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BP says the creation of this fund is over and beyond their obligations under the Oil Pollution Act of 1990.
While I appreciate the effort - believe me, I really think using the funds for wildlife refuges is the right thing to do - I won't delude myself to think this is anything more than pure PR.
Oil-spill flow rate estimate surges to 35,000 to 60,000 barrels a dayNone (April 22)
1,000 barrels a day (April 24)
5,000 barrels a day (April 28)
12,000 to 19,000 barrels a day (May 27)
25,000 barrels a day (May 27)
25,000 to 30,000 barrels a day (June 10)
:frown:35,000 to 60,000 barrels (1.47 million to 2.52 million gallons) of oil a day are now gushing from the reservoir deep beneath the gulf. {June 15}
...the gushing well in the Gulf of Mexico probably still holds about 2 billion gallons of oil...
...That means the reservoir likely holds 94 to 97 percent of its oil. At the current flow rate, it would take from two to nearly four years for all the oil to leak from the field if it can't be stopped...
Gulf disaster needs divine intervention as man's efforts have been futile. Gulf lawmakers designate today Day of Prayer for solution/miracle
WSJ
Time to Plug In Electric Cars
http://online.wsj.com/article/SB10001424052748703650604575312550108458916.html
I believe that now is the time to pass some sort of pro-electric bill, not after the trauma has subsided. If they wait too long the only thing that would help increase interest in electric vehicles again is another extreme hike in gasoline prices or another disaster and we can't really afford either one.Indeed, the White House believes that, once the trauma of the spill subsides, the chances of passing broad energy legislation—suspended in a partisan coma before the spill—actually will have improved, because the crisis will have a galvanizing effect on America's yearning for a different energy future.
Those communities would get funds to build recharging stations, for example, and residents would get an increase in an existing tax credit for buying electric cars, to $10,000 from $7,500.