Just what the Gulf of Mexico needs: another oil well

Oil from BP's blown-out Deepwater Horizon well continues to gush into the Gulf of Mexico and will do so until August at the earliest. In response, the Obama administration extended a moratorium on deepwater drilling for six months

last week. However, the president also "quietly allowed a three-week-old ban on drilling in shallow water to expire" last week (hat tip Open Left). As a result,

 

 

Federal regulators approved Wednesday the first new Gulf of Mexico oil well since President Barack Obama lifted a brief ban on drilling in shallow water, even while deepwater projects remain frozen after the massive BP spill.

 

The Minerals Management Service granted a new drilling permit sought by Bandon Oil and Gas for a site about 50 miles off the coast of Louisiana and 115 feet below the ocean's surface. It's south of Rockefeller State Wildlife Refuge and Game Preserve, far to the west of the Deepwater Horizon oil rig that triggered the BP spill.

 

Chris Bowers put it mildly when he described the Obama administration's action here as "difficult to fathom." The president is giving a speech on the economy today and will talk about investing in alternative energy, but like all my parenting books say, actions speak louder than words. The greatest environmental disaster in U.S. history is unfolding in the Gulf of Mexico, and BP doesn't know how to stop it, but it's business as usual at the Minerals Management Service. Nor is today's permit approval an isolated case:

 

In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells and a halt to a controversial type of environmental waiver that was given to the Deepwater Horizon rig, at least seven new permits for various types of drilling and five environmental waivers have been granted, according to records.

 

The records also indicate that since the April 20 explosion on the rig, federal regulators have granted at least 19 environmental waivers for gulf drilling projects and at least 17 drilling permits, most of which were for types of work like that on the Deepwater Horizon shortly before it exploded, pouring a ceaseless current of oil into the Gulf of Mexico.

 

Words fail me, so you'll have to share your thoughts in this thread.

There's more...

Just what the Gulf of Mexico needs: another oil well

Oil from BP's blown-out Deepwater Horizon well continues to gush into the Gulf of Mexico and will do so until August at the earliest. In response, the Obama administration extended a moratorium on deepwater drilling for six months last week. However, the president also "quietly allowed a three-week-old ban on drilling in shallow water to expire" last week (hat tip Open Left). As a result,

Federal regulators approved Wednesday the first new Gulf of Mexico oil well since President Barack Obama lifted a brief ban on drilling in shallow water, even while deepwater projects remain frozen after the massive BP spill.

The Minerals Management Service granted a new drilling permit sought by Bandon Oil and Gas for a site about 50 miles off the coast of Louisiana and 115 feet below the ocean's surface. It's south of Rockefeller State Wildlife Refuge and Game Preserve, far to the west of the Deepwater Horizon oil rig that triggered the BP spill.

Chris Bowers put it mildly when he described the Obama administration's action here as "difficult to fathom." The president is giving a speech on the economy today and will talk about investing in alternative energy, but like all my parenting books say, actions speak louder than words. The greatest environmental disaster in U.S. history is unfolding in the Gulf of Mexico, and BP doesn't know how to stop it, but it's business as usual at the Minerals Management Service. Nor is today's permit approval an isolated case:

In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells and a halt to a controversial type of environmental waiver that was given to the Deepwater Horizon rig, at least seven new permits for various types of drilling and five environmental waivers have been granted, according to records.

The records also indicate that since the April 20 explosion on the rig, federal regulators have granted at least 19 environmental waivers for gulf drilling projects and at least 17 drilling permits, most of which were for types of work like that on the Deepwater Horizon shortly before it exploded, pouring a ceaseless current of oil into the Gulf of Mexico.

Words fail me, so you'll have to share your thoughts in this thread.

Weekly Audit: We Welcome Our New Plutocratic Overlords

Meet the new global elite. They’re pretty much the same as the old global elite, only richer and more smug.

Laura Flanders of GritTV interviews business reporter Chrystia Freeland about her cover story in the latest issue of the Atlantic Monthly on the new ruling class. She says that today’s ultra-rich are more likely to have earned their fortunes in Silicon Valley or on Wall Street than previous generations of plutocrats, who were more likely to have inherited money or established companies.

As a result, she argues, today’s global aristocracy believes itself to be the product of a meritocracy. The old sense of noblesse oblige among the ultra-rich is giving way to the attitude that if the ultra-rich could do it, everyone else should pull themselves up by their bootstraps.

Ironically, Freeland points out that many of the new elite got rich from government bailouts of their failed banks. It’s unclear why this counts as earning one’s fortune, or what kind of meritocracy reserves its most lavish rewards for its most spectacular failures.

