Wednesday, October 6, 2010

Obama Blocked BP (NYSE:BP) Worst-case Scenario Estimates Release

A report from the presidential commission looking into the BP (NYSE:BP) oil spill found the Obama administration blocked the release of worst-case scenario estimates on how much oil was flowing into the Gulf of Mexico.

Reportedly the National Oceanic and Atmospheric Administration (NOAA) wanted to publicize what some of the models describing the worst-case scenarios which could happen over the long term, and the White House's Office of Management and Budget denied the request.

The commission said, "Staff was told that the Office of Management and Budget denied NOAA's request."

1 comment:

  1. Spills have happened before and they will happen again despite our best efforts. We seem to be unable to learn from history. Here's the story about the worst oil spill in United States history which was nearly twice the size of the Macondo blowout: