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Thursday, June 10, 2010

If You Spill It, He Will Come

| Wed Jun. 9, 2010 3:36 PM PDT

Kevin Costner is definitely not an oil spill expert. Flanked by four seasoned marine scientists with doctoral degrees in the subject, he was the least likely member of a panel testifying to a House subcommittee about oil spill clean ups on Wednesday. He acknowledged as much in opening remarks. "There's been some question as to why I'm here," he said. "It's not because I heard a voice in a cornfield."
But over three hours of hearings Wednesday, Costner became the unlikely voice expressing the heart of an issue that has become very clear in the past 7 weeks. Neither oil companies nor the government were adequately prepared for a major oil spill. In fact, no one really believed that one would ever happen, and for years under-invested in and under-planned response technology.
Costner seems to have developed somewhat of an obsession with oil spill clean up. He got interested in the subject in 1995, and although he says he was inspired by the Exxon Valdez spill, some have pointed out that the interest also arose right around the time he released the post-apocalypse epic Waterworld. Since then, he's spent $24 million funding Ocean Therapy Solutions, a company that has created a centrifuge device that separates oil from water.
"I have spent all my profits on oil spill clean up," Costner told the panel. The amount of money he has personally spent becomes even more significant when you consider that an official from the Minerals Management Service told the panel yesterday that it only receives between $6 million and $7 million in government funding for the research and development of oil spill clean-up technology every year.
For more than a decade now, he's presented the contraption to oil companies and government agencies, but his enthusiasm was "met with apathy," he said. "I was told it was too expensive, that spills were becoming less frequent."
The contraption is best described as a portable, vacuum-like metal unit that spins the oil out of the water. They have five different models, the largest of which can separate 210,000 gallons of water and oil per day. The company says it leaves the water 99 percent clean. BP has run several tests on the technology since the leak began, and approved it for use last month. Since then, BP has placed an order for 32 machines, the company reports, and ten machines are already out working in the Gulf. Ocean Therapy Solutions CEO John W. Houghtaling said he believes that when all these are in use, they will be able to clean 6 million gallons of water per day. (It's not clear how much of a dent this could put in the spill, the total volume of which has not been determined. And since much of the oil has been dispersed into the Gulf using chemicals, it may be harder to do much with Costner's contraption). The company envisions hundreds of these mobile units deployed around the world, ready for the next spill wherever it may occur.
Like many, I at first thought the idea of Kevin Costner as Gulf savior sounded absurd. But unlike BP or the federal government, he's actually been thinking about this issue for the past 15 years. Meanwhile, the government's response plans have remained essentially unchanged in the two decades since our last big oil spill. The two panels of independent scientists and government officials more than made that clear on Wednesday.
Costner, at least, may finally see his work validated after all these years: "If we're going to continue to see oil coming up on shore and the best we can do is hay and rubber boots," he told the committee, "maybe we can do better."


Waterworld Meets BP Spill

| Wed Jun. 9, 2010 7:00 AM PDT

Kevin Costner, best known for his role in Bull Durham (or Dances with Wolves, or Waterworld, depending on whom you ask), will appear before a House panel today to discuss the need for research and development of technologies to clean up oil spills, in light of the ongoing disaster in the Gulf of Mexico.
At first blush, it might seem rather strange to invite Costner to this hearing, rather than, I don't know, one of the 92,000 members of the Society of Petroleum Engineers. But Costner has invested $24 million in oil-spill technology over the last 15 years. And yes, 15 years ago was when the post-apocalypse epic Waterworld was released. The research he funded for Ocean Therapy Solutions has created a centrifuge that can separate oil from water (see a demonstration here). In fact, his solution seems a lot more credible than some of the bizarre ideas we've heard from BP in the past seven weeks, a company that clearly was not prepared to deal with this catastrophe. Costner, meanwhile, has been preparing for this for years. BP approved the device last month for use in the Gulf.
I'll be live-Tweeting from this morning's hearing, which you can follow here:



