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-- Ecological Disaster Gulf of Mexico
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Posted by Nrg2Nfinit on Jun-18-2010 06:12:

quote:
Originally posted by Lews
True, though in this case hasn't BP said they aren't going to pay a dividend for a while?


yes your correct. I think you have at least two quarters. I'm going to wait until they have a nice up day and perhaps try this out. If a buyout is announced though, that could definatley spell trouble for shorters.


Posted by Nrg2Nfinit on Jun-18-2010 06:22:

quote:
Originally posted by EddieZilker
I wear neither Wal*Mart nor Birkenstocks. If appropriate measures had been taken to manage the impact, I might agree with you, but you're merely justifying your position out of expediency and not out of any altruistic intention.


I do have some altruistic intention (although it may seem slight) and that is to rid ourselves of fossil fuels and/or minimize our usage of it in an economic fashion by somewhat encourageing the notion for expensive oil. Whether you like it or not, you know that increasing the price of oil and making it unafordable for the average consumer, is the only way to stimulate an alternative energy source market. You seem fairly educated in economics with your references to greenspan and buffet, so why not continue your argument with rationale instead of simply trying to personalize the matter.


Posted by idoru on Jun-18-2010 06:24:

quote:
Originally posted by EddieZilker
It was ridiculous. They start off detailing all of the information they have, then say that Hayward's been given questions in advance. Every single answer he gave was either PR pablum or it was strictly plausible deniability. He never once answered any question, but either the most basic or to which an answer was already obvious. Waxman kept leaning into him, too, saying, "Didn't you promise to focus like a laser on safety issues?"

He was like a prize fighter focusing on Hayward's "Laser" quote like it was a cut above his eye. Of course the guy sat there like a teenager who'd just been caught steeling on video camera but is too stupid to realize that they already had all the evidence to crucify him in the eyes of the public. I don't think I've seen such a passive-aggressive display, in quite a long time.


... which is pretty much exactly what I'd expected to happen.


Posted by EddieZilker on Jun-18-2010 14:19:

quote:
Originally posted by idoru
... which is pretty much exactly what I'd expected to happen.


I know, but one always has that malignant optimism that for just fucking once, when someone is given a crystal clear opportunity to do the right thing, which has been spoon fed to them as to exactly what it is, that they would just do it, rather than the feigning of contrition then undermined by the flat-out willful opacity that, exhibited yesterday.


Posted by saluyamo on Jun-18-2010 14:33:



ZOMBIE!


Posted by EddieZilker on Jun-18-2010 17:15:

quote:
Originally posted by Nrg2Nfinit
I do have some altruistic intention (although it may seem slight) and that is to rid ourselves of fossil fuels and/or minimize our usage of it in an economic fashion by somewhat encourageing the notion for expensive oil. Whether you like it or not, you know that increasing the price of oil and making it unafordable for the average consumer, is the only way to stimulate an alternative energy source market. You seem fairly educated in economics with your references to greenspan and buffet, so why not continue your argument with rationale instead of simply trying to personalize the matter.


Kind of like the vendors of ice for $8.00 per six ounce cup were price gouging survivors in the aftermath of Hurricane Andrew - just to ween them off their dependence on frozen water.

Thanks!


Posted by ModernNosferatu on Jun-18-2010 17:55:


Posted by Joss Weatherby on Jun-18-2010 18:57:

MEGA LESBIAN MIND RAPES KIDS AND HOW TO GET THOSE STAINS OUT OF YOUR STARCHED WHITE SHIRTS NEXT AT 11!


Posted by The17sss on Jun-18-2010 19:31:

quote:
Originally posted by ModernNosferatu




Posted by Nrg2Nfinit on Jun-18-2010 20:41:

quote:
Originally posted by EddieZilker
Kind of like the vendors of ice for $8.00 per six ounce cup were price gouging survivors in the aftermath of Hurricane Andrew - just to ween them off their dependence on frozen water.

Thanks!


Apples and oranges. If you aren't willing to see oil as a luxury, then you are no better then BP. People who think $70 dollars per bbl is a feasable price are teh same people that are gung ho about offshore drilling without contigency, and believe that peak oil is simply a fallacy.

If offshore drilling cannot be made safe, it should be halted. If we don't have offshore drilling, true oil costs will be realized, you'll see.


Posted by Lews on Jun-19-2010 00:18:

quote:
Originally posted by Nrg2Nfinit
yes your correct. I think you have at least two quarters. I'm going to wait until they have a nice up day and perhaps try this out. If a buyout is announced though, that could definatley spell trouble for shorters.


