US: Lost control of oil
a federal judge rejected a motion in New Orleans in order to stand the six-month ban, while the government appealed the decision.
After the defeat of the moratorium on Tuesday, a federal judge rejected a motion in New Orleans in order to stand the six-month ban, while the government appealed the decision.
Judge Martin Feldman issued a brief stay in order to deny the request by his former law that the prohibition is arbitrary, unjustified, given the far-reaching and critical impact to thousands of oil industry workers and communities.
The government of the U.S. Court of Appeals for the Fifth Circuit an appeal and request they can remain Feldman decision. It is also the revision of the ban so it is more flexible and possibly open some areas drilling but has not said when is a new issue of moratorium.
Feldman’s latest decision was more unwanted news for the administration that was on the defensive about what critics give slow and ineffective reaction to 66 days old spill in the Gulf of Mexico.
The government imposed moratorium after a good burst by BP Plc on 20 April made unleashing million gallons of crude oil into the sea, one of the biggest environmental disasters in the United States of America.
SALAZAR DEFENDS BAN
But the prohibition, set by President Barack Obama, while a commission studies the causes of the disaster has been condemned by some on the Gulf Coast, where the economy is closely linked with the energy industry.
“I think he has lost his mind. If they shut down the oil fields, I might as well shut down,” said Joan Strohmeyer, which is a hotel in Venice, Louisiana is one.
The accident has closed many fishing grounds, threatening the Gulf Coast of the tourism industry, tarred beaches and killed hundreds of birds and dozens of turtles and dolphins.
Interior Minister Ken Salazar told lawmakers in Washington the government was aware of the moratorium, the impact on the Gulf Coast economy, but he said the ban was necessary “to us on a level where we feel safe, provide the American people can show that the holes may in fact further. ”
Oil companies say, not the government, the need for a blanket ban on deepwater drilling and proven warn then we will have large layoffs. Feldman judge agreed and in its ruling on Tuesday sharply rebuked the U.S. government.
BP shares HIT NEW LOW
The accident has the confidence of investors in BP, an integral part of the UK pension funds, undermining rise as an estimated restoration costs. The British energy giant has seen its shares lose nearly half their value since the spill.
BP-US-listed shares closed 3.13 percent at $ 28.74 in New York trading on Thursday, hitting a new year low. The company’s shares lost 2.47 percent in London.
Analysts said investors were the news that the U.S. government was reviewing the environmental impact of implementation plans by BP to drill in Alaska.
“Think about it. How many holes can be in a bucket have? There are just too many problems,” Joe Saluzzi, co-manager of trading at Themis Trading said in Chatham, New Jersey.
Shareholders will also consider how much BP will have to ultimately pay for cleaning up the mess in the Gulf of Mexico worried. According to U.S. political pressure, it agreed last week to set up a fund to pay $ 20000000000 damages oil spill victims.
BP also more than 240 spill-related processes, most of the submitted on behalf of companies, including commercial fishermen, shippers and infrastructure provider to the Westlaw database. Is a unit Westlaw Thomson Reuters.
But at the current level of BP shares attracts some interest – Fund managers who have begun to focus on undervalued stocks and unloved, BP buy stocks.
BP tries to rehabilitate its soiled image.
BP CEO Bob Dudley said NBC Nightly News on Thursday that she tried to have rapidly lost its rights to payments Gulf firms and workers, the income or revenue because of the spill.
“When we had written yesterday of checks for $ 123,000,000 … We are now starting to pay months from the time of 1:59 to ensure that the companies can be maintained. We want to move so fast as we can,” he said.
BP said its oil-capture systems to collect the leak, or from 16 830 barrels of oil burned on Wednesday, a 38 percent drop from Tuesday record of 27 100, after an accident under water, a 10-hour forced shutdown.
With the hurricane season officially on 1 June began, BP has an eye on stormy weather, which could impede its cleanup and containment efforts.
The U.S. National Hurricane Center said a tropical wave over the western Caribbean could develop itself into a tropical depression over the next few days, how it moves in the direction of the Gulf of Mexico.
Most weather models forecast it would be in the direction of southern Texas and Mexico coasts move. Prior to this, some models of the wave would have projected to move against the BP cleanup in the central Gulf Coast.