I remember several years ago some politician saying "a $billion here a $billion there and pretty soon we're talking serious money"..................probably Mulroney or Trudeau. :lol::lol::lol:
B.P.'s Gulf of Mexico Oil Spill Thread (it's all here).....
- Thread starter Praxius
- Start date
I remember several years ago some politician saying "a $billion here a $billion there and pretty soon we're talking serious money"..................probably Mulroney or Trudeau. :lol::lol::lol:
I look at it this way wulfie; if I were to hire a taxi, give a description of my preferred directions and that driver was to rear-end someone, am I - as the passenger - liable for the damages?
Although my example is dramatically oversimplified, is it really that different from this event?
Again, I am not an apologist for BP, however, why is it that we hear nothing of Haliburton or Transocean?.. If one or both are without liability - then fine - but at least let the public know before you (ie Obama) starts tearing new a$$holes for only the people at BP
BP won't be paying shareholders in the next quarter.....
Here comes the bail out or buy out....
Damn I'm good!
Yep.
Take the BP board of Directors.
Stand them up against a wall. Take your pistol. Count off. Shoot every third one.
Tell them. "If things aren't better next month, we can do this again...."
Watch things improve.
Take the BP board of Directors.
Stand them up against a wall. Take your pistol. Count off. Shoot every third one.
Tell them. "If things aren't better next month, we can do this again...."
Watch things improve.
$1.20L just in time for the summer driving season. Everyone else will profit from BP's misfortune.
You couldn't plan a better corporate coup than this.
Who'll buy BP?
Mobil?
The Mexican dope mob?
You couldn't plan a better corporate coup than this.
Who'll buy BP?
Mobil?
The Mexican dope mob?
BP Executives Tony Hayward and Doug Suttles have repeatedly denied the existence of underwater oil plumes in recent weeks. They cite expert evidence and studies, even as multiple other studies have shown the existence of plumes. Just how deep is the culture of denial in this large oil company?
Yet on June 9th BP COO of Exploration and Production told NBC's Today show still defended Hayward's statement, saying "we haven't found any large concentrations of oil under the sea" and that it "may be down to how you define what a plume is here." Watch the whole chilling interview:
BP lies don't stop at the existence of plumes, but run much deeper. We've seen a BP-connected 'environmental' group telling the NYTimes the drilling disaster "wasn't that bad" and Rep Ed Markey repeatedly forcing BP to make live video public. From spill rates to video feeds, from safety procedures to the integrity of the blow-out preventer, Atlantic Free Press gives a detailed history of BP's disregard for the facts.
What's the bigger picture here? We know that oil companies have funded junk science and fake experts for decades. Climate Coverup and Desmogblog detail the extent of that deception, how it is carried out, and who does the work.
The question is, why do we trust oil companies at all? Why do we trust them to handle the gulf-spill clean up or to accurately predict the amount of oil that has escaped? Why do we trust them to abide by human rights standards in the Amazon or in Nigeria? Why do we trust them to forecast the amount of oil left in reserves and how much longer we can be dependent on fossil fuels? And why do allow them to fund 'independent think tanks' that spend millions to influence politics?
Lets be perfectly clear: oil companies operate in the interest of oil profits, and everything from clean-up operations to global warming science is a problem to be minimized so they can get back to the main task: oil profits. Lets not let these experts in denial get away with it. Lets slam BP for incompetence here, but lets also slam the oil industry generally for its gusher of lies on all fronts.
Energy Boom reported on May 31st that "Hayward said samples taken by the company show no evidence of large masses of underwater oil. He said that oil's natural tendency is to rise to rise to the surface, and any oil underwater is currently making its way to the top."
Days earlier, on May 28th, the Wall Street Journal reported a University of South Florida research vessel discovered an oil plume 1300 feet below the surface. Then on June 9th, a two-week research expedition on the Walton Smith (pictured above) found overwhelming amounts of evidence for plumes and large clouds of oil below the surface. The samples, pulled from depths of up to 1200 meters "stank to high heaven," researcher Smanatha Joye said. "They smelled like creosote, asphalt and diesel."
Yet on June 9th BP COO of Exploration and Production told NBC's Today show still defended Hayward's statement, saying "we haven't found any large concentrations of oil under the sea" and that it "may be down to how you define what a plume is here." Watch the whole chilling interview:
Visit msnbc.com for breaking news, world news, and news about the economy
In an ABC interview the same day, Suttles was even more blatant. "There's yet to be anyone who has found any significant quantities below the surface. Whether that's just below the surface, or at deep levels," Suttles told ABC's Elizabeth Vargas. (h/t to the Raw Story)BP lies don't stop at the existence of plumes, but run much deeper. We've seen a BP-connected 'environmental' group telling the NYTimes the drilling disaster "wasn't that bad" and Rep Ed Markey repeatedly forcing BP to make live video public. From spill rates to video feeds, from safety procedures to the integrity of the blow-out preventer, Atlantic Free Press gives a detailed history of BP's disregard for the facts.