Yeah, I'm waiting for the stock to go up a little bit before I try it. Probably won't do too many shares either, just give it a little try for kicks.

Do you think they'll be bought out? They have plenty of capital and their balance sheet is good (was fantastic before this). Just everyone hates them.

I'd never buy an oil company, but I can sure as hell try to sink their prices


Posted by Sunsnail on Jun-19-2010 00:27:

for whatever my opinion is worth, don't buy BP


Posted by Lews on Jun-19-2010 00:30:

quote:
Originally posted by ModernNosferatu


Holy fuck. I've never seen that before. Wow


Posted by Fledz on Jun-19-2010 01:12:

quote:
Originally posted by Lews
Holy fuck. I've never seen that before. Wow


This woman needs to be shot. On a more positive note, read some of the comments:
quote:
From what i know...no-one who claims to be a christian follows the bible properly....heaven is empty.


quote:
Let me tell you something about Knight Elf Mohawks. I don't care what kind of heroes they think they are, In the Old Testament, Mr. T would have been put to death!"


quote:
CLEANSE YOUR SOUL WITH A WATER BOTTLE KIDS


quote:
# montsyblackmadonna 2 days ago Sister Becky is awesome.She has devoted her whole life to saving the souls of children.She is anointed and a wonderful role model to women and mothers everywhere.We all need to be raising up our children for Christ.We must fumigate and purify this nation of all of its gay amd atheist manifestations.Have a blessed and most holy day.


quote:
Come up here and wash ur hands with......a water bottle lmao!


quote:
im a wizard you dumb bitch and that comment really offended me ...Expelliarmus


quote:
No, he's Commander Shepard, and Hogwarts is his favourite store on the Citidel.



Posted by Sushipunk on Jun-19-2010 02:23:

quote:
Originally posted by ModernNosferatu


Hahaha That's disturbing as fuck.


Posted by EddieZilker on Jun-19-2010 05:16:

quote:
Originally posted by Nrg2Nfinit
Apples and oranges. If you aren't willing to see oil as a luxury, then you are no better then BP. People who think $70 dollars per bbl is a feasable price are teh same people that are gung ho about offshore drilling without contigency, and believe that peak oil is simply a fallacy.

If offshore drilling cannot be made safe, it should be halted. If we don't have offshore drilling, true oil costs will be realized, you'll see.


If my analogy is my apples against your oranges, then your characterization is more akin to your oranges landing on Omaha Beach, against a German pillbox. Equivocate all you want to but you're no better at it than BP's COO. It would seem that being assured of your position's moral and ethical high-ground is, very much, a luxury you'll have to do without.


Posted by we_R_DNA on Jun-19-2010 12:36:

nothing gets done with this thread other than spread awareness, but ignorance rules human's awareness. . .

most of us like the people who said meh

they just tend to ignore the grim reality humanity faces

I suppose that comes in handy for survival skills;

The next time a burning forest encroaches upon your exists; just do what Will did and say Meh. . .

human's ignorance is a bubble most humans are not capable of having popped, but when this bubble is popped their awakening to the real world around them is something they cannot handle. This induces rage and anger at the reality they cannot change.

again this thread just spreads awareness, but in reality nothing gets done unless humans step up to the plate of life and take a swing at what is thrown at them.

sometimes you will flat out fail and miss
sometimes you Will
yes you Will


Posted by Nrg2Nfinit on Jun-21-2010 12:26:

quote:


BP pegs spill at worst-case 100,000 bpd

The oil giant's stock, which has nearly halved in value since an explosion on an offshore rig on April 20, slid over 4.0 percent after the document estimated the rate at 100,000 barrels per day (15.9 million liters) versus the government estimate of 60,000 barrels.

BP spokesman Toby Odone said the document appeared to be genuine but the estimate applied only to a situation in which a key piece of equipment called a blowout preventer is removed.

"Since there are no plans to remove the blowout preventer, the number is irrelevant," Odone said.

BP also said in a statement on Monday, the 63rd day of the spill, that the cost of its response had hit $2 billion and it had paid out $105 million in damages to those affected.

It rejected claims by its partner in the oil well, Anadarko Petroleum, that it had been negligent in the way it operated the installation.

"It's a combination of things (affecting the share price)," said Barclays Capital analyst Lucy Haskins.

"Over the weekend we were getting the newsflow about Anadarko refusing to pay and then there's these stories about higher flow rates in an internal memo.

