Fausta's Blog

American and Latin American Politics, Society, and Culture

June 16, 2010 By Fausta

Obama’s Big Spill speech

Like Stacy, I didn’t watch President Obama’s speech last night because I was busy on something else. Besides, as readers of this blog may remember, I usually read the transcripts instead of watching politicians’ speeches since that way I’m looking at content instead of body language, intonation, etc.

You can watch the video on YouTube in 12 parts. Here’s part 1:

Here is the transcript of last night’s speech.

You can summarize the speech into this:

  • It’s a disaster. But “it’s more like an epidemic”.  Which is it, then?
  • “make no mistake: We will fight this spill with everything we’ve got for as long as it takes”
  • There’s a cleanup going on
  • Chu won a Nobel Prize
  • “Wrenching anxiety”
  • Obama’s finally going to meet with the chairman of BP
  • More bureaucracy to come: National Commission, new Csar, more regulation.  “Cleaning house”.
  • A lawyer with no oil industry knowledge or experience will be in charge.
  • Moratorium on offshore drilling, green jobs, “the need to end America’s century-long addiction to fossil fuels”, bottom line = it’s going to cost you
  • And if that fails, pray.

Even the guys at MSNBC were underwhelmed: MSNBC Trashes Obama’s Address: Compared To Carter, “I Don’t Sense Executive Command”. Hardly surprising, since there wasn’t any.

Richard Fernandez:

Though ‘cleaning house’ is not exactly the same as knowing how to fix a leak or supervise oil drilling, it may have to do. But maybe it’s close enough for government work. And the intention is to fix things someday. Fix it so’s we never to drill. And for that we look to Cathay. The President in his speech from the Oval Office said that America was falling behind China in Green Jobs and he was not going to let that happen.

Countries like China are investing in clean energy jobs and industries that should be here in America. Each day, we send nearly $1 billion of our wealth to foreign countries for their oil. And today, as we look to the Gulf, we see an entire way of life being threatened by a menacing cloud of black crude.

We cannot consign our children to this future. The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now. Now is the moment for this generation to embark on a national mission to unleash American innovation and seize control of our own destiny.

In that Green paradise Birnbaum may have a future after all, after Bromwich finishes cleaning house. But not everybody believes this grandiose scheme will come to pass because if the current administration can’t plug a hole, or talk to a company about how to plug a hole, then that glittering prospect at overhauling China at Green Jobs may be  beyond it’s competence to attain. Overhauling more than a trillion industrious Chinese will be harder than meeting one BP CEO. And the implication of what the state of the administration’s competence is may be depressing. The most lugubrious site on the Internet after the President’s speech is the comments section of the Huffington Post, because what do you know, not even die-hard liberals are buying it. A few die hard optimists point out that “Yes, BP will lose billions from this oil spill, but they’ll make TRILLIONS when the new Energy Bills passes”. After all, BP helped write it: “McConnell Charges That ‘Major Part’ of Democrats’ Cap-Trade Bill ‘Essentially Written by BP’”. But for many of the other commenters such consolations were inadequate; the truth was painfully obvioius. There’s nobody home. And it’s beginning to dawn on them that maybe there never was anybody home. This means that for next two and half years America will be trailing a slick of blood, like a giant wounded whale, careering across the seas like the ghost ships of yesterday’s legend, bound for nowhere but the horizon.

But that’s in the future. The immediate problem is right here, right now. Little Miss Atilla:

It seems to me that the President is jumping the gun in discussing long-range plans for alternative energies. I can see that there isn’t a moment to lose in tackling the problems at the Minerals Management Service, but that’s as far-reaching as he should get right now while the oil is still flowing at this prodigious rate.

It’s as if the Brits and the U.S. Congress had held their hearings on the Titanic disaster while people were still drowning. Let’s save their lives, and then talk to the shipbuilders about their construction standards, shall we? Get people out of the icy-cold water, and afterward you can form all the damned commissions you want.

Indeed.

Instapundit has a mini-roundup.

Speech done. Time to suck up a Bushwacker with a straw.

