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Subject: RE: BS: off shore oil rig spill and more From: Donuel Date: 04 Jun 10 - 11:23 PM make that "I have TWO ten gallon tanks..." |
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Subject: RE: BS: off shore oil rig spill and more From: Donuel Date: 04 Jun 10 - 11:41 PM Mouse kidnapper, The circumcision ran into a snag and they had to finish the job with giant scissors. BTW The tefillin always reminded me of a miniature Ka'ba (the holy stone in Mecca). I outlined a story about the Ka'ba in which a smill hypercube resided deep within the Ka'ba that is so bewilering that it is kept out of sight for reasons which include preserving the sanity of onlookers. Of course the scenes that included Muhammed would only lead to death threats from the Islamic versions of our racist tea party militias. |
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Subject: RE: BS: off shore oil rig spill and more From: mousethief Date: 05 Jun 10 - 12:34 AM The circumcision ran into a snag and they had to finish the job with giant scissors. It was the bris they could do. |
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Subject: RE: BS: off shore oil rig spill and more From: Ebbie Date: 05 Jun 10 - 11:47 AM An oil-warmed Gulf of Mexico is an interesting conjecture, Donuel. You may well be right. But since oil calms water, do you suppose that will/could have an effect on storms? |
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Subject: RE: BS: off shore oil rig spill and more From: Amos Date: 05 Jun 10 - 11:48 AM t was the bris they could do. SOmebody slipped them a hot tip, obviously. A |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 05 Jun 10 - 01:26 PM Refined motor oil has a limited number of constituents, much of the original material has been removed for other uses. The much more homogeneous refined product would tend to spread much more evenly than most crude oils. Gaseous hydrocarbons, heavy hydrocarbons, and other constituents like sulfur compounds have been removed. Refined oils often have added constituents to make them flow more easily, and to help them keep their lubricating properties at elevated temperatures. Note the clumpy mess on the beaches, which is the heavier part of the crude- the gas is widely dispersed in the water, and the lighter, more fluid elements are partly separated from the heavy when diluted in water. Crude oils are often rich in sulfur (as hydrogen sulfide, etc.), which are not only extremely toxic to life but chemically combine with other elements in the water. Much commercial sulfur is a byproduct of oil production, recovered in the refining process. I don't know the composition of the particular crude that is gushing into the Gulf, only that it is rich in gaseous hydrocarbons. I suspect that it is rich in sulfur but I don't know if that is correct. If anyone runs across its specific composition in some article, please post. The gusher is in the northern Gulf, the Gulf to the south (Mexican control) is likely to be little affected since currents tend to take northern Gulf waters toward Florida and out into the Gulf Stream. If the crude oil is sufficient to cause warming in the northern Gulf, the southern part would remain cooler. Dispersion of the crude will be uneven, so effects will vary in the northern Gulf. |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 05 Jun 10 - 01:38 PM An older online report, but still interesting: http://etd.lsu.edu/docs/available/etd-1113103-122552/unrestricted/Liu_thesis.pdf |
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Subject: RE: BS: off shore oil rig spill and more From: gnu Date: 05 Jun 10 - 02:23 PM Q... Gulf Stream... that does not bode well for the Eastern Seaboard of NA nor for the British Isles nor for beyond. |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 05 Jun 10 - 04:14 PM An interesting read: http://books.nap.edu/catalog.php?record_id=10388 |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 06 Jun 10 - 10:20 AM An interesting perspective on the global environmental impact of oil: http://thechronicleherald.ca/NovaScotian/1185995.html |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 06 Jun 10 - 02:54 PM The article in Bruce has a number of errors. The U. S gets ca. 18 percent of its oil from Nigeria, not 40 percent. U. S. imports in order: Canada- 2020 Saudi Arabia- 1149 Mexico- 1086 Venezuela- 984 Nigeria- 939 At last count, 19 international companies operate in Nigeria. Oil provides 80 percent of Nigeria's federal income, and 90 percent of its foreign exchange. The Nigerian National Petroleum Corporation is the major holder in all operations- of the 19 internationals operating in the Delta, the largest are Shell, Mobil*, Chevron, Elf, the Nigerian companies AGIP and AENR, and BP. * Now Exxon-Mobil. Corruption, sabotage and threats to oil company personnel, largely due to Nigeria's failure to properly distribute oil revenues, are major factors in the Delta mess. |