"The shares are very vulnerable to any movement in terms of newsflow," she added.

The estimate in the undated BP document was released by U.S. Representative Ed Markey, chairman of the energy and environment subcommittee of the House of Representatives Energy and Commerce Committee.

"Right from the beginning, BP was either lying or grossly incompetent," Markey told NBC's "Meet the Press" on Sunday.

The document was posted on the Internet here

There was no sign that BP's problems were going away.

The BBC's Panorama program said that a worker on the Deepwater Horizon rig where the explosion took place, had told it that he identified a leak in safety equipment weeks before the explosion. A congressional committee probing the accident said last month the blowout preventer had a leak in its hydraulic system.

And BP CEO Tony Hayward, the target of U.S. criticism for his statements since the spill began, sparked new controversy by watching a yacht race off the English coast on Saturday. He is also expected to attend the BP Portrait Awards on Tuesday.

BOND, BIGGER ASSET SALES?

The British group is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history, London's Sunday Times reported.

The newspaper, without citing sources, said BP planned to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over the next two years to cover the cost of the spill.

The Financial Times said that CEO Hayward was planning to travel to Russia to reassure President Dmitry Medvedev that the oil group is not on the brink of collapse. BP said it did not comment on the movements of its chief executive.

BP said last week it would suspend dividend payments to its shareholders and increase the pace of asset sales to $10 billion this year to offset liabilities from the spill, which began after an explosion that killed 11 workers.

The amount of oil spewing from the well has been a matter of considerable controversy in the two months since the spill erupted, with critics saying BP has understated the flow rate.

The spill has dealt a body blow to fishing and tourism industries across four Gulf states, soiling coastlines that are a playground for tourists and a key habitat for wildlife.

New Orleans Mayor Mitch Landrieu is taking mayors from 17 U.S. cities to visit the slick-damaged Mississippi Delta, where oil has coated fragile marshlands, tarred wildlife and decimated fisheries.

QUICK SETTLEMENT

Huge amounts of oil continue to leak into the sea from the ruptured well a mile below the ocean surface despite BP containment systems.

BP said on Sunday that 21,040 barrels of oil (883,680 gallons/3.34 million liters) leaking from the well was collected by its siphoning systems on Saturday. One of the two systems was restarted on Saturday after a 10-hour shutdown to fix a problem with fire-prevention equipment, BP said.

Kenneth Feinberg, the independent administrator running the $20 billion fund set up by BP to compensate victims, said on Sunday he would make sure that "every eligible, legitimate claim is paid and paid quickly.

Feinberg, an arbitration lawyer, dispensed hundreds of millions of dollars to victims of the September 11, 2001 attacks on the United States.

The spill threatens the coastal economies of four states including hard-hit Louisiana.

Mississippi Republican governor Haley Barbour, appearing on "Meet the Press," said he was anxious to see the well capped, the spill cleaned up and BP cover the entire tab.

"Nothing is satisfactory until the well is shut in. When the well is capped, then clean up the oil, and then BP pays the bills. Until all of that is done, nothing is satisfactory," he said said.

Despite assurances of swift compensation, Louisiana Gulf residents remained skeptical.

"Every time they say there's a fund for fishermen, we wait years and years," said Tal Plork, whose fisherman husband, Phan, faced long waits for aid after two hurricanes rampaged across the Gulf region in 2008. "It was like that for Gustav and Ike. Hopefully, now they will go faster."



you know if they are saying 100,000 its probably even more.

jesus. thats over 6 million barrels total.


Posted by Ridexer on Jun-21-2010 15:11:

Gulf War oil spill: 1,360,000 -1,500,000 tons
The worst oil spill in history, the Gulf War oil spill spewed an estimated 8 million barrels of oil into the Persian Gulf after Iraqi forces opened valves of oil wells and pipelines as they retreated from Kuwait in 1991. The oil slick reached a maximum size of 101 miles by 42 miles and was five inches thick.

I think we're going to end up with new #1


Posted by MrJiveBoJingles on Jun-21-2010 15:27:

quote:
Originally posted by ModernNosferatu

That was some intense wailing that woman was doing.


