Thursday, July 8, 2010

Europe Weighs Deep-Water Drilling Ban

Bloomberg
Businessweek
Europe July 8, 2010, 6:49AM EST

"EU energy commissioner Gunther Oettinger told parliamentarians he may ask for a temporary halt on new drilling permits for deep-water oil wells"

By Andrew Rettman
"EU energy commissioner Gunther Oettinger has indicated that member states should stop giving out fresh permits for deep-water oil drilling in the light of the BP (BP) oil catastrophe." More>>>>

Oil, gas and jobs

The oil and gas industry advocates perpetuate the concept of deregulation, never mind the tax incentives and subsidies the industry enjoys. Instead, a divine "self-regulation" is proffered. As justification these advocates strenuously point out the creation of jobs. To wit, a post at Bluedaze:

Barnett Shale Jobs: Who is making up these numbers?


Wednesday, July 7, 2010

Tesla v. Mopar '10

Finding it ironic that in a little over a week from the IPO (Initial Public Offering) of Tesla, the "Silicon Valley maker of the high-end Roadster electric sports car," Chrysler Group "unveiled a special edition of its Challenger muscle car, dubbed Mopar '10, which will arrive in dealer showrooms next month. Available only in black, the limited production Challenger includes a choice of three accent colors: Mopar blue, red, or silver, on the exterior and interior.

Other features include a 5.7-liter Hemi V-8 engine, gloss-black wheels, a black chromed grill, functional hood scoops and vintage hood pins reminiscent of the pony car era of the 1960s and '70s."

Also of note, "(d)emand for liquid fuels such as gasoline and diesel have started to show "signs of recovery" this year, the Energy Information Administration (EIA) said Wednesday (today)."

Sources:
"Liquid fuels demand shows signs of recovery: EIA," MarketWatch.
"Tesla IPO opens at $19 a share," MarketWatch
"Chrysler Offers a Limited-Edition 2010 'Mopar Challenger'," DailyFinance

NM Legislature offers meetings online

NewsWest9.com
Associated Press - July 7, 2010 6:15 AM ET

"SANTA FE, N.M. (AP) - New Mexicans from across the state can now tune into live audio streaming of proceedings of the Legislature's interim committees.

The Legislative Council voted last week to begin webcasting audio from the interim committee meetings. With this year's meetings being held in Santa Fe, the meeting rooms were already wired and ready to go for webcasting to begin in July.

A link for the webcasts is available at the Legislature's Web site (click here>>>>)." More>>>>



AP: Gulf awash in 27,000 abandoned gas, oil wells

"More than 27,000 abandoned oil and gas wells remain in the Gulf of Mexico and no one's checking to see if they are leaking, reports an investigation by the Associated Press.

The AP, calling the Gulf an "environmental minefield," says the oldest of these wells were abandoned in the late 1940s, raising questions about whether their seals remain intact. It says 3,500 wells are listed as "temporarily abandoned," without seals, with 1,000 of them remaining that way for more than a decade.