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Subject: RE: BS: off shore oil rig spill and more From: gnu Date: 06 Jun 10 - 03:06 PM Hopeful to see the progress... capturing 10k barrels per day now I think. |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 06 Jun 10 - 06:26 PM "Nigeria's oil supply to US assumes a higher level as she out-stages Saudi Arabia. While the consumption of petroleum-based products in the United States (U.S.) is flat, Nigeria's ranking on the international oil supply chart to the U.S. has grown. A monthly data on the origins of crude oil imports into the U.S., based on February 2010 figures, which is the most recent estimate available to the U.S. government, shows that Nigeria is the fourth top oil supplier of the U.S., now ahead of Saudi Arabia, by the end of February this year. According to the Energy Information Administration (EIA), Nigeria is among the top five oil suppliers to the U.S. and "the top five exporting countries accounted for 64 per cent of United States crude oil imports in February while the top 10 sources accounted for approximately 85 per cent of all U.S. crude oil imports." The EIA listed the top five sources of U.S. crude oil imports for February as Canada with 1.897 million barrels per day (mbpd) to the U.S.; Mexico (0.996 mbpd), Venezuela (0.913 mbpd), Nigeria (0.896 mbpd), and Saudi Arabia (0.881 mbpd)". Source: http://emnnews.com/business_finance/finace/nigerias-oil-supply-to-us-assumes-a-higher-level-as-she-out-stages-saudi-arabia/ |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 06 Jun 10 - 08:28 PM The figures I gave are the March 2010 figures from EIA; they vary month to month depending on many factors. http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html "March 2010 Import Highlights: May 27, 2010" Monthly data on the origins of crude oil imports in March 2010 has been released and it shows that three countries exported more than 1.00 million barrels per day to the United States (see table). The top five exporting countries accounted for 66 percent of the United Staters crude imports in March while the top ten sources accounted for approximately 86 percent of all U. S. Crude imports. Total imports (includes refined product) were Canada, 2.517 million, Mexico 1.265, Saudi Arabia 1.149, Venezuela 1.061 and Nigeria 0.962. Looked at another way (July figures), U.S. crude oil production- 4.950 million bbl/day U. S. Crude Oil imports- 9.783 U. S. Petroleum Product Imports- 3.132 Dependence on Net Petroleum Imports- 57% Texas produces 1.087 million bbl/day BP produces 654,000 bbbl/day Figures http://www.eia.doe.gov/basics/quickoil.html |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 06 Jun 10 - 08:30 PM That BP figure is for the U.S. only. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 08 Jun 10 - 01:56 PM refresh |
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Subject: RE: BS: off shore oil rig spill and more From: Donuel Date: 08 Jun 10 - 02:07 PM A reporter on the beach today stuck a thermmeter in the gooey shore oil and it read over 100 degrees. He said that the animals covered with this dark oil are vitually being cooked in the sun. |
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Subject: RE: BS: off shore oil rig spill and more From: Art Thieme Date: 08 Jun 10 - 04:01 PM Dare I suggest putting a condom on this damn thing!? Art |
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Subject: RE: BS: off shore oil rig spill and more From: Greg F. Date: 08 Jun 10 - 06:41 PM the animals covered with this dark oil are vitually being cooked in the sun . ALL RIGHT !! FREE BARBECUE !!! |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 09 Jun 10 - 10:56 PM Federal agencies Wednesday said 442 oiled birds had been collected alive; 633 were dead. The report said 50 sea turtles were collected alive, 272 dead. BP employees have been forbitten access to the media; this was expected. Adm. Allen said about 15,000 bbl. of oil were collected in the 24-hour period ending Tuesday. Much seems to be gushing into the Gulf in addition; scientists have estimates of as much as 50,000 bbl/day. Comparison with the Valdez tanker spill is being made, but this is nonsensical. Estimates are that it will take years to clean up the northern Gulf; seafood may not be safe for consumption for years. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 10 Jun 10 - 04:08 PM BP has paid out only $5000 to those directly affected but many charter boat owners and fishermen owe thousands in wages to employees and payments for equipment. Some will be on the hook for $1 million or more. They face bankruptcy if payments are not expedited, and their employees cannot pay food, rent, house payments, etc. Onshore businesses, motels, restaurants and stores of all kinds also face ruin. It probably would be illegal, but if possible BP's large assets and production revenues in the U. S. should be frozen in order to pay compensation. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 10 Jun 10 - 09:57 PM Families of the 11 rig workers who were killed and 15 others who were injured are suing BP and Transocean, the Swiss-based company that owns the drilling rig. "But getting a settlement from Transocean, the world's largest offshore drilling company, could be difficult. "The company has invoked a 19th-century American law to limit its liability to $26.76 million, a fraction of what the plaintiffs are likely to seek." "President Obama said ... that he had a "frank conversation" with congressional leaders about the fact that current federal laws are not adequate to deal with the disaster. "The White House and Congress agree on the need to update the laws..." |
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Subject: RE: BS: off shore oil rig spill and more From: Donuel Date: 11 Jun 10 - 04:27 PM This world class catastrophe is effecting people in my area in the following way. "as long as it doesn't effect my commute, its not my concern" |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 11 Jun 10 - 07:57 PM It could affect their spending, since many institutions, pensions, bank and other savings funds may have BP stock or stock of companies who support BP operations. |
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Subject: RE: BS: off shore oil rig spill and more From: Alice Date: 13 Jun 10 - 09:02 PM Here is an interesting article on how the Mississippi has helped push the oil away from the marshes. It suggests that the Army Corps of Engineers should allow more water to flow from the gates at Old River. Use Mississippi River from CNN.com, By G. Paul Kemp, Special to CNN June 13, 2010 1:25 p.m. EDT |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 14 Jun 10 - 01:42 PM Flood control has destroyed much of the flow sustaining the marshes. A long, sad story. |
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Subject: RE: BS: off shore oil rig spill and more From: Alice Date: 15 Jun 10 - 12:02 AM How BP was also connected to the bungled clean up of the EXXON Valdez: BP, running Alyeska, was in charge of containing the spill in Alaska and cleaning it up - and lied about having the equipment. Interview with Greg Palast, BP thinks they can get away with it. Here also is a report from the AP on the same subject, BP's history with the EXXON Valdez spill:CLICK "...David Pettit, who helped represent Exxon after the Alaska spill, said he knew BP was the "main player in Alyeska" even though everyone at the time was more focused on Exxon's role. "This is the same company that was drilling in 5,000 feet of water in 2010 knowing that what they had promised ... was no more likely to do any good now than it did in 1989," said Pettit, now a senior attorney at the Natural Resources Defense Council. "It's the same cleanup techniques." |
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Subject: RE: BS: off shore oil rig spill and more From: GUEST Date: 15 Jun 10 - 10:31 AM Here's a frightening suggestion that it's not possible to plug the wel... ever! The Oil Drum |
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Subject: RE: BS: off shore oil rig spill and more From: Ebbie Date: 15 Jun 10 - 11:14 AM Oh my God. He sounds like he knows what he's talking about but I hope he does not. These are interesting times. "How old were you, Daddy, when the Gulf of Mexico became mostly oil?" |
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Subject: RE: BS: off shore oil rig spill and more From: Alice Date: 15 Jun 10 - 11:52 AM I posted info earlier about Costner's company that makes an oil and water separator, and now BP has tested and bought 32 of the machines. From the AP: Also, BP spokesman Bill Salvin told The Associated Press that the company has contracted with actor Kevin Costner and Ocean Therapy Solutions to use 32 of their centrifuge machines that are designed to separate oil from water. "We recognized they had potential and put them through testing, and that testing was done in shallow water and in very deep water and we were very pleased by the results," Salvin said. ----------- The skimming barges have been filled mostly with seawater and some oil, but using the centrifuge, the barges can be filled with a majority of oil combining skimming with the oil separating centrifuge. |
