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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

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    Cuba says preparing for BP oil spill

    Gulf currents may carry BP oil to the island

    * Venezuela has sent spill-fighting experts to Cuba
    By Nelson Acosta

    HAVANA, June 15 (Reuters) - Cuba is making preparations to protect its coast as the BP (BP.L)(BP.N) oil spill continues spreading through the Gulf of Mexico, Cuban officials said on Tuesday.

    They offered few specifics about the preparations, but said Venezuela, Cuba's oil-rich ally, has sent a team of spill-fighting experts to help the communist-run island.

    Millions of gallons of oil have gushed into the gulf in the 57-day-old spill and fouled 120 miles (190 km) of U.S. coastline.

    Patches of oil reportedly have been seen as close as 100 miles (160 km) northwest of Cuba and some forecasts have said gulf currents will inevitably carry the oil to Cuba, which is 90 miles (145 km) south of Key West, Florida.

    International scientists say Cuba's waters and coastline are relatively pristine because of the lack of development common in many other countries.

    Its northwest coast is a feeding and breeding ground for many species, including migratory sea turtles, sharks and manatees in danger of extinction.

    "We are preparing to do everything we can, and of course to receive the help of those who have experience in confronting (oil spills)," Vice Minister of Defense Gen. Ramon Espinosa told reporters at a conference on disaster preparedness.

    He said Cuba has suffered small spills from oil tankers, but nothing of the magnitude of the BP spill.


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    Last edited by Gita; 16th June 2010 at 07:38.

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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

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    Obama’s Gulf Spill Speech (FULL TEXT)

    The full text of President Obama’s Gulf oil spill address, as prepared for delivery, appears below.
    * * * * *
    Good evening. As we speak, our nation faces a multitude of challenges. At home, our top priority is to recover and rebuild from a recession that has touched the lives of nearly every American. Abroad, our brave men and women in uniform are taking the fight to al Qaeda wherever it exists. And tonight, I’ve returned from a trip to the Gulf Coast to speak with you about the battle we’re waging against an oil spill that is assaulting our shores and our citizens.

    On April 20th, an explosion ripped through BP’s Deepwater Horizon drilling rig, about forty miles off the coast of Louisiana. Eleven workers lost their lives. Seventeen others were injured. And soon, nearly a mile beneath the surface of the ocean, oil began spewing into the water.

    Because there has never been a leak of this size at this depth, stopping it has tested the limits of human technology. That is why just after the rig sank, I assembled a team of our nation’s best scientists and engineers to tackle this challenge – a team led by Dr. Steven Chu, a Nobel Prize-winning physicist and our nation’s Secretary of Energy. Scientists at our national labs and experts from academia and other oil companies have also provided ideas and advice.

    As a result of these efforts, we have directed BP to mobilize additional equipment and technology. In the coming days and weeks, these efforts should capture up to 90% of the oil leaking out of the well. This is until the company finishes drilling a relief well later in the summer that is expected to stop the leak completely.

    Already, this oil spill is the worst environmental disaster America has ever faced. And unlike an earthquake or a hurricane, it is not a single event that does its damage in a matter of minutes or days. The millions of gallons of oil that have spilled into the Gulf of Mexico are more like an epidemic, one that we will be fighting for months and even years.


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    Enough of This Crap



    Reports have been coming out of the Gulf for days about British Petroleum blocking access to beaches and animal-cleaning stations, in some instances using private Blackwater-style mercenaries to do so. Journalists as well as citizens have been thwarted in their attempts to see for themselves the extent of the damage being done by the runaway Deepwater Horizon disaster.


    Know what I'd like to see happen? I would like to see a thousand people, ten thousand, a hundred thousand, just show the hell up down there and demand access. Citizens and reporters alike, just get down there, link arms, and walk to the beaches and the marshlands with digital cameras and cell phones for instantaneous blogging of what they see, hear and smell. Pile into as many rented, borrowed and begged boats as can be mustered and plow out there to the scene of the crime. Dare the gendarmes to stop us.


