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

Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option

Louisiana Attorney General, Buddy Caldwell, in conjunction with the Attorneys General’s of Mississippi, Florida and Alabama have warned that Feinberg’s third option may not be the best move for everybody. “Claimants considering making a quick final payment claim should also evaluate whether their total damages exceed the set amount offered…even if an unforeseen event such as a future hurricane causes more oil from the spill … Continue reading Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option

Drake ToulouseDecember 20, 2010December 20, 20102 Comments

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

BP, Feinberg and $4 Billion Dollars

As a result of the Federal lawsuit against British Petroleum for violations of the Clean Water Act and Oil Pollution Act, estimates are the resulting fine for British Petroleum could be between $5 and $20 billion dollars, depending primarily upon whether BP is found grossly negligent in the explosion of the Deepwater Horizon. Though these numbers have been written about for months, according to an … Continue reading BP, Feinberg and $4 Billion Dollars

Drake ToulouseDecember 18, 2010December 18, 20105 Comments

Barack Obama, Bobby Jindal, British Petroleum, Class War, Disenfranchised, Gulf Coast, Ken Feinberg, New Orleans

Bobby’s Bad Day…in Texas

Louisiana Governor Bobby Jindal, ever concerned about the needs of his constituents, spent yesterday attending to Louisianans in the grand ol’ state of Texas. He gave a speech. He hawked his book. He did a fund-raiser. Oh, and while Bobby was out of town again… The National Oil Spill Commission declared that Jindal’s great sand berm idea was ineffective to say the least, largely as … Continue reading Bobby’s Bad Day…in Texas

Drake ToulouseDecember 17, 2010December 18, 20102 Comments

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

In Denial – BP said “Yes,” GCCF told her “No.”

“The GCCF takes into account evidence of the connection between the asserted loss and the spill, the nature of the claimant’s job or business, and the extent to which the claimant’s job or business is dependent upon injured property or natural resources,” the letter stated. “In weighing these factors, the GCCF has determined that you did not demonstrate that you lost profits or income as … Continue reading In Denial – BP said “Yes,” GCCF told her “No.”

Drake ToulouseDecember 15, 2010December 15, 20102 Comments

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

Feinberg fights back in the press…and blows it.

Kenneth Feinberg, the arbitrator of BP’s oil spill fund, has forwarded twelve names to the Justice Department for fraudulently attempting to get money from the claims fund as reported in the Wall Street Journal, The New York Times and Bloomberg. Not only this, his legal team is currently examining 2000 other claims they suspect to be fraudulent. Said Feinberg, “The fund is working closely with the … Continue reading Feinberg fights back in the press…and blows it.

Drake ToulouseDecember 11, 2010December 11, 2010Leave a comment

British Petroleum, Control the Information, Gulf Coast, Macondo Well, Oil Spill

Bob Dudley…what are we playing for?

British Petroleum’s CEO, Bob Dudley has provided estimates to the business world and more importantly, to its investors that BP’s share of costs associated with the Deepwater Horizon will not exceed $40 billion dollars when all is said and done. Still trying to reassure his company’s investors, Dudley has even indicated that dividend payments will resume again in the new year. Course, there is a … Continue reading Bob Dudley…what are we playing for?

Drake ToulouseDecember 10, 2010December 10, 2010Leave a comment

British Petroleum, but what a charmer, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Feinberg out smoking a cigarette while 100,000 claims denied in ten days

December 15th is looking to be a disappointingly memorable day for citizens of the Gulf Coast. This is the deadline when all emergency claims to BP’s $20 billion fund must be processed and since August 23rd when Kenneth Feinberg took over the fund from British Petroleum, he has denied 173,000 claims including 100,000 in the past seven days alone. Documentation, documentation…documentation.. “The number of denied … Continue reading Feinberg out smoking a cigarette while 100,000 claims denied in ten days

Drake ToulouseDecember 8, 2010December 8, 20101 Comment

British Petroleum, Class War, Disenfranchised, Gulf Coast, Ken Feinberg, Oil Spill

Now, BP wants claimants’ legal rights to sue other companies

To sue or not to sue, this has been a question on the minds of many in the Gulf Coast. As things currently stand, if a claimant accepts a final payment from the $20 billion dollar escrow fund being run by Ken Feinberg, that claimant gives up their right to sue for punitive damages, but in a new rule being considered by Feinberg, these claimants … Continue reading Now, BP wants claimants’ legal rights to sue other companies

Drake ToulouseNovember 18, 2010November 18, 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

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