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New Microbe Discovered Eating Gulf Oil Spill

By Randolph E. Schmid
Published August 24, 2010
Associated Press

WASHINGTON -- A newly discovered type of oil-eating microbe is suddenly flourishing in the Gulf of Mexico.
Scientists discovered the new microbe while studying the underwater dispersion of millions of gallons of oil spilled into the Gulf following the explosion of BP's Deepwater Horizon drilling rig.
And the microbe works without significantly depleting oxygen in the water, researchers led by Terry Hazen at Lawrence Berkeley National Laboratory in Berkeley, Calif., reported Tuesday in the online journal Sciencexpress.
"Our findings, which provide the first data ever on microbial activity from a deepwater dispersed oil plume, suggest" a great potential for bacteria to help dispose of oil plumes in the deep-sea, Hazen said in a statement.
http://www.foxnews.com/scitech/2010...overed-eating-gulf-oil-spill/?test=latestnews
 
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nnuut said:
New Microbe Discovered Eating Gulf Oil Spill

By Randolph E. Schmid
Published August 24, 2010
Associated Press

WASHINGTON -- A newly discovered type of oil-eating microbe is suddenly flourishing in the Gulf of Mexico.
Scientists discovered the new microbe while studying the underwater dispersion of millions of gallons of oil spilled into the Gulf following the explosion of BP's Deepwater Horizon drilling rig.
And the microbe works without significantly depleting oxygen in the water, researchers led by Terry Hazen at Lawrence Berkeley National Laboratory in Berkeley, Calif., reported Tuesday in the online journal Sciencexpress.
:rolleyes:
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Yes I feel the same way, but my mind wants the Oil to just go away and the Administration to OK DRILLING again where ever there is OIL! SOOOOOOooo there is a slight possibility that I may be a little over optimistic, BUT I DOUBT IT! devilavatar.gif
 
08/25/2010 - Updated 9:47 AM E
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Crude oil futures slump on economic worriesWeekly petroleum supply data awaited; API says inventories fell last week
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures fell further Wednesday after another report signaled the U.S. economy is slowing down and ahead of data expected to show rising oil supplies. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B2DBBCD84%2D2028%2D4AAD%2DA0DE%2D9C2756D35803%7D
 
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08/25/2010 - Updated 1:50 PM ET
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Oil reverses course as bargain hunters step in
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude oil futures below $71 a barrel was too much of a sale for some investors, who stepped in and brought oil to positive territory despite a surprise inventories increase and economic data that gave little hope there will be enough demand to dent the ample supplies. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B2DBBCD84%2D2028%2D4AAD%2DA0DE%2D9C2756D35803%7D
 
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Haven't seen the "bargain" spin in crude for awhile. That's an oldie but a goodie. Got nothing to do with currency action, eh?
 
With apologies to Ford's red tag clearance song
Sing it!
Buy Oil, it's bargain time, When those stocks returns don't look so good.
 
When oil is down...gas is down (sorta)..dollars in my pocket is up...
works for me..:)
(pardon the ebonics)
 
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08/26/2010 - Updated 3:22 PM ET
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Oil settles higher as jobs report helps ease economic worriesNatural-gas futures drop to 11-month low in wake of inventories report
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose Thursday after a drop in U.S. jobless claims helped offset mounting concerns about the economy, pressuring the dollar. [more]
http://markets.usatoday.com/custom/...S&guid={3EF9EB8D-C1C2-4FB4-91B7-A7A5A64998DF}
 
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Hmm.-recent indications of direction for oil prices intermediate-longer term-Sunni-Shia geopolitics

the “New War” between Sunnis and Shia. Or rather, a new phase to a very old war that’s been raging for 1,300 years.
In this context, Iran’s nuclear program is something of a sideshow. “Even if the go-ahead to build a nuke never comes from Iran’s top cleric” says Byron, “the more immediate danger is a wildfire of Shia-Sunni unrest…starting in Iran’s new hotbeds of Shia support…and spreading across the rest of the Sunni-run oil states…with the richest oil fields in the world’s richest oil nation as the final battleground.”
Byron’s worst-case scenario: Oil at $220 a barrel, and gasoline close to $8 a gallon.​
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