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Subject: RE: BS: off shore oil rig spill and more From: Ebbie Date: 15 Jun 10 - 12:04 PM Idea: Maybe the Gulf of Mexico will be the long-term source of petroleum for the Americas- and the only one needed. Of course, the quality of life along the gulf may plummet. |
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Subject: RE: BS: off shore oil rig spill and more From: Greg F. Date: 15 Jun 10 - 12:30 PM Of COURSE its possible- they wouldn't have been allowed to drill this well - and all the other thoud=sands of off-dshore wells- if they didn't have the means to correct this sort of problem. Technology Will Save Us All- if only we worship it enough. |
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Subject: RE: BS: off shore oil rig spill and more From: mousethief Date: 16 Jun 10 - 01:00 AM Perhaps we could re-route the Mississippi, Rio Grande, and other rivers to spill to the right of Florida, plug up the gap between the Yucatán and Cuba, and turn the Gulfo de México into a giant lake of oil. We could then open up all the wells, and just suck water from the shore near Biloxi. |
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Subject: RE: BS: off shore oil rig spill and more From: reggie miles Date: 16 Jun 10 - 10:49 PM I found it interesting to hear that BP was spending money purchasing the rights to control specific search terms on major search engines on the web. I guess, since they know that things are going from bad to worse, they'd like to control exactly what info is being released in order to spin it in the way they wish. This is not unlike what the head of marketing for the NW Folklife Festival was trying to do, when I began posting publicly about their misdeeds. She wanted to take the discussion out of the public forum (off the web) and into a private meeting. No one wants public attention and scrutiny to be drawn to them, especially when they are at risk of being shown to actually be at fault for their misdeeds. There's A Hole In The Bottom Of The Gulf by Reggie Miles © 2010 There's a hole in the bottom of the Gulf There's a hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf Oil is flyin' from the hole in the bottom of the Gulf Oil is flyin' from the hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf The ecosystem's dyin' in the oil that's flyin' from the hole in the bottom of the Gulf The ecosystem's dyin' in the oil that's flyin' from the hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf Fishermen are cryin', and the ecosystem's dyin', in the oil that's flyin' from the hole in the bottom of the Gulf Fishermen are cryin', and the ecosystem's dyin', in the oil that's flyin' from the hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf BP keeps lyin', while the fishermen are cryin' and the ecosystem's dyin' in the oil that's flyin' from the hole in the bottom of the Gulf BP keeps lyin', while the fishermen are cryin' and the ecosystem's dyin' in the oil that's flyin' from the hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf Me I'm just tryin', tryin' to keep from sighin', while BP keeps a lyin', the fishermen are cryin' and the ecosystem dyin', in the oil that's flyin' from the hole in the bottom of the Gulf Me I'm just tryin', tryin' to keep from sighin', while BP keeps a lyin', the fishermen are cryin' and the ecosystem's dyin', in the oil that's flyin' from the hole in the bottom of the Gulf There's a hole, there's a hole There's a hole in the bottom of the Gulf |
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Subject: RE: BS: off shore oil rig spill and more From: Arthur_itus Date: 17 Jun 10 - 05:49 AM Blimey this song seems appropriate. Almost like history repeating itself in a funny sort of way. :-) http://www.youtube.com/watch?v=umcEYz9LJm8 |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 17 Jun 10 - 08:54 AM Maybe these news articles have been posted befopre, But, I will post in case it wasn't. Deepwater spills and short attention spans: http://www.reuters.com/article/idUSTRE65D3Z220100614 WHOI joins consortium to study, minimize effects of Gulf Oil spill: http://www.physorg.com/wire-news/37988031/whoi-joins-consortium-to-study-minimize-effects-of-gulf-oil-spil.html |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 17 Jun 10 - 08:56 AM Sea creatures flee oil spill, gather near shore: http://www.physorg.com/news195978510.html |