    One of two things would happen: either the people would break through those unconscionable corporate barriers and show the world what is really going on in the Gulf, or the forces BP has arrayed against the truth would react with violence, which would tell us everything we need to know about what is happening, and would be enough to break that God damned criminal corporation finally and forever. Either way, there would be thousands of people down there to chronicle what is happening, a ready-made army of volunteers who can also pitch in as best they can and begin the epic process of trying to undo what has been done.


    Sounds crazy? Maybe, but it is the kind of direct action that has been missing from our national narrative, not just in the Gulf but all over. What would happen if a million people marched on Wall Street, parked themselves in the road, and demanded that every "too big to fail" institution be torn down a brick at a time? What would happen if a million people parked themselves on Pennsylvania Avenue and refused to leave until American military forces are removed from Iraq, as promised?


    Big stuff would happen, friends. The kind of stuff we'd be proud to tell our grandchildren about. Yes, Virginia, there is a We The People, and in the second decade on the 21st century, we rose up righteous and turned the tide away from this corporate war-machine oligarchy whose seemingly overwhelming power and masterful media manipulation put us all to sleep...but only for a while. Yes, Virginia, there was a way, and we found it, and we did it.


    A very old friend of mine recently described President Obama as a "narcotic," and it was as spot-on an analysis as I have ever heard. Millions upon millions of people were mobilized during the psychotic tenure of George W. Bush; we knew what was wrong, we knew why it was wrong, and we summoned the care and courage to throw ourselves into a determined effort to bugger his deranged intentions. We failed far more often than we succeeded, but at a minimum, we were on the move.

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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

    Quote Posted by Etherios (here)
    Just a second ... can anyone plz explain why obama and gs and bp etc are still trying to make money out of this? Even if the oil stoped right now. The toxics and oil that will be washed ashore really really soon... the gases the death that will follow.

    USA will be hurt the most, all its needed is a big hurricane and all the south USA will be a toxic zone of death. This will bring down the global economy wont it? So why on earth are they still trying to make money out of this? It will take so long to truly effect the EU and Asia that i dont even start to imagine how this depopulation plan will work.... Yes it will kill of almost all the seas in the next years thus reducing the oxygen etc etc... i am really puzzled dont these ppl realize what they are doing?

    This will be the downfall of the USA we know. i am sure that Martial Law will follow and economy collapse.

    Anyone understands the big plan cause lately i cant....

    Read this post Etherios - it may shed some light on your questions.

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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

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    Ehhhh... BP A Zero?

    Probably not, but that's not the problem.

    Let's run the numbers. The Government just said that the amount being ejected from the well is somewhere between 35,000 and 60,000 bbls per day.

    Now let's look at the numbers, and analyze this strictly on that basis.

    The minimum fine is $1,000/bbl spilled. But if negligence can be shown, the fine can be as high as $4,300/bbl.

    This is strictly for the fine for spilling the oil, and excludes other considerations (damages, cleanup costs, potential criminal liability and of course whatever civil liability juries come at them with for all sorts of litigation.)

    At $4,300/bbl we're looking at a fine of $150 - $258 million per day, and after today's hearings it is probably reasonable to assume that BP will get tagged for "negligence" (at best.)

    We're 50-some days into this; that works out to somewhere between $7.5 and $13 billion in fines alone thus far. If we presume they can shut the well down in the middle of August, we're looking at another 50 days (roughly) before that happens, leaving the total fines in the neighborhood of $15-25 billion.

    The company, like most multi-nationals, is partitioned. That is, BP is a conglomerate with legal and financial firewalls (physical ones) between subsidiaries.

    The total value of their US-based assets is estimated somewhere around $90 billion. On a 12-month trailing basis they have produced $265 billion in revenue with an EBIDTA of $38.8 billion and a net income attributed to common shares of $20 billion - globally.

    Taken that way, and expecting complex litigation around any fine and other litigation, the payout time would be expressed in years, not months. As such at first blush the fines and other exposure doesn't look like it will be enough - even under an adverse scenario - to zero the company.

    BUT - will BP let things go that far and contaminate their global earnings with this claim?

    More to the point, why should they?