The Macondo well beneath BP's Deepwater Horizon rig was being sealed with cement for temporary abandonment when it blew April 20, according to the AP, which says government data indicate BP alone has abandoned about 600 wells in the Gulf. The story adds:

~~~ There's ample reason for worry about all permanently and temporarily abandoned wells – history shows that at least on land, they often leak. Wells are sealed underwater much as they are on land. And wells on land and in water face similar risk of failure. Plus, records reviewed by the AP show that some offshore wells have failed." More>>>>

Tuesday, July 6, 2010

Obama Decried, Then Used, Some Bush Drilling Policies

"Less than four months after President Barack Obama took office, his new administration received a forceful warning about the dangers of offshore oil drilling.

The alarm was rung by a federal appeals court in Washington, D.C., which found that the government was unprepared for a major spill at sea, relying on an "irrational" environmental analysis of the risks of offshore drilling.

The April 2009 ruling stunned both the administration and the oil industry, and threatened to delay or cancel dozens of offshore projects in Alaska and the Gulf of Mexico.

Despite its pro-environment pledges, the Obama administration urged the court to revisit the decision. Politically, it needed to push ahead with conventional oil production while it expanded support for renewable energy.

Another reason: money. In its arguments to the court, the government said that the loss of royalties on the oil, estimated at almost $10 billion, "may have significant financial consequences for the federal government."

The U.S. Court of Appeals reversed its decision and allowed drilling in the Gulf to proceed—including on BP PLC's now-infamous Macondo well, 50 miles off the Louisiana coast.

The Obama administration's actions in the court case exemplify the dilemma the White House faced in developing its energy policy. In his presidential campaign, President Obama criticized the Bush administration for being too soft on the oil industry and vowed to support greener energy forms.

But, once in office, President Obama ended up backing offshore drilling, bowing to political and fiscal realties, even as his administration's own scientists and Democratic lawmakers warned about its risks.

After the Macondo well blew out, sinking the Deepwater Horizon rig and causing a catastrophic spill, Mr. Obama said his administration should have been more vigilant in handling the oil industry. "More needed to be done, and more needs to be done" to tighten oversight, he told reporters recently." More>>>>


Saturday, July 3, 2010

PNM Proposes to Rapidly Raise Rates

If you are a PNM customer, look for a very recently mailed document, "To PNM Customers." According to The New Mexico Independent, June 9th, "The utility, which serves nearly 500,000 New Mexicans, has raised electric rates on some customers by 24 percent over three years, and filed a request last week for PRC approval of another 21.2 percent hike that would take effect in April 2011." Yet, according to the PNM mailer, it appears as if some of the proposed rate hikes on certain entities, such as "Large Service for Mining Customers" and "Mines," were "Cancelled."

The document is "required by the New Mexico Public Regulation Commission (PRC)." The commission will hear the case (No. 10-00086-UT). If you wish to participate in the case, send written comments to:

New Mexico Public Regulation Commission
ATTN: Records Division
PERA Building
1120 Paseo de Peralta
Santa Fe, NM 87501
Case No. 10-00086-UT (refer to the case number)

To become a party, send an original letter and five (5) copies of a "Motion for Leave to Intervene in conformity with 1.2.2.23.A NMAC on or before August 6, 2010."

Also, according to the PNM website, there are public meetings:

Schedule of Kickoff Meetings

Alamogordo
Thursday, July 15, 2010
First National Bank of Alamogordo - atrium
414 10th St.
5:30 p.m. – 7:30 p.m.

Las Vegas
Tuesday, July 13, 2010
N.M. Highlands University -
Sala de Madrid Room
801 University Ave.
5:30 p.m. – 7:30 p.m.

Albuquerque
Thursday, July 8, 2010
Albuquerque Public Schools headquarters -
John Milne Community Board Room
6400 Uptown Blvd. NE
5:30 p.m. – 7:30 p.m.

Rio Rancho
Wednesday, June 30, 2010
Loma Colorado Main Library
755 Loma Colorado Drive NE
5:30 p.m. – 7:30 p.m.

Clayton
Monday, July 12, 2010
Clayton Civic Center
124 N. Front Street
5:30 p.m. – 7:30 p.m.

Ruidoso
Wednesday, July 14, 2010
Village of Ruidoso Council Chambers
313 Cree Meadows Drive
5:30 p.m. – 7:30 p.m.

Deming
Wednesday, July 21, 2010
Morgan Hall, City of Deming offices,
109 East Pine Street
5:30 p.m. – 7:30 p.m.

Santa Fe
Tuesday, July 6, 2010
Santa Fe Community College - Jemez Room
6401 Richards Ave.
5:30 p.m. – 7:30 p.m.

Los Lunas
Wednesday, July 7, 2010
Village of Los Lunas Council Chambers
660 W. Main St.
5:30 p.m. – 7:30 p.m.

Silver City
Tuesday, July 20, 2010
Grant County Commission Offices
1400 Highway 180 East
5:30 p.m. – 7:30 p.m.

"Drill,Baby, Drill!" and "No, You Can't!" Proponents

It is interesting that advocates for "Drill, Baby, Drill!" tend to also be advocates of "No, You Can't!" If the advocates succeed, what will their policies do to the U.S. economy? See video: "Barton Biggs Interview About U.S. Economy, Stocks>>>>"

Related print article:
Bloomberg
"Biggs Sells Technology Stocks on Concern `Soft Patch' to Worsen"


"Concern governments around the world are curtailing stimulus measures too soon spurred Barton Biggs to sell about half of his stock investments this week.

Biggs, whose Traxis Partners LLC gained 38 percent in 2009 when he bought equities after the Standard & Poor’s 500 Index fell to a 12-year low, sold most of his U.S. technology holdings, he told Bloomberg Television yesterday.