UPDATE
Obama’s clean energy pivot goes awry

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Filed Under: Barack Obama, energy, politics Tagged With: BP, Fausta's blog, Gulf oil spill

June 16, 2010 By Fausta

BP: Cause and effect… on the shareholders

Two bits of breaking news, since, if you’re a BP shareholder, you’ll be left with two bits,

BP preliminarily agrees to $20B escrow account to handle claims

BP and the Obama administration have reached a preliminary agreement under which the company will place $20 billion in an escrow account to pay claims stemming from the oil spill in the Gulf of Mexico, President Obama announced Wednesday after meeting with senior BP officials.

The agreement calls for BP to make two payments into the escrow account this year, then a payment each quarter over the next several years until the $20 billion amount is reached. Obama also announced that BP had agreed to create a $100 million fund for oil industry workers left jobless.

The fund will be administered by Kenneth Feinberg, the Washington lawyer who oversaw a similar fund for victims of the Sept. 11 terror attacks and who more recently was the Obama administration’s special master for executive compensation.

And there goes the dividends:
BP Suspends Dividend
Oil Company Also Pledges $20 Billion to Fund Compensation for Gulf Spill as Investors Worry About Further Liability

BP PLC said it was canceling dividend payments for much of this year, a move that will disappoint shareholders but will help to ease the political pressure the company has come under since its well began spilling oil into the Gulf of Mexico.
…
In a statement, Chairman Carl-Henric Svanberg said the board regretted the move, but concluded it was in the “best interests of the company and its shareholders.” He said canceling the dividend would underline BP’s commitment to meeting its obligations on the spill and would bring “greater clarity” to the company’s shareholders.

The company said it was canceling its previously declared first-quarter dividend and would not be paying interim dividends in the second and third quarters either. It said it would decide later whether to restart dividends in 2011.

In other BP news,
Brazil Reviews BP Purchase of Devon Energy Assets, Times Says

Brazil’s oil-industry regulator is reviewing BP Plc’s $7 billion agreement to buy deep-water assets owned by Devon Energy Corp. of the U.S., the London-based Times reported.

The Agencia Nacional do Petroleo, which grants licenses and supervises safety in the Brazilian oil industry, told the newspaper the transaction is being examined and no decision has yet been taken on whether to approve it.

The purchase of Devon Energy assets in Brazil’s Campos and Camamu-Almada basins, which lie at depths of as much as 2,780 meters (9,120 feet), as well as two onshore licenses in the Parnaiba basin, was announced on March 11.

Magda Chambriard, who heads the Brazilian watchdog, and Raphael Moura, the official responsible for safety issues, will meet with BP in Houston next week for talks on the Deepwater Horizon catastrophe in the Gulf of Mexico, the newspaper said.

Spokesmen for both BP and Devon said yesterday there’s no indication that permission for the transaction, which also includes assets in the Gulf of Mexico and Azerbaijan, will be withheld, the Times added.

The stock has already been downgraded, and the price is falling.

UPDATE:
How about the “medium” and “large” people?

Don’t cry for BP too much.

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Filed Under: Barack Obama, business, news Tagged With: BP, Fausta's blog, Gulf oil spill

June 15, 2010 By Fausta

While Obama talks, Jindal acts

Tonight President Obama is scheduled to talk on TV about the Gulf oil spill, after he compared the spill to 9/11 and spent four hours working on his golf crisis. You may call it his pet golf moment, if you are so inclined.

Meanwhile, over at the Gulf, after eight long weeks of waiting for the federal government to authorize what’s needed, Gov. Bobby Jindal Orders National Guard to Build Barrier Wall Off Louisiana Shore

In Fort Jackson, La., Jindal has ordered the Guard to start building barrier walls right in the middle of the ocean. The barriers, built nine miles off shore, are intended to keep the oil from reaching the coast by filling the gaps between barrier islands.
…
Today, huge Blackhawk and Chinook helicopters lined up in the air, dropping sandbags one by one into the sea.

“They are lifting up about 7,000 pounds of sandbags,” said 1st Lt. James Tyson Gabler.

Jindal also asks Obama to end the moratorium on the gulf:

Gateway Pundit explains,

Barack Obama’s oil drilling moratorium will cost tens of thousands of American jobs. Oil companies are planning on moving their rigs from the Gulf of Mexico to South America off the coast of Brazil where the government is more friendly to energy corporations.

