Spill Cam -- getting interesting [merged]

[easyrider]

BP

--------------------------------------------------------------------------------





A man was driving down the road and ran out of gas. Just at that moment, a bee flew in his window.



The bee said, 'What seems to be the problem?'

'I'm out of gas,' the man replied.

The bee told the man to wait right there and flew away.



Minutes later, the man watched as an entire swarm of bees flew to his car and into his gas tank. After a few minutes, the bees flew out.

'Try it now,' said one bee.

The man turned the ignition key and the car started right up. 'Wow!' the man exclaimed, 'what did you put in my gas tank'?

The bee answered,








Wait for it ... wait for it ...







You're just gonna love this..








BEE PEE (BP)

 

[logan115]

Goldman Sachs, British Petroleum, Halliburton and the US Federal Government are using the oil spill for their own gains.

Goldman Sachs sold off BP stocks right before the spill and made over 90 million. GS shorting financial instruments has cost people of all countries alot. Is it just a coincidence that GS sold off their BP stocks before it tanked ?

BP stock is used to finance British retirement plans. If BP loses value so do these plans.

Halliburton buying up oil spill companies right before the Gulf spill seems suspicious.

The Federal Government is likely to over react with massive regulations and a carbon tax to pay for part of it.

Bottom line is some one pays and some one gets paid. I think I'm in the some one pays boat.

How exactly is BP "gaining" anything on this ?

BP stock (which is 40% by Americans) also funds US pensions, the figures I saw the other day was that CALPERS owned over 21 million shares - and they weren't even the largest US holder as many state pension plans also have/had material positions in BP stock.

Chris

 

[Kal]

When a corporation starts to think about potential bankruptcy one of the options is to hide/stash resources. This could be done by transfer of asset ownership off-shore. My guess is the US government is watching the money and assets very carefully, to the extent they can do it.

Besides as BP stated, there is a point where they do not have enough money. From what we see, I would suggest they do not have the assets to cover all the liabilities. One option is to dig in and fight it out in the courts. The only good thing is they can't hide hydrocarbon reserves like they could other assets.

There are many, many ways for the costs to absolutely skyrocket, but very few (if any) ways to hold the costs in check. If I were BP I'll be looking hard to bail.

 

[logan115]

When a corporation starts to think about potential bankruptcy one of the options is to hide/stash resources. This could be done by transfer of asset ownership off-shore. My guess is the US government is watching the money and assets very carefully, to the extent they can do it.

Besides as BP stated, there is a point where they do not have enough money. From what we see, I would suggest they do not have the assets to cover all the liabilities. One option is to dig in and fight it out in the courts. The only good thing is they can't hide hydrocarbon reserves like they could other assets.

There are many, many ways for the costs to absolutely skyrocket, but very few (if any) ways to hold the costs in check. If I were BP I'll be looking hard to bail.

I was more speaking to the point about how BP is gaining anything from all this as I don't recall the threat of bankruptcy and being public enemy # 1 as something that businesses typically try to shoot for.

Clearly I'm going to be biased on the "bad" side of this, and to be open about it is because I'm employed (for the time being at least) by the most evil corporation to ever exist, so I have a very different take on a lot of the stuff out there in the news.

However, until we reach a point where we have to shut the doors me and my colleagues are going to keep working hard to keep the business going to fund the clean-up of this catastrophe. We're not skimming oil off the Gulf, but are trying to do our part.

We are all devastated by the loss of life, as well as the damage to the Gulf and the people that live there, to think otherwise is both incorrect and insulting. Yet it doesn't stop the media as portraying us as a British company where everyone just sits around having tea and crumpets and not giving a damn about what's happening.

Apologies for the rant,

Chris

 

[easyrider]

BP may move assets to other divisions and go bankrupt. Its a legal move. There is a concern that they might.

I'm betting all the top dogs at BP have sold their shares right after GS sold their BP shares. The retirement funds will be advised to stay in it for the long run. BP stock has lost half its value and now might have its ability to provide the needed dividends to retirement funds taken away by the feds.

http://wallstreet.blogs.fortune.cnn.com/2010/06/09/bp-fears-surge/

BP and people employed by BP are not the same thing. Look at Enron and how the top guys made out like bandits and the employee lost their pension.

