Gulf Gusher Could Be Major Black Swan (2 Viewers)

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Bjerknes

Bjerknes

"Top Economist"
Mar 16, 2004
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  • Thread Starter #121
    :sergio:

    BP engineer called it a "nightmare well" on 4/14

    BP took measures to cut costs in the weeks before the catastrophic blowout in the Gulf of Mexico as it dealt with one problem after another, prompting a BP engineer to describe the doomed rig as a "nightmare well," according to internal documents released Monday.

    The comment by BP engineer Brian Morel came in an e-mail April 14, six days before the Deepwater Horizon rig explosion that killed 11 people and has sent tens of millions of gallons of oil into the Gulf in the nation's worst environmental disaster.

    The e-mail was among dozens of internal documents released by the House Energy and Commerce Committee, which is investigating the explosion and its aftermath.

    http://www.foxnews.com/us/2010/06/14/bp-engineer-called-doomed-rig-nightmare/

    These faggots are finished. And so, too, be these faggots at the bottom of this list:


     

    Buy on AliExpress.com
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
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  • Thread Starter #122
    BP denies bankruptcy rumors, seeks advice
    Published: 15/06/2010 at 09:53 AM
    Online news: World

    BP has tapped financial advisers at Goldman Sachs, Blackstone Group and Credit Suisse as pressure mounts on the British energy giant over the devastating Gulf of Mexico oil spill, US media reported Monday.

    http://www.bangkokpost.com/news/world/181305/bp-denies-bankruptcy-rumors-seeks-advice

    Scum seeking the advice of scum. The Goldman Sachs gang are the best criminal minds out there, so good job BP.
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
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  • Thread Starter #123
    I don't know if this is tin or not, but I'll post this anyway. Something to think about.


    IT IS A VOLCANO

    Oil Volcano Pressure Too Strong for Containment

    “It has been estimated by experts that the pressure which blows oil into the Gulf waters is estimated to be between 20,000 and 70,000 PSI (pounds per square inch). Impossible to control.

    The estimated super high pressure release of oil from under the earth’s crust is between 80,000 to 100,000 barrels per day.

    The flow of oil and toxic gases is bringing up with it… rocks and sand which causes the flow to create a sandblasting effect on the remaining well head device currently somewhat restricting the flow, as well as the drilled hole itself.

    As the well head becomes worn it enlarges the passageway allowing an ever-increasing flow. Even if some device could be placed onto the existing wellhead, it would not be able to shut off the flow, because what remains of the existing wellhead would not be able to contain the pressure.

    The well head piping was originally about 2 inches thick. It is now likely to be less than 1 inch thick, and thinning by each passing moment. The oil has now reached the Gulf Stream and is entering the Oceanic current which is at least four times stronger than the current in the Gulf, which will carry it throughout the world within 18 months.

    The oil along with the gases, including benzene and many other toxins, is depleting the oxygen in the water. This is killing sea life in the ocean. Along with the oil along the shores, there will be many dead fish, etc. that will have to be gathered and disposed of.

    At some point the drilled hole in the earth will enlarge itself beneath the wellhead to weaken the area the wellhead rests upon. The intense pressure will then push the wellhead off the hole allowing a direct unrestricted flow of oil, etc.

    The hole will continue to increase in size allowing more and more oil to rise into the Gulf. After several billion barrels of oil have been released, the pressure within the massive cavity five miles beneath the ocean floor will begin to normalize.

    This will allow the water, under the intense pressure at 1 mile deep, to be forced into the hole and the cavity where the oil was. The temperature at that depth is near 400 degrees, possibly more.

    The water will be vaporized and turned into steam, creating an enormous amount of force, lifting the Gulf floor. It is difficult to know how much water will go down to the core and therefore, its not possible to fully calculate the rise of the floor.

    The tsunami wave this will create will be anywhere from 20 to 80 feet high, possibly more. Then the floor will fall into the now vacant chamber. This is how nature will seal the hole.

