3:31 pm on 05/26/10
Mr. Knowles,
Glad to say, good MMS visit.
I just got some interesting info from MMS, we were talking about the BP situation and like we figured, there was a good reason for all the BP executives on the rig. 1. BP had found the pay zone, ran the casing, & cemented the well. They were incredibly close to turning it over for production. 2. BP was just about to announce to the word that they just made the biggest find in U.S. history
Hold onto your socks for this one!
A 100 million bbl field that would produce 18,000 bbls of crude a day. Unheard of in The Gulf and incredibly scary if they don’t get it plugged prior to the relief well being drilled.
The deep water acoustic system everyone has been talking about – It is an old tech system that is rarely ever used anymore due to constant failures. There is only one deep water rig using it right now in the U.S. and it isn’t even operational.
And Mr. David from LA, according to MMS, the Deep Water Horizon was in U.S. waters and did fall under all the same jurisdictions each and every other rig in the Gulf does. In fact, he said there isn’t a single rig in the Gulf that doesn’t fall under their jurisdiction except those in shallow Texas waters, they fall under (Believe it or not) The Texas Railroad Commission.
Daniel_Plainview wrote:Current feed showing four gushers.
For years, the company has been in the EPA's debarment attorneys' crosshairs, but the goverment has so far declined to act. The latest disaster might finally change that.
"Days ago, in an unannounced move, the EPA suspended negotiations with the petroleum giant over whether it would be barred from federal contracts because of the environmental crimes it committed before the spill in the Gulf of Mexico," Lustgarten reports.
Those crimes, which Lustgarten has written about extensively, include:
--a massive explosion in Texas in 2005 that killed 15 workers and injured 170, in which the company pleaded guilty to felony charges and was fined more than $50 million.
--a leak in Prudhoe Bay that caused 4,800 barrels of oil to leak in Alaska due to what Congress found was company negligence, deliberately ignoring warnings to check the pipeline, and cost-cutting that led to safety violations.
--a case settled with the Justice Department for manipulating propane prices.
bcole wrote:The Gulf Catastrophe could have been avoided if the US were growing algae. Algae is renewable, does not affect the food channel and consumes CO2. No explosions, no fires, no deaths and no environmental problems. What's wrong with that???
Algae has been researched in US universities for over 35 years. It's time to move it out of the lab and go into commercial-scale production. Algaepreneurs are starting to build commercial-scale plants throughout the US using all off-the-shelf existing technologies. More algae production plants are coming online. Algae is one solution to get the US off of foreign oil and create new jobs right here in the US. The algae industry is being built today by Americans who all want to get off foreign oil.
basil_hayden wrote:Volume's a WAG anyway, since it changes with depth and pressure.
As this stuff rises through the water column, it's going to change volume.
Mass is the way to measure, like the Chinese do with oil.
Who cares about gallons or barrels, it's kilograms that are important here.
IslandCrow wrote:I understand the anger against BP...but wouldn't it be much better to boycott all oil use.
In our frustration at the blowout/worst enviromental disaster etc, we can lash out at BP / Obama etc...but really the problem is our own continuing use of oil and our desire for cheap oil.
wisconsin_cur wrote:I stop regularly @ a BP gas station. It is a franchise owned by a couple that have now reclaimed two rotting structures and turned them into local businesses that 1) employ local people and 2) sell local products in addition to the gas station fare. If people do not stop there they will go out of business and BP will not notice. The fine people of that community who had nothing to do with deepwater horizon will. Again, the crusaders put the inhabitants of the city to the sword for no better purpose than giving voice to their moral superiority.
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
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