Gulf Oil Spill and Seafood Safety Government Panel, House Committee Energy & Commerce, Energy and Environment, August 19, 2010: Continue reading
See Also: (ATS) – *UPDATE* BP has NEVER shown us the main leak! Until now… – View More Here
Also: (KurtNimmo) – Obama’s Fairy Tale: Feds in Charge of Oil Disaster Response – Read More Here
(AlterNet) – It’s been 37 days since BP’s offshore oil rig, Deepwater Horizon, exploded in the Gulf of Mexico. Since then, crude oil has been hemorrhaging into ocean waters and wreaking unknown havoc on our ecosystem — unknown because there is no accurate estimate of how many barrels of oil are contaminating the Gulf.
Though BP officially admits to only a few thousand barrels spilled each day, expert estimates peg the damage at 60,000 barrels or over 2.5 million gallons daily. (Perhaps we’d know more if BP hadn’t barred independent engineers from inspecting the breach.) Measures to quell the gusher have proved lackluster at best, and unlike the country’s last big oil spill — Exxon-Valdez in 1989 — the oil is coming from the ground, not a tanker, so we have no idea how much more oil could continue to pollute the Gulf’s waters. Continue reading
(CNN) – BP had three indications of trouble aboard the doomed drill rig Deepwater Horizon in the hour before the April 20 explosion that sank the offshore platform, congressional investigators reported Tuesday.
Witnesses reported the well was spurting liquid and pressure tests indicated “a very large abnormality” was occurring aboard the rig, according to a memo released by the House Energy and Commerce Committee on Tuesday afternoon.
The memo summarizes preliminary findings of BP’s own investigation into the disaster, which left 11 workers dead and uncapped an undersea gusher that has spewed crude oil into the Gulf of Mexico for a month.
The well unexpectedly spouted fluid three times in the 51 minutes before the explosion and pressure on the drill pipe “unexpectedly increased” before the blast, the memo states. In addition, BP’s investigation “raised concerns about the maintenance history, modification, inspection, and testing” of blowout preventer, a critical piece of equipment that has failed to shut down the well. – Source: CNN
(AOLNews) – As you read this, the sweet crude from the gulf oil spill that is engulfing the Chandeleur Islands, the crescent chain of mangroves and sand providing the last flimsy barrier protecting southeast Louisiana from the sea, will be moving relentlessly beyond them toward the mainland.
The slick is expected to get there later this week, according to federal forecasters. Should those projections hold, the world will then get an answer to a grim question: Just how severe will the damage be? Continue reading
(OilPrice) – WMR has been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama’s 2008 presidential campaign — more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP’s liability for damage caused by what can be called a “mega-disaster.” Continue reading
(Telegraph) – Video: Gulf of Mexico oil slick hits wildlife reserve beaches
The first tentacles of the giant Gulf of Mexico oil slick have washed up on beaches that are part of a wildlife refuge off the Louisiana coast. Read More Here
(Guardian) – Shell reports record oil spillages in Nigeria
Royal Dutch Shell plc spilled nearly 14,000 tons of crude oil into the creeks of the Niger Delta last year, the company has announced, blaming thieves and militants for the environmental damage.
The amount of oil spilled by Shell’s Nigerian subsidiary was more than double the amount poured into the delta in 2008, and quadruple what was spilled in 2007 – highlighting the worsening situation the oil company faces in Nigeria. Read More Here
(Rense) – Deepwater Horizon – Capturing The Planet! – Jim Kirwan
The day has finally come for the literal confrontation with the Corporation-States of the planet. When the Deepwater-Horizon project did what it was supposed to do in order to make all that much more money for the criminals; by massively failing to bring in their well in the Gulf of Mexico-the final chapter in relations between the hostile elites and the rest of us took center stage.
“New York: In what is looming as another public-relations predicament for Goldman Sachs, the banking giant admitted that “it made a substantial financial bet against the Gulf of Mexico” one day before the sinking of an oil rig in that body of water.
The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice “Fabulous Fab” Tourre in which he bragged to a girlfriend that the firm was taking a ‘big short’ position on the Gulf. Continue reading
(LondonTimes) – President Barack Obama will today visit the Gulf of Mexico coastline threatened by the giant oil spill, as experts warn that the spill from a ruptured oil rig might be growing five times faster than previously estimated.
The oil is gushing from BP’s sunker Deepwater Horizon rig at 25,000 barrels a day and could reach 50,000 barrels a day according to the National Oceanic and Atmospheric Administration. Earlier estimates had put the leak at 5,000 barrels a day.
