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| Economy |
| FACT CHECK: Obama (speech) Inflates Hopes in Spill Recovery |
| 2010-06-16 |
| WASHINGTON -- In assuring Americans on Tuesday that BP won't control the compensation fund for Gulf oil spill recovery, President Barack Obama failed to mention that the government won't control it, either. That means it's anyone's guess whether the government can, in fact, make BP pay all costs related to the spill. Obama aimed high in his prime-time Oval Office address -- perhaps higher than the facts support and history teaches -- as he vowed to restore livelihoods and nature from the still-unfolding calamity in the Gulf of Mexico. |
| Posted by:wt |
| #1 "we need to know the facts before we allow deepwater drilling to continue." Wrong! You must know the facts before you have a lease sale. U.S government already found out the hard way in Alaska. You cannot have a billion dollar lease sale and then not allow the oil companys drill. Enviromental issues that emerge after the sale are no justification for refusing a drilling permit. The oil companys sued for and won, not only the price they paid for the lease, including all expenses incured for bid preparation, impact studys, fees, contract agreements, ect. but also the profit they claim they lost by not being allowed to drill the lease. |
| Posted by: junkirony 2010-06-16 20:56 |