    Depending on the height of the tsunami, the ocean debris, oil, and existing structures that will be washed away on shore and inland, will leave the area from 50 to 200 miles inland devoid of life. Even if the debris is cleaned up, the contaminants that will be in the ground and water supply will prohibit re-population of these areas for an unknown number of years.

    Take a U. S. map, lay it flat and measure inland just the minimum 50 miles of total destruction all around the Gulf of Mexico. Should what the scientists who are trying to warn everyone about be even close to being true… much of the property in Florida could be completely destroyed, including massive loss of life.


    Yikes.
    http://ibankcoin.com/flyblog/2010/06/15/its-a-volcano/

    :snoop:
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
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  • Thread Starter #127
    On that same page, Matt Simmons says 40% of the Gulf might have a layer of heavy crude below the surface. :shocked:
     

    swag

    L'autista
    Administrator
    Sep 23, 2003
    84,795
    Only an anal cannon of enormous proportions can save us with an equal and opposite force. :analcanon:

    Where can we find such a device???
     
    OP
    Bjerknes

    Bjerknes

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  • Thread Starter #131
    This thing doesn't have enough crude to cover all of the oceans of the world. And in theory, once enough of the oil has escaped from the well, the pressure will gradually decrease and the flow rate will wane, making clean up more feasible if we can't cap it off. So no, that article is obviously just tin.

    But our economy will certainly be hurt because of this, along with the pensions of the British public. I don't really think our markets have factored in how much this leak will affect the surrounding communities from a macro perspective. Plus, such trauma to our GDP would be more deflationary than inflationary as jobs will be lost and wages won't rise, so the US dollar would actually appreciate since there will be a demand for dollars. So I think the blog is wrong about that as well.

    Martial law? Ooohh, I like that topic. :jvefan:
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
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    The Benzene and other chemical compounds are certainly there, just like they were after the Exxon-Valdez spill. Many clean up workers from that spill developed cancer and other sorts of health problems due to the toxic compounds. But I'm not sure about the concentration levels of those gaseous compounds down in the Gulf right now, although I wouldn't trust what BP has to say about it.

    You'd have to be a lunatic to want to go clean that stuff up, especially if BP isn't providing proper hazmat suits.

    Water supplies could be contaminated if a hurricane takes some of the oil inland via storm surge. I've also heard that Florida has some water filtration plants that intake Gulf sea water, and if crude gets in there they will have to shut those plants down.
     

    JuveJay

    Senior Signor
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    Mar 6, 2007
    75,029
    I was watching an interview with a US economist recently, he said there would have to be a 100 of these incidents for people to think 'erm, well maybe this isn't such a good idea', when you weigh up trillions of dollars against billions.

    Obama is anti-British, by a tabloid columnist ;):

    Brit bashing is Barack Obarmy

    Future historians will not ask if President Barack Obama was anti-British – they will wonder exactly how anti-British.

    We are accustomed to US leaders who are rather fond of the Brits.

    Baby-boomers like Clinton and Bush were listening to Exile On Main Street and Abbey Road as they ducked the draft for the Vietnam War.

    An earlier generation of American Presidents like John F Kennedy and George Bush Senior fought alongside the British in the Second World War. Obama is very different.

    Reading his book, Dreams From My Father, you are struck repeatedly by his deep antipathy towards the British. Their arrogance in colonial Africa. The cruelty towards the Mau Mau in Kenya. The racism of the British, who called Obama’s Kenyan grand*father “boy”, even when he was an old man.

    A lot of this is understandable in a man of his heritage.

    But it’s ironic Obama seems to bear such a grudge about the Empire while apparently willing to forgive and forget 500 years of slavery in America. If he wants to see what institutionalised racism looks like, then US history is not a bad place to start.

    Almost his first act upon entering the Oval office was to remove a bust of Winston Churchill given to the American people in the aftermath of 9/11.

    It was a petty and ungracious little act. But Obama’s anti-British prejudice runs deep and now it has finally been allowed to run amok.

    Obama’s reaction to the BP oil spill has been hysterical. Despite his loony repetition of the name, the company has not actually been called British Petroleum for 12 years, since merging with American oil company Amoco. BP is about as British as a Big Mac. It is an Anglo-American company.