At Patterico, DRJ notes,

Just over 10 days ago, BP and the Obama Administration authorized the construction of five barrier islands. Hugh Hewitt said that represented 2% of what Jindal wanted. Apparently Jindal has decided to go forward with the remaining 98%.

Kudos to Gov. Jindal for taking the initiative.

I hope the governors of each of the Gulf states also take the initiative and do what is needed.

The White House remains in denial: Dutch say They Could Speed Gulf Oil Recovery with US Permission

Louisiana and The Netherlands have developed strong ties since Hurricane Katrina flooded New Orleans five years ago. The European nation has developed special expertise in protecting its lower than sea-level land for centuries with a system of dikes. The country, home to the Royal Dutch Shell oil company, also has experience with mitigating oil spills in the North Sea and elsewhere.

White House Press Secretary Robert Gibbs last week rejected the idea that the Jones Act has caused any problem in regard to the Gulf cleanup, but he said the president would provide a waiver if one is needed.

“We are using equipment and vessels from countries like Norway, Canada, The Netherlands,” said Robert Gibbs. “There has not been any problem with this. If there is the need for any type of waiver that would obviously be granted, but we have not had that problem.”
…
Floris Van Hovell says Dutch dredging ships could complete the sand berms in Louisiana twice as fast as the local companies contracted for the work, if allowed to do so.

Question: Why hasn’t the President waived the Jones act? Senator Lemieux of Florida is in the news right now asking exactly that question: “There are over 2,000 ships waiting. Why aren’t they heading to the Gulf?”

In a lighter vein, Scrappleface speculates about tonight’s speech.

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Filed Under: Barack Obama, energy, government, oil Tagged With: Bobby Jindal, Fausta's blog, Gulf oil spill, Louisiana

June 15, 2010 By Fausta

It’s time for decisive action, not more political posturing.

Andrew Malcom takes out the big stick, hits Obama with it:
4th time: See Obama see the oil spill. Hear Obama talk the oil spill. So, what’ll he say tonight?

Here’s the deal: For whatever reason — wishful, political or ignorance because oil spills are a relative rarity in Obama’s old South side Chicago state Senate district — the nation’s Top Talker was late to be seen reacting seriously to the gooey catastrophe.

Nine days elapsed before he could fit a look-see in between mini-vacations and DNC fundraisers and this summer’s White House music presentations and a White House picnic for Congress and graduation warnings about making excuses in life and re-campaigning for his healthcare legislation, which so many of us thought he had already signed.

By the time Obama made his first Louisiana trip and didn’t see one drop of oil, Republican Gov. Bobby Jindal was nine days into his now eight-week full-time devotion to directing and listening and talking and consoling.

As one result, Magellan Strategies’ new poll of 1,030 likely general election….

…voters in the once-staunchly Democratic state of Louisiana finds the GOP governor’s approval rating at 66% while 60% now disapprove of the president’s spill job.

The nation’s CEO did get out the Costa Rica proclamation on Monday. And he’s already laid on yet another fund-raising trip to help Harry “Won’t You Please Help a Poor Majority Leader?’ Reid in Nevada next month, according to the all-knowing columnist Jon Ralston there.

But Obama has been unable yet to find time to talk with BP’s CEO, nearly 60 days into the crisis, raising serious questions not about his campaigning ability but about his leadership ability once he’s won the office. Such articles appeared here about why he keeps BP as a whipping boy and over here about no longer walking on water and over here on how his lack of leadership corrodes trust in government and over here as the federal government is exposed as an empty Wizard of Oz and over here, even from Jon Stewart

And expect distractions, too,

For the Oval Office chat he’s got to have stats for sure, some reference to a “previous administration” and quotes from real-live coast fishermen. But Obama also needs some seemingly new newsy initiative to draw attention over there. Much talk about the future; yes, it’s bad now but someday it’ll be even better than before and meanwhile we are gonna be dad-gummed certain that BP will pay all the costs.

