Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Has the Fed Let the Inflation Genie Out of the Bottle? - 10th Aug 20
The Strange Food Trend That’s Making Investors Rich - 10th Aug 20
Supply & Demand For Money – The End of Inflation? - 10th Aug 20
Revisiting Our Silver and Gold Predictions – Get Ready For Higher Prices - 10th Aug 20
Storm Clouds Are Gathering for a Major Stock and Commodity Markets Downturn - 10th Aug 20
A 90-Year-Old Stock Market Investment Insight That's Relevant in 2020 - 10th Aug 20
Debt and Dollar Collapse Leading to Potential Stock Market Melt-Up, - 10th Aug 20
Coronavirus: UK Parents Demand ALL Schools OPEN September, 7 Million Children Abandoned by Teachers - 9th Aug 20
Computer GPU Fans Not Spinning Quick FIX - Sticky Fans Solution - 9th Aug 20
Find the Best Speech Converter for You - 9th Aug 20
Silver Bull Market Update - 7th Aug 20
This Inflation-Adjusted Silver Chart Tells An Interesting Story - 7th Aug 20
The Great American Housing Boom Has Begun - 7th Aug 20
NATURAL GAS BEGINS UPSIDE BREAKOUT MOVE - 7th Aug 20
Know About Lotteries With The Best Odds Of Winning - 7th Aug 20
Could Gold Price Reach $7,000 by 2030? - 6th Aug 20
Bananas for All! Keep Dancing… FOMC - 6th Aug 20
How to Do Bets During This Time - 6th Aug 20
How to develop your stock trading strategy - 6th Aug 20
Stock Investors What to do if Trump Bans TikTok - 5th Aug 20
Gold Trifecta of Key Signals for Gold Mining Stocks - 5th Aug 20
ARE YOU LOVING YOUR SERVITUDE? - 5th Aug 20
Stock Market Uptrend Continues? - 4th Aug 20
The Dimensions of Covid-19: The Hong Kong Flu Redux - 4th Aug 20
High Yield Junk Bonds Are Hot Again -- Despite Warning Signs - 4th Aug 20
Gold Stocks Autumn Rally - 4th Aug 20
“Government Sachs” Is Worried About the Federal Reserve Note - 4th Aug 20
Gold Miners Still Pushing That Cart of Rocks Up Hill - 4th Aug 20
UK Government to Cancel Christmas - Crazy Covid Eid 2020! - 4th Aug 20
Covid-19 Exposes NHS Institutional Racism Against Black and Asian Staff and Patients - 4th Aug 20
How Sony Is Fueling the Computer Vision Boom - 3rd Aug 20
Computer Gaming System Rig Top Tips For 6 Years Future Proofing Build Spec - 3rd Aug 20
Cornwwall Bude Caravan Park Holidays 2020 - Look Inside Holiday Resort Caravan - 3rd Aug 20
UK Caravan Park Holidays 2020 Review - Hoseasons Cayton Bay North East England - 3rd Aug 20
Best Travel Bags for 2020 Summer Holidays , Back Sling packs, water proof, money belt and tactical - 3rd Aug 20
Precious Metals Warn Of Increased Volatility Ahead - 2nd Aug 20
The Key USDX Sign for Gold and Silver - 2nd Aug 20
Corona Crisis Will Have Lasting Impact on Gold Market - 2nd Aug 20
Gold & Silver: Two Pictures - 1st Aug 20
The Bullish Case for Stocks Isn't Over Yet - 1st Aug 20
Is Gold Price Action Warning Of Imminent Monetary Collapse - Part 2? - 1st Aug 20
Will America Accept the World's Worst Pandemic Response Government - 1st Aug 20
Stock Market Technical Patterns, Future Expectations and More – Part II - 1st Aug 20
Trump White House Accelerating Toward a US Dollar Crisis - 31st Jul 20
Why US Commercial Real Estate is Set to Get Slammed - 31st Jul 20
Gold Price Blows Through Upside Resistance - The Chase Is On - 31st Jul 20
Is Crude Oil Price Setting Up for a Waterfall Decline? - 31st Jul 20
Stock Market Technical Patterns, Future Expectations and More - 30th Jul 20
Why Big Money Is Already Pouring Into Edge Computing Tech Stocks - 30th Jul 20
Economic and Geopolitical Worries Fuel Gold’s Rally - 30th Jul 20
How to Finance an Investment Property - 30th Jul 20
I Hate Banks - Including Goldman Sachs - 29th Jul 20
NASDAQ Stock Market Double Top & Price Channels Suggest Pending Price Correction - 29th Jul 20
Silver Price Surge Leaves Naysayers in the Dust - 29th Jul 20
UK Supermarket Covid-19 Shop - Few Masks, Lack of Social Distancing (Tesco) - 29th Jul 20
Budgie Clipped Wings, How Long Before it Can Fly Again? - 29th Jul 20
How To Take Advantage Of Tesla's 400% Stock Surge - 29th Jul 20
Gold Makes Record High and Targets $6,000 in New Bull Cycle - 28th Jul 20
Gold Strong Signal For A Secular Bull Market - 28th Jul 20
Anatomy of a Gold and Silver Precious Metals Bull Market - 28th Jul 20
Shopify Is Seizing an $80 Billion Pot of Gold - 28th Jul 20
Stock Market Minor Correction Underway - 28th Jul 20
Why College Is Never Coming Back - 27th Jul 20
Stocks Disconnect from Economy, Gold Responds - 27th Jul 20
Silver Begins Big Upside Rally Attempt - 27th Jul 20
The Gold and Silver Markets Have Changed… What About You? - 27th Jul 20
Google, Apple And Amazon Are Leading A $30 Trillion Assault On Wall Street - 27th Jul 20
This Stock Market Indicator Reaches "Lowest Level in Nearly 20 Years" - 26th Jul 20
New Wave of Economic Stimulus Lifts Gold Price - 26th Jul 20
Stock Market Slow Grind Higher Above the Early June Stock Highs - 26th Jul 20
How High Will Silver Go? - 25th Jul 20
If You Own Gold, Look Out Below - 25th Jul 20
Crude Oil and Energy Sets Up Near Major Resistance – Breakdown Pending - 25th Jul 20
FREE Access to Premium Market Forecasts by Elliott Wave International - 25th Jul 20
The Promise of Silver as August Approaches: Accumulation and Conversation - 25th Jul 20
The Silver Bull Gateway is at Hand - 24th Jul 20
The Prospects of S&P 500 Above the Early June Highs - 24th Jul 20
How Silver Could Surpass Its All-Time High - 24th Jul 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Gulf Oil Spill - The Greatest Disaster Since The Flood?

