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Showing posts with label oil spill news. Show all posts
Showing posts with label oil spill news. Show all posts

6.06.2010

Obama, Gulf OIL

Obama Renews Push For New Energy Policy



President Obama seized on the BP oil spill Wednesday to renew a push for legislation to "fully embrace a clean energy future," including an end to tax breaks for oil companies.
Obama said his vision for a new U.S. energy policy "means rolling back billions of dollars in tax breaks to oil companies so we can prioritize investments in clean energy research and development."

In a speech at Carnegie Mellon University in Pittsburgh, Obama said the largest oil spill in U.S. history should spur the public and policy makers to pursue long-term energy policies that don't rely on fossil fuels.

He cited energy efficiency, greater use of natural gas reserves and more nuclear power plants as fundamentals to reducing U.S. reliance on oil. Obama also renewed his call for climate change legislation while conceding that the Senate currently lacks the support needed to pass a bill drafted by Sens. John Kerry, D-Mass., and Joseph I. Lieberman, I-Conn.

"The votes may not be there right now, but I intend to find them in the coming months," Obama said. "I will make the case for a clean energy future wherever I can, and I will work with anyone from either party to get this done."

The president said that the April 20 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico and the subsequent oil spill highlight the "inherent risks to drilling four miles beneath the surface of the Earth, risks that are bound to increase the harder oil extraction becomes."

While Obama looked beyond the BP spill, two senators zeroed in on the oil giant.
Sens. Charles E. Schumer, D-N.Y., and Ron Wyden, D-Ore., called on the company to delay paying dividends to shareholders.

They say the company may need every penny to maintain high capital reserves to cover the rising tab for the oil spill. Published reports estimate that BP has spent almost $1 billion so far on efforts to contain the Deepwater Horizon spill.

In a letter to BP CEO Tony Hayward, the lawmakers cited an estimate by Credit Suisse Group AG that the cost could hit $37 billion if BP cannot stop the well from leaking until August, when it hopes to complete relief drilling.

"We are certainly not opposed to BP paying dividends after the well is capped, cleanup has been completed and the victims have been justly compensated," Schumer and Wyden wrote. 

Source: CQ Today Round-the-clock coverage of news from Capitol Hill.©2010 Congressional Quarterly Inc. All Rights Reserved.
Copyright 2010 Roll Call, Inc. All Rights Reserved
Congressional Quarterly Today


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Scott's Contracting
scottscontracting@gmail.com

5.17.2010

Did you see the Latest OIL SPILL news this morning?

Scientists are saying that the Deepwater Oil Disaster could be more than 10 times worse than initial estimates -- and the well could keep spewing oil into the Gulf for months before the oil companies figure out how to stop it.[1]

Meanwhile, some elected officials who insisted all along that offshore drilling was safe are trying to tell us that we just need better "backup blowout preventers" on offshore oil rigs.[2]

Here's the truth: The only way to end catastrophic oil spills like Deepwater is to end our dangerous addiction to fossil fuels.

That's why we're putting together a hard-hitting new TV ad that says: Enough is enough! It's time for clean energy and climate policies that finally end our dependence on oil!

Scott's Contracting GREEN BUILDER, St Louis "Renewable Energy" Missouri.http://www.stlouisrenewableenergy.com, contact scotty@stlouisrenewableenergy.com for additional information

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