Oil and natural gas drilling in U.S. waters

Sort by newest Sort by date
New debate is about requiring BP to compensate those employees and businesses who claim losses but have no documentation, because they do everything in cash. BP is asking for receipts and tax returns to document compensation requirements.

One on the fly opinion on the radio was that the USG would require BP to make a lumpsum payment to the USG and then it would be administered to payout to those impacted but not possessing proof. Right up this administration's alley.
 
That's why Birchtree is a buyer now. They do seem to have a nice dividend and a lot of revenue.
 
James48843 said:
Put a cork in it?

Nope. That won't work either. Too much pressure coming out to cork it.

But hey- I wish them good luck with that.

Let's see:

Large dome didn't work.

Small "top hat" didn't work.

"Topkill" procedure didn't work.

So now they are going to try to cut and cap.

Yah- good luck with that.

My prediction- how I envision it- (not that I want this, but this is what I think will happen)

1. Cut and cap won't work.

2. Gusher will continue to gush.

3. BP will keep trying, by cutting, crimping, stuffing, etc. Nothing will work.

4. About three months from now, maybe four months, they will finally get either the second or third well drilled, and will try to intercept the pipe several thousand feet below the sea floor. It's hitting a 14 inch pipe on an angle, from 4 miles away, and hoping that you hit it squarely the first time. Cause that's all you are gonna get.

If they get lucky then, they'll relieve enough pressure out of the pipe to be able to do the "topkill" procedure again, IF they can still do it then.

If they are not lucky, then it lasts another YEAR.

We'll see.
Click to expand...


Hey Buster- you see today's news?

AUGUST. That's what they are talking about now- it will be at least AUGUST before they have two more wells drilled, and then they hope that can relieve the pressure enough to cap this one.

BP Seeks to Divert Oil Flow Until Relief Well Is Done (Update1)

June 01, 2010, 5:13 PM EDT More From Businessweek

(Updates with hurricane strategy in seventh paragraph. For more on the Gulf of Mexico oil spill, see {EXT4 <GO>}.)

By Jim Polson

June 1 (Bloomberg) -- BP Plc said it won’t be able to stop the flow of oil from a gushing well in Gulf of Mexico until August when a relief well can be finished, and in the meantime it will divert as much of the oil as it can to surface ships.

The diversion strategy, unlike capping the flow, is subject to disruption by tropical storms and hurricanes.

The oil spill, the worst in U.S. history, so far has soiled 100 miles (161 kilometers) of coastline, brought the Gulf’s exploratory deep-water drilling to a halt, shut down more than a fourth of its fishing areas and cost BP almost
$1 billion.

Interim efforts to stop the leak, estimated by government scientists last week at 12,000 barrels to 19,000 barrels a day, are over after the failure of an attempt to stanch the flow called “top kill,” Thad Allen, the U.S. government’s national commander for the incident, said.

“We’re talking about containing the well,” Allen said. “We don’t want to restrict the pressure or flow down that well bore because I don’t think we know the condition of it after the top kill.”

BP had hoped to plug the well before today’s arrival of hurricane season in the Gulf, where warm waters can help create devastating storms. In 2005, hurricanes Katrina and Rita tore through the Gulf with winds of 170 miles per hour, toppling production platforms, setting rigs adrift and rupturing pipelines.

more: http://www.businessweek.com/news/20...-flow-until-relief-well-is-done-update1-.html
Click to expand...

So there you have it Buster. Straight from Businessweek magazine. August, at the earliest.

If you want tomorrow's news headline, Buster, just ask, and we'll post it in this thread here today on TSPTALK.

Well, maybe not tomorrow's headline. Maybe a couple of days from now headline, here today on TSPTALK.

Here's the scoop for you Buster- the next big headline isn't going to be pretty. It's going to be this-

Once they cut into the wellhead, and lop it off- the flow of oil is going to increase greatly.

Greatly.

The headline will be - "Spill worsens, will be worse for months".