    Leave the morals/ethics out of this - this is, and will remain, a business decision.

    Were I sitting in the White House contemplating my speech this evening I wouldn't be so cocksure that I can bludgeon the company into submission.

    There is real danger here for the Obama administration. If it appears that the fines and litigation losses will come within reasonable reach of their US assets they may well be better off to draw down the curtain and place the US subsidiary into Chapter 11 - then let the creditors - including litigants - fight it out for the scraps in a restructuring. They come out with a good part of the liability (perhaps all or most of the fines!) discharged, and voila!

    Want to bet they aren't thinking about it?


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    Alabama mayor: Domestic violence 'up 320%' since oil spill


    Mayor Stan Wright of Bayou La Batre, Alabama, says people in his state are having a "rough" time.

    He claims domestic violence "went up 320%" and calls to the police have also gone up 110% a day since the start of the spill.

    He expects the clean up operation on the Gulf Coast will "go on for years".


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    Source & Watch vid here.

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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

    ON coast to coast radio last night there is a gentleman named Richard Hoagland, He stated as follows: The depth they drilled was 4 1/2 miles deep or 22,500 ft, the pressure of the oil coming out is 100,000 psi natural oil pressure out of the reserve and we do not have enough experience to cap such a well in the event of an accident because of the depth and no previous experience in this type of situation. As a result, hang on , this drilling went thru several shelf plates in the gulf and there are now confirmed gps signals from ships in the gulf that the gulf floor is rising -length of rise 15-20 miles long/unknown width. Assuming it is gas raising the floor if it was to blow, goodbye Florida from a tsunami. It's not in the immediate weeks but months are a concern. His remedy was to drill 15-20 relief holes to relieve pressure.

    This thing is leaking 100,000 barrels a day or 4 million gallons a day. Take a look at the news reports , there treating this like hey all we have to do is cap this thing and then the major portion of this is to clean up the mess. Yet when the reports first came out , BP said it was 5000 barrels a day, they would not allow private companies in to estimate amount of oil leaking, US government instituted a no fly zone over gulf so no one could get photos I would say (out of site out of mind right) . Then the reports from the news were 20,000 barrels a day, then 40,000 barrels and now last night they are reporting 60,000 barrels a day. Eventually the truth will come out.

    WE have a 3 fold problem going , potential hurricane bringing the oil inland, gulf floor raising due to unknown shelf pressure, and an oil slick that need to be captured and processed. Richard did say since this type of pressure and leak has never been harnessed before, there is a chance it may just have to continue to leak untuil the pressure equalizes.

    If you have never prayed before , I would say it's a good time to start , were going to need all the help we can get . Here is a reply from my buddy in louisiana,


    OK, the 1st relief well/wells won’t be complete until August maybe, & I agree that there is a chance it won’t work. In the mean time, we are in Hurricane Season here & if anyone know anything about what these storms do with the gulf waters then you know it will distribute the oils & other contaminates all over the southern part of the US, maybe as far north as Memphis & point northward from that depending how strong the storm is.



    I hate to even think about all of the devastation that could come from all of this, even if they were to stop the leak tomorrow, with the hold on offshore drilling that the idiot in the white-house has ordered, the coastal states are in deep trouble as TX, LA, MS, & AL are extremely dependant on the oil & fishing industry not to mention the tourism that the gulf coast produces. We will have job losses in the 100,000’s, fuel prices will skyrocket, the cost of fruits, vegetables, natural gas, other agricultural goods will be in short supply, some very large ports in & around the gulf will be closed, this can go on & on. Economically the US will be shattered. With all of this happening, I don’t want to even think what might happen if the countries that hate the US try something such as invade.



    at this moment, the problem is so large that man won’t be able to solve it alone. If you’re not praying, you need to start for more than one reason!

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    BP breaks ground on controversial B.C. Rockies project as oil gushes in Gulf


    FERNIE, B.C. - As oil continues to gush from a BP (NYSE:BP) wellhead in the Gulf of Mexico, critics say the company has quietly broken ground on a controversial project in B.C.'s Rocky Mountains.

    Opponents of the Mist Mountain project say they were surprised to find that BP Canada, an arm of the BP group of companies, began construction earlier this month on an exploratory well for its coalbed methane project near Fernie, B.C.

    The company was granted permission to conduct the experimental drilling in the pristine area in southeast B.C. just a few days after the Deepwater Horizon explosion and oil spill.

    And the disaster unfolding in the gulf since then has renewed concerns about the BP subsidiary's plans in the Rockies.

    "This is just a reaffirmation of what we've always known and what everyone has known about BP is that they've had the worst environmental record of all oil companies in the world, even before the Gulf disaster," said Ryland Nelson, of the group Wildsight, which opposes the project.

    But Hejdi Feick, the director of communications for BP Canada, said British Columbians can be reassured that the company is a good corporate citizen.

    "We are absolutely committed to doing this right," she said Tuesday. "We have been very open and accessible over the last three years."

    That is little comfort for Nelson, who said BP had promised to consult with the public every step of the way yet he only learned construction was underway when he went to the site Monday.

    Nelson said the contractor on site told him they hope to bring in drilling equipment by the end of the month and start drilling this summer.

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    Gulf Oil Disaster Updates June 15th


    Washington - Plans to burn hundreds of thousands of gallons of oil from BP's blown-out well are raising new questions about the health and safety of the thousands of workers on rigs and vessels near the spill site.

    BP and the federal government are in new territory once again in dealing with the nation's worst environmental disaster: There's never been such a huge flaring of oil in the Gulf of Mexico, or possibly anywhere.

    The incineration of such huge amounts of oil combined with the black clouds of smoke already wafting over the Gulf waters from controlled burns of surface oil create pollution hazards for the estimated 2,000 people working in the area.

    Dozens of rigs and ships are clustered in the area around the spill site.

    The Discoverer Enterprise, the main recovery ship, is recovering as much as 15,000 barrels of oil a day through a pipe from the wellhead. A second vessel, the Q4000, is being prepared to pull up more oil and burn it. Experts say it could be burning 10,000 barrels, or 420,000 gallons, a day.

    Dr. Phil Harber, a professor at the University of California, Los Angeles, said the burning oil could expose workers to toxins that might cause severe respiratory irritation, asthma attacks and inflamed airways depending on how the burns are handled. Burning oil is a fairly common method of relieving pressure in refinery operations, he said.

    "But the magnitude is a concern," said Harber, who's also the chief of UCLA's division of occupational and environmental medicine.

    The other worry, he said, is if the wind carries off the thick clouds, "there are hundreds of ships in the area, and those workers could have significant exposures and perhaps less protection because the exposures would be unanticipated," he said.

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    ¤=[Post Update]=¤

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    Martial Law Alert Gulf Coast Evacuation Scenario Summer/Fall 2010

    SoCal Martial Law Alerts (SCMLA) has been in existence for a year and a half and this is our first MARTIAL LAW ALERT.

    We have withheld putting out information on the Gulf oil spill for a variety of reasons, but there is now enough evidence for us to put together a fairly clear picture of what really happened, what may result and to warn people who live in the area.

    THE SITUATION:

    Due to toxic gases from the fractured oil well in the Gulf of Mexico, the possible off-gassing of the highly-toxic Corexit 9500 (the chemical dispersant used by BP in the oil spill clean-up), acid rain and various as-yet-unknown forms of environmental damage, we believe that the government will have no choice but to relocate millions of people away from the Gulf Coast. Those living in Florida are presently at the highest risk, but the danger also appears likely to spread to all Gulf Coast states east of Louisiana and possibly even to the entire Eastern half of the United States once hurricane season begins.

    Greg Evensen, a retired Kansas Highway Patrolman, estimates that 30-40 million people would need to be evacuated away from the Gulf’s coastline (i.e. at least 200 miles inland). In order to accomplish this gargantuan feat, the federal government (through FEMA and other agencies) would most likely seek first to control and manage the transportation system and then operate relocation centers to manage evacuees. Toward this end, the Federal Aviation Administration (FAA) has already declared the airspace over the oil spill site to be a no-fly zone until further notice. Various sources have indicated that local police, highway patrol, National Guard, US military and foreign troops may be involved in an operation to evacuate the Gulf Coast. In fact, the Governor of Louisiana has already requested evacuation assistance (i.e. National Guard) for his state from the Department of Defense (DoD) and the Department of Homeland Security (DHS).

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    Feds seize 19,000 pounds of shrimp

    About 19,000 pounds of shrimp caught in an area of the Gulf of Mexico closed to fishing because of the oil spill were seized, U.S. officials said.

    The shrimp were caught in a closed fishing area about 13 miles south of Belle Pass, La., the National Oceanic and Atmospheric Administration and U.S. Coast Guard said Wednesday in a release. The fishing haul was seized during the weekend after NOAA received a tip.

    Federal officials said 78,264 square miles -- approximately 32 percent -- of federal waters in the Gulf of Mexico have been closed to commercial and recreational fishing as a precaution to ensure seafood from the gulf is safe for consumers. The closures don't apply to state waters.

    Environmental Protection Agency officials said they found elevated levels of nickel above benchmark levels for aquatic life, which could affect fish and shellfish exposed for an extended period. However, the EPS said it was unlikely the contamination was caused by the BP spill that began April 20 when a Transocean rig leased by BP exploded, killing 11 workers, and later sank. The leak, nearly a mile below the surface, is the worst oil spill in U.S. history.

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    source.......

    http://www.upi.com/Top_News/US/2010/...9871276697131/
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    BP documents highlight PR strategy after deadly Texas blast

    Victims of a BP refinery explosion in 2005 say the company's top priority is damage control on "Campbell Brown," CNN Thursday 8pm ET

    Houston, Texas (CNN) -- In the hours after a 2005 refinery explosion that left 15 people dead, a BP executive suggested a holiday weekend and the national furor over a Florida woman's last days would eclipse the tragedy.

    With the oil company now battling to save an image tarnished by the worst oil spill in U.S. history, the lawyer who found that e-mail among a mountain of BP documents says nothing appears to have changed.

    "Their strategy is the same every time ... And it's always, first, damage control," Brent Coon told CNN. "And with damage control, they accentuate the positive, downplay the negative, tell everybody they're sorry, they're gonna fix it, they're gonna do better, and not to worry."

    Coon represented many of the victims of the March 2005 explosion at BP's refinery in Texas City, near Houston. The blast killed 15 workers and injured 180, with many of the survivors suffering severe burns, amputations and broken bones.

    During litigation that followed, Coon extracted about 7 million documents from the company, including the e-mail that discussed whether the upcoming Easter weekend would push the explosion off the public stage.
    "Looks like injuries and loss of life are heavy. Expect a lot of follow up coverage tomorrow. Then I believe it will essentially go away -- due to the holiday weekend," BP America public relations chief Patricia Wright advised other executives.

    Wright added, "This is a very big story in the U.S. right now -- but the Terry Schiavo story is huge as well."

    Read the email.
    http://i2.cdn.turner.com/cnn/2010/im...ry.schiavo.pdf

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    BP CDS Curve Goes Nuts, 1 Year Passes 1,000 Bps, No Offers In Market


    The BP Curve has really flipped (out). The 1 year point on the curve is now over 1,000 bps, a 400 bps move in one day. The point is also offerless (bidless in traditional cash jargon). Granted the DV01 so close to 0 is rather low, but this kind of ridiculous curve inversion is simply wreaking havoc on correlation desks. The 6 month point is now 0.5 pts upfront. Pretty soon BP will need to apply for the same ECB bailout that rescued all those banks who were risking a wipe out when Greek spreads were trading at comparable levels. The question now becomes: who sold the bulk of the BP protection? BofA's announcement yesterday that it is limiting counterparty risk exposure with BP to all contracts over 1 year could be a rather material clue as to the identity of at least one such entity.





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    Oil Spill Estimate DOUBLED AGAIN: 2.5 Million Gallons Leaking Every Day




    And once again, things get worse and worse in the ongoing catastrophic saga that is the BP Gulf oil spill. Shortly after Obama took to the oval office to give a speech to reassure the nation about the spill, officials released the newest estimates of how much oil was leaking from the Deepwater Horizon site. They weren't pretty: It's now believed that as much as 60,000 barrels -- 2.5 million gallons -- of oil is spilling from the source every day.

    As of last week's report, which estimated that some 25,000 barrels of oil were leaking a day, the BP disaster was essentially the equivalent of having an entire Exxon Valdez-sized spill every 8 days. The new estimate now reveals a truer description is that there's been an Exxon Valdez event every 4 days. According to the New York Times, this latest estimate comes after scientists lead by Energy Secretary Stephen Chu, who was personally involved in making these calculations, analyzed pressure readings and new high resolution made available after make a cut in the riser.

    That riser cut, executed by BP to help it capture some of the oil, is believed to have increased the flow of oil. But some of that is being captured -- BP says it's capturing 15,000 barrels of oil a day. Which means, of course, that some 45,000 barrels are still spewing into the ocean. Once again, it needs to be noted that BP initially claimed there was only 5,000 barrels of oil leaking a day, and the federal government backed up those figures -- and then both proceeded to cling to them for over a month.

    That fact highlights the many questions already raised about how much transparency there's been on such matters.

    As for the spill itself, efforts to plug the damn hole have continued to fail -- in the latest act-of-God-esque setback, a derrick leading the containment operation was actually struck by lightening. Hope continues to lie on the relief well BP continues to drill, as the best chance of finally stopping the gushing crude. Until then, 2.5 million gallons of oil a day will surge into the Gulf of Mexico.

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    BP Could Go Bankrupt Over Gulf Spill


    So far in its coverage of the BP Gulf spill, the media has made much of the fact that the company's daily profits are higher than its daily cleanup costs, and that after raking in $17 billion in profits last year alone, such costs are but a drop in the bucket. But that's changing fast -- and if a few other factors come to pass, it's possible that the Gulf spill will end up bankrupting the oil giant. Speculators are calling this possible outcome the "Texaco scenario." Here's how it would work.

    Andrew Ross Sorkin details the possibility in his New York Times Dealbook column:

    BP's costs for the cleanup could run as high as $23 billion, according to Credit Suisse. On top of that, BP could face an additional $14 billion in claims from gulf fisherman and the tourism industry. So while conservative estimates put the bill at $15 billion, something approaching $40 billion is not out of the question. After all, little about this spill has turned out as expected.

    The company has about $12 billion in cash and short-term investments, but there is already a debate about whether it should cut its dividend out of fear that it could run out of money ... But all those numbers don't account for the greatest possible threat: a jury verdict against BP. Such a verdict might push the cost of the spill into the hundreds of billions. If that happened, even BP might buckle.

    And such a verdict is far from unlikely -- as you're likely aware, the US Justice Department has already opened a criminal investigation into BP's actions leading up to the spill. Analysts are calling this outcome the 'Texaco scenario' after the case in 1987 where that oil company lost a $1 billion lawsuit and had to file Chapter 11 after being unable to raise the cash. Sorkin continues with this what-if scenario:

    Imagine the BP case playing out in a Louisiana courtroom, against the backdrop of an oil-choked local economy, high unemployment and an angry public. How high can you count?

    Under the Oil Pollution Act of 1990, BP's liability for economic devastation -- above the cost of the cleanup -- is capped at $75 million, a number Mr. Hayward has already said he plans to blow through. But if BP is found to have violated safety regulations, which seems likely, that cap becomes irrelevant.

    In which case, BP could feasibly go bankrupt. And then the poor, overworked BP CEO would finally get his life back -- just probably not in the manner in which he hoped.

    And even if the company doesn't go bankrupt, it will still likely be a major acquisition target for other larger oil companies like Shell and Exxon, who are reportedly already eying the falling company.

    Unquote

    Source

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    Avalon Member Grizzom's Avatar
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    I wish we had Gita working for BP as a freelance fixer.

    We'd have this spill capped and all cleaned up by lunch!