Class warfare on public sector pensions

In The Nation, Eric Alterman assails the Republican-controlled Congress’s decision to scrap the popular and effective Build America Bonds program as an act of little-noticed class warfare:

These bonds, which make up roughly 20 percent of all new debt sold by states and local governments because of a federal subsidy equivalent to some 35 percent of interest costs, ended on December 31, as Republicans proved unwilling even to consider renewing them. The death of the program could prove devastating to states’ future borrowing.

Alterman notes that the states could face up to $130 billion shortfall next year. States can’t deficit spend like the federal government, which made the Build America Bonds program a lifeline to the states.

According to Alterman, Republicans want the states to run out of money so that they will be unable to pay the pensions of public sector workers. He notes that Reps. Devin Nunes (R-CA), Darrell Issa (R-CA) and Paul Ryan (R-WI) are also co-sponsoring a bill to force state and local governments to “recalculate” their pension obligations to public sector workers.

Divide and conquer

Kari Lydersen of Working In These Times explains how conservatives use misleading statistics to pit private sector workers against their brothers and sisters in the public sector. If the public believes that teachers, firefighters, meter readers and snowplow drivers are parasites, they’ll feel more comfortable yanking their pensions out from under them.

Hence the misleading statistic that public sector workers earn $11.90 more per hour than “comparable” private sector workers. However, when you take education and work experience into account, employees of state and local governments typically earn 11% to 12% less than private sector workers with comparable qualifications.

Public sector workers have better benefits plans, but only for as long as governments can afford to keep their contractual obligations.

Who’s screwing whom?

Former Secretary of Labor Robert Reich is calling for a sense of perspective on public sector wages and benefits. In AlterNet he argues that the people who are really making a killing in this economy are the ultra-rich, not school teachers and garbage collectors:

Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers. They don’t want stories about Wall Street bonuses, now higher than before taxpayers bailed out the Street. And they’d like to avoid a spotlight on the billions raked in by hedge-fund and private-equity managers whose income is treated as capital gains and subject to only a 15 percent tax, due to a loophole in the tax laws designed specifically for them.

Signs of hope?

The economic future looks pretty bleak these days. Yes, the unemployment rate dropped to 9.4% from 9.8% in December, but the economy added only 103,000, a far cry from the 300,000 jobs economists say the economy really needs to add to pull the country out its economic doldrums.

Andy Kroll points out in Mother Jones that it will take 20 years to replace the jobs lost in this recession, if current trends continue.

Worse yet, what looks like job growth could actually be chronic unemployment in disguise. The unemployment rate is calculated based on the number of people who are actively looking for work. Kroll worries that the apparent drop in the unemployment rate could simply reflect more people giving up their job searches.

For an counterweight to the doom and gloom, check out Tim Fernholtz’s new piece in The American Prospect. He argues that the new unemployment numbers are among several hopeful signs for economic recovery in 2011. However, he stresses that his self-proclaimed rosy forecast is contingent upon avoiding several huge pitfalls, including drastic cuts in public spending.

With the GOP in Congress seemingly determined to starve the states for cash, the future might not be so rosy after all.

This post features links to the best independent, progressive reporting about the economy by members of The Media Consortium. It is free to reprint. Visit the Audit for a complete list of articles on economic issues, or follow us on Twitter. And for the best progressive reporting on critical economy, environment, health care and immigration issues, check out The Mulch, The Pulse and The Diaspora. This is a project of The Media Consortium, a network of leading independent media outlets.

 

 

Getting “More Crop Per Drop” to Strengthen Global Food Security

 

 

 

Going Green in 2012: 12 Steps for the Developing World

Crossposted from the Worldwatch Institute's Nourishing the Planet.

Many of us are thinking about the changes we want to make this year. For some, these changes will be financial; for others, physical or spiritual. But for all of us, there are important resolutions we can make to “green” our lives. Although this is often a subject focused on by industrialized nations, people in developing countries can also take important steps to reduce their growing environmental impact.

 

 “We in the developing world must embark on a more vigorous ‘going green’ program,” says Sue Edwards, Director of the Institute for Sustainable Development (ISD). “As incomes rise and urbanization increases, a growing middle class must work with city planners to ensure our communities are sustainable.” 

 

ISD’s Tigray Project recently received the Gothenburg Award for Sustainable Development 2011, shared with Kofi Annan, Chairman of the Alliance for a Green Revolution in Africa (AGRA). Since 1996, Tigray has worked to help Ethiopian farmers rehabilitate ecosystems, raise land productivity, and increase incomes through such practices as composting, biodiversity enhancement, the conservation of water and soil, and the empowerment of local communities to manage their own development. 

 

Broadening sustainability efforts is essential to solving many of the world’s challenges, including food production, security, and poverty. The United Nations has designated 2012 as the International Year of Sustainable Energy for All.

 

Hunger, poverty, and climate change are issues that we in the developing world can help address. Here are 12 simple steps to go green in 2012:

 

There's more...

Diaries

Advertise Blogads