Posted by Moongoose on Jun-22-2010 09:29:

Fear not people, this didsaster is about to be stopped, Luisiana lawmakers have come up with the perfect solution. Everybody in the gulf coast should ask god for help

quote:
(CNN) -- While cleanup crews and technical teams continue efforts to stop crude gushing into the Gulf of Mexico, Louisiana lawmakers are proposing a different approach: prayer.
State senators designated Sunday as a day for citizens to ask for God's help dealing with the oil disaster.
"Thus far efforts made by mortals to try to solve the crisis have been to no avail," state Sen. Robert Adley said in a statement released after last week's unanimous vote for the day of prayer. "It is clearly time for a miracle for us."
The resolution names Sunday as a statewide day of prayer in Louisiana and calls on people of all religions throughout the Gulf Coast "to pray for an end to this environmental emergency, sparing us all from the destruction of both culture and livelihood."


Link

What a great idea. Just a though though, if we postulate for a few seconds that the god of the bible does indeed exists, the bible is true and that everything that happens is a part of his master plan...woudnt the oil spill as well be a part of that master plan and who do the lawmakers of luisiana think they are, telling god to change his master plan so that they can eat fish and take a swim during the summer. Such arrogance.

As i say, if youre thick enough to believe in god and ask him for help during a natural disaster...well who do you think made that disaster happen in the first place if not god?



By the way, the "lets get god to solve our problems" think was supposed to go on on sunday...today is tuesday...did god help yet?


Posted by Fledz on Jun-22-2010 09:34:


Posted by enydo on Jun-22-2010 10:31:

Welcome to America, where when all else fails, call upon the almighty.

Praise Jesus.


Posted by Zharen on Jun-22-2010 20:51:

The more things change, the more they stay the same...

quote:
Judge blocks 6-month moratorium on Gulf deepwater drilling

New Orleans, Louisiana (CNN) -- A federal judge in New Orleans, Louisiana, on Tuesday blocked a six-month moratorium on deepwater drilling in the Gulf of Mexico, a ruling the White House said it would immediately appeal.

U.S. District Judge Martin Feldman issued a preliminary injunction against the ban, which halted all drilling in more than 500 feet of water and prevented new permits from being issued. President Barack Obama ordered the moratorium after the April 20 explosion of the Deepwater Horizon, an oil rig off Louisiana. Eleven people died in the blast, which triggered an underwater oil gusher.

Brian Collins, an attorney for the Justice Department, insisted Monday that the suspension is necessary while officials conduct a safety review.

But a group of companies that provides boats and equipment to the offshore drilling industry filed a lawsuit claiming the government has no evidence that existing operations pose a threat to the Gulf of Mexico and asked the court to declare the moratorium invalid and unenforceable.

Feldman agreed, writing in his ruling, "an invalid agency decision to suspend drilling of wells in depths of over 500 feet simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country."

White House spokesman Robert Gibbs said the government will immediately appeal the ruling to the 5th Circuit U.S. Court of Appeals.

"The president strongly believes, as the Department of Interior and Department of Justice argued yesterday, that continuing to drill at these depths without knowing what happened does not make any sense," Gibbs said. Such drilling "puts the safety of those involved, potentially puts safety of those on the rigs and the safety of the environment and the Gulf at a danger that the president does not believe we can afford right now."

In issuing the ruling, Feldman said, "the court is unable to divine or fathom a relationship between the findings (of the government) and the immense scope of the moratorium. The plaintiffs assert that they have suffered and will continue to suffer irreparable harm as a result of the moratorium. The court agrees."

Transocean President Steve Newman, whose company owned the Deepwater Horizon, said Tuesday that he supported ending the moratorium, and the office of Louisiana Gov. Bobby Jindal filed a brief in support of blocking the moratorium.

Jindal and Sen. Mary Landrieu, D-Louisiana, were among those asking the Obama administration not to appeal the ruling.

"I'm going to strongly urge the administration not to appeal this ruling, but to try to find a way forward that would achieve the president's goals for safety and responsibility, but at the same time would not jeopardize and threaten a very vibrant and necessary industry for decades," Landrieu told reporters during a conference call.


Ken Wells, the president of the Offshore Marine Service Association, said Tuesday that while the ruling is positive for his group -- which represents many of the ships that service oil rigs -- the decision is "tempered by the realization this is a big, strong government. And if they want to keep fighting on this, they will keep fighting."

Wells told CNN that many of the small business owners and workers who support the rigs felt "like innocent bystanders in all this," adding that many of them are losing their jobs left and right. He said Feldman's decision "may help our industry survive."

Government estimates indicate as much as 60,000 barrels (2.5 million gallons) of oil may be flowing into the Gulf every day, and the gusher has already taken a serious toll on tourism and the fishing industry in Gulf Coast states.

