Today in BP Oil Disaster: Day 43



Welcome to our new daily blog feature, Today in BP Oil Disaster. What's up this morning on the first day of the 2010 hurricane season?

Management Today has a brief article on everyone's favorite corporate executive, BP CEO Tony Hayward:

But as BP’s efforts to stop the oil gushing out get increasingly desperate, CEO Tony Hayward hasn’t exactly been doing his bit to win friends and influence people State-side. ‘There’s nobody who wants this over more than I do. I want my life back,’ he apparently told a US radio station – rather unfortunate, especially given that his finer feelings aren’t exactly high on US priority lists at the moment...

• ... which may be why BP hired a new spokesperson over the weekend to manage US media relations. Everyone put your hands together and give a big Corexit-soaked welcome to Anne Kolton!

Most recently, Ms. Kolton served as Vice President Dick Cheney’s Campaign Press Secretary. Prior to joining the Bush-Cheney 2004 campaign, Ms. Kolton was Director of Public Affairs at the Department of the Treasury and previously served as Senior Advisor to Chairman William H. Donaldson at the Securities and Exchange Commission.

Ms. Kolton joined the Bush administration in January 2001 as Assistant Press Secretary in the White House Press Office after serving on the Bush-Cheney 2000 campaign as Assistant Press Secretary to then Vice Presidential candidate Dick Cheney.

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• BP stock is tanking this morning, losing billions, and has lost 1/3 of its value since the oil rig exploded. At the Wall Street Journal, a stock analyst named Dougie sees the real problem:

Dougie Youngson, an analyst at Arbuthnot Securities in London who slashed his BP rating to "sell" from "buy," said the question now isn't just Mr. Hayward's tenure as chief executive but the survivability of BP as a whole.

"What worries us the most is the emotive language coming from the Obama administration and the reputational damage done so far. It is difficult to see how the company can recover and it remains unclear what punitive measures will be put in place in terms of its operations in the Gulf of Mexico," he said in a note to clients.

• In 2008, BP told the Minerals Management Service it could handle an oil disaster 10 times the size of Deepwater Horizon.

• West Jefferson Medical Center has set up a first-aid station in Grand Isle to aid sick workers.

• The L.A. Times estimated the crowd at Sunday's protest to be only 200 people, and snarked "Up the street, the crowd crammed into Café du Monde to eat beignets was even bigger than the one at the rally in Jackson Square." The rally wasn't in Jackson Square, which was locked, but in Washington Artillery Park. And this is what 200 people looks like to the L.A. Times:

200 people

Photo by Editor B. Shared under a Creative Commons license.

More people in line at Cafe Du Monde? Really? We'll never know how they came to that conclusion, because the Times has deleted all comments on their inaccurate story and disabled the ability to leave more. Thanks, L.A. Times!

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