    Assotiated Press couldn't hold a candle to Gitas output of news story's

    Keep up the good work Gita
    "If you wanna get laid, go to college"
    "If you want a education, go to a library"

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    Man do I feel the love here or what?! Thanks Grizzom – you are so sweet. It’s very much my pleasure to bring info to all here so that you can all make up your own minds about what is going on and expand your consciousness. My gift to you.

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    Quote

    No cap on BP's $20 billion compensation fund, Obama says

    Washington (CNN) -- President Obama sought to assure victims of the Gulf of Mexico oil disaster Wednesday that BP's $20 billion escrow account set up for compensations would not cap the amount the company may be responsible for paying.

    Obama announced the compensation plans after a meeting between his response team and BP's leadership. He said he told BP Chairman Carl-Henric Svanberg that for small businessmen, fishermen and shrimpers, it wasn't just a matter of dollars and cents. It was about accountability.

    "At the end of the day, that's what every American wants and expects," Obama said. "The people of the Gulf have my commitment that BP will meet its obligations to them."

    An additional $100 million fund will be established to help support oil rig workers now unemployed as a result of the April 20 accident, Obama said.

    Svanberg apologized to the American people for the oil disaster. He said he hoped the company could earn back the trust of the American people, because "we care about the small people."

    Unquote

    Continued here.

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    Avalon Member HORIZONS's Avatar
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    Default Re: Latest Updates - (Please only post TEXT or PHOTOS here)

    Quote Posted by Grizzom (here)
    I wish we had Gita working for BP as a freelance fixer.

    We'd have this spill capped and all cleaned up by lunch!

    Assotiated Press couldn't hold a candle to Gitas output of news story's

    Keep up the good work Gita
    I second that opinion! It is "very cool" to be able to check in here for the latest updates on this issue. Thanks Gita - you are loved by all and what an you are.
    Cheers to you
    ~ If nothing changes then nothing changes ~

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    Thanks Horizons I can say the same thing about you my dear friend.


    Quote


    BP and Halliburton's Role in the Gulf Oil Disaster-- Well Casing Horror Story


    Right from the beginning, it was reported right away-- that Halliburton's job was to cement and seal the well casing. But I misunderstood what that meant. I took it to mean that Halliburton's job was to seal the connection between the well-head and the top of the pipe that was drilled 18,000 feet into the ground. Wrong.

    Halliburton's job was to seal the well casing. When a well like the Gulf disaster well on BP's Macondo prospect oil field is drilled, they start with a big hole-- about 22 inches in diameter. Then, after a few or five thousand feet, they go to a smaller diameter, say 16 inches, then 12 inches, 11 inches, 9 inches. That initial drilling hole is the well casing. It's like a several mile long inverted cone. When the well is completed, they put a heavier duty four inch pipe all the way down the well. That's what the oil is supposed to flow through.

    Halliburton's job was to seal the well casing with concrete-- all three plus miles of casing, so the four inch pipe was surrounded with concrete. New disclosures make it clear that BP made decisions to cut costs which reduced the safety of the job Haliburton did. A huffingtonpost.com article reports that, as part of an investigation, congressmen Henry Waxman and Bar Stupak wrote:

    Despite warnings from its own engineers, "BP chose the more risky casing option, apparently because the liner option would have cost $7 to $10 million more and taken longer," Waxman and Stupak said.

    In the brief e-mail, Morel said the company is likely to make last-minute changes in the well.

    "We could be running it in 2-3 days, so need a relative quick response. Sorry for the late notice, this has been nightmare well which has everyone all over the place," Morel wrote.

    BP apparently rejected advice of a subcontractor, Halliburton Inc., in preparing for a cementing job to close up the well. BP rejected Halliburton's recommendation to use 21 "centralizers" to make sure the casing ran down the center of the well bore. Instead, BP used six centralizers.

    In an e-mail on April 16, a BP official involved in the decision explained: "It will take 10 hours to install them. I do not like this." Later that day, another official recognized the risks of proceeding with insufficient centralizers but commented: "who cares, it's done, end of story, will probably be fine."


    Unquote

    Continued here.

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