Politics / Environmental Issues Jun 23, 2010 - 01:23 AM GMT

By: Submissions

Politics

Best Financial Markets Analysis ArticleJoshua S. Burnett writes: Most articles begin with a purpose statement revealing what the author desires to convince the reader of.  This article is different.  These few paragraphs begin with a plea for someone to tell me that I’ve got the evidence all wrong and that what I see and know is a smoke filled illusion void of reality.  I want someone who knows differently to tell me.  So as you read this article please understand that I’m not attempting to be a fear-mongerer.  Please know I’m no prophet or guru, just a guy who looks at all the evidence he has and draws conclusions.  And if you know I’m wrong and why, please write and tell me.


First, let’s review the facts:

  1. The spill has continued, unimpeded, for two months now.
  2. No advancement has been made on actually plugging the leak.
  3. Every attempt at plugging the leak thus far has failed, and failed totally.  It’s not as if we’ve made progress and fallen just short.  We haven’t done jack.
  4. Not only have we not made any progress in plugging the leak, the estimates of how much oil is actually leaking have grown steadily to the point where the official  rate is now twelve times higher than initially released (from 5k bbl/day to 60k bbl/day) and the private estimates double the official rate (120k bbl/day).
  5. Before this, Exxon Valdez was the worst oil spill in American history.  That took months for the initial cleanup and much of the oil spilled was unrecoverable (boom operations, the bread and butter of oil cleanup, only captures 20% of spilled crude) and continues to contaminate the area, years afterward.  If current official estimates are to be believed (and they’re on the very low end of plausibility) we’ve got 15 Exxon Valdez’s already spilled in the Gulf.  The equivalent of another Exxon Valdez is spilled every four days (every two days if private estimates of leak rates are true).
  6. We’re now in hurricane season.  We’ve averaged 11 named storm systems per season for the past 53 years.
  7. Oil generally floats to the top of the water (exceptions to be explained later) which is the first liquid to be picked up by storm systems. 
  8. One quart  of oil contaminates 250,000 gallons of water.
  9. The Deepwater Horizon oil spill is located right off the Mississippi Gulf Coast.