Shane Guidry said his company, which provides support vessels for deepwater drilling, may have to make cuts.

"I'm very, very concerned. I can see this going on for 24 to 36 months. If that happens, we have no choice but to let people go. We have investors to think about, returns to think about," said Guidry, CEO of Harvey Gulf International Marine. "We're in survival mode right now, and we have to survive this."

The National Oceanic and Atmospheric Administration has closed 86,985 square miles -- about 36 percent of the Gulf's federal waters -- to fishing.

BP said Tuesday it had collected 25,830 barrels -- 1.08 million gallons -- of oil from the gushing undersea well over the past 24 hours. The amount is the most ever collected; the previous record was set Thursday when 25,290 barrels were collected.

Of the 25,830 barrels, 10,270 were "flared" aboard the Q4000, a ship which uses a specialized clean-burning system to flare oil and gas captured by a containment system. BP previously estimated the Q4000 would collect between 5,000 and 10,000 barrels a day.

The company announced Tuesday that it will donate net revenues it receives from the sale of oil recovered from the spill to the National Fish and Wildlife Federation.

Meanwhile, progress continues to be made on the drilling of two relief wells, Coast Guard Adm. Thad Allen said Monday.

"They're in a position now where they're closing on the wellbore," Allen said. "They're going to do something that's called ranging, where they actually send electrical current down the wellbore and ... it allows them to get an accurate reading about how far away from the pipe -- the wellbore -- they are getting as they get closer to making the intercept here in the next few weeks. But that ranging operation is scheduled to start in the next 24 hours."

Also Tuesday, protesters in London, England, briefly disrupted an oil conference that BP CEO Tony Hayward pulled out of a day earlier.

Just before the welcoming speech by BP chief of staff Steve Westwell, who was standing in for Hayward at the World National Oil Companies Congress, a woman got on stage and started shouting. Security quickly removed her.

The woman was Greenpeace campaigner Emma Gibson, who told the crowd that "because BP is incapable of telling you the truth, I'm going to tell you what you need to know."

Hayward decided not to attend the conference because of his "commitment to the Gulf of Mexico relief effort," a BP spokesman said Monday.

Westwell started his speech by apologizing on Hayward's behalf for him not being at the conference. He said the past few weeks have been "extremely difficult for BP."

"It has been hugely shocking for us, for America, and for the rest of the world," Westwell said. "Everyone at BP is devastated, and we deeply regret what's happened. Our hearts go out to those who have lost loved ones. And we are profoundly aware of our responsibilities to those people whose livelihoods and neighborhoods have suffered."

He said BP is doing "everything in our power to put the damage right" and to learn lessons to prevent such catastrophes in the future.

"I'd also like to make it clear this is not simply about fulfilling our legal obligations. We feel a huge moral responsibility," he said. "All of us at BP will work tirelessly to clean up this spill, repair the damage and restore the Gulf Coast communities."

Kenneth Feinberg, who is overseeing BP's $20 billion escrow claims fund, is scheduled to meet with Alabama Gov. Bob Riley on Tuesday. He told CNN on Monday that he wants to accelerate the claims payment process.

Elsewhere, a spokesman for Iran's foreign ministry said the Islamic republic, which has chilly relations with the United States, would consider helping America with the oil spill if asked, according to the Iranian Labour News Agency.

"The fact that America is still stuck, despite all its claims that it will solve this problem, is puzzling," ILNA quoted Foreign Ministry spokesman Ramin Mehmanparast as saying. "The difficult solution of an oil spill, from the standpoint that it's a humanitarian problem, persuades all countries to offer help.

"Iran has professional experts, and if the Americans ask for help, we will take their request under consideration," Mehmanparast said, according to the report.

BP said in a statement Monday that costs from the disaster now total about $2 billion, including the cost of the response, containment, relief well drilling, grants to Gulf states, claims paid and federal costs. To date, more than 65,000 claims have been submitted and more than 32,000 payments totaling more than $105 million have been made, the company said.


I can not believe this. The whole fuckin' Gulf of Mexico is contaminated and yet they say there's still no evidence that offshore drilling is of any threat to this country. And Jindal is a fucking hypocrite. Crying so much for federal aid and yet still siding with the oil companies. Typical Republican douchebag.

Man, I haven't had any National pride for this pathetic country since 2000.


Posted by Halcyon+On+On on Jun-22-2010 20:56:

quote:
Originally posted by Halcyon+On+On


quote:
concrete pillow exxon dreams hidden hiarchy no one in power taking blame


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