Professor Ian MacDonald, an ocean specialist at Florida State University, said the new estimate suggested the leak had already spread 9m gallons of heavy crude oil across the Gulf. This compares with 11m that leaked from the Exxon Valdez tanker when it hit a reef off Alaska in 1989.
Miami University researcher Hans Gruber said satellite images of the slick on Friday showed it was three time bigger than estimated, covering an area of 3,500 square miles (9,000 square kilometers), similar in size to Puerto Rico. Full article here
(LATimes) – Video: BP’s containment problem is unprecedented
The company must stop a relentless gush of oil nearly a mile below the surface, in a situation that hasn’t been dealt with before. – Video Link Here
(ABCNews) – BP Fought Safety Measures at Deepwater Oil Rigs
BP, the company that owned the Louisiana oil rig that exploded last week, spent years battling federal regulators over how many layers of safeguards would be needed to prevent a deepwater well from this type of accident. Read More Here
(LATimes) – Gulf oil spill: The Halliburton connection
Investigators delving into the possible cause of the massive gulf oil spill are focusing on the role of Houston-based Halliburton Co., the giant energy services company, which was responsible for cementing the drill into place below the water. The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week. Read More Here
(TampaBay) – Oil hits Louisiana coast, could reach Florida by Sunday
An oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast on Thursday night as fishermen rushed to scoop up shrimp and crews spread floating barriers around marshes. Read More Here
(Bloomberg) – Oil Spill’s ‘Fisheries Failure’ May Signal End of Coastal Towns – Read More Here
(RawStory) – The chemicals BP is now relying on to break up the steady flow of leaking oil from deep below the Gulf of Mexico could create a new set of environmental problems. Continue reading
(WSJ) – Venezuela and China gave a new boost to their thriving economic ties Tuesday, signing a package of agreements that advances China strategy of locking in access to the South American country’s vast oil reserves. Continue reading
(MarketWatch) – China should use the shockwaves created by the Dubai crisis as an opportunity to buy gold and oil, a senior Chinese official who helps oversee some of the nation’s biggest enterprises was quoted as saying Monday. Continue reading
(Reuters) – As Washington and Tehran began talks over Iran’s nuclear program, U.S. lawmakers approved legislation to bar foreign companies exporting gasoline to Iran from also delivering crude oil to America’s emergency petroleum stockpile. Continue reading
(Fox) – Peter Schiff discusses the future of oil on Fox Business – August 19th, 2009 Continue reading
In an August 12th CNBC interview, PhD economist Marc Faber slammed central banks: Continue reading
(PressTV) – In an attempt to force Tehran to halt its enrichment program, the US Senate has voted to put pressure on companies selling gasoline to Iran. Continue reading
It has been called the world’s second “oil war” but the only similarity between Iraq and events in the jungles of northern Peru over the past few weeks has been the mismatch of force. On one side have been police armed with automatic weapons, tear gas, helicopter gunships and armoured cars. On the other are several thousand Awajun and Wambis Indians, many of them in war paint and armed with bows and arrows, and spears. Continue reading
Admiral Mike Mullen, the chairman of the US Joint Chiefs of Staff, has said that Iran could be just a year away from developing a nuclear weapon. Continue reading
(Reuters) – Iran has sent six warships to international waters, including the Gulf of Aden, to show its ability to confront any foreign threats, its naval commander said on Monday. Continue reading
Venezuelan President Hugo Chavez said here Thursday that he has reached an agreement with Chinese counterpart Hu Jintao on a plan to boost Venezuela’s oil shipments to China to 1 million barrels per day next year. Continue reading
Examines the link between oil interests and current U.S. military interventions. It includes original footage shot over a four-month period in Iraq, Pakistan and Afghanistan as well as many interviews with a large array of personalities including Bush administration officials. Continue reading
Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. Continue reading
The endless desert of snow and ice has always been a subject for dispute among politicians, diplomats and scientists. The Arctic territory has now become a subject of a military dispute.
NATO has declared it a strategically important region. The announcement was made by NATO spokesman James Appathurai who also said a meeting with the participation of high-ranking NATO officials is to take place January 28-29 in Reykjavik, Iceland.
The military invasion of the Gaza Strip by Israeli Forces bears a direct relation to the control and ownership of strategic offshore gas reserves.
This is a war of conquest. Discovered in 2000, there are extensive gas reserves off the Gaza coastline.
British Gas (BG Group) and its partner, the Athens based Consolidated Contractors International Company (CCC) owned by Lebanon’s Sabbagh and Koury families, were granted oil and gas exploration rights in a 25 year agreement signed in November 1999 with the Palestinian Authority.
