Large Sarge
9th May 2010, 12:19 PM
OIL VOLCANO & ECOSYSTEM DISASTER
◄$$$ OIL RIG OFF THE LOUISIANA COAST APPEARS TO BE LOCATED IN A EXPLOSIVES DUMPING GROUND. REPORTS STREAM IN ABOUT HIGHLY QUESTIONABLE ACTIVITY DAYS BEFORE THE EXPLOSION. INSIDE WORD TESTIFIES TO LIKELY SABOTAGE, PERHAPS BY HALLIBURTON, OR AT A MINUMUM NEGLIGENCE. $$$
The Hat Trick Letter will cover numerous angles of this historical disaster, a likely act of sabotage, but with less than direct accusatory language. British Petroleum is the principal developer of the Macondo Prospect oil field. It leased the drilling rig from Transocean Ltd. As preface, the TransOcean oil rig (called Deepwater Horizon) was located in a major dumping area used for explosives. The event has been called an accident very prematurely, in which eleven people were killed. My considered opinion was of gross negligence and possible sabotage with motive. Check the National Oceanographic & Atmospheric Admin map off the coast of Louisiana, where the oil rig was located. The NOAA map marks an explosives dump site. So a gigantic oil rig and drilling project was positioned atop old unstable explosives. Brilliant! See the NOAA map and use the zoom (CLICK HERE).
Halliburton might be implicated for sabotage or at least extreme negligence. Often called the War Machine, Halliburton has a massive corporate presence in the Gulf region. They have a long history of profiting from both war and disaster. One must wonder if they cause some disasters in order to exploit their remedy. Syndicates thrive on cash flow, which they can skim. The Huffington Post cast a pointed finger when they wrote, "Giant oil services provider Halliburton may be a primary suspect in the investigation into the oil rig explosion that has devastated the Gulf Coast, the Wall Street Journal reports. Though the investigation into the explosion that sank the Deepwater Horizon site is still in its early stages, drilling experts agree that blame probably lies with flaws in the cementing process. That is, plugging holes in the pipeline seal by pumping cement into it from the rig. Halliburton was in charge of cementing for Deepwater Horizon." The Los Angeles Times has reported that members of the USCongress have called upon Halliburton to provide all documents relating to the possibility or risk of an explosion or blowout at the Deepwater Horizon rig and the status, adequacy, quality, monitoring, and inspection of the cementing work by May 7th. Scattered reports, confirmed by Halliburton's own press release, cite its employees had worked on the final cementing approximately 20 hours prior to the incident. The buzz out of the gate was nonsense concerning the North Korean Navy torpedoing the oil rig. Maybe Halliburton disseminated that story as pure diversion. They are familiar with chapters of military disinformation techniques. See the Huffington Post article (CLICK HERE).
An oil industry professional from Houston is a good friend of a HTLetter subscriber. He shared some observations. As preface, he believes it will be a long time before the damage is repaired, while the oil spills rapidly into the ocean. It should take much longer than expected, much longer than the public is being told. Here is what he shared, with an admission of being nervous to divulge the information. He wrote, with the subscriber inquiring back at the source with bracketed comments, "(1) The supply ship that arrived before the explosions was manned by all new people, as nobody on board was from the usual crew. [I asked him to find out what the dress and appearance of these men were, like short hair cuts, military bearing. He will get back to me if he can.] (2) There were 14 explosions on the rig. [That sounds like cutting charges to me.] (3) The shut-off valve below the surface on the sea floor is controlled by hydraulic control. The panel was destroyed in the explosions. (4) He told me that the rig is also sitting on the valve assembly, to complicate the damage as well."◄$$$ THE POTENTIAL FOR RUIN OF LARGE PORTIONS OF MARINE LIFE IN THE GULF OF MEXICO IS ACUTE, THE WORST ECOLOGICAL DISASTER IN WORLD HISTORY PERHAPS. OVER A YEAR WILL BE NEEDED TO BRING THE LEAK UNDER FULL CONTROL. $$$
To call the oil spill an ecological disaster is actually an under-statement. Hundreds of thousands of barrels are being spewed into the marine ecosystem each day. Estimates widely range from 200 thousand to 1.1 million barrels of crude oil spewing into the Gulf from the extremely broad rupture point on a daily basis. Time will permit the heavy leakage of the spill to continue for weeks. Experts in the oil industry testify to how several months might pass before the leak is contained or even approached. The 5000 foot depth of the seabed where the leak is gushing crude oil makes repair extremely difficult, thus the extreme challenge to pursue solutions. Late last week, preparations were being made to place a huge metal containment box over the leak site as containment. That is like putting a big bandage and shoestring tourniquet over a gaping hemorrhage wound, but it is a start. The containment box weighs 100 tons, is four stories high, but being metal, might weaken from high underwater pressures. Its ability to operate and withstand the pressure is unknown. Optimistic estimates call for recovery of 85% of the oil spewing from what is now being called the Oil Volcano, from usage of the containment apparatus.
The potential for crude oil to pollute vast volumes of ocean water, and later ocean shore ecosystems, is enormous and acute imminently. At this point, the ecological disaster is assured to marine life, later to shorelines. Gulf of Mexico currents are in position to spread the hundreds of thousands of barrels of oil throughout the entire Gulf coast. Currents will spread the damage eastward to Florida and into the Gulf Stream in a northeastly tangent. Of the Lower 48 states, Florida has the longest coastline at 2276 miles. Its Gulfside exposure is obvious, but Atlantic side exposure is more than minimal especially in the south Gold Coast from Palm Beach to Miami. Some analysts believe that only a nuclear bomb could truly seal the rockbed, which contains cracks and fissures galore perhaps almost a mile in diameter The Lousiana coastline dips south in the upper left map corner of the map below. The movement is northward for the vast oil slick right now, the colors indicating single daily movement. While Hurricane Katrina inflicted great property damage to the Gulf coast, the BP oil slick will inflict pure ecological damage that will not easily be reversed for well over a decade.
◄$$$ BRITISH PETROLEUM HAS MANY ENEMIES EARNED IN THE PAST TWO DECADES. THE FIRM COULD BE TARGETS FOR SABOTAGE. GOLDMAN SACHS ONCE AGAIN MIGHT BE POSITIONED TO PROFIT WITH WELL PLACED BETS, AS THOUGH THEY KNEW THE DESTRUCTION WAS TO OCCUR. $$$
Being the lease owner, British Petroleum is squarely in this story. They are the oil firm that has contracted the oil rig operation. President Obama has publicly stated that BP will pay for all damages. That sounds good (grandstand maneuver) but the price tab might be over $100 billion, maybe hundreds of billion$, even $1 trillion, depending on whether marine life far offshore has any economic value, or has patrons to lodge their claim. A federal statute law declares that $75 million is the legal limit on liability. President Obama and his senior White House staff, as well as Interior Secretary Ken Salazar, are working with the CEO Tony Hayward of British Petroleum on legislation that would raise the cap on liability for damage claims from those affected by the oil disaster from $75 million to $10 billion. BP made many enemies inside Russia during the Yeltsin Era. The USGovt attempted to install a Russian puppet with Yeltsin, a maneuver that failed. Russian leader Vladmir Putin has been targeting BP and Royal Dutch Shell for years. Putin has systematically denied, reneged, and canceled BP contracts. He despises BP and has strived to wreck them. He has motive, and at least does not mind seeing BP deeply wounded. The BP participation in the summer 2004 initiative to drive down the crude oil and natural gas prices by the Goldman Sachs Commodity Index fund is well known. That too earned enemies in the Russian and Saudi lands. Motive is prevalent.
By the way, rumors persist and swirl, using produced emails from GSax VP Fabrice Tourre, that Goldman Sachs had numerous short positions in place immediately before the explosion and disaster struck. The shorts targeted key corporations with direct potential losses at stake. The Securities & Exchange Commission is supposedly investigating. In my view, the SEC needs an entire staff just to investigate GSax and JPMorgan insider trading, as well as sabotage directed trading.
◄$$$ OIL RIG OFF THE LOUISIANA COAST APPEARS TO BE LOCATED IN A EXPLOSIVES DUMPING GROUND. REPORTS STREAM IN ABOUT HIGHLY QUESTIONABLE ACTIVITY DAYS BEFORE THE EXPLOSION. INSIDE WORD TESTIFIES TO LIKELY SABOTAGE, PERHAPS BY HALLIBURTON, OR AT A MINUMUM NEGLIGENCE. $$$
The Hat Trick Letter will cover numerous angles of this historical disaster, a likely act of sabotage, but with less than direct accusatory language. British Petroleum is the principal developer of the Macondo Prospect oil field. It leased the drilling rig from Transocean Ltd. As preface, the TransOcean oil rig (called Deepwater Horizon) was located in a major dumping area used for explosives. The event has been called an accident very prematurely, in which eleven people were killed. My considered opinion was of gross negligence and possible sabotage with motive. Check the National Oceanographic & Atmospheric Admin map off the coast of Louisiana, where the oil rig was located. The NOAA map marks an explosives dump site. So a gigantic oil rig and drilling project was positioned atop old unstable explosives. Brilliant! See the NOAA map and use the zoom (CLICK HERE).
Halliburton might be implicated for sabotage or at least extreme negligence. Often called the War Machine, Halliburton has a massive corporate presence in the Gulf region. They have a long history of profiting from both war and disaster. One must wonder if they cause some disasters in order to exploit their remedy. Syndicates thrive on cash flow, which they can skim. The Huffington Post cast a pointed finger when they wrote, "Giant oil services provider Halliburton may be a primary suspect in the investigation into the oil rig explosion that has devastated the Gulf Coast, the Wall Street Journal reports. Though the investigation into the explosion that sank the Deepwater Horizon site is still in its early stages, drilling experts agree that blame probably lies with flaws in the cementing process. That is, plugging holes in the pipeline seal by pumping cement into it from the rig. Halliburton was in charge of cementing for Deepwater Horizon." The Los Angeles Times has reported that members of the USCongress have called upon Halliburton to provide all documents relating to the possibility or risk of an explosion or blowout at the Deepwater Horizon rig and the status, adequacy, quality, monitoring, and inspection of the cementing work by May 7th. Scattered reports, confirmed by Halliburton's own press release, cite its employees had worked on the final cementing approximately 20 hours prior to the incident. The buzz out of the gate was nonsense concerning the North Korean Navy torpedoing the oil rig. Maybe Halliburton disseminated that story as pure diversion. They are familiar with chapters of military disinformation techniques. See the Huffington Post article (CLICK HERE).
An oil industry professional from Houston is a good friend of a HTLetter subscriber. He shared some observations. As preface, he believes it will be a long time before the damage is repaired, while the oil spills rapidly into the ocean. It should take much longer than expected, much longer than the public is being told. Here is what he shared, with an admission of being nervous to divulge the information. He wrote, with the subscriber inquiring back at the source with bracketed comments, "(1) The supply ship that arrived before the explosions was manned by all new people, as nobody on board was from the usual crew. [I asked him to find out what the dress and appearance of these men were, like short hair cuts, military bearing. He will get back to me if he can.] (2) There were 14 explosions on the rig. [That sounds like cutting charges to me.] (3) The shut-off valve below the surface on the sea floor is controlled by hydraulic control. The panel was destroyed in the explosions. (4) He told me that the rig is also sitting on the valve assembly, to complicate the damage as well."◄$$$ THE POTENTIAL FOR RUIN OF LARGE PORTIONS OF MARINE LIFE IN THE GULF OF MEXICO IS ACUTE, THE WORST ECOLOGICAL DISASTER IN WORLD HISTORY PERHAPS. OVER A YEAR WILL BE NEEDED TO BRING THE LEAK UNDER FULL CONTROL. $$$
To call the oil spill an ecological disaster is actually an under-statement. Hundreds of thousands of barrels are being spewed into the marine ecosystem each day. Estimates widely range from 200 thousand to 1.1 million barrels of crude oil spewing into the Gulf from the extremely broad rupture point on a daily basis. Time will permit the heavy leakage of the spill to continue for weeks. Experts in the oil industry testify to how several months might pass before the leak is contained or even approached. The 5000 foot depth of the seabed where the leak is gushing crude oil makes repair extremely difficult, thus the extreme challenge to pursue solutions. Late last week, preparations were being made to place a huge metal containment box over the leak site as containment. That is like putting a big bandage and shoestring tourniquet over a gaping hemorrhage wound, but it is a start. The containment box weighs 100 tons, is four stories high, but being metal, might weaken from high underwater pressures. Its ability to operate and withstand the pressure is unknown. Optimistic estimates call for recovery of 85% of the oil spewing from what is now being called the Oil Volcano, from usage of the containment apparatus.