You think it was bad before- just wait. When you get a clean, straight pipe flowing with no resistance, you're going to see a lot more dark oil flowing. Volume maybe double what it is today. Of black, gooey oil.

Bad, bad news.

Till August.

No Buster- it's not going to get better anytime soon. I only hope they still will be able to SEE WHAT THEY ARE DOING once the increased flow of oil clouds everything up. If the cameras are blinded by the deluge of new, higher flowing oil, then it's going to be even worse than it is now.

Sad stuff.

Bad, bad news.

Hey- as Sarah would say - how is that "drill baby drill" thingy working out for you, anyway?
 
Hey Jim..Are watching the live feed??..One of us will be eating A LOT of crow real soon...hope you're hungry....At least I'm hoping for a positive outcome from this latest effort..you are looking to prove me wrong..that is what is sad!
 
Buster, if they are able to stop the flow of oil, within the next week, I'll buy you a nice retirement dinner.

Ain't gonna happen. But I'll happily put the offer on the table.

By the way- here's some video from last week's Congressional hearings on the disaster:

http://resources.edgeboss.net/wmedia/resources/10_05_27_full.wvx

Hear from the companies directly.

I'll go watch the live feed now and see how it's going.
 
James and Buster, i'll take you both up on the offer.

that way i'll break even and one of you buys, can we make it jumbo shrimp?
 
Maybe we're looking at this from a 'wrong perspective'

'When you're smiling :)
'When you're smiling :D
'The whole world smiles with you' :toung:

So let's not get lost in this one little 'episode' and let it ruin the entire movie. Gosh folks, it's just a drop in the bucket and the ocean is very huge. The ocean is simply too big for us to damage and we've proved this over our span on Earth.

Today we need to put ourselves in the place of others -- and know that there are bound to be people in other Nations that are somehow enjoying this -- because it's US and NOT them. And I know that sounds terrible -- but it's the way of Karma -- what goes around comes around and we just have to deal with it.

So today I have decided I'm not going to let anything bog me down and I want this same freedom of happiness and a deeper sense of contentment to spread everywhere.

Well I must depart -- for others are calling -- the nurse is bringing the pills and the doctor has an injection he thinks will help me.
 
Silverbird said:
Broken saw- try again tommorow
Click to expand...

Silverbird,
I have kept up with a number of technological advancements and developments over the years and one of the biggest that stood out YEARS past was the engineering and development of 'new life forms'.

I'm totally shocked they have NOT employed this method of dealing with the oil spill. 'We' have long been able to develop new forms of life that are wholly engineered towards dealing with kind of stuff and would be million times over safer for the environment and a far better solution.

My guess is -- them using chemicals that probably make things even more toxic than the oil itself -- may be better accepted from our society than 'a life we developed'.

Well all we can do is wait for it to end. In the meantime ... have you ever considered the 'safety features' of electronic devices ???

Goodnight

 
You guys will have to make it Blackened Shrimp unless it comes from somewhere other than the Gulf or (soon) Atlantic. :sick:
 
You must log in or register to reply here.

Similar threads

FireWeatherMet
For Lower Gas Prices...Thank Ukraine
Replies
0
Views
2K
FireWeatherMet
FireWeatherMet
tsptalk
  • Article Article
TSP Talk: A bounce on Friday, plus TSP is shutting down soon
Replies
0
Views
935
tsptalk
tsptalk
NewsFeeder
Asian Stocks Advance After U.S. Rally; Oil Gains: Markets Wrap
Replies
0
Views
324
NewsFeeder
NewsFeeder
NewsFeeder
Asian Stocks Follow U.S. Shares Lower; Oil Slides: Markets Wrap
Replies
0
Views
265
NewsFeeder
NewsFeeder
NewsFeeder
U.S. Futures, Asian Stocks Head Higher; Oil Gains: Markets Wrap
Replies
0
Views
363
NewsFeeder
NewsFeeder
Back
Top