Kate Sheppard Live-Tweets the #bphearing 

Yikes. Newest gov't estimate of #BP #spill is 20,000 to 40,000 barrels per day.
 8 minutes ago by kate_sheppard from Twitter
New flow-rate call starting now. #BP #oilspill
 14 minutes ago by kate_sheppard from Twitter
RT @DanielSchulman: The USG is issuing press releases containing facts/figures provided by #BP that gov hasn't even bothered to check: http://mojo.ly/9fSahR
 5 hours ago by kate_sheppard from Twitter
Dick Cheney's Last Laugh http://bit.ly/b565rn #BP #oilspill
 8 hours ago by kate_sheppard from Twitter
If You Spill It, They Will Come .... Kevin Costner gets his big chance on #BP #oilspill http://bit.ly/9KPvre
 22 hours ago by kate_sheppard from Twitter
Baird: "This business of we're going to make this right. You're going to disperse this problem in space and time. It's baloney." #BP
 yesterday by kate_sheppard from Twitter
Costner: "I have spent all my profits on oil spill clean up." #BP
 yesterday by kate_sheppard from Twitter
Ahahahahaa .. RT @grist If you spill it, he will come #BP
 yesterday by kate_sheppard from Twitter
Costner says they had two successful tests with BP, they're now placing initial order for machines. #BP
 yesterday by kate_sheppard from Twitter
Costner: "I was told it was too expensive, that spills were becoming less frequent." #BP
 yesterday by kate_sheppard from Twitter
Costner says he took his oil spill contraction to oil companies, gov't agencies, but "my enthusiasm was met with apathy." #BP
 yesterday by kate_sheppard from Twitter
Costner: "There's been some question as to why I'm here. It's not because I heard a voice in a cornfield." #BP
 yesterday by kate_sheppard from Twitter
Dr. Kinner of U of NH: "The road to funding oil spill R&D has been paved with good intentions but relatively few dollars." #BP
 yesterday by kate_sheppard from Twitter
Joye on dispersants: "We should have known the impacts of these dispersants before they were ever used." #BP
 yesterday by kate_sheppard from Twitter
Dr. Joye of U of Georgia calls this an "environmental assault on Gulf of Mexico." #BP
 yesterday by kate_sheppard from Twitter
Dr. Short of Oceana says cuts to gov't "has the effect of turning it over to industries that benefit most from resource exploitation." #BP
 yesterday by kate_sheppard from Twitter
Hey look, it's Kevin Costner. http://twitpic.com/1vb07p #BP
 yesterday by kate_sheppard from Twitter
Helton of NOAA just avoided answering whether we have any real idea how much oil has spilled. #BP
 yesterday by kate_sheppard from Twitter
Pretty sure that would be categorically false. #BP
 yesterday by kate_sheppard from Twitter


How Does Kevin Costner's Oil Cleaning Machine Work, Exactly?

By Derek Thompson
Actor Kevin Costner told Congress that his company has developed a high-tech machine for separating oil and water that could slurp up as much as 200 gallons of oil every minute from the massive spill in the Gulf. BP has already tested the technology and put ten machines to use in the water.

Sounds great! How does it work?

The company, Oil Therapy Solutions, explains the mechanics of the machine on its website. If you want to read the description verbatim, it's at the end of the article.* Greg Lowry, an associate professor of civil and environmental engineering at Carnegie Mellon University, helped me translate the jargon into simpler English.

"It's basically a centrifuge," Lowry says, a machine that spins rapidly to separate fluids using centrifugal (well, technically centripetal) force. Think about a washing machine in spin cycle. If you open it up, you'll see the wet clothes flung against the side of the washer. That's the same force Costner's machine employs. It spins the oily water, flinging the denser liquid, water, away from the lighter liquid, oil (which you know is lighter since you've seen the picture of it floating on top of the Gulf). It's the same technology beer companies use to spin the solid yeast particles of out their brew.

Oil-water separation devices exist, Lowry says, but many of them use holding ponds to drain the liquids. The centrifuge is the new part of this solution, but from what he can tell, "it's not exotic at all."

