Editorials

Ann Marlowe: Much Ado About Afghan War Photos

Opinion Journal - Thu, 2024-11-28 20:35
Sometimes men do dumb things. This is one of them, little more.


O'Grady: The Argentine Way of Business

Opinion Journal - Thu, 2024-11-28 20:35
Nationalizations aren't new, but President Kirchner's grab of YPF from Spain's Repsol demonstrates the special nature of kirchnerismo.


Statesmanship in a Divided Era

Opinion Journal - Thu, 2024-11-28 20:35
Fisticuffs on the floor of Congress, Southern threats of secession, saber-rattling over slavery in new states. And then: compromise. David S. Reynolds reviews "America's Great Debate."


Joel Kotkin: The Great California Exodus

Opinion Journal - Thu, 2024-11-28 20:35
A leading U.S. demographer and 'Truman Democrat' talks about what is driving the middle class out of the Golden State.


Notable & Quotable

Opinion Journal - Thu, 2024-11-28 20:35
William Tucker on oil speculators, Adam Smith and Barack Obama.


Elizabeth Warren's Tax Epiphany

Opinion Journal - Thu, 2024-11-28 20:35
The liberal heroine finds an ObamaCare levy to repeal.


Laffer and Moore: A 50-State Tax Lesson for the President

Opinion Journal - Thu, 2024-11-28 20:35
Over the past decade, states without an income levy have seen much higher growth than the national average. Which state will be next to abolish theirs?


Jenkins: Chesapeake and Apple, the Mighty Fallen?

Opinion Journal - Thu, 2024-11-28 20:35
McClendon's problem is leverage. Apple's is margins.


Michelle Van Cleave: Russian Spies Haven't Gone Away

Opinion Journal - Thu, 2024-11-28 20:35
Even when presented with extensive evidence of espionage, this White House looks the other way.


Justin Belmont: A Facebook Shopping List

Opinion Journal - Thu, 2024-11-28 20:35
What might the company buy next? Choices range, of course, from Disinterest to Darfur-Square to Foesbook.


Notable & Quotable

Opinion Journal - Thu, 2024-11-28 20:35
Andy Xie writes that limiting what other people can do seems to be central to the current European thinking on fairness.


Best of the Web Today: Poly Wanna Cracker?

Opinion Journal - Thu, 2024-11-28 20:35
Another attack on Romney predictably backfires.


Egypt's Chaotic Elections

Opinion Journal - Thu, 2024-11-28 20:35
A would-be Arab democracy stumbles toward the finish line.


Democrats for Keystone

Opinion Journal - Thu, 2024-11-28 20:35
Obama is losing support for his pipeline obstructionism.


Greetings From the New Africa

Opinion Journal - Thu, 2024-11-28 20:35
The huge African continent contains both horrendous disasters and extraordinary successes. Richard Dowden on two new books that make the case for optimism, "Africa's Moment" and "Season of Rains."


In Economists We Trust

Opinion Journal - Thu, 2024-11-28 20:35
"What Money Can't Buy" argues that though the free market has made our lives more efficient and comfortable, we are the poorer for it. Jonathan Last reviews.


Women's War on Women

Opinion Journal - Thu, 2024-11-28 20:35
"The Conflict" argues that the rise of attachment parenting has hurt mothers and driven families apart. Molly Guinness reviews.


Obama's Misplaced Sympathies

Opinion Journal - Thu, 2024-11-28 20:35
By Jason L. Riley Why are the political left's sympathies with the criminals instead of with the victims?


BP Cover-upPart 2: Bribery, George Bush and WikiLeaks

Greg Palast - Articles - Thu, 2024-11-28 20:35

by Greg Palast - Exclusive for EcoWatch.org
Friday, 20. April, 2012

Evidence now implicates top BP executives as well as its partners Chevron and Exxon and the Bush Administration in the deadly cover-up –– which included falsifying a report to the Securities Exchange Commission.