What's the bigger picture here? We know that oil companies have funded junk science and fake experts for decades. Climate Coverup and Desmogblog detail the extent of that deception, how it is carried out, and who does the work.
The question is, why do we trust oil companies at all? Why do we trust them to handle the gulf-spill clean up or to accurately predict the amount of oil that has escaped? Why do we trust them to abide by human rights standards in the Amazon or in Nigeria? Why do we trust them to forecast the amount of oil left in reserves and how much longer we can be dependent on fossil fuels? And why do allow them to fund 'independent think tanks' that spend millions to influence politics?
Lets be perfectly clear: oil companies operate in the interest of oil profits, and everything from clean-up operations to global warming science is a problem to be minimized so they can get back to the main task: oil profits. Lets not let these experts in denial get away with it. Lets slam BP for incompetence here, but lets also slam the oil industry generally for its gusher of lies on all fronts.
A more accurate analogy would be to hire a cabbie, tell him the route you want to take and complain about the extra mileage costs. Or getting stuck in traffic, due to your preferred route and then complaining about being late for a meeting.
What Haliburton and Transocean did, was done under BP's direct control and supervision. I never worked off-shore but at one point I did work for one of Haliburton's competitors (with guys who had been off-shore on both the East coast and the Gulf of Mexico), and I also worked for oil companies themselves. If anything, the control/input of the oil company is increased off-shore because the costs involved are so much higher and thus warranting more due diligence by the owner of the well.
A billion here, a billion there, pretty soon it adds up to real money.
Senator Everett Dirksen
US politician (1896 - 1969)
US politician (1896 - 1969)
BP Tells Cleanup Workers They'll Be Fired If They Wear Respirators
Tags:
More egregious still, sources on the ground say that BP is telling cleanup workers that they will be fired if they wear respirators:
Why?
Because - as part of their PR campaign - BP is doing everything it can to prevent dramatic pictures or headlines regarding the oil spill.
Webmaster's Commentary:
Remember 9-11, where the EPA told the emergency workers that the air was perfectly safe at Ground Zero and no special protection was needed, and now all those workers are ill with cancer, mesothelioma, etc.?
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BP Aware Of Cracks In Oil Well Two Months Before Explosion
Tags:
BP was aware of cracks appearing in the Macondo well as far back as February, right around the time Goldman Sachs and BP Chairman Tony Hayward were busy dumping their stocks in the company on the eve of the explosion that led to the oil spill, according to information uncovered by congressional investigators.
Webmaster's Commentary:
Remember when the Space Shuttle Challenger had frozen O-Rings and management said, "We have to launch; we're on a tight schedule"? Didn't work out then.
Didn't work out now.
and the lesson is that the real world does not bend to the will of CEOs and politicians, no matter how much they bark.
Tags:
More egregious still, sources on the ground say that BP is telling cleanup workers that they will be fired if they wear respirators:
Why?
Because - as part of their PR campaign - BP is doing everything it can to prevent dramatic pictures or headlines regarding the oil spill.
Webmaster's Commentary:
Remember 9-11, where the EPA told the emergency workers that the air was perfectly safe at Ground Zero and no special protection was needed, and now all those workers are ill with cancer, mesothelioma, etc.?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
BP Aware Of Cracks In Oil Well Two Months Before Explosion
Tags:
BP was aware of cracks appearing in the Macondo well as far back as February, right around the time Goldman Sachs and BP Chairman Tony Hayward were busy dumping their stocks in the company on the eve of the explosion that led to the oil spill, according to information uncovered by congressional investigators.
Webmaster's Commentary:
Remember when the Space Shuttle Challenger had frozen O-Rings and management said, "We have to launch; we're on a tight schedule"? Didn't work out then.
Didn't work out now.
and the lesson is that the real world does not bend to the will of CEOs and politicians, no matter how much they bark.
Oil munchers a possible solution
Can naturally occurring, oil-eating microbes help clean the waters and shores of the Gulf of Mexico? Scientists, BP and government officials are moving toward trying it.
Can naturally occurring, oil-eating microbes help clean the waters and shores of the Gulf of Mexico? Scientists, BP and government officials are moving toward trying it.
One scientist compares them to the yellow chompers in the Pac-Man video game -- hungry, single-minded little microbes fueled by the same fertilizer that farmers use on soybeans, gobbling hydrocarbons from the oily waters, marshes and shores of the Gulf of Mexico.
http://www.miamiherald.com/2010/06/17/1686860/oil-munchers-a-possible-solution.html
http://www.miamiherald.com/2010/06/17/1686860/oil-munchers-a-possible-solution.html
JP Morgan as BP's Biggest Shareholder Says Oil Disaster is Good for the Economy!