Signs the U.S. economy is weakening convinced Traxis to reverse course as the S&P 500 posted a weekly slump of 5 percent, bringing its loss since April 23 to 16 percent. Biggs, 77, said yesterday he cut bullish bets by about half since June 29, when they made up 70 percent of his fund.

“I can change my mind very quickly,” Biggs, who manages $1.4 billion, said in a telephone interview following the Bloomberg Television appearance. “I’m not wildly bearish, but I don’t want to have a lot of risk at this point. I just want to have less exposure at a time like this.”

The withdrawal of government stimulus, including the U.S. Senate’s vote against extending unemployment benefits on June 30, may turn a “soft patch” into a recession, he said. The second recession in three years isn’t inevitable should “rational politicians” take action to avert it, he said.

Stocks in the U.S. have fallen nine times in 10 days, including yesterday when data on jobs and factory orders added to concern the economic rebound is slowing. On Bloomberg Television, Biggs said “policy mistakes” could curb the U.S. expansion in gross domestic product that’s forecast by economists to be 3.2 percent in 2010.

A Mistake

Biggs said it would be a mistake to rein in government spending at a time when global economic growth is weakening. The largest economies should aim to cut deficits in half by 2013, the Group of 20 said in June 27 after a meeting in Toronto." Article>>>> Barton Biggs Video>>>>


For your video enjoyment:



Friday, July 2, 2010

Drillers Enlist Legions of Lobbyists for Battle Over Offshore Regulations



Published: July 2, 2010

"The Gulf of Mexico oil spill has sparked a lobbying rush as companies involved in drilling seek help navigating new policies and influencing ones under development.

Companies ranging from small businesses that make safety equipment to a coalition of drilling interests are asking lobbyists to bridge connections with the Obama administration and members of Congress. Drilling companies hope to push the Interior Department to issue more drilling leases. Manufacturers want to sway new regulations on parts that include blowout preventers, giant safety valves such as the one that appears to have failed in BP PLC's Deepwater Horizon rig.

They have recruited lobbyists with connections, including former Rep. Robert Livingston, (R-La.), who at one time was in line to become House speaker; Norma Jane Sabiston, former chief of staff to Sen. Mary Landrieu (D-La.); and Margo Klosterman, former legislative assistant to House Minority Leader John Boehner (R-Ohio).

"We're reaching out and talking to anyone that will listen," said Jim Noe, senior vice president and general counsel at Hercules Offshore Inc., a Houston-based company that operates rigs used in shallow-water oil and natural gas drilling. "We're talking both to the administration and to Congress."' More>>>>


U.S. Not 'Sovereign' Over Federal Lands, Utah GOP Senate Candidate Says

The New York Times
Published: July 2, 2010

"An attorney seeking to replace Utah Sen. Robert Bennett (R) has pledged to push legislation to curb the Interior secretary's authority to cancel oil and gas leases and argued that the United States may only exercise sovereignty over federal lands with the consent of the state's Legislature.

Republican Mike Lee, a week after narrowly defeating opponent Tim Bridgewater in the state's GOP primary, said he believes the Constitution grants Utah authority to use eminent domain to seize federal lands within its boundaries, a position that worries environmental groups working to protect national monuments and other sensitive lands in the state.

Lee, a legal scholar and former clerk to Supreme Court Justice Samuel Alito who served briefly as legal counsel under former Utah Gov. Jon Huntsman (R), said he would promote public land management policies in Congress that place a greater emphasis on extracting the vast amounts of mineral resources lying underneath his state." More>>>>


(San Miguel) County changes panel after criticism

Las Vegas Optic

By David Giuliani

"The San Miguel County Commission this week decided to change the composition of its oil gas task force after some contended that it was heavily weighted toward the industry.

County officials said they wanted to change the makeup of the 10-member task force after they received disclosure forms from applicants.

In April, the commission formed the task force to make recommendations for an ordinance that would deal specifically with oil and gas drilling. No requests for drilling are pending, but there are some in neighboring counties." More>>>>



Official criticizes Optic over editorial

Las Vegas Optic

By David Giuliani

"San Miguel County Commission Chairman David Salazar promised that the county’s oil and gas task force’s meetings would be open to the public.

He also criticized the Optic for not making that fact known to the public.

A few weeks ago, Alex Tafoya, the county’s planning and zoning supervisor, told the Optic he wasn’t sure if the public would be allowed in the task force’s meetings.

In the “Thumbs” feature on June 4, an Optic editorial stated, “Want to completely discredit the new task force formed to draft an ordinance regulating oil and gas drilling in San Miguel County? Then close the meetings to the public. If that happens, it will be hard to take anything the task force does seriously.”' More>>>>



Thursday, July 1, 2010

Challenges To Shale-Gas Drilling Mount In Pennsylvania

The Wall Street Journal
JULY 1, 2010, 3:31 P.M. ET

By Christine Buurma Of DOW JONES NEWSWIRES

"NEW YORK (Dow Jones)--Against the backdrop of the Gulf of Mexico oil spill, onshore natural-gas production in Pennsylvania is facing sharper scrutiny as concerns about the environmental impact of oil and gas drilling build.

