Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Stock Market Longer-Term Charts Show Incredible Potential - 18th Jul 18
A Better Yield Curve for Predicting the Stock Market is Bullish - 18th Jul 18
U.S. Stock Market Cycles Update - 18th Jul 18
Cayton Bay Hoseasons Caravan Park Holiday Summer 2018 Review - 18th Jul 18
What Did Crude Oil - Platinum Link Tell Us Last Week? - 17th Jul 18
Gold And The Elusive Chase For Profits - 17th Jul 18
Crude Oil May Not Find Support Above $60 This Time - 17th Jul 18
How Crazy It Is to Short Gold with RSI Close to 30 - 16th Jul 18
Markets Pay Attention Moment - China’s Bubble Economy Ripe for Bursting - 16th Jul 18
Stock Market Uptrend Continues, But... - 16th Jul 18
Emerging Markets Could Be Starting A Relief Rally - 16th Jul 18
(Only) a Near-term Stock Market Top? - 16th Jul 18
Trump Fee-Fi-Foe-Fum Declares European Union America's Enemy! - 16th Jul 18
US Stocks Set For Further Advances As Q2 Earnings Start - 15th Jul 18
Stock Market vs. Gold, Long-term Treasury Yields, 10yr-2yr Yield Curve 3 Amigo's Update - 15th Jul 18
China vs the US - The Road to War - 14th Jul 18
Uncle Sam’s Debt-Money System Is Immoral, Tantamount to Theft - 14th Jul 18
Staying in a Caravan - UK Summer Holidays 2018 - Cayton Bay Hoseasons Holiday Park - 14th Jul 18
Gold Stocks Summer Lows - 14th Jul 18
Trump US Trade War With China, Europe Consequences, Implications and Forecasts - 13th Jul 18
Gold Standard Requirements & Currency Crisis - 13th Jul 18
Focus on the Greenback, Will USD Fall Below Euro 1.6? - 13th Jul 18
Stock Market Outlook 2018 - Bullish or Bearish - 13th Jul 18
Rising Inflation is Not Bearish for Stocks - 13th Jul 18
Bitcoin Picture Less Than Pretty - 13th Jul 18
How International Observers Undervalue the Chinese Bond Market - 13th Jul 18
Stocks Trying to Break Higher Again, Will They? - 12th Jul 18
The Rise and Fall of Global Trade – Redux - 12th Jul 18
Corporate Earnings Q2 2018 Will Probably be Strong. What This Means for Stocks - 12th Jul 18
Is the Relative Strength in Gold Miners to Gold Price Significant? - 12th Jul 18
Live Cattle Commodity Trading Analysis - 12th Jul 18
Gold’s & Silver’s Reversals’ Reversal - 12th Jul 18
The Value of Bitcoin - 11th Jul 18
America a Nation Built on Lies - 11th Jul 18
China, Asia and Emerging Markets Could Result In Chaos - 11th Jul 18
Bullish Gold Markets in the Big Picture? - 11th Jul 18
A Public Bank for Los Angeles? City Council Puts It to the Voters - 11th Jul 18
Yield Curve Inversion a Remarkably Accurate Warning Indicator For Economic & Market Peril - 11th Jul 18
Argentina Should Scrap the Peso and Dollarize - 11th Jul 18
Can the Stock Market Close Higher For a Record 10th Year in a Row? - 11th Jul 18
Why Life Insurance Is A Must In Financial Planning - 9th Jul 18
Crude Oil Possibly Setting Up For A Big Downside Move - 9th Jul 18
BREAKING: New Tech Just Unlocked A Trillion Barrels Of Oil - 9th Jul 18
How Trade Wars Penalize Asian Currencies - 9th Jul 18
Another Stock Market Drop Next Week? - 9th Jul 18
Are the Stock Market Bulls Starting to Run? - 9th Jul 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Open Letter to President Obama Re: BP Gulf Oil Spill Solution

Politics / Environmental Issues Jun 13, 2010 - 07:20 AM GMT

By: T_Anthony_Michael

Politics

Best Financial Markets Analysis ArticleDear President Obama,

We write this letter concerning the worst man-made, and ongoing, environmental catastrophe of the modern era, and perhaps the worst calamity the entire hemisphere has ever seen.


