Rolling Dice in the Gulf Coast – Here Comes Feinberg and His “Choice”

“Tomorrow morning, the Gulf Coast Claims Facility is up and running,” said Ken Feinberg, appointed by Barack Obama to administer the $20 billion dollar escrow fund, “BP is out of the claims-processing business beginning tomorrow.” In many respects this is good news. Kenneth Feinberg has promised to get reparations money into the hands of residents…

4.9 million barrels of oil…estimate too low? BP made sure we’d never know

Turns out the government’s estimate of 4.9 million barrels of oil leaked into the Gulf of Mexico may not be as entirely accurate as we were all led to believe. This really should come as no surprise, especially when it is understood the estimate translates directly into fines…money, and more importantly, British Petroleum’s money. For…