Friday, November 18, 2011

Spill, baby, spill?

*  Oh, my.  They've done it again.

The Brazilian Federal Police's environmental affairs division alleges that an oil spill in an offshore field operated by Chevron (CVX) is "far bigger" than the company has stated, the Associated Press reports. 

The group says there is only one ship being used in the clean up, though Chevron says there are 18 ships being used. The drilling contractor for the well is Transocean (NYSE:RIG).....

As you may recall, Transocean was one of the companies involve in the Gulf of Mexico spill in 2010. A related story on Transocean comes from FuelFix:

Transocean Ltd. can’t blame the U.S. government for partial fault in the 2010 blowout of BP Plc’s Macondo Well in the Gulf of Mexico and subsequent oil spill, a judge said.

Transocean filed a claim against the U.S. in February, contending the incident may have been caused in part by the acts of federal agencies and government employees. Transocean was seeking a credit or offset on any prospective damages assessed against the company in the lawsuits....

...The accident and spill led to hundreds of lawsuits against London-based BP and its partners and contractors including Transocean, the Switzerland-based owner and operator of the Deepwater Horizon drilling rig that exploded; Halliburton Co., which provided cementing services; Cameron International Corp., which provided blowout-prevention equipment; and BP’s minority partners in the well, Anadarko Petroleum Corp. and Mitsui & Co.’s Moex Offshore LLC unit.

Now Republicans, including Rep. Steve Stivers (OH-15) and John Boehner, want to allow more drilling to help pay for infrastructure repairs in the U.S., according to the CypressTimes.  In the CypressTimes story, those mentioned include Republicans Stivers, Boehner, John Mica, Doc Hastings, and Tim Murphy.

Open Secrets notes the following from the personal financial disclosures of those Republicans:
Stivers owns stock in Exxon Mobil
Boehner owns stock in Chevron, ConocoPhillips, Exxon Mobil, Occidental Petroleum

Hey. I'm just saying.......