Pennsylvania has become a focal point amid a nationwide boom in natural-gas production as lawmakers, residents and environmentalists struggle to determine how to reap the economic benefits of drilling without causing irreparable environmental damage. In 2008 alone, Pennsylvania garnered $2.95 billion in economic benefit as drilling flourished, according to a study by Pennsylvania State University, and the governor this week cut a deal with lawmakers to start taxing output. But a series of well accidents has raised fears about water contamination and prompted calls for a statewide moratorium. While the spill in the deep waters of the Gulf of Mexico may bode well for some onshore energy producers, the accident has ratcheted up worries about the environmental threat from oil and gas production.

"Gas drilling is an industrial activity, and there are going to be some environmental impacts even when it's done well," said John Hanger, the secretary of the Pennsylvania Department of Environmental Protection, or DEP. "What we're not willing to accept is gas migrating off-site, sloppy handling of materials, leaks and spills."' More>>>>



BP plans to get rid of safety watchdog, sources say

CNN
By Drew Griffin and David Fitzpatrick, CNN Special Investigations Unit
July 1, 2010 7:29 a.m. EDT

"Washington (CNN) -- BP has been trying to shut down an internal safety watchdog agency it set up under congressional pressure four years ago, according to sources close to the office and a leading congressman.

The Ombudsman Program was set up after a 2005 explosion at a BP refinery in Texas that killed 15 workers and a massive oil spill in Alaska the following year. Its chief, former federal judge Stanley Sporkin, would not comment for this story -- but a source inside his office told CNN, "I'm surprised we're still here."

The Washington-based office was set up to hear BP workers' safety concerns after investigations into the Texas City refinery explosion raised questions about whether employees feared retaliation for speaking up. Since then, 112 employees have filed complaints, and 35 of them have dealt with "system integrity or safety issues" that the office says are extremely serious.

But sources close to the office say BP doesn't like having independent investigators pursuing those complaints. A union representative told CNN that some workers who complained have faced retaliation. Jeanne Pascal, a former lawyer for the Environmental Protection Agency, agreed.

"They've been demoted, they've been terminated, they've also been blackballed," Pascal said." More>>>>



CNN Video: "How safe are disperants in clean up?"

More Videos>>>>

RELATED TOPICS


Wednesday, June 30, 2010

Santa Fe Reporter: What's Next? & New Mexico's Worst Case Scenario?

Santa Fe Reporter
June 30 - July 6, 2010

"What's Next? -- The disaster in the Gulf is no anomaly. It's an arrow pointing toward future disasters" page 16 and "New Mexico's Worst Case Scenario?" page 21 below:




"New Mexico's Worst Case Scenario?"

Excerpt:

"Last Oct. 26, federal scientists warned US Energy Secretary Steven Chu about the potentially disastrous consequences of a large earthquake near Los Alamos National Laboratory.

In its report, the Defense Nuclear Facilities Safety Board said a quake could cause LANL’s plutonium to catch fire, creating a radioactive cloud that could kill not only lab workers but people living nearby.

DNFSB Vice Chairman John E Mansfield said Chu must take “definite, measurable, and immediate” steps to batten down LANL’s plutonium.

Four months later, Chu replied that a deputy, James J McConnell (who did not return SFR’s call), would oversee efforts to reduce the risk. What efforts?

Chu’s written response says his department has devised “incentives” of $1.3 million for the private contractor overseeing LANL to develop safety upgrades.

That’s roughly seven-tenths of 1 percent of LANL’s budget.

Three days after DNFSB issued its frightening report, the Energy Department awarded $5 million to a drilling project 50 miles from LANL that could contribute to the earthquake risk.

The award went to Jemez Pueblo for the drilling of two exploratory wells, intended to assess the geothermal energy resources near Indian Springs. Geologists are well aware that certain types of geothermal production can cause earthquakes."

BP Accused of Misreporting Output in Colo.

Time
By AP / KRISTEN WYATT Wednesday, Jun. 30, 2010

"(DENVER) — The Interior Department has fined BP America $5.2 million for allegedly submitting false reports about energy production on an Indian reservation in Colorado.

The Interior Department said Wednesday that the U.S. unit of BP PLC repeatedly misreported royalty rates for natural gas on Southern Ute Indian tribal lands. (Read a brief history of BP.)

Interior spokesman Patrick Etchart said BP was not taking more natural gas than reported. Instead, BP at times reported erroneous royalty rates, or listed natural gas coming from the wrong wells, he said.

BP officials didn't immediately return a call seeking comment. (See pictures of people protesting against BP.)

Southern Ute auditors said they discovered incorrect reports in 2007 and reported them to BP, which blamed the misreporting on a computer glitch and promised to make changes. Etchart wasn't sure how far back the errors went. However, BP's reporting errors continued after the audit pointed out the problems, leading to the fine."


Methane's hidden impact in Gulf oil spill

By Pete Spotts, Staff writer / June 30, 2010

The BP oil blowout, now into its 11th week, is releasing large quantities of methane into the ocean, most of which is remaining dissolved in the waters deep beneath the surface.

