Oil Slick Stuff

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08/05/2010 - Updated 9:23 AM ET
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Oil pares loss after U.S. jobless-claims data
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By Deborah Levine, MarketWatch

NEW YORK (MarketWatch) -- Oil futures pared losses Thursday after a report showed the number of Americans applying for initial unemployment benefits climbed in the latest week, while economists had been expecting a decline.[more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BB0692A23%2DB102%2D48D3%2DAB54%2D63665A92C357%7D&loc=interstitialskip
 
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BP starts cementing Gulf oil well, shares revive



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A remotely operated robotic arm is pictured at work near the containment capping stack, in this image captured from a BP live video feed from the Gulf of Mexico August 3, 2010. REUTERS/BP/Handout

On Thursday August 5, 2010, 10:47 am
By Kristen Hays
HOUSTON (Reuters) - BP started pumping cement on Thursday into its blown-out Gulf of Mexico well as it advanced with moves to permanently kill the source of the world's worst marine oil spill.
Engineers were piping cement down into the deep-sea Macondo well after earlier injections of heavy drilling mud this week had subdued the upward pressure of its oil and gas. The well was provisionally capped in mid-July.
"The aim of the procedure is to assist with the strategy to kill and isolate the well ... This procedure will complement the upcoming relief well operation," BP said in a statement.
The so-called "static kill" from the top is due to be finished off later this month with a "bottom kill" of more mud and cement injected through a relief well that will intersect the well shaft. This is seen as the final solution to plug the oil reservoir 13,000 feet beneath the seabed. [more]
http://finance.yahoo.com/news/BP-st...15.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
08/05/2010 - Updated 11:29 AM ET
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Oil trims retreat after U.S. jobless-claims dataNatural gas reverts to losses after smaller-than-expected stockpile increase
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By Claudia Assis, MarketWatch & Deborah Levine, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil futures pared losses Thursday after a report showed the number of Americans applying for initial unemployment benefits climbed in the latest week, while economists had been expecting a decline. [more]
http://markets.usatoday.com/custom/...-48D3-AB54-63665A92C357}&loc=interstitialskip
 
Science News

Oil-Eating Microbes Give Clue To Ancient Energy Source

ScienceDaily (Sep. 11, 2008) — Microbes that break down oil and petroleum are more diverse than we thought, suggesting hydrocarbons were used as an energy source early in Earth's history, scientists heard at the Society for General Microbiology's Autumn meeting being held this week at Trinity College, Dublin. These microbes can change the composition of oil and natural gas and can even control the release of some greenhouse gases. [more]
http://www.sciencedaily.com/releases/2008/09/080909204546.htm
 
nnuut said:
Science News

Oil-Eating Microbes Give Clue To Ancient Energy Source

ScienceDaily (Sep. 11, 2008) — Microbes that break down oil and petroleum are more diverse than we thought, suggesting hydrocarbons were used as an energy source early in Earth's history, scientists heard at the Society for General Microbiology's Autumn meeting being held this week at Trinity College, Dublin. These microbes can change the composition of oil and natural gas and can even control the release of some greenhouse gases. [more]
http://www.sciencedaily.com/releases/2008/09/080909204546.htm
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Not to make light of the whole gulf oil spill and the misery it has caused everyone there...

But the naysayers are now saying the oil is not gone...but in very tiny microscopic dropplets floating around in the ocean water ....but a short sentance or two later in the same article, they say that the ocean's microbes are eating up all the remaining oil in the sea...Which is it gonna be tomorrow?:rolleyes:
 
I've become a GREAT SKEPTIC in my old age, I don't believe 10% of what I read and about 5% of what I Hear, if that!:notrust: jhothead.gif
 
BP finishes cementing damaged Gulf of Mexico oil well
"However, nearly 53m gallons (200m litres) of oil remain in Gulf waters, which is close to five times the amount of the 11m-gallon Exxon Valdez spill in 1989."
http://www.bbc.co.uk/news/world-us-canada-10883784
Includes NOAA graph of where the oil went, including the 26 percent "still at sea or on shore".
 
That's great news, now for the clean up, it won't be this easy, but it will happen.
 
Silverbird said:
BP finishes cementing damaged Gulf of Mexico oil well
"However, nearly 53m gallons (200m litres) of oil remain in Gulf waters, which is close to five times the amount of the 11m-gallon Exxon Valdez spill in 1989."
http://www.bbc.co.uk/news/world-us-canada-10883784
Includes NOAA graph of where the oil went, including the 26 percent "still at sea or on shore".
Click to expand...
53 million?:rolleyes:..well if there is that much at all, it would be a guesstimate based on what they think actully spewed and what they think they actually collected/burned or washed up on shore..so whatever the amount unaccounted for, is based on a lot of guess work... probably is already mostly degraded into microbe do-do..
 
08/06/2010 - Updated 3:34 PM ET
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Oil loses nearly 2% on the day but holds on to weekly gainNatural gas settles at three-week low
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures declined Friday, hit by a renewed bout of worries about the economy and the impact on energy demand, with losses picking up steam as the dollar came off its lows. [more]
http://markets.usatoday.com/custom/...-43D0-8C0F-156B6C0EE23D}&loc=interstitialskip
 
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