Friday, September 17, 2010

BP, Driller Announce Busted Well Fixed

In an announcement today by the Associated Press, the driller hired to drill the relief well and plug the busted well which resulted in the deaths of 11 Americans five months ago stated that by Sunday he intends to finalize the sealing by pouring concrete in the bottom of the damaged well through the relief well thus curing the problem for good.

It was also stated that over 206 million barrels of oil have been released into the Gulf since the disaster occurred in late April.

I wonder, if only half of those millions of barrels of oil made their way to the Port of New Orleans and sailed out to Britain for refinement, just how much profit did BP and its "partners" make on this disaster at the current market price of $74.00 per barrel?

My calculator doesn't have that many zeros, but suffice it to say that Mr. Obama's "capping" the damages and claims process for all those fishermen, shrimpers, and other American industries and small businesses that will be feeling the impact of this disaster for years to come appears that Washington's new methods of bailing out foreign global corporations on the backs of Americans has sunk to a new low surpassing even AIG's bailout under the Bush Administration.

And more and more are finding themselves without any "change" whatsoever, other than those foreign citizens simply working here as resident aliens for the major foreign and globally based European industries.

And I wonder just how much Washington and the state governments will eventually profit from all that extra oil when it is sold back to the American public through their U.S. distributors in those energy and gas taxes for their primarily work related or domestic transportation costs.

And just where does it afford the government to "outsource" America's precious mineral resources to foreigners and foreign governments anyway, while we are still in the Middle East also at this point fighting a war that also is benefiting the "global" economy and European interests most of all, at the cost of Americans?