One challenge for the centrifuge in the Gulf is that the chemicals BP used to disperse the oil under water might complicate the cleaning."Think about it," Lowry says. "You're operating on phase [liquid] separation. You want one phase to move in one direction and the other phase in another. If small droplets are stuck in the water they might move with the water. So those tiny droplets could hurt the efficiency of this process."

In his testimony in front of the House Energy and Environment subcommittee, Costner requested Congress to mandate the purchase of these oil vacuums for every oil company as "insurance" against the likelihood they might spill crude into the sea -- kind of like a life vest for oil clean-ups. Now that BP has employed at least ten of his most powerful centrifuges, we'll see if Costner's investment pays off.

_______
OTS describes the oil vacuum: "Two mixed liquid phases, such as water and oil, are drawn into the annulus between the contacter body and the rotar. Liquids gravitate downward in the annulus where rotational liquid motion is slowed by radial vanes in the bottom plate. After entering a hole at the base of the rotar, the liquid phases are then centrifugally separated into a duel vortex because of the density difference between the two fluids. In the case of water and oil, because of the density difference, heavier water exits the rotar from a hole at the top of the unit, while the lighter oil is recovered near the central shaft."

We're Still at War:

 Photo of the Day for June 10, 2010

Thu Jun. 10, 2010 2:00 AM PDT
 
A member of an Afghan-international security force secures the area while in pursuit of militants north of Naglham, Kandahar District, Afghanistan, on June 1. Photo via the US Army photo by Joseph Joynt.

BP source: Showdown looms over spill costs

MSN Tracking Image
  MSNBC.com

Obama administration 'planning to take action' to ensure money available
Reuters
updated 7:27 p.m. ET, Wed., June 9, 2010
WASHINGTON - The Obama administration is threatening to impose new penalties on British energy giant BP over the worst oil spill in U.S. history, and the company believes it may be heading for a showdown with the White House, a BP source said Wednesday.
Turning up the heat on the beleagured company, a senior U.S. Justice Department official said that the department was "planning to take action" to ensure BP had enough money on hand to cover damages from the Gulf of Mexico spill.
U.S. Interior Secretary Ken Salazar told a Senate hearing he would ask the British oil giant to repay the salaries of any workers laid off because of the six-month moratorium on deepwater exploratory drilling imposed by the U.S. government after the spill.
BP's total bill so far, including cleanup costs, has reached $1.25 billion and the U.S. government has already said it will have to pay billions more in penalties.
The White House echoed Salazar's comments.
"The moratorium is as a result of the accident that BP caused. It is an economic loss for those workers, and ... those are claims that BP should pay," White House spokesman Robert Gibbs told a briefing.
BP is worried about widening demands by the White House on spill-related costs, the BP source said. While the company has said it will pay for the clean-up and direct damages to those affected by the spill, the moratorium was a government decision and costs related to it were a different matter, the source said.
At a congressional hearing on Wednesday, one lawmaker asked U.S. Associate Attorney General Thomas Perrelli whether the Justice Department had the ability to issue an injunction against BP to stop it paying its dividend.
"We are looking very closely at this and we are planning to take action," he said.
BP officials have said they have enough cash to handle the crisis. But the market has shown less confidence. With Wednesday's share price drop in New York, BP has given up more than half its market value since the crisis began.
The spill began on April 20 after an oil rig exploded, killing 11 workers and rupturing the deep-sea well. It has caused environmental devastation along the U.S. Gulf Coast and threatens lucrative fishing and tourist industries.
The Obama administration, facing growing voter discontent over its own handling of the crisis, has sought to distance itself from the company. President Barack Obama has also toughened his rhetoric in recent days and said in an interview this week he would fire BP CEO Tony Hayward if he worked for him.
In a further sign of the administration's pressure on BP, Coast Guard Admiral Thad Allen, who is leading the government relief effort, demanded that the company provide more information and transparency on how it was meeting damages claims by individuals and businesses affected by the spill.
"The federal government and the public expects BP's claims process to fully address the needs of impacted individuals and businesses," Allen said in a June 8 letter to BP.
BP has paid out close to $50 million in damages claims so far along the Gulf Coast -- mostly to fishermen, shrimpers, oystermen and boat operators who say their livelihoods have been impacted by the spill.
Meanwhile, BP America President Lamar McKay, along with top executives from Exxon Mobil Corp, Chevron Corp, ConocoPhillips and Shell Oil Co, were called to testify at a June 15 congressional hearing that will look at the oil spill and America's energy future.

