British Petroleum, Class War, Control the Information, Disenfranchised, Escrow Account, Ken Feinberg, Oil Spill

$14 Billion Dollars Returned to BP, Feinberg Estimates

In a recent article about the $20 billion dollar escrow account and claims process, Ken Feinberg estimated that after all is said and done, he will have paid out 6 billion of the BP Oil Spill trust fund, and he will then return the remaining $14 billion dollars to British Petroleum. These are surprising numbers, especially when you consider the amount of displeasure and suffering in … Continue reading $14 Billion Dollars Returned to BP, Feinberg Estimates

Drake ToulouseNovember 24, 2010November 24, 20104 Comments

British Petroleum, Disenfranchised, Escrow Account, Ken Feinberg, New Orleans, Oil Spill

Ken Feinberg Playing Financial and Emotional Hardball

All affected by the BP Oil Spill Catastraphuk have a quickly approaching deadline to face. Tomorrow, November 24th is the last day to file for emergency payments from British Petroleum’s $20 billion dollar escrow. Beginning Thursday the choices they face become much more difficult and the rhetoric from the “neutral” arbitrator, Ken Feinberg appears designed to increase the pressure in an already pressurized situation. Originally, … Continue reading Ken Feinberg Playing Financial and Emotional Hardball

Drake ToulouseNovember 23, 2010November 23, 20101 Comment

British Petroleum, Control the Information, Escrow Account, Gulf Coast, Oil Spill

Judge Barbier Gives BP One Week to Declare their Intentions on $75 Million Cap

Making things right…? The other shoe dropped in court on Friday where BP’s lawyer suggested the very company that made all those promises to everyone in the Gulf Coast… well, they may finally be ready to hide behind the Oil Pollution act of 1990 which caps damage claims at $75 million dollars. BP’s attorney, Don Haycraft suggested the inevitable, that BP had already forked over “lots and lots” … Continue reading Judge Barbier Gives BP One Week to Declare their Intentions on $75 Million Cap

Drake ToulouseOctober 17, 2010October 17, 2010Leave a comment

British Petroleum, Escrow Account, Ken Feinberg, Oil Spill

My bad, I thought the slow payments were Ken’s fault

My apologies Mr. Feinberg. I have written a number of things up here, laying the blame for the slow payments of reparations firmly at your feet. I questioned your promises. I doubted your ability to do the job. I insinuated you were naive. Sorry. I felt that by promising people they would get their emergency payments in twenty-four hours and businesses inside a week you … Continue reading My bad, I thought the slow payments were Ken’s fault

Drake ToulouseOctober 6, 2010October 6, 2010Leave a comment

British Petroleum, Disenfranchised, Escrow Account, Gulf Coast, Headlines, Ken Feinberg, Oil Spill

Feinberg says it’s “Outrageous”

In perhaps a poor choice of words, Ken Feinberg said yesterday, “No grocery receipts, no documentation, just an allegation of subsistence loss. Four thousand claims where the claim form is exactly the same, including the misspelling. Outrageous! I can’t pay those claims.” So what was he talking about? Apparently Plaquemines Parish Council Chairman, Don M Beshel, frustrated with the slow movement of reparations to the … Continue reading Feinberg says it’s “Outrageous”

Drake ToulouseSeptember 29, 2010September 29, 2010Leave a comment

British Petroleum, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Feinberg Should Make Amends…

When Kenneth Feinberg took over disbursement of the $20 billion dollar fund from BP one month ago, he made the rather startling claim that emergency payments would be underway to people within 24 hours and businesses within a week. One month later, over 40,000 claims remain to be processed. He has been forced to do town hall meetings, to add personnel, then to streamline the claims … Continue reading Feinberg Should Make Amends…

Drake ToulouseSeptember 28, 2010September 28, 2010Leave a comment

British Petroleum, Coast Guard, Democracy, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Macondo Well, Oil Spill, Supression of Science, Thad Allen

The Problem with Sandcastles

While many, myself included appreciate that the Macondo Well is “effectively dead,” considering the claims that no oil has been leaking from the site since mid-July it is a bit anti-climactic. Many bloggers, myself included have been far more focused on the cleanup activities or lack thereof, the oil still washing up on the beaches and permeating the Gulf, the dying sea life, the increasing … Continue reading The Problem with Sandcastles

Drake ToulouseSeptember 20, 2010September 20, 20107 Comments

Barack Obama, British Petroleum, Coast Guard, Escrow Account, Gulf Coast, Macondo Well, Oil Spill, Plug The Leak, Restore the Wetlands, Supression of Science, Thad Allen, Tony Hayward

Changing Course in the Gulf: Bad Lessons in Money and Politics Pt. 3 – The Obama Administration and Business as Usual

Over the past five months, Gulf Coast residents have been treated to a number of decisions with direct impact on their lives. They weren’t asked to give input at the time these decisions were made. They weren’t asked how they thought it might affect their future. The decisions occurred above their heads and most times, without their knowledge, but they are the ones now paying … Continue reading Changing Course in the Gulf: Bad Lessons in Money and Politics Pt. 3 – The Obama Administration and Business as Usual

Drake ToulouseSeptember 17, 2010September 17, 20101 Comment

Barack Obama, Bobby Jindal, British Petroleum, Control the Information, Democracy, Disenfranchised, Escrow Account, Gulf Coast, Macondo Well, Oil Spill, Supression of Science, Tony Hayward

Changing Course in the Gulf: Bad Lessons in Money and Politics Pt. 1 – BP and Corexit

In the past five months, Gulf Coast residents have been treated to a number of decisions with direct impact on their lives. They weren’t asked to give input at the time these decisions were made. They weren’t asked how they thought it might affect their future. The decisions occurred above their heads and most times, without their knowledge, but they are the ones now paying … Continue reading Changing Course in the Gulf: Bad Lessons in Money and Politics Pt. 1 – BP and Corexit

Drake ToulouseSeptember 8, 2010September 8, 20101 Comment

Barack Obama, British Petroleum, Control the Information, Escrow Account, Gulf Coast, Oil Spill

British Petroleum Issues Ultimatum in the Gulf (without actually issuing ultimatum)

British Petroleum wants new offshore drilling permits in the Gulf of Mexico and if they don’t get them, the company is about to get all financial on your ass. On July 30th, the House of Representatives passed a drilling overhaul bill that barred any company from receiving new permits if more than ten deaths occurred on its facilities or if the company had been fined … Continue reading British Petroleum Issues Ultimatum in the Gulf (without actually issuing ultimatum)

Drake ToulouseSeptember 3, 2010September 3, 20102 Comments