Category Archives: oil spill

What’s In A Name?

BP Plans New “Pipeline”
As Fix For Spill
Execs Promise, “This Will Work.”
Richieville News Service – NEW ORLEANS
With the failure of the massive, four-story, 80-ton containment dome to stop the oil leak off the coast of Louisiana, executives of British Petroleum said they had an alternate plan to end the massive ecological disaster. The new effort involves the creation of a new oil, “pipeline” and  though it involves no actual construction, company spokespeople were confident it would effectively resolve the problem.
“It’s simple,” BP spokesman Tod Podsnap told reporters here. “The problem is there is oil in the Gulf of Mexico. Now, unfortunately, we can’t seem to do anything about the oil. But we can do something about the Gulf of Mexico. All we have to do is rename it. We propose that from now on, the Gulf of Mexico be known as the “BP Gulf of Mexico Oil Pipeline.”
Mr. Podsnap insisted there were several immediate advantages to what he admitted was a somewhat unorthodox solution. “Look,” he said, standing in front of a map of the new, “pipeline.”  “Everyone knows it’s really bad to have oil in the Gulf of Mexico, but it’s like, totally natural to have oil in the ‘BP Gulf of Mexico Oil Pipeline.'” He also pointed out that the new pipeline would deliver oil directly to the mainland at no extra cost to consumers, although he did say the company would seek tax breaks to pay for new signage along the Gulf Coast. The only difficulty the company can foresee is that speakers will have to make ironic air quotes whenever they say “pipeline.”
Mr. Podsnap said the company was investigating whether an act of Congress would be needed or if Congress even had the authority to rename an international body of water, but he said BP was sure the measure would receive wide bipartisan support. “It won’t be a problem,” he said, “Did you see how much we gave those guys last year?”

The new “pipeline.”

For more Richieville humor, read the comic sci-fi novel, Rate Me Red.

Oil Spill Special

SEC: Goldman Sachs 
Not Cause Of Oil Spill
Bankers Regret Lost Opportunity
Richieville News Service – WASHINGTON, D.C.
In a surprise finding, investigators for the Securities and Exchange Commission announced today that the massive oil spill threatening the Gulf Coast was not, in fact, caused by the investment firm Goldman Sachs.
“We were as shocked as anyone,” said SEC official Danny Podsnap. “After they wrecked the U.S. economy, bankrupted Greece and tricked kindly widows and orphans out of their life savings, we were sure that somehow they were behind this disaster, too.  I guess they’re not as smart as they think they are.”
The investigators were looking into the role of exotic financial instruments called “synthetic aggregate wildlife credit swaps.” Through these complex investment derivatives, the bankers at Goldman had attempted to take out life insurance policies on the “gannets, terns, tiger shrimp, mollusks and other vertebrates and invertebrates,” living in Gulf wetlands.
Like Goldman Sachs derivatives based on unsecured mortgages, failed real estate deals and wishful thinking, the exact workings of wildlife credit swaps is poorly understood even by those who created and invested in them. According to the SEC, those who bought the derivatives were essentially, “betting against the environment, Mother Nature and the circle of life.” But in the end, the SEC could find no evidence that the Wall Street masterminds had actually caused the deadly explosion, the loss of life and the release of hundreds of thousands of gallons of toxic oil into the fertile waters off Louisiana. More surprisingly, they don’t seem to have directly profited from it.
Goldman CEO Lloyd Blankfein expressed regret, saying that in retrospect the firm missed an opportunity to profit once again from human misery. “We clearly messed up on this one,” he told reporters. “We should have made a couple of hundred million, easy. But hey, you can’t win ’em all!”