Carrie Underwood wins big at CMT Awards

Image: Carrie Underwood
Jason Merritt / Getty Images
Carrie Underwood was the big winner at the CMT Awards Wednesday night. She took home trophies for video and performance of the year.

Former ‘Idol’ champ takes home trophies for video, performance of the year

By Chris Talbott
updated 38 minutes ago
NASHVILLE, Tenn. — The fans love Carrie Underwood and they proved it again during the CMT Music Awards.
The former "American Idol" champ won Wednesday night's top honor, video of the year for "Cowboy Casanova," and CMT performance of the year for "Temporary Home" two months after making history by winning her second Academy of Country Music Awards entertainer of the year. Both awards are chosen by fans tuned into the live shows.
She was the night's only multiple winner.
"They were there before I had anything, an album, a record deal, a tour or anything like that," Underwood said after the show. "They built me from the ground up."
The CMT Awards, which are chosen exclusively by fan voting, were another salute to some of country music's top young stars. Lady Antebellum continued its scorching run by winning group video of the year for the trio's crossover hit "Need You Now" and Miranda Lambert taking female video of the year for "White Liar," her first No.1 song.
"Tonight's all about the fans," trio member Dave Haywood said after receiving the belt buckle trophy given to winners. "Thank you, fans!"
Lambert followed up three wins at the ACM Awards with yet another win. She jumped up and pumped her fists as she made her way through the crowd and shouted, "My first buckle! This rocks!" when she reached the stage.
Lambert's "White Liar" video features the red-hot singer ditching her dishonest husband-to-be at the alter for his cheating ways. It was the first time she put on a wedding dress. The second time will come when she weds fiance Blake Shelton.
"Let's just hope that my next wedding doesn't end up like that video," she told the crowd.
Keith Urban won male video of the year for "'Til Summer Comes Around." After sending a shoutout to his wife, actress Nicole Kidman, who attended the awards, he turned serious and talked of the oil spill in the Gulf of Mexico.