Russia has cut off all natural gas supplies to Europe via Ukraine as the dispute over supplies and prices continues.
Deliveries to Greece, Turkey, Serbia, Croatia, the Czech Republic, Slovakia, Bulgaria and Romania have halted. Continue reading
Several European countries have had their deliveries of gas through Ukraine cut off, a situation which the EU describes as “unacceptable”. Gazprom says Ukraine’s energy company has shut off a number of pipelines. Meanwhile, the head of Naftogaz has announced he is ready to resume negotiations Continue reading
MOSCOW – Russia’s gas monopoly Gazprom says it has cut all gas supplies to Ukraine after talks on a new supply deal failed.
Gazprom spokesman Igor Volobuyev says the cuts began as planned at 10 a.m. (0700GMT and 2 a.m. EST) Thursday.
A spokesman for Ukrainian gas company Naftogaz has confirmed a steady drop in supplies.
There are fears that a cutoff could lead to a replay of a January 2006 gas crisis. Continue reading
TEHRAN, Nov 15 (Reuters) – Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July. Continue reading
Investors warn liquidation of assets and deflation is temporary calm before the storm
Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs.
Johann Santer, MD at Superfund Financial Hong Kong told CNBC that he expects to see gold climb from its current position at $710 to a whopping $1500-$2000 an ounce within the next three months. Continue reading
25 Times More Than 1995 Estimate
Reston, VA – North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil. Continue reading
Gasoline prices rose to nearly $5.50 a gallon in parts of Florida on Friday when rumors of a fuel shortage spread across the state.
Motorists in Tallahassee were lined up to pay $5.49 per gallon. Continue reading
The Iraq war is many things to different people. It is called a strategic blunder and a monstrous injustice and sometimes even a patriotic mission, much to the chagrin of rational human beings. For many big companies, however, the war is something far different: a lucrative cash-cow. Continue reading
The Wall Street Journal is reporting Auto Sales Tumble, But Industry Sees Signs of Hope .
Sales of cars and light trucks fell 15.5% to 1.25 million last month, down from 1.48 million a year earlier, according to Autodata Corp. The closely watched seasonally adjusted annualized selling rate was 13.7 million vehicles, up from 12.55 million in July, but down from 16.3 million in August 2007, Autodata said. Continue reading
The presidents of Iran and Bolivia said on Tuesday they would fight against “imperialism” and strengthen ties, brushing aside U.S. concerns about improving relations between the Islamic Republic and leftist South American governments. Continue reading
Palin, the Alaska governor who was tapped last week by Sen. John McCain to be his vice-presidential running mate, met for 45 minutes Tuesday in the Minneapolis area with several leaders of the American Israel Public Affairs Committee. Also in attendance at the AIPAC meeting was U.S. Sen. Joseph Lieberman (I-Conn.), the McCain campaign’s most prominent Jewish backer. Continue reading
Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. Continue reading
Former presidential candidate Rep. Dennis Kucinich delivered one of the most passionate addresses Tuesday night. “Wake up, America. We went into Iraq for oil. The oil companies want more,” Kucinich said. “War against Iran will mean $10-a-gallon gasoline. The oil administration wants to drill more, into your wallet. Wake up, America. Weapons contractors want more. An Iran war will cost 5 to 10 trillion dollars.”
While bankers do control the issuance of credit, they cannot control themselves. Bankers are the fatal flaw in their deviously opaque system that has substituted credit for money and debt for savings. The bankers have spread their credit-based system across the world by catering to basic human needs and ambition and greed; and while human needs can be satisfied, ambition and greed cannot—and the bankers’ least of all. Continue reading
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The ongoing crisis in the Caucasus is intimately related to the strategic control over energy pipeline and transportation corridors.
There is evidence that the Georgian attack on South Ossetia on August 7 was carefully planned. High level consultations were held with US and NATO officials in the months preceding the attacks.
The attacks on South Ossetia were carried out one week after the completion of extensive US – Georgia war games (July 15-31st, 2008). They were also preceded by high level Summit meetings held under the auspices of GUAM, a US-NATO sponsored regional military alliance. Continue reading
The current conflict between Georgia and Russia provides a stark expression of the enormous tensions between the major powers. Behind the eruption of fighting over the breakaway republics of South Ossetia and Abkhazia lies growing economic and strategic rivalry between the United States and Russia, in particular for control of the vast oil and gas resources and energy pipelines of Central Asia. Continue reading