Boston artist Steve Mills - realistic painting

Monday, June 14, 2010

Gulf Of Mexico Oil Spill 14 June Updates

NATIONAL by Linda Evans
-Gulf Of Mexico Oil Spill 14 June Updates

June 14th, 2010

2010 Oil Spill-Gulf Of Mexico Oil Spill 14 June Updates.  The oil spill in the Gulf of Mexico continues on, and there’s no sign of stopping the oil so far.  The US Government previously gave BP 48 hours to increase the amount of oil the LMRP and containment cap were containing. The company previously said that they would be able to siphon 90% of the leaking oil, but that didn’t seem to be the case if you watched the live feed.
In addition, the Obama Administration wants BP to set up an escrow fund to pay for oil spill claims.  This would ensure that the company has the cash to pay for the damage caused by the spill, and would allow the government to rest easy knowing that they wouldn’t be totally stiffed by BP in the future.
In addition, BP is meeting today to discuss possibly cutting the dividends that they give shareholders each year.  A decision may not be reached today.  There are rumors that the company could eliminate the dividend this year or cut it back 50%.
Many people are sending in their suggestions on how to clean up the spill.  We are hoping that the government and BP are taking the suggestions seriously.While the oil spill containment is taking place, cleanup efforts should happen on the same time as well.

No comments:

Post a Comment