Follow up to postings on the Gulf Coast oil spill this news release: “Rep. Edward J. Markey (D-Mass.) today continued to raise questions about BPs potential motivations to low-ball the flow rate and size of the spill, and released new documents showing BP knew the spill could have been much bigger than they claimed. The report, conducted by the National Incident Commands Flow Rate Technical Group, found that the spill was likely between 12,000 and 19,000 barrels a day, far above the 1,000-5,000 barrels a day BP estimated for most of the spills duration. Rep. Markey has engaged with numerous independent scientists on this issue who claimed the spill was much larger than BPs estimates…Yesterday Rep. Markey pressed this point with Interior Secretary Ken Salazar, citing documents he obtained from BP that showed BP knew as early as a week after the explosion on the Deepwater Horizon rig that the spill could have been much higher than their initial estimate of 1,000 barrels. Secretary Salazar agreed with Rep. Markey that BP could have a financial interest in underestimating the size of the spill.
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Daily Archives: May 27, 2010
New GAO Reports: Airline Mergers, Defense Management, Nursing Homes, Private Pensions, Teen Driver Safety
Airline Mergers: Issues Raised by the Proposed Merger of United and Continental Airlines, GAO-10-778T, May 27, 2010 Defense Management: DOD Needs to Assess Effectiveness and Determine Future Direction for Its High Performing Organizations, GAO-10-566R, May 27, 2010 Low-Income and Minority Serving Institutions: Sustained Attention Needed to Improve Education’s Oversight of Grant Programs, GAO-10-659T, May 27,… Continue Reading
CBO Study: An Analysis of the Navy's Fiscal Year 2011Shipbuilding Plan
An Analysis of the Navy’s Fiscal Year 2011 Shipbuilding Plan, May 2010 “The direction of the Congress, the Department of the Navy issues annual reports that describe its plans for ship construction over the coming 30 years. The latest reportissued in February and covering fiscal years 2011 to 2040contains some significant changes in the Navys… Continue Reading
CBO: The Effects of Automatic Stabilizers on the Federal Budget
The Effects of Automatic Stabilizers on the Federal Budget, May 2010 “Fluctuations in the budget deficit are influenced by legislation that governs taxation and spending and by the automatic responses of revenues and outlays to developments in the economy and other factors. This report focuses on a component of the latter groupthe automatic stabilizersthat reflect… Continue Reading
Treasury Releases New Guidance for Tax Credit in Affordable Care Act to Support Groundbreaking Biomedical Research
News release: “The U.S. Department of the Treasury today announced the guidelines for applying for the new Therapeutic Discovery Project Program created by the Affordable Care Act. The program will provide tax credits and grants to small firms that show significant potential to produce new and cost-saving therapies, support good jobs and increase U.S. competitiveness…The… Continue Reading
President Obama Issues New National Security Strategy
National Security Strategy, May 2010 “The two decades since the end of the Cold War have been marked by both the promise and perils of change. The circle of peaceful democracies has expanded; the specter of nuclear war has lifted; major powers are at peace; the global economy has grown; commerce has stitched the fate… Continue Reading
National Center for Education Statistics: The Condition of Education 2010
News release with links to the report: “The Condition of Education 2010 summarizes important developments and trends in education using the latest available data. The report presents 49 indicators on the status and condition of education, in addition to a special section on high-poverty schools. The indicators represent a consensus of professional judgment on the… Continue Reading
Flow Rate Group Provides Preliminary Best Estimate Of Oil Flowing from BP Oil Well
Follow up to postings on the Gulf Coast oil spill, from the Deepwater Horizon Incident Joint Information Center – Flow Rate Group Provides Preliminary Best Estimate Of Oil Flowing from BP Oil Well WSJ.com: Spill Tops Valdez Disaster – BP Pauses, Then Resumes Pumping ‘Mud’ Into Broken Well; Regulator Resigns Continue Reading
