British Petroleum, Class War, Control the Information, Disenfranchised, Escrow Account, Gulf Coast, Macondo Well, Oil Spill, Tony Hayward

BP’s gonna be okay…coastal residents? Umm, not so much, not yet

The Associated Press reports British Petroleum will survive the oil spill in the Gulf of Mexico: Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly estimated, according to an Associated Press analysis. But they’ll be far below the highest estimates made over the summer by legal experts and prominent Wall Street banks, such as Goldman … Continue reading BP’s gonna be okay…coastal residents? Umm, not so much, not yet

Drake ToulouseDecember 30, 2010December 30, 20102 Comments

Barack Obama, British Petroleum, Class War, Coast Guard, Control the Information, Escrow Account, Gulf Coast, Ken Feinberg, Macondo Well, New Orleans, Oil Spill, Supression of Science

Who do you trust?

Who do you trust? Who do you believe? Who’s looking out for you and who is not? Such are the questions in the Gulf Coast, about the claims process and the safety of Gulf seafood. In the federal version, the seafood is fine, the FDA is doing their testing and everything is coming up aces while Feinberg is doing his best as a neutral arbitrator … Continue reading Who do you trust?

Drake ToulouseDecember 29, 2010December 29, 20101 Comment

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

It’s the Transparency, Stupid…

Clearly defined rules. It isn’t that difficult, or at least it shouldn’t be. In any process where a determination is made, where a judgment will be proffered, clearly defined rules not only protect the claimant, they protect the arbitrator. Rules let people know where they stand, what they need to do, what damage they need to show and upon showing said damage, they then have … Continue reading It’s the Transparency, Stupid…

Drake ToulouseDecember 23, 2010December 23, 2010Leave a comment

British Petroleum, Class War, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

GCCF Follies from the Times-Picayune…

Two interesting articles about the operations from the Gulf Coast Claims Facility in the Times Picayune yesterday, discussing some of the problems many of the fishermen have been having in their attempts to receive compensations from the fund, and some of Feinberg’s responses to these problems. Some highlights: On the plight of Elmer Rogers, a shrimper who has been waiting for compensation since August: “If … Continue reading GCCF Follies from the Times-Picayune…

Drake ToulouseDecember 22, 2010December 22, 2010Leave a comment

Anarchism, Blogs, British Petroleum, but what a charmer, Class War, Disenfranchised, Gulf Coast, Internet, Ken Feinberg, Oil Spill, Religion, Social Work

Nothing Makes a Cynic Like a Wealthy Church…

I grew up in the church. My father is a minister which meant I went to church every Sunday, did the whole baptism, confirmation, altar boy thing and when I was twelve, he took a new job at a church populated with a lot of people who had a lot of money. Not all, granted, but enough of them and I remember being about fifteen … Continue reading Nothing Makes a Cynic Like a Wealthy Church…

Drake ToulouseDecember 16, 2010December 16, 2010Leave a comment

Bobby Jindal, British Petroleum, David Vitter, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

FL, MS, TX and LA…Get Loud!

On Thursday morning, Ken Feinberg brought adjusters from his Gulf Coast Claims Facility in Washington DC down to Gulfport, Alabama to meet one on one with a group of business owners and discuss their claims in person. When the meetings were over, Feinberg said “Alabama’s been a sore point, this area has been an area where there’s been a good deal of constructive criticism leveled … Continue reading FL, MS, TX and LA…Get Loud!

Drake ToulouseDecember 3, 2010December 3, 2010Leave a comment

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

Ken Feinberg doing his best to make BP look better…

I’ve written a number of things about Ken Feinberg in the past, but one of the many things that continues to stick in my mind is in regards to the $20 billion dollar escrow account, and how Feinberg predicted that after all is said and done, he will pay out $6 billion dollars and the remaining $14 billion dollars will be given back to British … Continue reading Ken Feinberg doing his best to make BP look better…

Drake ToulouseDecember 1, 2010December 1, 20101 Comment

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

Barack Obama, British Petroleum, Control the Information, Disenfranchised, Gulf Coast, Ken Feinberg, New Orleans, Oil Spill, Supression of Science, Thad Allen

Good News and Bad News…

What say you…good news first? Okay, the good news: British Petroleum, in compliance with Judge Barbier has given their official decision on whether they will or will not seek to use the $75 million dollar liability cap as a way to contain the financial bleeding. They have opted to fulfill at least one promise and not use the cap. They will pay all judgments made … Continue reading Good News and Bad News…

Drake ToulouseOctober 21, 2010October 21, 2010Leave a comment