offshore drilling
East China Sea gets scary —again
BP Gulf oil spill trial opens
Trial began Feb. 25 in the US District Court for the Eastern District of Louisiana between individuals affected by the 2010 Deepwater Horizon oil spill and British Petroleum (BP). The other corporations involved are the rig owner Transocean and well cement services provider Halliburton. The parties bringing suit against BP include the US Department of Justice (DoJ), states bordering the Gulf Coast, and individuals who did not agree to an earlier settlement agreement. The trial is to be conducted in phases with the first part focusing on determining what caused the blowout of the well and assign percentage blame on the companies involved. Other issues that are to be resolved are BP's level of negligence in conjunction with the incident and the amount of oil that escaped into the Gulf of Mexico, both elements are critical to determine BP's penalties under the Clean Water Act (CWA).
Chuck Hagel: revenge of the paleocons?
Talk of former Republican Nebraska senator Chuck Hagel's imminent nomination as Obama's new Secreaty of Defense has sparked all the predictable reactions—but they don't neatly break down along lines of right and left. MondoWeiss says the pick is "setting up a battle between the left and right flanks of the Israel lobby and between realist supporters of Hagel and his neoconservative detractors." We have, of course, pointed out that "realist" or "pragmatist" is a euphemism for what is more properly termed "paleocon." While the neocons harbor hubristic dreams of re-making the Middle East (and the rest of the world) along lines favorable to the US and Israel, the paleocons favor stability under authoritarian regimes. Neither position is even remotely progressive, and it is frustrating to see ostensible leftists get caught up in a Beltway intrigue between rival currents within the political right.
Petro-oligarchs play presidential candidates —again
In case you were wondering, the oil and energy industry are hedging their bets by funding both candidates (gee, what a surprise)—but not equally. Politico noted back in April that BP has favored Obama:
BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company's political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals.
Petro-oligarchs play presidential candidates —again
We don't doubt that Big Oil has its money on the Republicans and Mitt Romney when push comes to shove. But we noted back in 2008 that the reigning petro-oligarchs were deftly playing both sides in the presidential race. The nature of the game is that no matter who gets in, the petro-oligarchs win. But a part of the game is that Romney gets to bait Obama as a Green Stalin for suggesting that some remnants of federal oversight over the oil industry be retained—which only causes Obama to capitulate yet further. In terms of actual policy on oil and energy, the difference between the two parties has been narrowing almost from the moment Obama took office, until today it is vanishingly small. From AP, Aug. 23:

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