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Subject: RE: BS: off shore oil rig spill and more From: Charley Noble Date: 17 Jun 10 - 09:06 AM Well, a $20 billion escrow account, paid for by BP, for clean-up and related expenses does address the financial aspects of the spill and its impact. BP should still be penalized for their reckless conduct in how this well was drilled. And, as I've posted in a related thread, it seems appropriate to me to march the BP executives down to the shore of the Gulf and pitch them into the oily waters, to sink or swim as they may. Charley Noble |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 17 Jun 10 - 02:02 PM The $20 billion may cover initial claims, but will be insufficient (NY Times opinion). If the flow is 60,000 bbl/day, over the 60 days,that is 3,600,000 bbl. (41 gallons/US oil barrel) so far. By mid-August (if all goes well!) a relief well will intersect the flow. That's another 60 days, so about 7.2 million barrels. The Mexican gusher did not attract the attention of Americans to a great extent because effects on Texas areas of the Gulf were only moderate. The BP Macondo gusher affects millions of Americans directly. Two relief wells took many months to stop the Mexican flow, and both water depth and sediment depth were less. The BP well also encountered a formation where the gas pressure is high, moreover the volume of gas relative to liquid petroleum is high. Tony Hayward's testimony at the Congressional hearing had much of an "I don't know" and the "investigation is incomplete" flavor, although some 59 days have passed since the blowout- Nonsense! |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 17 Jun 10 - 04:04 PM "The Mexican gusher did not attract the attention of Americans to a great extent because effects on Texas areas of the Gulf were only moderate. The BP Macondo gusher affects millions of Americans directly" I can understand if USA media, and possible USA citizens are mostly interested in major environmental stories (for example, oil spills)if they directly effects USA citizens, interests, or USA waters and coasts. But, I am puzzled that the "Mexican gusher" did not attract the attention of world interests, environmentalists and media the world over? It was an oil spill that was close to this one in volume (could be greater, and lasted nine months, plus). At a minimum, as the news story indicates, it could have provided a warning signal. And, this is not even suggesting a double environmental standard....one for first economic tier countries and lesser so for the lower tiers. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 17 Jun 10 - 09:07 PM The Pemex gusher ended with about 3 million barrels spilled (Wiki, I have not checked for more reliable information); about equal to the amount so far (guessing about 50000 bbl/day) from BP Macondo, and which will be some 7 million barrels if the offset wells are sucessful in August. Yes, I agree, there were several warning signals from the Mexican well (and from Anadarko and other deep wells more closely related to the BP well); the blowout preventer failed at the Mexican well among other things. Tony Hayward has admitted that blowout preventers need re-design (yet the base of the well was not properly secured- obvious carelessness by BP); the Macondo situation is orders of magnitude greater than the Mexican well. Little is known about the formations below the deep salt layers although seismic gives enough data to identify some high spots- should have been a red flag here, as these highs often have high gas pressure. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 18 Jun 10 - 12:16 AM A subsurface section, much simplified, showing the deepwater play beneath the salt layers is illustrated in this article, which outlines the great size of the prospective fields. The article is generalized, but I no longer subscribe to the technical journals that would contain more detail. Prospectivity of the Ultra-Deepwater Gulf of Mexico, Anderson and Boulanger, Lamont-Doherty Earth Observatory, Columbia University. Some of the difficulties in designing drilling for this realm are discussed. http://leanenergy.Ideo.columbia.edu/docs/UltraDeep%20Prosp%2010-22-02.pdf |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 18 Jun 10 - 12:23 AM Ultra Deepwater Gulf Scroll through the article to Figure 14. There are faults in the stratigraphic section, and deep earthquakes are known, one 3 years ago magnitude 5.1. Some have speculated that there is a connection to the fault that produced the great Mexico, Missouri, quake of the 19th C. |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 18 Jun 10 - 12:28 AM OK, just google the title of the article. |