We are truly perplexed why the US Federal Government has not taken complete command and control of the disaster area known as the Gulf of Mexico. It is, after all, full of oil and dispersants and corpses of every sort and kind. A foreign multi-national corporation (BP) was allowed to conduct the most risky and highly experimental deep-sea drilling for oil and gas without proper permits, federal oversight and regulatory regimes that would have prevented this avoidable event.

We wonder out loud why the US Government has not declared this a federal disaster area. Yes, we hear that only natural disaster areas can be declared as such, but this is the worst environmental disaster in US history. Please, President Obama, declare the Gulf of Mexico a disaster area, so that the concerned Gulf States can receive the necessary federal aid to protect themselves from the Black Wave that is around the corner. To stand by and watch this tragedy of epic proportions unfold without taking decisive presidential action is completely unacceptable.

We all know the facts surrounding this event. (i.) BP was given the green light to conduct extremely dangerous drilling techniques in order to supply the fuel necessary to run the US military. (ii.) That the Military-Industrial Complex empowered BP, as it has other US Oil & Gas Companies, to drill and drain every reservoir of oil and gas discovered in the Gulf of Mexico. (iii.) That the Departments of Interior, Energy, Homeland Security and EPA collaborated at the very highest levels of government to see to it that federal laws, state statutes and departmental rules and regulations were conveniently suspended or broken in order to facilitate this oil and gas exploration and extraction. Basically, we are stating that treason was committed against these United States of America by the very entities that are tasked to protect it.

Our own estimates (confirmed by the OSATF) indicate that much more oil has gushed, and is gushing, into the Gulf than BP has admitted to. And yet they are allowed to control what is essentially a crime scene. Even so far as to dictate on behalf of the Unified Command Structure that was created by the US Federal Government to respond to this regional, soon to be national, crisis. The national media, the affected Gulf States, the people in the water and on the ground have all recounted story after story of how BP has simply betrayed the American people in the most profound and fundamental ways, and yet we se a continuation of a totally failed policy.

So, what are we now requesting? As follows:

I. That the US Federal Government take immediate and complete command and control of the gushing well, and set about the process of capping this well permanently. Likewise, that the US Federal Government take complete control over the entire Gulf of Mexico where it concerns the remediation of its waters, beaches, wetlands, marshes, estuaries, etc.

II. That the US Federal Government initiate an immediate assessment of the many other very problematic oil and gas platforms that are currently operating in the Gulf and shut down those, like the Atlantis (another BP platform), that pose even greater risk than the Deepwater should they blow.

III. That the US Federal Government fundamentally alter the current charter of the recently appointed Gulf Oil Spill Commission to deal with the aforementioned issues, as opposed to "studying" what went wrong with the instant case. These pressing issues must be addressed now, and by doing so, the state of the entire industry, especially as it practices in the Gulf of Mexico, will be called into serious question and appropriately responded to by the People of the Gulf States, as well as by the nation.

Many of us around the world have only now understood the inanity of drilling holes into the planet Earth in order to feed an unending and ever-growing societal addiction to hydrocarbon fuels. It is now clear that this practice must stop. And, that the community of nations must transition away from the hydrocarbon fuel paradigm permanently.

Of course, this does mean that the same community of nations must begin to embrace new energy sources that are truly clean and green, sustainable and renewable, and environmentally friendly and ecologically sound. As we approach a global population of 7 billion, the planetary biosphere and ecosystems can no longer tolerate the status quo, as the extremely serious state of affairs in the Gulf of Mexico clearly indicates.

By the way we do understand that the current situation will not be remedied until the concerned parties coalesce around this new global commitment to phase out fossil fuels and replace them with sustainable sources of energy. In other words the oil will continue to spill in the Gulf, and the Seven Seas will be inevitably contaminated, until the entire world comes around a new paradigm of respect and reverence for the planet Earth, which necessarily translates to a worldwide suspension of all new oil and gas exploratory drilling.

Therefore, a good start in the right direction would be to compel the oil and gas industry to end the suppression of the many alternative energy modalities that have been waiting in the wings for so many years. We would also like to see a complete cessation of the corporate conduct, which all of us have seen and experienced for over a century, that has played out in the course of the pursuing and developing of oil and gas reserves around the world. It is clear that the timing and poignancy of the global blockbuster AVATAR is no accident. The synchronicity around the debut of Black Wave, a French Canadian produced and directed documentary that portrays a 20 year retrospective of the “tearing of the social fabric” in the wake of the Exxon Valdez Oil Spill, is also quite noteworthy.

