BP Oil Volcanoes

(NYTimes) – Scientist Awed by Size, Density of Undersea Oil Plume in Gulf

Vast underwater concentrations of oil sprawling for miles in the Gulf of Mexico from the damaged, crude-belching BP PLC well are unprecedented in “human history” and threaten to wreak havoc on marine life, a team of scientists said today, a finding confirmed for the first time by federal officials. Read More Here

(GlobalResearch) – The Gulf Spill Continues: Is Obama Powerless Against BP? – Shamus Cooke – Read More Here

(MSNBC) – Video: Has the Oil Spill Created a ‘Doomsday Effect’ for the Gulf? – Keith Olbermann

June 8: Oil and gas expert Robert Cavnar talks about the possibility of an “underground blowout” occurring beneath the ocean as a result of the oil spill. – Video Link Here

(OpenUrEyes) – Video: Massive Media Blackout in Gulf Oil Spill

openUReyes blog reports:

According to documentary film maker, James Fox, reporting from Louisiana, there is a massive media black out being perpetrated in the Gulf of Mexico BP Oil spill. While that much may have seemed obvious to many, James says that people with cameras are being threatened with arrest, and locals are seriously afraid to talk. The place is swarming with both government officials and corporate officials, and by the sounds of this interview it’s a pretty scary situation.

James Fox is a filmmaker that specializes in UFO documentaries. One of his films aired last fall on the History Channel. – Video Link Here

Video: Oil Spill Pictures – View Here

(ThomasPainesCorner) – Yes, Obama Is ‘Engaged’ – in a Colossal Crime

In a rational polity, the great abomination to Earth and Man in the Gulf would spell the end of the Obama presidency. We are witnessing cataclysm on a geological scale, an event with the potential to alter planetary destiny, precipitated not by the three hundred million year arc of wayward comets or the incremental slide of continent-molding tectonic plates, but by the routine exercise of corporate power in the United States. Read More Here

(Telegraph) – BP buys top Google search result for ‘oil spill’

The oil company, which is under fire over its role in one of the worst ecological disasters in US history, has purchased the news results in an attempt to stem the tide of criticism on internet sites such as Twitter and Facebook.

A search for the term “oil spill” on Tuesday night brought up a link to BP’s website with the tagline: “Learn more about how BP is helping.” Read More Here

(CNBC) – BP Not A Public Company By End Of Summer?

A widely regarded authority in the energy sector tells Fast Money, ““I don’t think BP [BP 30.89 -3.7875 (-10.92%) ] will last as a company for more than a matter of months.”

You read that right – not a a public company by end of summer. Read More Here

(Katu) – Photo gallery: Ripple effects of the BP oil spill – View Pics Here

(LondonTelegraph) – There’s nothing greens love more than a nice, juicy oil-spill disaster – James Delingpole

If anything is going to cause more long-term damage to the planet than the gallons of oil being spewed out by the Deepwater Horizon drilling disaster, it’s the toxic clouds of posturing cant and alarmist drivel billowing forth daily from environmentalists. Most especially from their cheerleader in the White House, Barack Obama. Read More Here

(Times) – BP accused of judge-shopping for seeking Republican judge to handle lawsuits

BP has been accused of “judge shopping” after pushing for a specific judge in Houston, Texas — the centre of America’s oil and gas industry — to handle the lawsuits against it. Read More Here

(PaulWatson) – Video: Attorney – Deepwater Horizon Managers Knew About Oil Rig Problem Before Explosion

Top Houston attorney Tony Buzbee says he has new evidence which indicates that Deepwater Horizon’s managers knew that the BP oil rig had major problems before its explosion on April 20, citing the eyewitness account of a crew member who rescued burning workers on the rig of a conversation between Deepwater Horizon installation manager Jimmy Harrell and someone in Houston. According to the witness, Harrell was screaming, “Are you fucking happy? Are you fucking happy? The rig’s on fire! I told you this was gonna happen.” Continue reading

The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested

(ZeroHedge) – It appears that this time China’s posturing is for real. Following up on our earlier post that Chinese military officials want to “punish” America by selling Treasuries, Asia Times Online is reporting that an explicit directive by the Chinese government has notified reserve managers to sell all risky US assets, including asset backed and corporates, and just hold on to explicitly guaranteed Treasuries and Agency debt. And from following TIC data we know that China’s enthusiasm for MBS/Agencies over the past year has been matched solely by that of one Bill Gross. Continue reading