Just considering these facts here’s what I would consider to be the expected outcome (not the worst case): first, we wouldn’t need anything more than a tropical storm (of which we can expect 11 in the geographical vicinity this year) to pick up a massive quantity of oil and rain it all over the coast to an inland distance of several hundred miles (it isn’t uncommon for hard rain from a tropical storm to reach as far north as Tennessee).  This oil will destroy all vegetation it lands on and poison any surface water and probably shallow water tables.  These water sources are what all local wildlife subsists on and the source for all city water purification I know of.  You obviously see the problem here.  I can see some of the hardier trees surviving if we get enough pure rainfall immediately following a tropical storm or hurricane drenching, but all this would do is to rinse the oil into ponds, lakes, streams, rivers, and the water table; cleaning this up would be a multiple year nightmare; recovery for the region would be measured in decades.

But that’s not all of it; here’s where I outline my “worst case” scenario.  The main reason they’re having such incredible problems capping the darn thing is not because of depth; it’s because of internal well pressure.  In the pre-drilling geological surveys a massive methane pocket was discovered coinciding with the oil deposits; this pocket is sitting at a pressure of 100,000 psi.  Current engineering technology doesn’t exist to contain something at 100,000 psi, meaning efforts to cap this puppy are useless.  The presence of this methane pocket is becoming harder to ignore as 40-70% of the emissions from the leak are now comprised of natural gas (and we’re still blowing out 60,000-120,000 barrels of oil a day).  Best estimates put the amount of methane leaking at 2,900 cubic feet for every barrel of oil spilled (with an estimated 4.5-9.0 billion cubic feet of methane leaked so far… and the dang thing is STILL in six digit psi).

The secondary concern here is the pressure and what happens if (more like when) it is discovered that the oil leak can’t actually be capped as it spews with that amount of internal force.  The primary concern is what happens if/when the methane pocket ruptures; some estimates put its size at 15-20 miles wide (at 100,000 pounds of pressure per square inch).

If the methane bubble explodes, it would create a tsunami that would wipe out anything within dozens (and possibly hundreds) of miles of the Gulf Coast in all directions (view this animation of the 2009 tsunami in Samoa and how it spread).  The tsunami in the Indian Ocean in 2004 wiped out between 150,000-300,000 people, some as far away as South Africa.  This was caused by an earthquake that shifted the ocean floor by meters.  An explosion of this size would shift the ocean floor for miles.  The Gulf is touched by the Mississippi River and opens into the Caribbean where it is exposed to the Panama Canal. 

I’ve just outlined what I think would be the worst case scenario.  So, for fairness sake, let’s turn our attention to the best case scenario.  To do that let’s assume a few things:

  1. The oil leak is capped today (a virtual impossibility, since BP’s most optimistic estimates don’t even put sufficient siphoning capability in the region until mid/late July).  Or, let’s assume the oil runs out (yet another virtual impossibility seeing how it is still spewing out of the ground at 100,000 psi; this tells us there’s quite a bit more where that came from).  But let’s assume one of these two possibilities.
  2. We’ve got the equivalent of between 15 and 30 Exxon Valdez’s that have spilled in the Gulf.  One of the inherent traits of oil is that it separates from water and rises to the top; but this inherent trait can be temporarily suspended.  Think back to grade school when one of your teachers brought in colored water and oil mixed in a two liter bottle; if you shook it hard enough you could get the two to mechanically mix and it would take a period of time for the two to separate.  That’s with the strength of a fourth grader.  One of the problems revealed in this video is that much of the oil, spewing out at 100,000 psi, is still sitting at the bottom of the Gulf and spreading outward from there.  This has severe long term implications for the fishing and shipping industries across the Gulf states.  As large a deal as other industries are made of in the Gulf States it is the Gulf itself that drives them; without a living Gulf fishing, shrimping, crabbing, oystering, and tourism are all gone.  With them goes the economic viability of the area.
  3. With immediate concern I see the possibility of a large quantity of oil being dropped across the coast as virtually unavoidable, and with it goes the large scale poisoning of flora and fauna… and there too goes the long term economic viability of the coast.

