Oil Slick Stuff

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nnuut said:
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Plumes of Gulf oil spreading east on sea floor

By the CNN Wire Staff
August 17, 2010 6:06 a.m. EDT

Scientists: Oil settling on Gulf floor





STORY HIGHLIGHTS
  • NEW: Oil traces said to spread east on sea floor
  • No timeline set for bottom kill as scientists study well pressure
  • BP pledges $52 million to behavioral health support
(CNN) -- A new report set to be released Tuesday renews concerns about the long-term environmental impact of the Gulf Coast oil disaster, and efforts to permanently plug the ruptured BP oil well have been delayed again.
Researchers at the University of South Florida have concluded that oil from the Deepwater Horizon spill may have settled to the bottom of the Gulf of Mexico further east than previously suspected -- and at levels toxic to marine life.
Initial findings from a new survey of the Gulf conclude that dispersants may have sent droplets of crude to the ocean floor, where it has turned up at the bottom of an undersea canyon within 40 miles of the Florida Panhandle. The results are scheduled to be released Tuesday, but CNN obtained a summary of the initial conclusions Monday night.
Plankton and other organisms at the base of the food chain showed a "strong toxic response" to the crude, and the oil could well up onto the continental shelf and resurface later, according to researchers.
http://www.cnn.com/2010/US/08/17/gulf.oil.disaster/index.html?hpt=T2
Click to expand...
I've been reading a few articles about this new worry..Seems all the data is inconclusive and the so-called microscopic oil at the bottom may even be natural from the everyday oozing from the bottom of the gulf from over the years...Still I won't head for the kool-aid stand just yet..as I think this is more of the crisis mongers looking for something to worry about needlessly.;)
 
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This is to be expected, but should be gone within 5 years. So the currents in the deep parts of the GOM are pulling the settled oil up to the shallow areas close to the coast line? HHUUUMMM???? amazing!:suspicious:
 
With the dollar lower and inventories down, just give it a little time Price will Rise!:cool:

08/18/2010 - Updated 11:41 AM ET
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Crude falls below $74 a barrel after inventories dataU.S. reports decrease in weekly stockpiles, but prices keep at six-week lows:confused:
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell to six-week lows Wednesday, retreating after a government report showed a decrease in inventories that was still viewed as bearish for prices.[more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1B2C55DC%2DD9ED%2D4C18%2DA5BF%2DD598CC844D39%7D
 
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08/18/2010 - Updated 3:30 PM ET
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Crude ends lower but recoups some of earlier losses
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures ended lower Wednesday after a government report showed a smaller-than-expected decline in inventories, but pared some of their losses as the dollar weakened modestly and equities reversed to gains. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1B2C55DC%2DD9ED%2D4C18%2DA5BF%2DD598CC844D39%7D
 
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BP "bottom-kill" on Gulf well to be early September: Allen


Retired Coast Guard Admiral Thad Allen rides on a crew boat in the Gulf of Mexico on a trip to view "vessels of opportunity", private boats that are helping to clean up spilled oil in the Gulf of Mexico, in this July 8, 2010 file photo. REUTERS/Jeff Mason/Files

On Thursday August 19, 2010, 7:51 am EDT
WASHINGTON (Reuters) - BP Plc should be conducting the operation to finally kill its ruptured Gulf of Mexico oil well the week of September 6, the top official overseeing the spill response said on Thursday.
Retired Coast Guard Admiral Thad Allen, appearing on CNN, said under the latest timeline agreed with BP, the operation to kill the well by injecting mud and cement into the bottom through a relief well should be conducted the week after the U.S. Labor Day holiday, which is on Monday, September 6.
"In the last 40 hours we've agreed to a sequence of actions that I'm going to direct BP to take, starting with flushing out the current blow-out preventer, actually looking for material that might cause us a problem, and actually move to put a new blow-out preventer on and then do the bottom-kill," Allen said.
"This will ensure that we can withstand any pressure that may be generated," he said. "If all that lines up, we should be looking somewhere at the week after Labor Day." [more]
http://finance.yahoo.com/news/BP-bo...38.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
08/19/2010 - Updated 9:47 AM ET
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Oil futures trims some losses after dip on jobless claims
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures regained some ground Thursday to post modest losses.
Prices had opened higher but turned lower following a report showing a nine-month high for U.S. jobless claims.[more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B432F5A40%2D3475%2D4007%2DB207%2D0296FFA8B009%7D&loc=interstitialskip
 
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nnuut said:
08/19/2010 - Updated 9:47 AM ET
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Oil futures trims some losses after dip on jobless claims
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures regained some ground Thursday to post modest losses.
Prices had opened higher but turned lower following a report showing a nine-month high for U.S. jobless claims.
Click to expand...
If the Oil Rig workers could go back to work ..over 100,000 new jobs would be added to the stats.
 
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BP Begins Flushing MC252 Subsea Equipment
Thursday 19, Aug.

Under the guidance and approval of the Unified Area Command, BP has been authorized to begin flushing drilling mud and hydrocarbons from the MC252 well sealing cap and the original Deepwater Horizon Lower Marine Riser Package (LMRP) and Blow Out Preventer (BOP). [more]
http://www.rigzone.com/news/article.asp?a_id=97523&hmpn=1
 
08/19/2010 - Updated 3:09 PM ET
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Oil settles at 6-week low as economic picture worsensNatural-gas futures closes at lowest in 11 weeks
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures finished Thursday at their lowest price since July 7 as the day's round of macroeconomic reports showed the U.S. economy is poised to grow at a slower pace than earlier this year.[more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B432F5A40%2D3475%2D4007%2DB207%2D0296FFA8B009%7D
 
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08/20/2010 - Updated 11:35 AM ET
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Oil falls to fresh six-week low as equities slideNatural gas also at multiweek lows
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures declined to a six-week low Friday, as a global equities selloff extended from Asia to the U.S. and worries about the slowing pace of the global recovery lingered.[more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B067FFCFD%2D91F6%2D4E6C%2D95BE%2D183217A6A634%7D
 
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08/23/2010 - Updated 12:31 PM ET
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Oil turns lower as equities falter, dollar strengthensGasoline hovers around lowest price since February
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures continued to drop Monday as a surge in U.S. equities faded and the U.S. dollar strengthened.
Crude oil for October delivery dropped 69 cents, or 0.9%, to $73.14 a barrel on the New York Mercantile Exchange. Oil had opened higher, tracking stocks as optimism about merger activity pushed equities up and fueled hopes for higher oil demand.
Oil has tracked stocks in recent months, as the stock market performs as a barometer for improved sentiment about economic conditions. [more]
http://markets.usatoday.com/custom/...S&guid={B0DAB1D1-20D5-49E2-B8FF-EBF60568B2E7}
 
08/24/2010 - Updated 8:49 AM ET
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Crude-oil futures slip as U.S. dollar climbs
By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell below $72 a barrel Tuesday as the commodity continued the recent trend of tracking equities.
"Concerns over the strength of the global recovery, combined with a stronger dollar, have placed downward pressure on oil," noted analysts at Action Economics. [more]
http://markets.usatoday.com/custom/...-4F51-A486-2C5F5317446F}&loc=interstitialskip
 
08/24/2010 - Updated 10:38 AM ET

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Crude-oil futures slips further after housing dataGasoline trades at eight-month low
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell more than 1% Tuesday, wading deeper into the red after a gauge of the housing market showed its largest one-month drop ever. [more]
http://markets.usatoday.com/custom/...S&guid={83616EF8-6886-4F51-A486-2C5F5317446F}
 
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