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-- Ecological Disaster Gulf of Mexico
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| Originally posted by DjWhooCares i want to see that bitch palin's response to this disaster. |
) instead of the grandpa/milf ticket.
Well, we seem to have definitely sewn the wind.
1 million litres per day is fucking epic 
Latest reports are if they start drilling a new one to stop the existing one, the realistic timeframe for that is 3 months. Ouch.
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| Originally posted by Halcyon+On+On |
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| Originally posted by Fledz 1 million litres per day is fucking epic |
hope this brings oil prices up.
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| Originally posted by Nrg2Nfinit hope this brings oil prices up. |
lol out of context that does sound weird karim
http://ir.eia.gov/wpsr/wpsr.txt
well it wont
I have a large portion of my portfolio invested in the future price of oil right now.
crude oil supplies in the states have been recently increasing about 15 million barrels per week (including imports).
its leaking at most 10,000 barrels a day.
Anyways back on topic, its a horrible disaster. I dont know what the best preventative measures to stop it are. I heard burning it all, and diverting the leakage elsewhere.
huge selloff today in BP
http://www.google.ca/finance?q=NYSE%3ABP
its probably great to short this one. Once it hits land they are going to be paying a hefty deductable as the cleanup will be more expensive.
They are predicting about 7 million dollars a day for cleanup costs.
| quote: |
| Originally posted by Nrg2Nfinit http://ir.eia.gov/wpsr/wpsr.txt well it wont I have a large portion of my portfolio invested in the future price of oil right now. crude oil supplies in the states have been recently increasing about 15 million barrels per week (including imports). its leaking at most 10,000 barrels a day. Anyways back on topic, its a horrible disaster. I dont know what the best preventative measures to stop it are. I heard burning it all, and diverting the leakage elsewhere. |
don't blame me blame the economy and peak oil. I'm just riding the gravy train with the big fish.
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| Originally posted by Nrg2Nfinit don't blame me blame the economy and peak oil. I'm just riding the gravy train with the big fish. |
Meh. I think Oil will rise a lot soon, especially this summer. But I won't ever buy oil stocks. Just goes against my ethics too much.
This is going to be really, really bad =/
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| Originally posted by Lews Meh. I think Oil will rise a lot soon, especially this summer. But I won't ever buy oil stocks. Just goes against my ethics too much. This is going to be really, really bad =/ |
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| Originally posted by EddieZilker Technically, you're part of the chaos, but you don't really have control over that and if it weren't you holding a stake in oil futures, it would be someone else, profiting off the voracious appetite for gasoline of the American consumer. So, no. I can't blame you anymore than I blame Lee Iaccoca or, for that matter, mathematicians who advance the zero-sum game theory of compartmentalized information dominance in contemporary futures markets. I mean, I really shouldn't. But the rage... My impotence as an unemployed American man living in a state with the highest population of unemployed people in the United States... It's blinding me... It's just easier to blame it all on you. I'm sorry. I know. It's completely illogical. But that's probably your fault, too. |
| quote: |
| Originally posted by Nrg2Nfinit you'll actually be doing this country a favour. The higher the price of oil becomes, the more unfeasable it is and thus the push towards alternatives will be a new booming market. You're a trader, think logically and ecologically. I'm sure you drive a car, so in essence you are a hypocrite. |
fair enough. Thats understandable. But realise that you are a major user of fossil fuels as they comprise most of the products you use in your daily life. (see my post to eddie)
Im definatley not the most eco friendly guy, ill be honest. I drive a mini suv and consume a large amount of gasonline on my long distance trips to work.
I do however recycle and stay as green friendly as i can without it severly debilitating my lifestyle.
Microcosm reflecting the Macrocosm, we're just one big ecological disaster in the making:
World's 2010 nature target 'will not be met'
The world's governments will not meet their internationally-agreed target of curbing the loss of species and nature by 2010, a major study has confirmed.
Virtually all species and ecosystems show continued decline, while pressures on nature are increasing, it concludes.
Published in the journal Science, the study confirms what conservationists have known for several years.
The 2010 target was adopted in 2002, but the scientists behind this study say implementation has been "woeful".
"Our analysis shows that governments have failed to deliver on the commitments they made in 2002," said research leader Stuart Butchart, from the UN Environment Programme's World Conservation Monitoring Centre (Unep-WCMC) and BirdLife International.
"Biodiversity is still being lost as fast as ever, and we have made little headway in reducing the pressures on species, habitats and ecosystems."
Unep chief scientist Joseph Alcamo added: "Since 1970, we have reduced animal populations by 30%, the area of mangroves and seagrasses by 20% and the coverage of living corals by 40%.
"These losses are clearly unsustainable."
The study combined more than 30 indicators of how species and ecosystems are changing.
These encompass plants and animals from land and sea.
Very few of the indicators gave any hint that biodiversity loss was decreasing at all.
Meanwhile, measures of threat - such as loss of habitat, climate change and colonisation by harmful non-native species - were virtually all increasing.
Policies to restrict the threats to biodiversity are simply not up to the job, the authors argue.
"Although nations have put in place some significant policies to slow biodiversity declines, these have been woefully inadequate, and the gap between the pressures on biodiversity and the responses is getting ever wider," said Dr Butchart.
While about 12% of land is now under some kind of protection, not all of it is effectively managed.
And less than 1% of the world's oceans is protected.
Conservationists hope that laying the sheer scale of the issue before governments will induce them to take tougher steps in the near future.
"We can no longer use the excuse that we don't know enough about the loss of diversity of life on our planet," said Jean-Christophe Vie, deputy head of the Species Programme at the International Union for the Conservation of Nature (IUCN).
"The role of governments is paramount; but the magnitude and rate of loss of biodiversity means that everyone, from individuals to businesses, must act now to save all life on Earth before we reach breaking point."
Governments will review their failure to meet the 2010 target, and probably set new ones, at the UN Convention on Biological Diversity (CBD) summit in Nagoya, Japan, in October.
New targets are likely to be directed at stemming the threats to biodiversity, such as unsustainable agriculture, pollution and the growing scale of cities and transport networks.
"World leaders faced the economic crisis head on," noted Simon Stuart, head of IUCN's Species Survival Commission.
"We need that same level of investment and commitment for the environment."
| quote: |
| Originally posted by Nrg2Nfinit do you use plastic? drive a car? smoke cigarettes? wear shoes? If so you are just as much of a contributor to the problem as me. I'm just a speculator here assuming that the price of oil will climb and thus take a profit with me. I'm also just making a speculative bet to hedge the already increasing prices i pay for my gasoline. |
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| Originally posted by Lilith Wrong- wont do anything to oil prices, at best it'll probably depress the BP and Transocean stock market value. |
I had always hoped it wouldn't come to this...
| quote: |
| Originally posted by Blake I had always hoped it wouldn't come to this... |
DRILLLL BABY DRILLLLLLLLLLLLL!
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