Yea, you guys heard that right. Remember that huge spill last April? Remember Obama denouncing BP, holding hearings and forcing BP to set aside $20 billion for the clean up? Remember his Oil Spill Commission Report stating BP had safety issues which were the cause of the catastrophe? Remember the moratorium placed by Obama/Salazar/BOEMRE on deep-water drilling in certain parts of the Gulf and Atlantic seaboard “because of this spill”? Remember the 103 new drilling permits awaiting approval in the Gulf?
Finally last week, if one recalls, under pressure after hearings held by Doc Hastings (R-WA) Chairman of the House Natural Resources Committee, BOEMRE issues one deep-water drilling permit to Houston’s Noble Energy. Great news, we were thinking. Perhaps the flood gates will be opening and more permits will be forthcoming. This permit was for resumption of Noble’s Santiago well in the Gulf.
Well, guess who owns 46.5%, the largest piece of the Santiago well? You guessed it. None other than that “evil” BP.
I had seen several reports from UPI and a couple others about this last week, but no links were provided so I couldn’t confirm this. Until today. The Institute for Energy Research answered my question on twitter, as to whether or not this could be confirmed. Here is their answer:
Link to their tweet is here.
The link is to the subscription-only Financial Times, however here is a quote from the article:
Noble is the operator, meaning it is in charge of day-to-day decisions about the well, but it owns just 23.25 per cent of the project. BP has the biggest stake, with 46.5 per cent.
Michael Bromwich, the director of the BOEMRE, did not mention BPâ€™s involvement when he announced the permit award on Monday, saying that Noble had â€œsuccessfully demonstrated that it can drill its deep water well safely and that it is capable of containing a subsea blow-out if it were to occur.â€
Yea, Bromwich. You conveniently didn’t announce BP’s involvement. Well, ya know, as a reporter I should only be throwing out there “who, what, when, and where,” NOT “why.” But I’m sure many are asking questions and eyebrows are being raised since BP will again be making money from the Gulf.
BP causes an environmental disaster and ends up being treated better than other oil companies? The company that caused the mess in the Gulf is the first to benefit from this administration and other companies stand by waiting for crumbs.
Lou Dolinar at NRO questions the strange behavior of the Obama administration:
a) Why did the administration penalize and systematically attack BPâ€™s competitors by banning drilling in the Gulf while BP fought the blowout, and b) why is it now giving the first drilling permit to BP?
Oh, and that’s not all. BP handed out bonuses to some of their top dogs. Per Yahoo news:
Chief financial director Byron Grote received a Â£380,000 ($620,000, 445,000 euro) bonus while Iain Conn, head of downstream activities, picked up a payment of Â£310,500.
Crossposted at Conservative Outlooks