Oh sure it is easy to skewer the CEO of BP on Capitol Hill but what good does that do for the people suffering down in the Gulf! Democrats got their pound of flesh and spewed their anger and outrage at Tony Heyward, yet at the same time what are these sanctimonious politicians doing to help contain the damage in the Gulf of Mexico.
The Deep Water Horizon exploded back on April 20, yet the Obama administration still refuses to make an all out effort to clean up and contain the spill.Deroy Murdock of Scripps News writes that 3 days after the explosion, ... the Dutch offered to sail to the rescue on ships bedecked with oil-skimming booms. They also had a plan for erecting protective sand barricades.The embassy got a nice letter from the administration that said, Thanks, but no thanks,' Dutch consul general Geert Visser told the Houston Chronicle's Loren Steffy. Then after initially refusing to name them, the State Department on May 5 declared that 11 other countries and the UN also had offered skimmer boats and other assets and experts to prevent the oil from destroying dolphins, crabs, oysters, and this disaster's other defenseless victims.
Alas, they were turned away by the State Department statement. While there is no need right now that the U.S. cannot meet, the U.S. Coast Guard is assessing these offers of assistance to see if there will be something which we will need in the near future. Foreign Policy's Josh Rogin translated this into plain English: The current message to foreign governments is: Thanks but no thanks, we've got it covered.Got It Covered? In the days since the explosion it seems the federal government is standing in the way of progress.
While politicians up on Capitol Hill talk about how long Tony Heyward gets to answers their questions, we are still waiting for answers to ours. When are we going to get some leadership down in the Gulf? When will President Obama quit bowing down to the unions and wave the Jones Act so we can save the livelihoods of the people down in the Gulf. When is he going to lift the drilling moratorium that was only done to cover him with the cover himself with the environmental lobby?
While costing companies and oil workers their jobs and putting business that service the oil industry basically out of business. Do not tell how many jobs your administration has saved or created. Tell me how many that you are now destroying. Look at yesterday's weekly jobless claims that showed that jobless claims increased by 12,000 to a seasonally adjusted 472,000 the highest level in a month and last month's private job creation that was pathetic.
Or the Philly Fed that shows that manufacturing may be contracting in one of the bright spots in this economy. Let's get someone down in the Gulf who can make good quick decisions instead of impede progress.
Louisiana Governor Booby Jindal has been begging for a decision maker. His latest clash with the Feds is reported by ABC news reports that, Eight days ago, Louisiana Gov. Bobby Jindal ordered barges to begin vacuuming crude out of his state's oil-soaked waters. Today, against the governor's wishes, those barges sat idle, even as more oil flowed toward the Louisiana shore. It's the most frustrating thing, the Republican governor said today in Buras, La. Literally, yesterday morning we found out that they were halting all of these barges.
Sixteen barges sat stationary today, although they were sucking up thousands of gallons of BPS oil as recently as Tuesday. Workers in hazmat suits and gas masks pumped the oil out of the Louisiana waters and into steel tanks. It was a homegrown idea that seemed to be effective at collecting the thick gunk. These barges work. You've seen them work. You've seen them suck oil out of the water, said Jindal. The Coast Guard ordered the barges to stop.
So why stop now? The Coast Guard came and shut them down, Jindal said. You got men on the barges in the oil, and they have been told by the Coast Guard, Cease and desist. Stop sucking up that oil. A Coast Guard representative told ABC News today that it shares the same goal as the governor. We are all in this together. The enemy is the oil, said Coast Guard Lt. Cmdr. Dan Lauer. But the Coast Guard ordered the stoppage because of reasons that Jindal found frustrating.
The Coast Guard needed to confirm that there were fire extinguishers and life vests on board, and then it had trouble contacting the people who built the barges. The Louisiana governor couldn't overrule the Coast Guard said he didn't have the authority though he said he tried to reach the White House to raise his concerns. They promised us they were going to get it done as quickly as possible, he said. But every time you talk to someone different at the Coast Guard, you get a different answer.
After Jindal strenuously made his case, the barges finally got the go-ahead today to return to the Gulf and get back to work, after more than 24 hours of sitting idle.All along the Gulf Coast, Governors are asking, Who's In Charge? Who is in charge? Yes, BP needs to be dealt with but so does the Gulf which should be Job 1. Lets put the oil workers back to work and then get all the help we can from all of the sources we can. Obama promised change yet the times are changing.
If you can't lend a hand then get out of the way.Oil and product disconnected a bit yesterday due in part to strong Asian demand and in part because of a refinery issue. Bloomberg reported that Valero Energy Corp. said the sole fluid catalytic cracker at its McKee refinery in Texas may be shut until at least the middle of July for repairs after an upset yesterday.
The plant receives feedstock from northern Texas, Oklahoma, Kansas and eastern Colorado. It obtains oil from storage in Cushing, Oklahoma, the delivery hub for Nymex's crude contract, according to Valero's website. That means of course that supply may continue to rise in Cushing putting future downward pressure on NYMEX and helping the premium in the Brent.
Natural Gas gave is a bit of a bullish surprise when the Energy Information Agency reported that a smaller than expected injection of 87 Bcf. Stocks were 2 Bcf higher than last year at this time and 313 Bcf above the 5-year average of 2,230 Bcf.This weekend will be hot so gas demand will be strong. The Atlantic is getting slightly more active then yesterday with a new disturbance to watch that currently has a 20% chance of becoming a hurricane.
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