Tuesday, July 31, 2012

News Clippings 7/31/12

Oil Spill



Palazzo vows to protect shipbuilding from budget cuts during well-received

meeting in Gautier ?

Mississippi Press

Monday, July 30, 2012, 5:03 PM

By Kaija Wilkinson

GAUTIER, Mississippi -- A thriving Ingalls shipyard is critical to the

local, state and national economies.



…Palazzo also shared a few examples of how lawmakers have been able to work

together to get things done regardless of party affiliation.



One example, he said, is passage of the RESTORE Act, which shifts billions

of dollars that BP was fined as a result of the Deepwater Horizon oil spill

from the federal government to the states that were affected, including

Mississippi. He said that hundreds of millions would be controlled at the

local level in Mississippi.

http://blog.gulflive.com/mississippi-press-news/2012/07/palazzo_vows_to_protect_shipbu.html






Coastal restoration fuels emerging geosynthetics industry

Daily Comet
Jeremy Alford
Published: Monday, July 30, 2012 at 10:19 a.m.

BATON ROUGE — A new study published by Duke University predicts the

oncoming wave of coastal restoration and protection work will help give

rise to the geosynthetics industry in Louisiana.



http://www.dailycomet.com/article/20120730/ARTICLES/120739983




BP suffers big drop in earnings


CNN


(Financial Times) -- BP's quarterly earnings fell 35 per cent on weaker oil
and US natural gas prices and falling production.
The UK oil group reported adjusted profit of $3.7bn, compared with $5.7bn a
year ago. The steep drop shows BP is still struggling to adjust more than
two years after the Deepwater Horizon disaster in the Gulf of Mexico.
http://edition.cnn.com/2012/07/31/business/bp-earnings/index.html





BP adds $847m to Deepwater Horizon costs
Gulf of Mexico oil spill continues to plague BP more than two years on as
it reveals another $847m hit to cover legal costs
Guardian

The Gulf of Mexico oil spill continues to plague BP more than two years
after the disaster as the company has revealed another $847m (£538m) hit to
cover rising legal costs.
The additional charge for the second quarter brings the total bill for the
fatal Deepwater Horizon incident to $38bn, BP said.


http://www.guardian.co.uk/business/2012/jul/31/deepwater-horizon-bp-847m-dollars?newsfeed=true





State News





Cameras to go under the streets
WTVA





CORINTH, Miss. (WTVA) -- Cameras are set to go under the streets of
Corinth.

They will be used to track leaks or other problems as part of a major sewer
system upgrade.

…Mayor Tommy Irwin says the end result becomes a violation of the
Mississippi Department of Environmental Quality permit.

http://www.wtva.com/news/local/story/Cameras-to-go-under-the-streets/I1fzeYzXD0-uAsB5K-NeRw.cspx





The How's of a Local Earthquake
WTOK






The small earthquake that shook northern Lauderdale county early Friday
morning brings about more questions than answers. The primary question is
why in the world did an earthquake hit Mississippi?
http://www.wtok.com/home/headlines/The-Hows-of-a-Local-Earthquake-164101596.html




Earthquake Hits East Miss.
WTOK






The U.S. Geological Survey says an earthquake shook East Mississippi near
the Lauderdale-Kemper county line.
http://www.wtok.com/home/headlines/Earthquake-Hits-East-Miss-164081306.html




National News



Anti-fracking rally targets Washington
UPI



WASHINGTON, July 30 (UPI) -- Anti-fracking protesters joined ranks for a
march and rally in Washington, ending at the U.S. Capitol, calling their
movement a "Stop the Frack Attack."
http://www.upi.com/Business_News/2012/07/30/Anti-fracking-rally-targets-Washington/UPI-84471343657064/?spt=hs&or=bn




Ethanol Lobby Expects Opponents To Ask EPA To Suspend Law



Bloomberg


The Renewable Fuels Association, the largest U.S. ethanol trade group, said

it expects livestock and poultry industry supporters to ask the Obama

administration to suspend the nation's ethanol requirement as early as

today.

http://www.bloomberg.com/news/2012-07-30/ethanol-lobby-expects-opponents-to-ask-epa-to-suspend-law-1-.html