"I want to send my deepest love to all the families around the gulf, who are going for an insane time right now," Urban said.
A few minutes later Urban lit up the stage with a scorching guitar duel with John Mayer as the two played "Hit The Ground Runnin'."
"John Mayer and Keith Urban making love on guitars," the show's host, Kid Rock, said.
It was one of the hottest performances in a night full of them.
The CMT Music Awards usually skew lighthearted and with the rowdy Kid Rock hosting, things quickly got interesting.
The good times started immediately when he was joined on stage by surprise guest Hank Williams Jr., who rarely attends awards shows, Trace Adkins, Zac Brown, Jamey Johnson, Randy Houser, Martina McBride and Kellie Pickler for a medley of "Cowboy," "Bawitdaba" and "Good Ol' Boys."
Kid Rock called Williams, "My rockin' rebel father Bocephus," before saying: "Does anybody realize how hard it is to get Bocephus out of the house? I don't think you understand this. The party has just begun."
The surprises continued later when "Saturday Night Live" star Kenan Thompson showed up in a green dress and red wig doing his Reba McEntire impersonation. He sang a few lines of a Reba song, then was joined on stage by McEntire.
"Um, ma'am, I'm in the middle of a song here," Thompson said to McEntire, who also wore a green dress.
"What are you doing?" McEntire asked.
"I'm Reba!" Thompson shouted. "R to the E to the B to the A. Reba!"
Kid Rock smoked a cigar on stage and told a few bawdy jokes, including one aimed at Lady A, "the hillbilly Fleetwood Mac."
"But I don't suspect they do drugs or sleep with each other," he said.
Lady A was one of four hot young acts who led all nominees with three apiece on the fan-voted awards show. Also nominated for three awards were Carrie Underwood, who took CMT performance of the year, Taylor Swift and Jason Aldean.
A field of 10 video of the year nominees was whittled down at the start of the show to "Need You Now," Toby Keith's "American Ride," Lambert's "White Liar," Taylor Swift's "You Belong With Me" and Underwood's "Cowboy Casanova" making the cut.
Brooks & Dunn continued to draw attention as they wind down their career together. They won duo video of the year for "Indian Summer" just two months before they perform together for the last time at the end of their "Last Roundup" tour.
Kix Brooks said the win took him and partner Ronnie Dunn by surprise.
"We were not expecting this so much that Mr. Dunn has gone to the restroom — in Santa Fe, New Mexico. I told you you should be here," he said to the camera, aiming his comment at Dunn. "I am not bringing this to you. You're going to have to come and get it. This is the kind of thing that will make them think we're going to break up the duo."
Luke Bryan won breakthrough video of the year for "Do I," a song he wrote with Charles Kelley and Haywood of Lady A, Shelton and Trace Adkins won collaborative video of the year for "Hillbilly Bone" and Shaun Silva won director of the year for Kenny Chesney's "Out Last Night" and Rascal Flatts' "Summer Nights."
Fans lined up outside Bridgestone Arena to watch most of country music's biggest stars walk the red carpet. It was an eclectic mix with NFL wide receiver Terrell Owens, who sang "Mama, Don't Let Your Babies Grow Up To Be Cowboys," ESPN sideline reporter Erin Andrews and her "Dancing With the Stars" partner Maksim Chmerkovskiy, and the cast of "Jersey Shore" — including Nicole "Snooki" Polzzi, who Kid Rock called "Snookums" — joining a lineup of artists that included most of the nominees.
Some interacted with fans, signing autographs and posing for pictures. Lambert, wearing a shiny sequined dress she compared to a "walking disco ball," drew some of the night's loudest cheers when she showed up with her fiance, Shelton.
"There's no energy like this at any other awards show," Shelton said.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
Today Show 2010 CMT Music Awards Slideshow


Updated 38 minutes ago Lady Antebellum continued its scorching run on the awards circuit, kicking off the CMT Music Awards by winning group video of the year for the crossover hit "Need You Now."



Kane scores game-winner to put away Flyers, end NHL's longest drought

I am not a sports fan.  I do not understand all the ins and outs,  but I am a nascar fan.  My daughter says how can you get excited about guys driving cars that only turn left.......My driver is Kasey Kane no. 9



Patrick Sharp
Bruce Bennett / Getty Images
Patrick Sharp of the Chicago Blackhawks celebrates with teammate Brent Seabrook after scoring a goal in the second period against the Philadelphia Flyers in Game 6 of the Stanley Cup finals.
’Hawks hoist first Cup since 1961 in OT thriller

By Dan Gelston
The Associated Press
updated 12:40 a.m. ET, Thurs., June 10, 2010
PHILADELPHIA - There was no red light, just Blackhawks flying over the boards in celebration.
Sticks and helmets were thrown, scattered all over the ice and still no signal for a goal.
After a brief review, there was no dispute — the Chicago Blackhawks were the Stanley Cup champions.
Patrick Kane sneaked the puck past Michael Leighton 4:06 into overtime and stunned Philadelphia to lift the Blackhawks to a 4-3 overtime win in Game 6 on Wednesday night for their first championship since 1961.
No one but the Blackhawks appeared to know what was going on for a few frozen moments. Kane and his linemates seemed the only players on the ice who knew the puck found the side of the net. The goal light never went on, but that didn’t stop most of the Blackhawks from storming the ice and mobbing each other in celebration.
Kane will go down as scoring one of the biggest goals in team history.
Video: NHL from NBC Sports
Toews wins Conn Smythe
NHL commissioner Gary Bettman presents the Blackhawks' Jonathan Toews with the 2010 Conn Smythe Trophy.

