Sunday, July 18, 2010

BP's Well Seep & Fund Creep

The AP reported:

An administration official familiar with the spill oversight, however, told The Associated Press that a seep and possible methane were found near the busted oil well. The official spoke on condition of anonymity Sunday because an announcement about the next steps had not been made yet.

The official, who would not clarify what is seeping near the well, also said BP is not complying with the government's demand for more monitoring.
Oil Spew Compensation Czar Ken Feinberg offered more clarification on his fund.

Kenneth Feinberg, told The Associated Press on Sunday that if BP pays fishermen wages to help skim oil and perform other cleanup work, those wages will be subtracted from the amount they get from the fund.

Longtime charter boat captain Mike Salley said he didn't realize BP planned to deduct those earnings, and he doubted many other captains knew, either.

The wage deduction is in addition to signing a waiver releasing BP from liability. The more things change, the more they stay the same. The public gets incomplete information, while BP does risk management at every turn.

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