Obama certainly won’t try explaining Rahm Emanuel’s five years of rent-free living in a BP adviser’s apartment. Or how the administration approved the well that blew out. They’ll likely save leaks about Obama’s verbal confrontation with BP folks until Wednesday.

Hey, what about clean energy as a feel-good distraction to American minds off today’s mess toward the future? “The time has come, once and for all, for this nation to fully embrace a new future,” Obama wrote supporters in an e-mail late Monday.

We’ll hear the Obama speech later, but for the time being, take the time to read C&E News’ special report on the oil spill. A friend sent the link and it is fascinating reading. Here are a few of the C&E News articles:

  • Disaster In The Gulf
  • BP’s Ever-Growing Oil Spill
  • Environmental disaster in the Gulf of Mexico Reveals U.S.’s inability to plan for, control, and clean up oil spills in deep waters
  • President, Some Members Of Congress Hope BP Spill Will Invigorate Energy Legislation Push
  • Oil Spill Leads To Fame And Fury For Makers Of Dispersant Chemicals
  • Scientists Use Social Networking To Study Spill
  • Chronology of a Catastrophe
  • Editor’s Page: Tapping A Beast

C&E News stands for Chemical and Engineering News, but don’t be intimidated by the name of the journal. The articles are clear and specific, and, most importantly, full of factual information.

A point worth remembering,

The spill may soon rank as the world’s biggest offshore blowout, surpassing the 1979 Ixtoc I rig spill in the southern Gulf of Mexico. That blowout, which released 138 million gal over nine months, also occurred when the blowout preventer failed during a well-sealing operation. Eventually, Mexican-government-run oil firm Pemex, the rig’s owner, drilled relief wells and sealed the borehole, a fate increasingly likely for Deepwater Horizon.

The friend who sent the links comments,

Not yet read, it might be interesting for me to compare their coverage of the story in comparison with how the French Chemical Society dealt with the AZF explosion in Toulouse some years before

The point is, this has happened before, and it has been remedied. Now it’s the time to take decisive action, not the time for political posturing.

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Filed Under: Barack Obama, energy Tagged With: BP, C&E News, Fausta's blog, Gulf oil spill

June 13, 2010 By Fausta

We’ve gone from “the buck stops here” to “I can’t suck it up with a straw” VIDEO

NOT leadership 101: Obama on the spill: ‘I can’t suck it up with a straw’

President Obama outlined the limits of his power to handle the oil spill in the latest episode of “West Wing Week,” the casual weekly White House online show.

“Even though I’m president of the United States, my power is not limitless,” he told Grand Isle, La., locals in the video, released Friday. “So I can’t dive down there and plug the hole. I can’t suck it up with a straw. All I can do is make sure that I put honest, hard-working smart people in place … to implement this thing.”

Really?

“I put honest, hard-working smart people in place … to implement this thing”? So far Obama called the lawyers.

Obama can’t bother call BP’s CEO and he can’t bother return the Dutch’s call.

Blame Bush!

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Filed Under: Barack Obama, Democrats Tagged With: BP, Fausta's blog, Gulf oil spill, leadership

June 11, 2010 By Fausta

Why hasn’t Obama called BP’s CEO? UPDATED with VIDEO

Anyone have Tony Hayward’s BP number? Why Obama couldn’t be bothered calling the CEO
Well, for starters Obama has been too busy looking for an a** to kick in addition to fitting into his schedule

…time for a couple mini-vacations with golf, a dose of party fundraisers, healthcare town halls, TV interviews, a high school graduation, a festive White House lawn picnic with members of Congress, a Paul McCartney music hoedown, an ABC July 4th TV taping and a session with a key Palestinian leader.

Thursday Obama issued important statements celebrating the 90th anniversary of the Department of Labor’s Women’s Bureau and King Kamehameha Day, and mustn’t forget, Portugal Day.

So why hasn’t Obama called Hayward? Because Obama knows what Hayward is going to say. Oh yes, the POTUS is now the Psychic of the US:

I have not spoken to him directly – and here’s the reason: because my experience is when you talk to a guy like a BP CEO, he’s going to say all the right things to me. I’m not interested in words, I’m interested in action.