    So why rabbit on about “British Petroleum”? Because Obama – increasingly unpopular in his own country – bizarrely wants to put an entire nation in the dock for the failings of one multinational.

    But the average Brit has as much responsibility for the BP oil spill as the ordinary American has for the Union Carbide gas explosion in Bhopal, India, that has blighted a generation. Which is none at all.

    Brits sympathise with Americans who are suffering from this environmental catastrophe. Most of us hope people who suffer get every dollar of compensation they deserve.

    But it is nothing to do with us, buddy.

    The majority of BP’s employees are American. A large chunk of the company is US-owned.

    And comparing the oil spill with 9/11, as Obama has done, is plain barmy.

    Those attacks were a *deliberate and coldly calculated mass murder of more than 3,000 people.

    Does Obama really think BP wanted the oil spill?

    Obama was once very popular in Britain. I do not think it is overstating the case to say there was real love for him here. But he has never been keen on the British. And he never will be.

    Now the affection the British people felt for Obama is fading fast. I suspect it has less to do with his “British Petroleum” rants and more to do with his total lack of gratitude.

    Who fought alongside American troops in Iraq and Afghanistan? Who sees their young soldiers coming home in coffins and wheelchairs even as Obama rants about “British Petroleum” on the White House lawn?

    The British. And there remains a special bond between this country and the USA that will endure long after Obama has gone.

    But it is deeply offensive that the sacrifice of troops in America’s wars means nothing to this fanatically anti-British President.

    And I can’t think of a better reason to bring our troops home.
    By an American journalist: http://www.totalpolitics.com/blogs/index.php/2010/06/07/why-obama-s-anti-bp-rhetoric-risks-becom

    The economical impact is clear, but it can be ridden. The ecological impact is more difficult to judge. It's very easy to talk about doomsday scenarios but it is surprising how the environment can recover quickly. The Ixtoc spill should be used as an example, and that was much closer to the coast. The immediate impact is and will be bad, but the environment then recovered at a rapid rate and was back to normal in a few years. No one really knows what would happen if there were continual spillages though, everything has a tipping point.
     
    OP
    Bjerknes

    Bjerknes

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  • Thread Starter #136
    The Ixtoc 1 spill had a volume of about 3,000,000 barrels of crude and the flow rate was 30,000 barrels per day from the well. This current leak is putting out anywhere from 30,000 to 100,000 barrels a day, with the former being BP's estimate and the latter coming from a NOAA research vessel. I don't trust BP's estimates.

    Split the estimate in half and that number and multiply it by 60 days, and you have 3,000,000 barrels of oil leaked into the Gulf. So already this spill is just as bad as the Ixtoc spill. And with regards to the economy, this spill is located much closer to important fisheries and tourist destinations.

    Lastly, BP is still at heart a British company. BP is basically 6% of the FTSE and millions of British folks have pension funds that hold BP stock. If they go into bankruptcy, that's pretty horrible news for them, but they should not be bailed out.
     
    OP
    Bjerknes

    Bjerknes

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    Something just went BOOM apparently, and now the flow looks pretty freaking horrible. This is the worst I've seen it.

    http://www.bp.com/liveassets/bp_int...se/STAGING/local_assets/html/Skandi_ROV2.html

    No idea what's going on, but it looks like the flow is coming from beneath riser package. If so, that would suggest that the integrity of the well head was lost. And that isn't good at all.

    The flow looks more green and black, so it might not be oil. There is some speculation on another forum that this is hydrate seeping through, which would be even worse news.
     
    OP
    Bjerknes

    Bjerknes

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  • Thread Starter #138
    Getting interesting in the tropics as well. Two forecasting models are putting a hurricane in the gulf next week. :shocked:
     
    OP
    Bjerknes

    Bjerknes

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  • Thread Starter #140
    What would happen in that case? DOOOOOM?
    Depending on what path it takes, maybe push some oil further North and carry it further inland via storm surge. The one good thing that a hurricane could do is disperse the oil a bit, but if it's still coming out at 100,000 barrels a day, who cares.
     

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