Friday, 18 June 2010 08:25
'JP Morgan says that the Gulf oil spill will help the economy. This is an odd thing to say, given that the spill is our modern dust bowl, which could very well deepen and prolong our economic woes.
What might explain such an odd statement? Well, JPM is apparently BP's largest shareholder. So happy talk meant to drive BP's share prices higher can only help JPM.'
Read more: JP Morgan as BP's Biggest Shareholder Says Oil Disaster is Good for the Economy
Friday, 18 June 2010 08:25
'JP Morgan says that the Gulf oil spill will help the economy. This is an odd thing to say, given that the spill is our modern dust bowl, which could very well deepen and prolong our economic woes.
What might explain such an odd statement? Well, JPM is apparently BP's largest shareholder. So happy talk meant to drive BP's share prices higher can only help JPM.'
Read more: JP Morgan as BP's Biggest Shareholder Says Oil Disaster is Good for the Economy
The thing to remember is that trading houses like JP Morgan don't look at a disaster like this in terms of species lost to extinction, recreation areas lost or any emotional factor but rather they look at it in terms of dollars and sense. For most of us it is an environmental catastrophe, the most extreme that many of us can remember, and for BP the stock price hits in addition to the $20 billion rebuild and reparation fund have been nasty... but the price of oil is up so other companies in the energy sector are seeing an increase in profits and increased activity capitalizing on it; there's a flurry of public awareness as well as a massive mess thus more R&D money going into clean up techniques; possibly more R&D funding to alternative energy sources. Plus if BP becomes vulnerable enough, they may get bought out by Exxons or Shell or someone else.
In the end, the economy may well get a bump out of the situation, and its JP Morgan's business to determine if it does, but that doesn't mean its a tradeoff people at JP Morgan or any sane person would have wanted to make.
In the end, the economy may well get a bump out of the situation, and its JP Morgan's business to determine if it does, but that doesn't mean its a tradeoff people at JP Morgan or any sane person would have wanted to make.
creative destruction, the real money maker
By the way apparently the twits drilled into a volcano, they're hard to shut off.
By the way apparently the twits drilled into a volcano, they're hard to shut off.
[QUOTE
In the end, the economy may well get a bump out of the situation, and its JP Morgan's business to determine if it does, but that doesn't mean its a tradeoff people at JP Morgan or any sane person would have wanted to make.[/QUOTE]
In most disasters there is a silver lining. What's done is done and no one can change that. Intelligent people have learned a lot from this. Many of the affected fishermen etc. in the area have been put to work cleaning up the mess and as one who was interviewed by C.B.C. yesterday said, most of them haven't been adversly affected financially, YET. The mess will eventually be cleaned up and the environment restored, although it will probably take years. Although the impact has undoubtedly been negative (and those responsible must pay) there is no use dwelling on the downside- just get to work towards a positive resolution.
In the end, the economy may well get a bump out of the situation, and its JP Morgan's business to determine if it does, but that doesn't mean its a tradeoff people at JP Morgan or any sane person would have wanted to make.[/QUOTE]
In most disasters there is a silver lining. What's done is done and no one can change that. Intelligent people have learned a lot from this. Many of the affected fishermen etc. in the area have been put to work cleaning up the mess and as one who was interviewed by C.B.C. yesterday said, most of them haven't been adversly affected financially, YET. The mess will eventually be cleaned up and the environment restored, although it will probably take years. Although the impact has undoubtedly been negative (and those responsible must pay) there is no use dwelling on the downside- just get to work towards a positive resolution.
Now the Administration is restricting access for jounalist in the affected areas. So much for transparency. First they clean up the beach before Obama's visit and now this.
The microbes help, but how many do you think we'd need to gobble up hundreds of millions of bbls of the stuff?
Yup. Profit over planet.
Propaganda of Oil: Oil is NOT a fossil fuel -- Signs of the Times News
This environmental disaster will drive the carbon economy agenda along very nicely. We have to curtail exploration and plug the leak and establish a firm carbon responsible currency on a global basis or we're all going to die, Flipper first and then Bambi then all the birds and butterflies. This is a great opportunity to make money and save the pelicans of course and we should all be thankful for the high quality employment shoveling off the beaches and pressure washing bunnies and alligators. I didn't know that oil was the second most common fluid on the planet.
This environmental disaster will drive the carbon economy agenda along very nicely. We have to curtail exploration and plug the leak and establish a firm carbon responsible currency on a global basis or we're all going to die, Flipper first and then Bambi then all the birds and butterflies. This is a great opportunity to make money and save the pelicans of course and we should all be thankful for the high quality employment shoveling off the beaches and pressure washing bunnies and alligators. I didn't know that oil was the second most common fluid on the planet.
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