Best case?  Oil rains down within 300 miles of the Gulf Coast, poisoning flora and fauna and turning the major parts of the Gulf States into disaster areas.  Large scale evacuations will have to be made in any contaminated areas simply due to the carcinogenic risk of the oil; this will create large refugee camps outside of the immediate disaster areas and the economic ripple effect will be felt nationwide; this will obviously impact the world economic scene in a negative fashion.

That’s the best case scenario.

Worst case? The methane bubble explodes, causing a tsunami that wipes out 80% of Louisiana, Mississippi, Alabama, and Florida.  Large portions of Texas are also destroyed.  The Gulf islands and Mexico will be in the same boat.  All of the oil platforms currently drilling in the Gulf would be torn away from their moorings, creating further oil leaks that would exacerbate the problems already there.

Does all of this sound fantastic and like I’m completely off of my rocker?  I know it does to me, and I’m writing the dang article.  But I just can’t get away from the fact that this is where the trail of evidence leads me.  Three and a half million barrels of oil don’t just disappear.  A methane bubble that size at those pressures doesn’t just quit pumping.  So I’m asking someone to tell me that I’m nuts, and why.  Tell me that none of my reasoning makes sense and what the real answers are.

By Joshua S. Burnett

Email Josh at jburnett85@gmail.com

© 2010 Copyright Joshua S. Burnett - All Rights Reserved

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.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Jean
24 Jun 10, 11:57
Gulf Oil Spill-The Greatest Disaster Since The Flood?

Catholic private seers having been predicting all of the above. Prepare your soul


Fred Gerdes
24 Jun 10, 12:35
The Reasonable Case

Now by the time the well is eventually capped, a lot of oil will have been released. This is not good for the marine environment, but your concern that this oil will be translocated 300 miles inland by a rainstorm is unfounded. First, due to criminal behavior by BP, much of the oil has been treated with dispersant which prevents it from floating or coalescing. This oil will stay in the deep gulf for years, because normal removal mechanisms (bacterial decomposition) will not work well at low temperatures and oxygen levels.

Some minor and lighter crude components will float, and the lightest of these, hydrocarbons of less than about 20 carbon length, will be evaporated and transported by rain. The amount of such light hydrocarbons is pretty minor compared to the amount of rain involved in a hurricane, so the resulting inland oil impact will be minor, with some sheen on ditches, maybe some accumulated layer in larger water bodies. The odor would be unpleasant, but re-evaporation and biodegradation will make short work of the oily rain components. No massive chemical cloud of death occurs, no deforestation.

The Gulf Coast will not have to be evacuated for 300 miles inland. Some towns within 5 to 15 miles of the coast may have problems if the tidal surge brings in large amounts of tar, which is the portion of the crude remaining after the light components has been evaporated (into the rain).


Fred Gerdes
24 Jun 10, 13:03
The Reasonable Case

As to the methane bubble issue, there is a lot of methane in the formation, under pressure, but the formation pressure is not greatly higher than overburden pressure of both water and rock down to formation depth. By carrying sand towards the currently high-flow hole, the gas is creating channels in the formation which will over time increase the flow substantially, such that if the well is not capped before the sand erodes the casing to failure, it will erode a rather large, uncased, passage to the gulf floor, which will then flow for years. Other shallower wells have been lost this way in the Gulf, and they flowed for years.

This formation is thought to contain some 2.5 billion barrels of oil, so loss of the well would be a serious environmental disaster, as some 25% of that volume would likely be ejected before the formation pressure fell off. But the well itself does not increase the likelihood of the formation blowing its top and creating a sunami. More likely it decreases that hazard by relieving the formation pressure. When very large fields are produced fast, some subsidence is likely, so there is a risk, after maybe most of a billion barrels have escaped, that the formation could subside substantially. The Pelly Field in Baytown sank about 30 feet (after 25 years of production) causing serious foundation, structural, and pipeline damage for 10 miles out from the field in several directions.

Should this subsidence occur over a large area of the Gulf floor, a sunami of some magnitude would be created. However, such sudden subsidence events have been relatively rare, as the support zone spreads at the angle of repose of the mile or two of strata above the formation, thus gradual subsidence over a larger area is the normal response to removing the oil/gas and its formation pressure.


