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| Obama biggest recipient of BP cash |
| 2010-05-05 |
| While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they've taken from the oil and gas giant over the years. BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company's political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals. On top of that, the oil giant has spent millions each year on lobbying — including $15.9 million last year alone — as it has tried to influence energy policy. During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records. An Obama spokesman rejected the notion that the president took big oil money. “President Obama didn't accept a dime from corporate PACs or federal lobbyists during his presidential campaign,' spokesman Ben LaBolt said. “He raised $750 million from nearly four million Americans. And since he became president, he rolled back tax breaks and giveaways for the oil and gas industry, spearheaded a G20 agreement to phase out fossil fuel subsidies, and made the largest investment in American history in clean energy incentives.' |
| Posted by:tipper |
| #8 * ION BHARAT RAKSHAK/TOPIX > EUROPE"S WEB OF DEBT [NYT COlor Graphic]; + GREECE'S DEBT WOES TEST EU UNITY [Bonds of Union]. and * WAFF > [der Speigel] GREEKS STRUGGLE WID "SICK MAN" STATUS + HUGE NATIONAL DEBTS COULD PUSH EURO ZONE INTO BANKRUPTCY [Also read, BREAK-UP]. Personally, and in conjunction wid GREECE's monetary woes, I'm viewing the GULF OF MEXICO = MAHICO spill as a PRE-2012 [Iran, Islamist-MilTerr Nuclearization = Nuclear Terror], PRE-APOPHIS [1960's = 1980's MTV RAP "Thingys that make the MOON go Boom"] TEST FOR DESIRED OWG-NWO. AND, MOST IMPORTANTLY, NEWS > MADONNA looks utterly fantastic in her new Celeb photos. |
| Posted by: JosephMendiola 2010-05-05 22:30 |
| #7 Off-Shore drilling is OK for BP. T. Boone Pickens and all of you other wildcatters..... |
| Posted by: Besoeker 2010-05-05 19:25 |
| #6 Goldman Sachs too. |
| Posted by: DMFD 2010-05-05 18:13 |
| #5 #4 WAPO is also reporting (h/t to drudge) that just last spring (2009 during current Obummer administration) EPA exempted BP from a detailed environmental impact analysis. I simply cannot imagine why the Obama regime would authorize a measure such as that. [snark off] |
| Posted by: Besoeker 2010-05-05 17:08 |
| #4 WAPO is also reporting (h/t to drudge) that just last spring (2009 during current Obummer administration) EPA exempted BP from a detailed environmental impact analysis. And all this time I thought it was just Bush and Cheney who were in bed with Big Oil. |
| Posted by: Ebbang Uluque6305 2010-05-05 16:51 |
| #3 If all restrictions were removed from the oil flow it is not impossible that it could produce 60,000 BOPD (Spindletop came in at more than that back in 1903 or so.) If the restrictions were removed abrubtly the odds are that it would blow fast briefly and then sand up/bridge over or otherwise collapse on itself. So you suggest 'blow the restrictions out of the way and cause the well to collapse'? Nah, what if it didn't collapse (and not every well would) - then you have an even bigger problem than you had before. |
| Posted by: Glenmore 2010-05-05 15:08 |
| #2 5,000 barrels/day is 1M gallons every 5 days. Oh, and if you believe this: In a closed-door briefing for members of Congress, a senior BP executive conceded Tuesday that the ruptured oil well in the Gulf of Mexico could conceivably spill as much as 60,000 barrels a day of oil, more than 10 times the estimate of the current flow. |
| Posted by: ed 2010-05-05 14:22 |
| #1 While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, Flat out LIE in the first sentence. |
| Posted by: Redneck Jim 2010-05-05 13:40 |