BP And Obama Benefit From Oil Leak Continuing

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  • mrhtbd

    BP And Obama Benefit From Oil Leak Continuing

    When is President Obama going to deal with the real pollution? How much longer can he essentially ignore the oil spewing into the Gulf of Mexico? How many times can he repeat the scientific falsehood about carbon pollution causing global warming? The Intergovernmental Panel on Climate Change (IPCC) says CO2 is the cause not carbon. An increase in atmosphere carbon would result in cooling.

    Carbon from incomplete combustion of hydrocarbons is called soot and that blocks sunlight. CO2 is not a pollutant but a natural gas essential to life. In a speech to Congress Obama linked the falsehood with his goal. He asked them “to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.”

    BP and the Obama administration have no interest in stemming the oil leak because it provides opportunities for their objectives. If they consider the leak serious as they profess they would focus all efforts to stop the flow. Direct some attention to restricting the spread of oil, but only after all effort is made to stop it at source.

    BP’s Amateur Inadequate Attempts At Stopping Leaks
    Solutions to stop the flow are readily available yet they insist the only solution is a relief well that won’t be ready until mid-August - with no


    guarantee. One amateurish effort after another fails because of problems well known in the industry or to those familiar with deep-water conditions. The dome designed to cover the well with a capacity to pump oil to the surface was completely inadequate. It quickly clogged as methane crystals formed.

    Methane crystal formation is well known and alleviated by heat. Why wasn’t adequate heat provided? Apparently the dome was designed for a flow of 5000 barrels a day (bd), which is a good estimate because flow rate is critical to the operation and profitability of a well. Increase in flow to an estimated 50,000 bd is not surprising and not necessarily due to early deception by BP. Once the well casing and concrete containment were bypassed the force of the emerging liquid eroded and increased the vent thus increasing flow. (Source)

    If the small dome is a standard technique why wasn’t a much larger dome used then or since? This could include inverting an oil barge large enough to hold a day’s flow with vents in the top.

    They tried to cut the wellhead pipe and place a connector over it with little success. Why wasn’t a submersible sent down? Humans operating at depth must be better than remote operation from a surface ship.

    Why haven’t they attempted to stop the leak with nuclear explosions as experts recommend and the Russians have used.

    If nuclear is considered too risky why not regular dynamite as other experts suggest?

    Assistance offered by other countries and private citizens are either deliberately turned away or effectively ignored. The Biloxi Sun Herald reported on June 27, 2010 “No skimmers in sight as oil floods into Mississippi waters.” But this is just one part of a wider failure. “The single truth that has come out of this calamity is how woefully unprepared the oil industry and U.S. government have been in dealing with the oil spill.”

    Obama’s administration has done nothing to improve the situation while acting to make it worse by stopping all drilling for six months. Louisiana Governor Bobby Jindal, frustrated by the Federal failures, was at the front line showing true leadership.

    Benefits of Failure For BP, Obama And Friends
    The level of incompetence displayed by BP and the Federal government in dealing with the spill goes beyond incompetence.

    There was incompetence but on such a massive scale it was clearly aided and abetted by deliberate strategies. But why would they do this? What do they expect to gain?

    Obama’s administration provided billions of dollars to Petrobras the state owned Oil Company of Brazil to help them develop deep water offshore drilling. Meanwhile he has put a moratorium on US drilling and plans to fight a court order against the ban. As one report notes, “Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won’t allow at home.”

    That investment was in early 2009. In August 2008 “Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.” Later that year we learn, “…the stake in Petrobras…made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management.”

    Discovery of a massive oil field in Brazil’s deep water raised profit potential and demand for deep sea drilling rigs. By May 2008 Petrobras had tied up 80% of deep -water rigs. By 2009 it became a problem for Petrobras as well. “Brazil is suspending auctions of new exploration blocks until at least 2009 because the industry lacks the equipment needed to expand, Mines and Energy Minister Edison Lobao said today in an interview.”

    The affiliations between Soros and Obama are well documented. So is Soros’ support of many left wing organizations such as Moveon.org. The hypocrisy of these people protesting fossil fuels while making millions from them is typical.

    BP benefits from limits on Gulf drilling and regulations because they will move their oil operations to other less regulated countries. Robert Heilbroner saw multinationals as a form of parasitic state that would lead to a progressive erosion of national sovereignty.

    If they didn’t like the rules of one state they move to a more favorable opportunity. BP is happy to move to more profitable and less restrictive regions.

    They also plan to expand their “green energy” business. As their web page states, “BP, one of the world’s largest integrated energy companies, is looking beyond traditional energy choices….With over 35 years of experience and installations in over 160 countries, BP Solar is one of the world’s largest solar companies.” “To date BP Solar’s modules installed worldwide will offset more than 14 million metric tons of CO2 during their lifetime.”

    BP is perfectly poised to reap the benefits of the massively subsidized renewable energies Obama urged Congress to support by legislating against carbon pollution. No wonder Obama didn’t call BP CEO Tony Hayward and urge he stop the oil flow. They had nothing to say, they are both using the oil spill to advance political and economic agendas. There is no other explanation for their incompetence that is so egregious it can only be premeditated.

  • HOTROCKS
    Registered User
    • Feb 2009
    • 1275

    #2
    I think it is a way to lower the stocks prices so they can gobble them up at a lower cost.
    Deus unus me iudicare potest




    Hot Rocks aka HIGH12 is A true American Psycho!

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