Understandably, Reason TV has Three reasons why Obama should kick his own *ss:

While BP is ultimately responsible for the spill (and for cleaning it up), the federal government is a major player in the problem for at least three reasons:

1. It owns the property on which the oil well is located.

2. It regulates offshore drilling. And

3. In order to protect small players in the drilling industry, it capped economic damages from this sort of spill at just $75 million, a way-too-low cap that encourages risky behavior.

Double tip of the hat to Instapundit.

Related:
How the White House is Making Oil Recovery Harder

Just three days after the Deepwater Horizon explosion, the Dutch government offered to provide ships outfitted with oil-skimming booms and proposed a plan for building sand barriers to protect sensitive marshlands. LA Gov. Bobby Jindal (R) supported the idea, but the Obama administration refused the help. All told, thirteen countries have offered to help us clean up the Gulf, and the Obama administration has turned them all down.

According to one Dutch newspaper, European firms could complete the oil spill clean up by themselves in just four months, and three months if they work with the United States, which is much faster than the estimated nine months it would take the Obama administration to go it alone. The major stumbling block is a protectionist piece of legislation called the Jones Act which requires that all goods transported by water between U.S. ports be carried in U.S.-flag ships, constructed in the United States, owned by U.S. citizens, and crewed by U.S. citizens. But in an emergency this law can be temporarily waived as DHS Secretary Michael Chertoff did after Katrina. Each day our European allies are prevented from helping us speed up the clean up is another day that Gulf fishing and tourism jobs die.

Go read the rest.

And,
Media chafing under Gulf spill restrictions.
Via Neoneocon,

Dutch Government: Hey, Let Us Bring Over Equipment and Expertise To Help Contain That Spill
Obama: Nah, No Thanks Son, I’m Good; I’m Just Going To Sit Back and Keep On Bein’ Awesome

And now for the Daily Show: AssQuest 2010

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Ass Quest 2010
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party
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Filed Under: Barack Obama, energy, government Tagged With: BP, Fausta's blog, Gulf oil spill

June 10, 2010 By Fausta

Idiotic proposal of the day: A King and Queen for America

Nicholas Kristoff in the NYT wants a A King and Queen for America because

Our president is stuck with too many ceremonial duties as head of state, such as greeting ambassadors and holding tedious state dinners, that divert attention from solving problems. You can preside over America or you can address its problems, but it’s difficult to find time to do both.

Been there, done that, Nick.

Imagine being stuck for a lifetime of dufusness from The Tampon, or even from one of the more unruly Monaco offspring…at taxpayer expense.

Just this morning I was saying in the podcast, “let’s bow our heads and give thanks for presidential term limits.” Amen.

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Filed Under: idiocy, NYT Tagged With: BP, Fausta's blog, Gulf oil spill, Nicholas Kristoff

June 9, 2010 By Fausta

Looking for an *ss to kick? How about getting some oil-containment booms instead? VIDEO

The other day the POTUS was looking for an *ss to kick. As a public service, may I direct you to Gateway Pundit’s post?
BREAKING: MILES OF OIL CONTAINMENT BOOM in Warehouse- Just Sitting- Waiting For BP or US to Collect (Video!)

There are miles of floating oil containment boom in warehouse right now and the manufacturer Packgen says it can make lots more on short notice.
There’s just one problem… No one will come get it.

Maine Governor Baldacci visits Packgen to see the manufacturing of Oil Containment Booms, as well as lend his support to the people of Packgen and the Gulf Coast.

Read Gregory Sullivan’s report at Pajamas Media,
Miles of Oil Containment Boom Sit in Warehouse, Waiting for BP or U.S. to Use
An enterprising businessman put his factory in overdrive, figuring the country needed his product and his workers needed overtime. He’s making enough to stem the shortage. Why is everyone ignoring him?

In other *ss-kicking news, Suzette has the Symbolic Representation of Obama’s Situation Vis-A-Vis Gulf Oil Leak (click on photo to enlarge)

Maybe Lapoint will direct the Obamas to Cesar the Dog Whisperer once someone finds Lapoint’s booms and stops kicking the *ss.

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Filed Under: Barack Obama Tagged With: BP, Fausta's blog, Gulf oil spill

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