Fred Gerdes
24 Jun 10, 13:10
Who Is Responsible?

The saddest thing about the BP blowout is that our government knew the hazards of drilling in the unstable formation, and they encouraged BP to hurry completion, apparently to the extent that BP cut corners, did sloppy cementing work, and in general maximized the risks in order to complete the well and make this large quantity of oil available in time for a potential loss of Middle East oil supply which was deemed likely to occur when Israel attacks Iran's nuclear installations, scheduled for sometime this summer.


Paul
24 Jun 10, 17:10
deepwater horizon

Seen these claims too. We'll never know the truth or otherwise but it would be ironic if drowning in an oil slick became what saved us from a nuclear winter.


Susan Waigwa
28 Jun 10, 08:30
Gulf Oil Spill - The Greatest Disaster Since The Flood?

I am no expert at what you have written on the oil gusher, but I’ve been watching, and if, like me, have read the warnings to America by Dumitru Duduman, you will wonder with me whether this is not what is going to cause America to burn. If a tsunami or a powerful tornado were to happen and the oils are pushed inland, and for some reason, a lighting strikes, I believe a lot of America will burn and this could be the oil that sets aflame America. This is no accident and I believe the finger of God is right on this one. However, let us watch how things progress before we can make any conclusions, but my heart is fearful for America.

I also see this thing from an enemies point of view (I am thinking as one, though I’d never be an enemy of America, as America has brought about the freedom that most in the civilized and Christian nations enjoy). We know very well that Russia, Cuba, Iran, North Korea, Venezuela have wanted an opportunity to attack America and cause real damage to her. Will they use this as an opportunity? Will they watch as the oil continues to gush and use a submarine to light it to burn America from one side and then enter through another to kill by whatever means and also use biological weapons?

As I said, let us wait and see but my heart bleeds for Americans who are too blind to see. If I was in America, I would run for my life, though nowhere is very safe.

Have a most blessed day, now Robert, won’t you.


Morty62
29 Jun 10, 15:16
too apocalyptic

Actually, the secondary wells are nearing completion and there is a high probability that they will be able to shut down the flow with what they call the "bottom kill." There's a chance the well head could tip over and further damage the casing below and maybe even negate the "bottom kill," but so far it looks as though the plan is working. What you're going to get is a lot of environmental damage like you're seeing and a lot of economic pain. All the stuff about death clouds and so on is paranoia. You'll probably get contaminated fish for a long time and a lot of dead sea caused by the oil settling to the bottom. This is bad enough without bringing in end-of-the-world scenarios. What is happening now is plenty bad.


Matty in Florida
30 Jun 10, 15:54
Worse than Biblical - Gulf Mess For Real

I am responding to your request in your "Gulf Oil Spill - The Greatest Disaster Since The Flood?" article (http://www.marketoracle.co.uk/Article20530.html) I have a couple degrees' worth of education in Marine Studies - followed by about 20 years' more, in *real life* - so I think my general understanding of Earth Sciences and Physics can put you straight(er) than what you've either heard or imagined, in the above.

1- The Gulf methane reservoir is not going to explode. There is *no oxygen* down there for it to explode with. If otherwise, then it (and every other gas deposit like it around the world - many of which occur in active earthquake zones, no less) would be exploding all the time, as there's more than enough energy down there to get things started. Quick example: Southern California has loads of oil and gas - but when was the last time its fossil fuels exploded in a giant crater (technically, a "caldera")? Relax.

2- No hurricane or tropical storm is going to "rain oil" all over the SouthEast USA. You are confusing a hurricane with a *tornado* - called a "waterspout", when not on land - which can suck up things as large as cars. Hurricanes get their water from *evaporation*, not by sucking it up wholesale. Quick proof: If hurricanes sucked up surface seawater, then their rainfall would be salty (which, BTW would wipe out almost all plantlife about as effectively as oil would). But it's not. Put your mind completely at ease there, too.