“I was just hoping to God it was just an actual goal,” said captain Jonathan Toews, the Conn Smythe Trophy winner as playoff MVP. “They came back hard in the third and we just stuck with it.”
Kane raised his arms right away and skated behind the net, knowing the goal was good. While the Flyers sat on the bench in stunned silence with confused looks, the Blackhawks began to celebrate in their own end around goaltender Antti Niemi.
“I knew it went in right away,” Kane said. “What a feeling. I can’t believe it. We just won the Stanley Cup. I can’t believe this just happened. ... It’s something you dream about, scoring the final goal in the Stanley Cup finals.”
Before reaching the group hug, Kane stooped to pick up some loose ice shavings — looking like a mischievous kid on Christmas ready to throw a snowball in the backyard.
“There’s so many great things about winning a Stanley Cup. This is it,” Toews said. “This is the best feeling you can ever get. I just can’t believe it’s happened.”
Toews was first to touch the Cup, taking it from commissioner Gary Bettman and hoisting it above his head in triumph. Marian Hossa, whose last two attempts at a title were denied the last two years with Detroit and Pittsburgh, was next. He lifted it and bench-pressed the big trophy, snapping his head back in exhilaration.
“I’m so happy I finally did it,” Hossa said. “We couldn’t just put our heads down. We had to work, and we knew we could do it.”
The Blackhawks completed their revival from the bottom of the NHL to holding the silver trophy on the strength of rising stars Kane and Toews. They won their first Stanley Cup since Bobby Hull and Stan Mikita led the way 49 years ago.
It ends the longest active championship drought in the NHL. Kane is the first player to score the Stanley Cup clinching goal in overtime since Jason Arnott did it for New Jersey at Dallas in 2000.
“I heard the sound, it was a funny sound,” coach Joel Quenneville said of the Cup-winner. “Nobody knew where the puck was. Kaner thought it was in.”
Leighton stopped 37 shots — just not the last one.
“I went to the corner and saw a guy drive the net,” he said. “I thought he was going to pass it but he threw it at my feet and it went underneath me.”
Fitting in a series where neither team had much wiggle room, this one needed OT.
Just when it appeared the Flyers season was over, Scott Hartnell squeezed out another clutch goal.
With the offense revved into desperation mode, Hartnell was leveled by Toews right in front of the crease as he knocked a loose puck in to make it 3-3 with 3:59 left in the third.
He raised his arms while flat on his back.
Knocked down, never out.
The Flyers faithful turned their white towels into rally symbols only moments after they could have been used for surrender.
The fans politely applauded when the game was over, but the few thousand who stuck around booed as the Blackhawks took their turns hoisting the silver trophy. A few hundred Blackhawks fans went wild as the team took a picture with the Cup.
“It’s no consolation,” Hartnell said. “The storybook ending ended the wrong way for us. It hurts.”
The Blackhawks ruthlessly attacked the Flyers and it paid off with two should-have-been-stopped goals against Leighton.
Leighton, who had been flawless at home this postseason, couldn’t come up with two crucial saves and that helped put Chicago in the driver’s seat.
Andrew Ladd, an injury scratch the first three games, deflected Niklas Hjalmarsson’s slap shot from the circle with 2:17 left in the second. That made it 3-2 and nearly stood as the winner.
His goal followed Patrick Sharp’s soft wrister that scooted under Leighton’s left skate to tie it a 2 midway through the period. Sharp’s 11th goal of the postseason came during a 4-on-4.
Niemi was barely tested.
Daniel Briere beat him for a 2-1 lead when he came streaking down the right side and went high glove side off a crisp pass from Ville Leino with 12 minutes left.
There were 40 goals scored in the first five games, the most for a finals since 1981. This one was a goalie’s duel early with only a power-play goal from each team in the first period.
Chicago pounded Leighton from all angles and were outshooting the Flyers 14-3 at one point late in the first.
Chris Pronger, who had one of the worst playoff performances of his career in Game 5 (minus-5), was penalized twice in the first. His antagonistic actions came after a day after he was the subject of an unflattering picture of him in a skirt in the Chicago Tribune.
Pronger’s penalty for high sticking was still being announced when Dustin Byfuglien popped out to face the net and one-timed a pass from Toews past Leighton with 3:11 left.
The Flyers didn’t even attempt a shot on their first two power-play chances. The special teams unit that had been so effective during their first Stanley Cup finals run since 1997 had suddenly gone dry.
That is, until Hartnell bailed them out.
He backhanded the puck through Niemi’s legs — he couldn’t even get his pads on it — with 26.5 seconds left to tie the game. Hartnell barked at the Blackhawks and a home crowd on edge suddenly roared back to life.
This Flyers team had mastered the art of the comeback, starting all the way back on the last day of the regular season when a shootout win clinched a playoff spot. It became the third team in NHL history to win a series after losing the first three games when it eliminated Boston in the Eastern Conference semifinals, and evened the Stanley Cup at 2-all after losing the first two games at Chicago.
It wasn’t enough and the Flyers are looking for their first Stanley Cup since winning consecutive championships in 1974 and 1975.
“In the long run, everybody should be proud with what we did this year,” Flyers forward Jeff Carter said. “We overcame a lot of adversity. The guys should be proud of what we accomplished.”
Notes: The Flyers have lost their last six Stanley Cup finals appearances. ... The Flyers finished 9-2 at home in the postseason.