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Subject: RE: BS: off shore oil rig spill and more From: beardedbruce Date: 18 Jun 10 - 04:22 AM Somebody want to tell me again how Bush didn't do enough to help in Katrina? At least his administration did not STOP the local efforts! "BP Oil Spill: Against Gov. Jindal's Wishes, Crude-Sucking Barges Stopped by Coast Guard 59 Days Into Oil Crisis, Gulf Coast Governors Say Feds Are Failing Them 450 comments By DAVID MUIR and BRADLEY BLACKBURN June 17, 2010 PrintRSSFont Size: Share:EmailTwitterFacebookMoreFarkTechnoratiGoogleLiveMy SpaceNewsvineRedditDeliciousMixxYahooEight days ago, Louisiana Gov. Bobby Jindal ordered barges to begin vacuuming crude oil out of his state's oil-soaked waters. Today, against the governor's wishes, those barges sat idle, even as more oil flowed toward the Louisiana shore. Louisiana Governor Jindal frustrated over decision-making red tape. "It's the most frustrating thing," the Republican governor said today in Buras, La. "Literally, yesterday morning we found out that they were halting all of these barges." Watch "World News" for David Muir's report from Louisiana tonight. Sixteen barges sat stationary today, although they were sucking up thousands of gallons of BP's oil as recently as Tuesday. Workers in hazmat suits and gas masks pumped the oil out of the Louisiana waters and into steel tanks. It was a homegrown idea that seemed to be effective at collecting the thick gunk. "These barges work. You've seen them work. You've seen them suck oil out of the water," said Jindal. Related WATCH: Citizens Take ChargeBP Spill: Oil Thicker Than Ever on ShoreBP CEO: 'I Fully Grasp the Terrible Reality' Coast Guard Orders Barges to Stop So why stop now? "The Coast Guard came and shut them down," Jindal said. "You got men on the barges in the oil, and they have been told by the Coast Guard, 'Cease and desist. Stop sucking up that oil.'" A Coast Guard representative told ABC News today that it shares the same goal as the governor. "We are all in this together. The enemy is the oil," said Coast Guard Lt. Cmdr. Dan Lauer. But the Coast Guard ordered the stoppage because of reasons that Jindal found frustrating. The Coast Guard needed to confirm that there were fire extinguishers and life vests on board, and then it had trouble contacting the people who built the barges. Louisiana Governor Couldn't Overrule Coast Guard The governor said he didn't have the authority to overrule the Coast Guard's decision, though he said he tried to reach the White House to raise his concerns. "They promised us they were going to get it done as quickly as possible," he said. But "every time you talk to someone different at the Coast Guard, you get a different answer." After Jindal strenuously made his case, the barges finally got the go-ahead today to return to the Gulf and get back to work, after more than 24 hours of sitting idle. more |
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Subject: RE: BS: off shore oil rig spill and more From: Greg F. Date: 18 Jun 10 - 09:22 AM Dear God, BB- on what planet do you actually spend most of your time? |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 18 Jun 10 - 01:38 PM Now just what was wrong with the stoppage to check out safety on the barges? Toxic crude oil, fire hazard, sick volunteers, suits against Louisiana and the US government for illness or death. |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 18 Jun 10 - 03:19 PM BP CEO Hayward has his role reduced in oil spill http://www.ctv.ca/CTVNews/World/20100618/bp-hayward-100618/ |
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Subject: RE: BS: off shore oil rig spill and more From: Q (Frank Staplin) Date: 18 Jun 10 - 05:00 PM President Medvedev of Russia, discussing the costs to BP, wondered "Whether the company can digest these expenditures, whether they will lead to the annihilation of the company or its break up is a matter of expediency." (raising specter of TNK-BP sale?). http://newsBBC.co.uk, Friday news. Asset Sale: BP has agreed to pay $5 billion into the compensation fund this year, followed by quarterly payments of $1.25 billion until the total of $20 billion is paid. BP also said that it will be selling about $10 billion of "non-core" assets to raise cash, in addition to canceling dividends this year. Speculation is that their Russian assets (TNK-BP) of $16-18 billion might go up for sale, but at a discount. Also from BBC News Admiral Allen said about 25,000 bbls. were recovered on Thursday, compared with the 35-60,000 bbls flowing daily. Tony Hayward's reduced role (Ed T, above), and replacement by Managing Director Robert Dudley as handler of the oil spill, takes Hayward out of the spotlight. |
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Subject: RE: BS: off shore oil rig spill and more From: Ed T Date: 18 Jun 10 - 06:11 PM "Speculation is that their Russian assets (TNK-BP) of $16-18 billion might go up for sale, but at a discount". Who has the cash and the need? Maybe China? |
