects of this
disaster are likely to reach far beyond the point when BP finally
stops all of the oil from leaking into the water. If you or anyone
you know has or will be affected by the actions (or lack thereof) of
BP in this disaster, please contact Bloom Legal at 504-599-9997 so
that we can fight on your behalf and help you get on the road to
recovery.

Louisiana Judge’s Investments Under Scrutiny

July 10th, 2010 | Posted in BP Oil Spill, Courts, Local Issues by Seth Bloom | No Comments »

In the wake of U.S. District Judge Martin Feldman’s decision to lift the ban on offshore drilling established by President Obama, supporters of the moratorium have raised concern about whether the judge should have recused himself because of energy investments he made that could have led to a biased ruling.

Feldman owned stock in Exxon-Mobil, which had plans to drill in the Gulf of Mexico, but were set back by the moratorium. The judge also held stock in Allis-Chalmers Energy Inc., a Houston company that provides services and equipment to oil and gas companies in the Gulf of Mexico, and Transocean Ltd., the company that owned the Deepwater Horizon rig that exploded on April 20.

An Associated Press investigation launched in June showed that more than half of the federal judges in districts affected by the BP oil spill have significant investments in the oil and gas industry.

Judge wants to end moratorium

June 23rd, 2010 | Posted in BP Oil Spill, Courts by Seth Bloom | No Comments »

On Tuesday, U.S. District Court Judge Martin Feldman stated that there should be an injunction on the federal moratorium for drilling in the Gulf of Mexico during the next six months.  Instead of allowing the executive branch to perform its duties with regard to environmental safety, Feldman believes that there is no focus on the human safety with regard to economic concerns.  After hearing of this motion from the judge, the White House pronounced an appeal to the Court of Appeals for the Fifth Circuit, located in New Orleans.  Some fear that this process will draw out, and wind up as a standstill even after the six month moratorium is finished. 
 
With more information released about Judge Feldman, rumors that he still has investments in Transocean Ltd., the company that owns the Deepwater Horizon Rig have started to form.  Considering that on his last two financial disclosure reports the company has been present, there have been many questions brought up to Feldman, but he has been unable to be reached. 

Inefficiency Causing Concerns for Louisiana’s Coast

June 11th, 2010 | Posted in BP Oil Spill, Local Issues by Seth Bloom | No Comments »

BP executives tried to defend their actions on Wednesday at the State Capitol during a hearing about the unresolved issues resulting from the oil spill. Fingers were pointed at BP and also the federal government for a lack of efficiency in dealing with protection of the coast, processing of claims, shortages in funding, and insufficient seafood contamination tests. Many fear that there will not be enough resources to adequately fix the problems resulting from the oil washing up along the Louisiana coast. Without a proper plan on how to protect the coast, many are left questioning the authorities and the inefficient manner with which they are going about this.

Executive director of the Louisiana Workforce Commission, Curt Eysink, is disappointed with how BP is dealing with those who have lost their jobs as a result of the oil spill. He said that BP is not even giving precise information about their database of claims. While on the other hand, BP sais they have set up 25 offices in the region with 700 employees to deal with the claims on a daily basis. Only 21 payments have been made of $5,000 to those companies that have filled out claims, but they will not be able to survive on that small amount of money.

This slow resolve will lead to many abandoning their occupations in the seafood industry, and send them to unemployment lines to acquire food stamps and other forms of payment to live on. Terrebonne Parish President Michael Claudet fears that this will have a strong psychological effect on the people, which will surely outweigh the physical damages of this catastrophe.

Oil Expansion: Deep Water Horizon Spill Reaches Florida

June 7th, 2010 | Posted in BP Oil Spill by Seth Bloom | No Comments »

Within the last few days, the oil spill from BP’s Deep Water Horizon rig in the Gulf of Mexico has reached the tourist driven regions of Florida. On the beaches where thousands of people come to visit each year, tar balls are starting to take route with the seaweed by washing up along the shore with the fluctuations of the tides. The first industry that saw the effects of this negligence on behalf of the energy giant, BP, was the Louisiana and Mississippi fishermen. But now that the oil is extending its range with thousands and thousands of gallons leaking out every day, it seems that the tourist driven coasts of Florida might be plagued this summer with a decrease in the amount of visitors.

While BP is claiming to be capturing more and more leaking oil everyday, the leak has still not been stopped, and incredible amounts of it are still washing around in the gulf. But this claim was enough to have BP’s stocks turn in the positive direction in recent days. Regardless of that, there is still much work to be done to preserve the coastal environment and the industries that are receiving the biggest blows from this human-caused disaster.

Deepwater Horizon Sinking “Disastrous”

April 30th, 2010 | Posted in BP Oil Spill by Seth Bloom | No Comments »

The explosion on the Deepwater Horizon oilrig on April 20th and its subsequent sinking two days later has left the Gulf of Mexico facing a potential disaster. The explosion has left 11 men presumed dead, and 4 others in critical conditions. However, equally as concerning is the long-term ramifications of this accident. Some fear that this could surpass the Exxon Valdez disaster in 1989, the largest oil spill in US history, where 10.8 million gallons of crude oil leaked. It is estimated that the well is currently leaking 210,000 gallons per day with no certain date for when it can be stopped in sight.

Many fear that this massive amount of crude oil will be devastating to tourism and fishing industries in the Gulf. Dr. George Crozier, the head of the Marine Biology program on a small island along Alabama’s Gulf Coast, argues, “This is the fertile crescent, a good percentage of the seafood production in the Gulf of Mexico is east of the Mississippi River. And I am not equipped to tell you it’s going to be this many dollars, but if we are looking at a decade of impact with reduced production I think that’s my long-term concern.” Another major area of concern is for some of the Gulf’s famous populations of oysters, crabs, and shrimp.

The federal government has responded to this incident by placing a moratorium on new drilling in the Gulf of Mexico until the cause of the incident is discovered. Some experts feel that it is most likely a cementing failure, as this is the most common cause of accidents on rigs from 1994-2007, accounting for 18 of the last 39 blow outs, according to the United States Minerals Management Service. BP (British Petroleum), the company that operated the rig, is liable for the clean up per the 1990 Oil Pollution Act.

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