Yesterday June 16, 2010, the Obama administration announced that BP had agreed to its request for a $20 billion escrow account to be setup to aid victims of the oil spill. The fund that's set up will be run by Kenneth Feinberg the lawyer and mediator who ran the fund...
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Tag Archives: BP Oil Spill
Gulf Coast Oil Spill: Should Obama Administration Intervene or Not?
Over a month has passed since the initial explosion that claimed the lives of 11 British Petroleum workers, and created possibly the single greatest disaster in the history of oil exploration. The initial response of the companies involved was to placate the citizenry by assuring that the damage and impact...
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