BP: Not ready for prime time


Tonight on the show, we're looking at why BP wasn't prepared to deal with the Deepwater Horizon disaster. Short answer: No one made the company get ready.

BP's 2009 response plan for a Gulf oil spill weighs in at 583 pages (pdf). Among them, you'll find mention of walruses, which live nowhere near the Deepwater Horizon, and a wildlife expert who died in 2005 and was supposed to help save them.

If you haven't got time to read the whole thing, you can check the cool flow chart -- it proves someone was supposed to be in charge, a "Qualified Individual." The AP takes a wonderful, substantive look at the report, if you want someone to do the lifting for you.

And while you're at it, check out the two letters from the Coast Guard to BP -- one to Doug Suttles (pdf) and one to Tony Hayward (pdf).

We'll see you at 9 Eastern.


This picture showed up in our Twitter feed, bless the Internet. @YatPundit tweeted: "they've killed #failwhale! #BP bastards! http://bit.ly/apymW7 (@enderfp design) :-)"

More News on the Oil SPill And BP

Live video

LIVE VIDEO: This stream is provided by BP and could be interrupted at any time.
NBC News


Environment news


Francois Vorster of Super Suck International talks about his plan to clean up the oil disaster: Attach a giant vacuum to one of the supertankers and suck up the oil from the surface



Video

  More Gulf fishermen forced to pull up nets
June 9: Preparing to sell his shrimp catch to a seafood processor for the last time, Dominick Mine struggles to cope with the loss of "something we had for a long time." NBC's Anne Thompson reports.
Nightly News

Stocks end day lower after early rally collapses

Markets
Quotes delayed 15+ min.
Dow industrials-40.73 -0.41%
last 9899.25
Nasdaq-11.72 -0.54%
last 2158.85
S&P 500-6.31 -0.59%
last 1055.69
 