3- The BP well cannot be capped - that's true - but that can't possibly be due to pressures that are "beyond our technology", as you heard - either your figures for the pressure are 'way off, or the materials/technology are really that good. Again, if otherwise then how could they ever control the flow from these or so many other wells like them, around the world, in the first place? It's the same pressure inside a well that's under control, as in one that's out of control. No, what's currently challenging all of them (according to the best info I've seen) is that the failure(s) is *down-hole* - so that whenever they try to apply closure at the top, the oil just rockets up *around* the pipe - which only erodes the foundation around the wellhead - so they have to back off, immediately. And in every new attempt, you hear them say they have to "see how the well responds". So far, it has responded every time with a big "F-You, I'm coming through"!

Clearly, the failure is a *long* way down-hole - such that they can't get at it, to do anything in the slightest. Not before they complete the obvious step - exactly what *best industry-safety practice* called for, in the first place: to drill a *relief well* into the bad shaft *below the point(s) of failure* and completely divert the flow. The "safety" being that the alternate well was *supposed* to be drilled right *alongside* the first one - from the very start - and at the same rate. Thus, in the event of a failure the delay is only for you to redirect the second bore into the side of the failed well, for the diversion. Again, according to the best info I've seen, they're frantically working on (at least) this relief well(s) right now - 3 months late, with another month or so to go.

Meantime, they might could *collapse* the failed well - again, 'way *down-hole*, and for a significant length of the shaft - by which the weight of *the earth itself* could be (more than) enough to plug it, for good. Consider why they had to *drill* - and drill *so far* - just to get at it, in the first place. Again, if otherwise then why don't we routinely seeing all the other high-pressure deposits around the world from time to time just naturally geysering their oil and gas straight into the sky (or the oceans) like so many grimy Old Faithfuls?

Again, the latter would have zero chance of causing a continental-scale natural gas detonation - but I would worry significantly about triggering an earthquake on one of the nearby fault zones - including the New Madrid fault zone, up the Mississippi. The latter could produce a big one - people would be killed, and a lot more property destroyed - but nothing like your Methane Armageddon fantasy.

In any case, you're also right about the Gulf. It's already killed - between the oil and all that shit they dumped on it - and we will be treated to the horror of watching it die, creature by creature, cancer by cancer, never to revive - at least, certainly not in our lifetimes.

So, while you need not be terrified, you *should* be horrified - we *all* should - not because of the apocalyptic holocausts you heard/imagined, but because of the *real governments and corporations* which - if allowed to continue on, "too big to fail" - will surely make good on these, ultimate threats against our lives and wellbeing.

I recommend you ponder and have nightmares about *that* - and think what we need to do *about that*, sir.

Semper Fi,

-Matty in Florida


Bob Wright
02 Jul 10, 13:37
BP fix

BP is trying to cap the leak by plugging it but you can't simply build something around it or even drop a cone over it. There's just too much pressure. What they need to do is simply take a hollow 30ft long, 1 ft thick cylindrical steel drum and attach it to the seafloor around the oil leak. This way there's no psi attacking the drum or anchoring process. Once it's suffiently anchored, it's top will close like a space hatch.

Done! Total cost, $20 million.


Josh Burnett
05 Jul 10, 00:10
Follow up

Follow up article is here: http://www.marketoracle.co.uk/Article20818.html


Tom
10 Jul 10, 15:21
Methane

On the subject of the methane exploding. All the talk of no ignition source underwater is not relevant. There was never a statement regarding combustion. Explosions do not necessarily require ignition. Classic example. A dry ice bomb.

Here is the explosive potential. We all heard of ice formation on the well head while they were trying to plug it. If you study even basic oceanography, you will learn that deep water does not freeze and is very stable. so what is the ice forming.... Methane. The potential for explosion is seawater rushing into a large trapped section of frozen methane and exploding do to temperature differential. Dry Ice Bomb...


Frank TIllman
10 Jul 10, 17:04
Ixtoc

One word "Ixtoc" look it up


Shelby Moore (author of "End Game, Gold Investors Destroyed")
16 Jul 10, 19:08
BP is lying about well being capped?

http://www.youtube.com/watch?v=scl2dgK_-Nw

And someone needs to tell Denninger:

http://market-ticker.org/archives/2511-Oil-Spew-Update-Wheres-The-Doom.html


uknown
10 Oct 11, 20:05
Greatest Disaster since the flood

In my opinion, The greatest disaster on earth is the explosion of human population ...


Post Comment

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

6 Critical Money Making Rules