The potential for crude oil to pollute vast volumes of ocean water, and later ocean shore ecosystems, is enormous and acute imminently. At this point, the ecological disaster is assured to marine life, later to shorelines. Gulf of Mexico currents are in position to spread the hundreds of thousands of barrels of oil throughout the entire Gulf coast. Currents will spread the damage eastward to Florida and into the Gulf Stream in a northeastly tangent. Of the Lower 48 states, Florida has the longest coastline at 2276 miles. Its Gulfside exposure is obvious, but Atlantic side exposure is more than minimal especially in the south Gold Coast from Palm Beach to Miami. Some analysts believe that only a nuclear bomb could truly seal the rockbed, which contains cracks and fissures galore perhaps almost a mile in diameter The Lousiana coastline dips south in the upper left map corner of the map below. The movement is northward for the vast oil slick right now, the colors indicating single daily movement. While Hurricane Katrina inflicted great property damage to the Gulf coast, the BP oil slick will inflict pure ecological damage that will not easily be reversed for well over a decade.
◄$$$ BRITISH PETROLEUM HAS MANY ENEMIES EARNED IN THE PAST TWO DECADES. THE FIRM COULD BE TARGETS FOR SABOTAGE. GOLDMAN SACHS ONCE AGAIN MIGHT BE POSITIONED TO PROFIT WITH WELL PLACED BETS, AS THOUGH THEY KNEW THE DESTRUCTION WAS TO OCCUR. $$$
Being the lease owner, British Petroleum is squarely in this story. They are the oil firm that has contracted the oil rig operation. President Obama has publicly stated that BP will pay for all damages. That sounds good (grandstand maneuver) but the price tab might be over $100 billion, maybe hundreds of billion$, even $1 trillion, depending on whether marine life far offshore has any economic value, or has patrons to lodge their claim. A federal statute law declares that $75 million is the legal limit on liability. President Obama and his senior White House staff, as well as Interior Secretary Ken Salazar, are working with the CEO Tony Hayward of British Petroleum on legislation that would raise the cap on liability for damage claims from those affected by the oil disaster from $75 million to $10 billion. BP made many enemies inside Russia during the Yeltsin Era. The USGovt attempted to install a Russian puppet with Yeltsin, a maneuver that failed. Russian leader Vladmir Putin has been targeting BP and Royal Dutch Shell for years. Putin has systematically denied, reneged, and canceled BP contracts. He despises BP and has strived to wreck them. He has motive, and at least does not mind seeing BP deeply wounded. The BP participation in the summer 2004 initiative to drive down the crude oil and natural gas prices by the Goldman Sachs Commodity Index fund is well known. That too earned enemies in the Russian and Saudi lands. Motive is prevalent.
By the way, rumors persist and swirl, using produced emails from GSax VP Fabrice Tourre, that Goldman Sachs had numerous short positions in place immediately before the explosion and disaster struck. The shorts targeted key corporations with direct potential losses at stake. The Securities & Exchange Commission is supposedly investigating. In my view, the SEC needs an entire staff just to investigate GSax and JPMorgan insider trading, as well as sabotage directed trading.