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BP Showdown on Tuesday


Unless you’ve been living under a rock, you are aware that oil has been gushing in the Gulf of Mexico since the rig explosion on April 20th.

Some important events happening today:

Various oil execs (Shell, ConocoPhillips, Exxon) are expected to turn against BP at a hearing on Capitol Hill.  What better way to differentiate yourself… than point fingers.

BP’s day of fun will not end there.

The POTUS (President of the US) is planning to visit the Gulf today (which will be his second visit since the day of the explosion) and upon returning to the WH, will hold his first Oval Office speech.  The location of choice from which the POTUS will be speaking (Oval Office), illustrates the importance the speech.

The Brits aren’t too thrilled with the way that the US is treating BP.  To be honest, I had no idea how large a company BP was, and how vital it is to the British economy.

“[BP] It employs over 10,000 people here, its overseas revenues support our balance of payments and it generates nearly £6billion a year in taxes. Its shares are owned – directly or through pension funds – by 18million Britons, and its dividends amount to £1 in every £7 paid by British firms.”

I’m not sure what the hearing or the POTUS speech will actually do to help solve the problem, on the grand scheme of things.  As we speak, BP is trying to stop the leak…obviously they don’t want to hurt the environment, or continue to lose millions of dollars a day.   They need a creative idea (technology solution).  If you have one, you can submit it here, and the US EPA (Environmental Protection Agency) will review it and forward it on.

Now that would be a nice addition to your resume…

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