Yesterday, Ecowatch.org revealed that, in September 2008, nearly two years before the Deepwater Horizon explosion in the Gulf of Mexico, another BP rig had blown out in the Caspian Sea––which BP concealed from U.S. regulators and Congress.

Had BP, Chevron, Exxon or the Bush State Department revealed the facts of the earlier blow-out, it is likely that the Deepwater Horizon disaster would have been prevented.

Days after the Deepwater Horizon blow-out, a message came in to our offices in New York from an industry insider floating on a ship in the Caspian Sea. He stated there had been a blow-out, just like the one in the Gulf, and BP had covered it up.

To confirm this shocking accusation, I flew with my team to the Islamic republic of Azerbaijan.  Outside the capital, Baku, near the giant BP terminal, we found workers, though too frightened to give their names, who did confirm that they were evacuated from the BP offshore platform as it filled with explosive methane gas.

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Before we could get them on camera, my crew and I were arrested and the witnesses disappeared.

Expelled from Azerbaijan, we still obtained the ultimate corroboration: a secret cable from the U.S. Embassy to the State Department in Washington laying out the whole story of the 2008 Caspian blow-out.

The source of the cable, classified "SECRET," was a disaffected US soldier, Private Bradley Manning who, through WikiLeaks provided hot smoking guns to The Guardian. The information found in the U.S. embassy cables is a block-buster.

The cables confirmed what BP will not admit to this day: there was a serious blow-out and its cause was the same as in the Gulf disaster two years later: the cement ("mud") used to cap the well had failed. Bill Schrader, President of BP-Azerbaijan, revealed the truth to our embassy about the Caspian disaster:

“Schrader said that the September 17th shutdown of the Central Azeri (CA) platform… was the largest such emergency evacuation in BP’s history. Given the explosive potential, BP was quite fortunate to have been able to evacuate everyone safely and to prevent any gas ignition. … Due to the blowout of a gas-injection well there was ‘a lot of mud’ on the platform.”

From other sources, we discovered the cement which failed  had been mixed with nitrogen as a way to speed up drying, a risky process that was repeated on the Deepwater Horizon.

Robert F. Kennedy Jr., president Waterkeeper Alliance and senior attorney for Natural Resources Defense Council, calls the concealment of this information, "criminal. We have laws that make it illegal to hide this."

The cables also reveal that BP's oil-company partners knew about the blow-out but they too concealed the information from Congress, regulators and the Securities Exchange Commission.

BP's major US partners in the Caspian Sea drilling operation were Chevron and Exxon. The State Department got involved in the matter because BP’s U.S. partners and the Azerbaijani government were losing over $50 million per day due to the platform’s shutdown.  The Embassy cabled Washington:

“BP’s ACG partners are similarly upset with BP’s performance in this episode, as they claim BP has sought to limit information flow about this event even to its ACG partners.”

Kennedy is concerned about the silent collusion of Chevron, Exxon and the Azerbaijani government.  “The only reason the public doesn’t know about it is because the Azerbaijani government conspired with them to disappear the people who saw it happen and then to act in concert, in collusion, in cahoots with BP, with Exxon, with Chevron to conceal this event from the American public.” – To read the full story go to EcoWatch.orgCheck out the Youtube video

______

Re-prints permitted with credit to EcoWatch.org and the author.

Greg Palast is the author of Vultures’ Picnic (Penguin 2011), which centers on his investigation of BP, bribery and corruption in the oil industry. Palast, whose reports are seen on BBC-TV and Britain’s Channel 4, will be providing investigative reports for EcoWatch.org.

You can read Vultures' Picnic, "Chapter 1: Goldfinger," or download it, at no charge: click here.

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Wendy Long: Financial Regulation Is Hurting New York

Opinion Journal - Thu, 2024-11-28 20:35
The state deserves a senator committed to preserving its leadership in world markets.


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