~~~ Related Stories

The gas represents an under-appreciated pollutant in a drill-rig disaster that has pumped as much as 60,000 barrels (2.5 million gallons) of oil a day into the Gulf of Mexico, researchers say.

Unlike the oil, the methane isn't coating birds or fouling beaches and wetlands. But it has the potential to wreak havoc on important links in the undersea food chain, researchers say.

By volume, some 40 percent of the hydrocarbons in the reservoir the Deepwater Horizon tapped is gas, of which 95 percent is methane, notes Samantha Joye, a marine scientist at the University of Georgia who has been gathering data at sea on the methane plumes.

By weight, she and her colleagues estimate, for every ton of oil spewing from the broken riser pipe, a half a ton of gas is blasting upward as well. "That's a tremendous amount of gas coming into the water column," she says." More>>>>



Hurricane Alex sending oil to Gulf coast beaches

By MarketWatch

June 30, 2010, 11:04 a.m. EDT

"LOS ANGELES (MarketWatch) -- Hurricane Alex, which strengthened overnight from a tropical storm, is heading for the coastline near the Texas-Mexico border and is starting to churn oil from the massive BP spill on to beaches along the Gulf of Mexico, reports said Wednesday.

Several media outlets reported that as Alex crossed the southern portion of the Gulf, it generated high waves that forced oil-skimming vessels to retreat to shore, and started to push some of the gooey substance spewing from a mile below the ocean's surface toward the coast." More>>>>

Court sets hearing on drilling moratorium

2theadvocate
By BILL LODGE
Advocate staff writer
Published: Jun 30, 2010 - Page: 5A

"A three-judge panel of the 5th U.S. Circuit Court of Appeals will hear the federal government’s plea for reinstatement of the moratorium on deepwater oil and gas drilling in the Gulf of Mexico during oral arguments scheduled for July 8 in New Orleans.

The Obama administration announced the six-month moratorium on May 28. But a group of offshore service companies persuaded U.S. District Judge Martin Feldman to end the freeze three weeks later.

Now, Interior Secretary Ken Salazar is asking U.S. Circuit Judges W. Eugene Davis, Jerry E. Smith and James L. Dennis to reverse Feldman.

The state of Louisiana has joined the offshore service companies in asking the 5th Circuit to uphold Feldman’s decision." More>>>>



BP executives to face public grillings

By Joshua Chaffin in Brussels

Published: June 30 2010 14:41 | Last updated: June 30 2010 14:41

"Top BP executives, including Tony Hayward, could be thrust into a public lion’s den following a decision by the presidential commission investigating the Gulf of Mexico oil spill to hold hearings in affected states.