 

[logan115]

BP and people employed by BP are not the same thing.

Thanks, I truly appreciate your making that statement.


Chris

 

[bogey21]

I continue to believe that the well should have been collaped by a stragically placed explosive. This has been done other places in the world and would have saved us from the massive impact from the spill.

George

 

[Kal]

...This has been done other places in the world and would have saved us from the massive impact from the spill.

George

Where was this done?

 

[Passepartout]

I continue to believe that the well should have been collaped by a stragically placed explosive. This has been done other places in the world and would have saved us from the massive impact from the spill.

George

And what if the explosion simply shatters the casing down some large distance underground making it impossible to attach something EVER to the burst casing and allow ever more oil to escape unimpeded.

You are free to "continue to believe" what you like, but people far more knowledgeable are working 24/7 on stopping this gusher.

And I'm not sure typographical screaming helps either.

Jim Ricks

 

[swift]

Please keep this thread non political. This is a big part of our life and I understand that it will be hard to do but please try not to bring the government into this thread to uphold TUG BBS rules.

Thanks everyone.

 

[bogey21]

Where was this done?

I was told that it was done in Kuwait after Saddam set so many of the wells on fire as he was being chased out.

George

 

[Kal]

I was told that it was done in Kuwait after Saddam set so many of the wells on fire as he was being chased out.

George

That was done on land, do you have examples where it was done underwater, especially 5000 ft below sea level?

 

[Pit]

I was told that it was done in Kuwait after Saddam set so many of the wells on fire as he was being chased out.

George

Explosives are used to deplete the air of oxygen, in order to extiguish the fire. The wells in Kuwait still had to be capped once the fire was out.

 

[ace2000]

[ Removed political post. Please follow TUG BBS rules]

 

[bogey21]

That was done on land, do you have examples where it was done underwater, especially 5000 ft below sea level?

No I don't. But I do see where ex-President Clinton is proposing to do exactly this.

George

 

[ace2000]

No I don't. But I do see where ex-President Clinton is proposing to do exactly this.

George

George,

You are correct... this came out in the news yesterday and I added that news to this thread but a moderator deleted it. So, be careful, I guess your post will be deleted too.

The solution you proposed on this thread has been tried successfully more than once by the Russians... so it is valid.

 

[Kal]

...The solution you proposed on this thread has been tried successfully more than once by the Russians... so it is valid.

Was it done deep underwater?

 

[ace2000]

Was it done deep underwater?

Well, it was underwater for sure... I have no idea what 'deep' means to you.

There is definitely some risk involved here, without a doubt. But the risk has to be weighed by the experts, and definitely not by us.

My only point is that George has suggested a potential valid possible solution...

If the relief well drilling misses the mark, then you'll definitely be hearing more about this solution in the future.

 

[Carol C]

Does anyone know who manufactures the "dispersants" that BP was so quick to use from day one? I wonder what kind of toxic brew will be airborne soon from the winds and rains of Hurricane Alex, predicted to come ashore as a Cat 2 hurricane?

Carol

http://www.youtube.com/watch?v=U1pNnPev5VE

 

[easyrider]

Does anyone know who manufactures the "dispersants" that BP was so quick to use from day one? I wonder what kind of toxic brew will be airborne soon from the winds and rains of Hurricane Alex, predicted to come ashore as a Cat 2 hurricane?

Carol

http://www.youtube.com/watch?v=U1pNnPev5VE

Nalco Holding Company is manufacturing a product called Corexit 9500 to break up the thick oil. Its kind of like using paint thiner on oil based paint. As the oil thins the oil breaks down into smaller particles that might be easier for nature to deal with.

The problem may be that these small particles will be ingested by sea life and enter the food chain. These are toxic particles. The Goverment may say that a person can only eat so many grams per month of certain species of sea food. If this happens many people will not comsume any.

Another issue is that these smaller particles are creating under water plumes of toxic clouds that will float under water interfering with the sea life.

The worse case will be when a huricane goes through the oil water particles and mixes it with rain causing oil particles to cover land. This has not happened but there is a good chance that it could. If this happens the oil may contaminate huge areas of land in the huricane path.

The stock symbol for Nalco is NLC.