Suffice to say, the universe is giving many other signs and messages which unequivocally direct our attention to the necessities of the moment. We speak of the many alerts which have come by way of (i.) undersea oil leaks, seeps and spills; (ii.) oil and gas pipeline ruptures; (iii.) oil tanker sinkings (there have been many unreported on the high seas); (iv.) refinery explosions; (v.) oil and gas platform fires, explosions and sinkings, and many other serious oil and gas industry events that also go unreported by the mainstream media. Each one of these events constitutes a major SOS to humankind, yet so downplayed are they that they are barely a blip on the radar screen of the daily news cycle.

Where do we go from here, President Obama?

There is only one direction to go in and that is to systematically transition this nation away from oil and gas as a primary energy source so that our dependence, both foreign and domestic, is eventually eliminated. Of course, this requires an immediate phasing in of a new paradigm, representing a mix of alternatives sources whose attributes have been previously described. To call them clean and green is truly a gross simplification, as some of them take advantage of free standing wave energy which is so far from current applied scientific realities concerning energy production, dissemination and utilization that calling them apples and oranges does not even make sense. We are in a completely different universe here, so comparisons are, for all practical purposes, irrelevant.

If ever there was a time to engage the public consciousness surrounding an issue, this is the one. The oil and gas energy platform undergirds the entire civilization and, therefore, it will take extraordinary leadership to take the lead of doing what is right for the global community and all of the life that resides within its borders. The far-reaching ramifications and profound consequences of a hydrocarbon-fueled society will be felt for decades, even after such a transition is completed. However, for the sake of our children and grand children and the seven generations beyond, there is no choice in the matter of expelling this polluting and destructive energy source from our nation.

We are at a fork in the road, Mr. President. We can go right or left. The left-handed fork is where we have gone for well over a century, and we know where that has taken our nation, and civilization. The globe is littered with wars and skirmishes and conflicts that revolve around powerful nations wanting to develop oil and gas reserves, conduct risky exploration, build refineries, lay down pipeline transits, etc. It’s clear to many of us that the unlawful and horrendous wars waged against Iraq, Afghanistan, Pakistan and Iran (senseless war of words setting up a baseless war on the ground) have been about taking possession of or effectively controlling these kinds of assets. How much longer will the world be forced to watch such tragic consequences of the projection of American power in the defense of its energy interests around the globe?

Many have argued that we have no legitimate right to many of those oil fields that have been coerced or bribed from the many poor and under-developed nations that cannot stand up to the might of the USA, and UK. These third world countries have truly borne the brunt of a foreign policy gone awry – a policy that has been monopolized by the powerful lobbyists of the largest oil and gas corporations on the planet. Nigeria, Ecuador, Bolivia and Indonesia, as well as many other recipients of American-style oil diplomacy have suffered far too long under this yoke of corporate imperialism. It is high time that the yoke be smashed for all time, and done so with all deliberate speed.

The fate of the entire world hangs in the balance, President Obama. The Gulf Oil Spill will not be resolved with any finality, or success, until the proper decisions are made by those in power to change the course of the future. We trust that you will communicate these sentiments, as they have issued forth from many of the world’s oppressed, downtrodden and innumerable victims of the hydrocarbon fuel paradigm.

Very sincerely,
Concerned Citizens of Florida

We The People we_the_people@fastmail.us

T. Anthony Michael is a Financial Analyst & Long Range Financial Planner.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

T. Anthony Michael Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Wade Mccormick
13 Jun 10, 15:29
Instant oil leak repair

Place a intertube with no air around 4 to 5 inch pipe, make pipe as long as needed to rise above oil pressure, insert pipe with tube in place into the the flowing oil pipe. Insert this in to 6 inches to 6 ft it doesn't matter. Inflate tube fast, and hard to seal off pipe. The tube would seal off inter pipe as well as outer pipe.The effects of deep water pressure would not come in to play. Two thousand and thirty two pounds of pressure per square inch

will equalize depth of enviroment. I have drafted this in more detail. Please contact us.

Sicerely,

Wade McCormick


Dan Sayen
13 Jun 10, 22:46
sealing the pipe

I was just telling my wife the EXACT same thing... it seems to easy, but I really think this would work.


T. Anthony Michael
14 Jun 10, 20:49
Instant oil leak repair
Wade, Thanks for the proposal. Please email the detailed draft to: Oil Spill Solution <oilspillsolution@comcast.net> Concerned Citizens of Florida

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules