wwwtractor's Account Talk

[KevinD]

She's a red X?

 

[Scrappy]

She's a red X?

http://www.beltwaytalk.com/attachment.php?attachmentid=337&d=1279768404

 

[wwwtractor]

XPRIZE Telemetry Site

 

[wwwtractor]

Federal records show steady stream of oil spills in gulf since 1964

 

[wwwtractor]

WASHINGTON — BP and other companies involved in the Gulf spill are facing more than 300 lawsuits and an expanding federal probe.

 

[wwwtractor]

The seven-judge panel, appointed by the chief justice of the U.S. Supreme Court, meets periodically in locations around the country. The judge they choose to preside over the BP cases will make crucial legal rulings on what evidence can be used and which laws applied. Oil analyst Fadel Gheit, at Oppenheimer & Co., estimated the damage from the disaster may top $60 billion.

 

[wwwtractor]

Has anyone heard anything about BP paying the government for all the extra work of all the agencies involved in the Gulf Oil Spill Project?

From President Obama speech on June 15, 2010:
<

We will make BP pay for the damage their company has caused.

And we will do whatever's necessary to help the Gulf Coast and its people recover from this tragedy. Tonight I'd like to lay out for you what our battle plan is going forward: what we're doing to clean up the oil, what we're doing to help our neighbors in the Gulf, and what we're doing to make sure that a catastrophe like this never happens again. First, the cleanup. From the very beginning of this crisis, the federal government has been in charge of the largest environmental cleanup effort in our nation's history — an effort led by Admiral Thad Allen, who has almost 40 years of experience responding to disasters. We now have nearly 30,000 personnel who are working across four states to contain and cleanup the oil. Thousands of ships and other vessels are responding in the Gulf. And I have authorized the deployment of over 17,000 National Guard members along the coast. These servicemen and women are ready to help stop the oil from coming ashore, they're ready to clean beaches, train response workers, or even help with processing claims — and I urge the governors in the affected states to activate these troops as soon as possible.
>

 

[wwwtractor]

I would like to see the BP bills for all of the men, money, and materials spent by the local, state, and federal government on this action. This has got to be in the billions of dollars.

 

[wwwtractor]

National Incident Commander Thad Allen has authorized BP to cement the Macondo oil well in the Gulf of Mexico as part of the static kill procedure, BP announced Wednesday night.

 

[Birchtree]

It's such a large reservoir won't they drill another well for production? The oil they recover could pay for all the damage caused. I bought my last position in BP at $40.16 and will continue to DCA upwards in price.

 

[wwwtractor]

Aug 5, 2010 ... Corn futures surged to 13-month high and soybeans extended a rally to the highest price since January after Russia halted grain exports

 

[wwwtractor]

BP is still deciding what to do with the remaining oil and natural gas in the reservoir, said Doug Suttles, BP’s chief operating officer for exploration and production. The company could abandon the field or sell its stake, he said.

 

[Birchtree]

Why not drill another well to reshape confidence in the industry - they know there is plenty of oil remaining. They've just drilled two relief wells without difficulty. They could take a public relations poll in the area and see what the locals think.

 

[wwwtractor]

Nine ETFs represented 18% of the total daily domestic volume for the month.

Those nine ETFs were: SPDRs (NYSE: SPY), iShares Russell 2000 Index (NYSE: IWM), PowerShares QQQ (Nasdaq: QQQQ), iShares MSCI Emerging Markets Index (NYSE: EEM), SPDR Gold Shares (NYSE: GLD), UltraShort S&P500 ProShares (NYSE: SDS), iShares MSCI EAFE Index (NYSE: EFA), Financial Select Sector SPDR (NYSE: XLF) and Direxion Daily Financial Bull 3X Shares (NYSE: FAS).

 

[wwwtractor]

I wish we had a hard money fund.

iShares Silver Trust (ETF) (Public, NYSE:SLV)

is up over 3% so far today and gold is up over 170% from 2002.

 

[wwwtractor]

To pay for the above, Congress will soon consider levying fines on BP under the Clean Water Act, which, at about 5 million barrels spilled, could start at $5 billion and go higher. Sen. Mary Landrieu has requested that 80 percent of fine revenue be returned to the affected states, which the White House has agreed to in principle but not to a specific amount.

 

[Minnow]

Happy Birthday Tractor!

 

[nnuut]

 

[nasa1974]

Happy BD!!!

 

[wwwtractor]

Thanks for the birthday wishes.