Bill Reilly, co-chair of the commission, acknowledged concerns that the hearings, which will begin on July 12 at a 500-seat venue in New Orleans, could descend into a carnival-like atmosphere. But he argued that it was important that local residents be heard." More>>>>


Drilling experts tell landowners of fracking peril

Pennsylvania natural gas drilling uses chemicals linked to illness

Star-Telegram
Posted Monday, Jun. 28, 2010

"HARRISBURG, Pa. -- Compounds associated with neurological problems, cancer and other serious health effects are among the chemicals being used to drill natural gas wells in Pennsylvania, although state and industry officials said Monday the practice is not polluting drinking water.

The Associated Press obtained the list from the state Department of Environmental Protection, which assembled what is believed to be the first complete catalog of gas drilling chemicals being used in Pennsylvania. The agency hopes to post it online soon."


Tuesday, June 29, 2010

Colorado’s Vermillion Basin to be off limits to oil, gas drilling

Denver Business Journal - by Cathy Proctor
Tuesday, June 29, 2010, 5:18pm MDT

"The federal Bureau of Land Management said Tuesday that the 77,000-acre Vermillion Basin in northwestern Colorado, thought to have a high potential for producing natural gas, will be placed off limits to oil and gas companies.

That decision is to be part of the bureau’s proposed Resource Management Plan for about 1.9 million acres of mineral leases in Moffat and Routt counties in northwestern Colorado that are managed by its Little Snake Field Office in Craig." More>>>>

Josh Fox's "Gasland" Takes on Natural Gas: Is "Fracking" Polluting America?

CBS News.com
Posted by Shira Lazar


Watch CBS News Videos Online

"LOS ANGELES (CBS) This past January, Josh Fox won the Documentary Special Jury Prize for his groundbreaking work, "Gasland," at the 2010 Sundance Film Festival.

His first ever documentary, now available on HBO, touches on a subject that has become increasingly important in light of the recent catastrophic BP oil spill - the environmental effects of the energy industry's efforts to extract natural resources. In "Gasland," Fox travels across the country exposing what he says are the unsafe drilling practices of the natural gas industry and its detrimental effects on the environment and communities.

Fox's story began in 2008 after being offered $100,000 for a gas lease on his family's 19.5-acre home in Pennsylvania. In an effort to understand what the lease would mean to him and his family, Fox began investigating the effects of natural gas drilling in nearby towns.

"The story from the gas companies, and those concerned in my area were totally radically different, that I decided to investigate about it. Gas companies were saying, 'this is no problem it's basically a fire hydrant in the middle of the field, this is good for the environment...' and then the environmentalists were saying, 'look there's a million chemicals involved, this is incredible destructive to the land, it can contaminate your water, air pollution, people are getting sick.'"

His first stop was a neighboring town called Dimmick where gas companies had set up shop with drilling prevalent throughout the town. According to Fox, the town was "completely upside down. Water contamination, people could light their water on fire, Halliburton trucks everywhere, people were afraid of what was happening to them, they were feeling betrayed, a feeling like they got something completely different than what they signed up for."

Compelled to understand the effects of this type of drilling called "hydraulic fracturing" or "fracking," Fox ventured to more than 20 others states where this practice occurs. He claims we he found was shocking.

In communities where fracking is a common occurrence, negative effects were just as common, he says - sick communities where cancer rates were abnormally high, water that could be lit on fire, not to mention generally unsafe drinking water, animals losing hair, and much more. According to Fox, there are 450,000 of these gas wells across the country, with a proposal for 100,000 more in New York and 100,000 in Pennsylvania.

Not surprisingly, the natural gas industry sees things quite differently." More>>>>

Moratorium claims to be considered with others from Gulf of Mexico oil spill

NOLA.com
Published: Tuesday, June 29, 2010, 7:28 AM Updated: Tuesday, June 29, 2010, 7:29 AM

"Kenneth Feinberg, administrator of the claims fund for victims of the Gulf of Mexico oil disaster, said Monday that the White House and BP have agreed to give him jurisdiction over claims from individuals and businesses harmed by the Obama administration's six-month moratorium on deepwater drilling.

"Yes, I now have discovered -- I didn't realize this until yesterday -- that the moratorium claims will fall under my jurisdiction," Feinberg said in an interview Monday on CNN.

"That's a huge development, and we didn't know that before?" replied the CNN reporter.

"I didn't either," Feinberg said.

Feinberg's new authority could vastly expand BP's liability to include claims not just from those whose livelihood has been directly affected by the spill, but also to include those who work in the deepwater drilling industry. " More>>>>