EcoSphere Technologies Inc. (fka ESPHQ)

[joedebull]

On April 6, 2009 (Obama administration) Interior's Mineral Management Services (MMS) granted the lease at Deepwater Horizon a "categorical exemption" from an environmental impact study required by the National Environmental Policy Act. That exemption basically means that MMS determined that there would be no significant environmental problems from the well.

BP submitted a brief environmental impact anaylsis that stated "it is unlikely that an accidental oil spill would occur from the proposed activities" and MMS agreed.

While Obama will use the spill to try to cram through his Cap and Tax bill, using the spill as a reason why "The time has come, once and for all, for this nation to fully embrace a clean energy future", the issues really are not that related.

One result of all of this will be more imported oil from Canada.



LINK:

http://wolves.wordpress.com/2010/05/20/why-was-the-deepwater-horizon-given-a-categorical-exclusion/