 
MSN Tracking Image
  MSNBC.com

Markets’ jittery ride continues as drop in energy shares kills momentum
The Associated Press
updated 6:12 p.m. ET, Wed., June 9, 2010
NEW YORK - The stock market had another late-day slide, this time because of fears that the Gulf oil spill will threaten BP's dividend and perhaps land the company in bankruptcy court.
The Dow Jones industrials, up about 125 points late Wednesday morning, closed down 41. Most selling came in the last hour, the third time in four days that stocks had a late-day drop.
Investors got a "sell" signal from news reports that raised the possibility of worsening financial fallout from the oil spill. A group of about 30 U.S. lawmakers sent a letter to BP CEO Tony Hayward asking him to halt dividend payments and advertising until the leaking well is capped and the spill is cleaned up. Investors tend to sell any time a company's dividend appears to be in jeopardy. BP is scheduled to make a $2.63 billion payout on June 21.
And Fortune.com quoted an analyst as saying BP could be forced to seek bankruptcy protection within about a month.
The worries about BP were enough to make investors shrug off reassuring words about the economy early in the day from Federal Reserve Chairman Ben Bernanke. BP fell 15.8 percent and selling spread to other energy companies. Anadarko Petroleum Corp., a part-owner of the rig that caused the spill, dropped 18.6 percent.
The slide in energy stocks halted the market's upward momentum, said Peter Boockvar, equity strategist at Miller Tabak.
"The oil stocks are getting killed. They're widely owned so anytime you see that kind of activity it makes people nervous," Boockvar said.
The drop came a day after the Dow climbed 123 points on easing concerns that the economy would fall back into recession. The confidence extended into the first part of trading Wednesday, lifting the Dow back above 10,000, after Bernanke said debt problems in Europe might only amount to a "modest" drag on the U.S. economy if the financial markets can halt their slide.
He told the House Budget Committee that the economy is getting better but that job growth is likely to remain weak. The enthusiasm over his testimony faded after speculation arose that BP might not be able to recover from the oil spill.
Many traders have been anxious since last month that problems from the Gulf spill to spending cuts in Europe would slow the economic recovery. The concerns have pounded U.S. stocks since they set 2010 highs in late April. They are down more than 10 percent since then, a drop that's known as a "correction."
David Chalupnik, head of equities at First American Funds in Minneapolis, said it's most likely that Bernanke is right that the economy will continue to recover but that trading will remain choppy. He said traders won't get a better sense about how the economy is holding up until July when earnings reports and more economic numbers come out.
"We're probably in the fifth inning of the correction. Maybe the sixth inning," Chalupnik said. "The next month, I think, is just going to be extremely volatile."
The Dow fell 40.73, or 0.4 percent, to 9,899.25 after trading as high as 10,065.14. It is down 1,306 points, or 11.7 percent, from its 2010 high of 11,205, reached April 26.
The Standard & Poor's 500 index fell 6.31, or 0.6 percent, to 1,055.69, while the Nasdaq composite index fell 11.72, or 0.5 percent, to 2,158.85.
Despite the drop in major indexes, advancing stocks narrowly outpaced those that fell on the New York Stock Exchange. Trading volume came to 1.7 billion shares, up from 1.6 billion Tuesday.
The late selling sent traders back into the safety of Treasurys. That pushed interest rates lower. The yield on the benchmark 10-year Treasury note slipped to 3.18 percent from 3.19 percent late Tuesday.
Gold prices retreated Wednesday after setting a record high a day earlier. Gold fell $15.70 to $1,229.90 an ounce. It rose as high as $1,254.40 an ounce on Tuesday.
Crude oil rose $2.39 to $74.38 per barrel on the New York Mercantile Exchange. 


News moving the markets

The drop in stocks accelerated after the euro dipped below $1.20, said Michael O'Rourke, chief market strategist at institutional broker dealer BTIG LLC in New York.
The 16-nation currency has been under pressure on worries about Europe's growth prospects and the economic effects of deep cuts in government spending there. Investors are worried that could undercut U.S. economic recovery.
"We've been very much tethered to the euro. Every time it goes lower, our equity market turns lower," O'Rourke said.
The market's slump overshadowed a Fed report that the U.S. economy strengthened in all 12 of the central bank's regions. That hasn't happened since before the recession began in December 2007. Manufacturing, retail sales and tourism improved, while demand for housing rose because of the homebuyer tax credit that expired at the end of April. The Beige Book survey precedes the next meeting of the Fed's interest rate committee by two weeks.
Britain's FTSE 100 rose 1.2 percent, Germany's DAX index and France's CAC-40 each rose 2 percent. Japan's Nikkei stock average fell 1 percent. 


 

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