Large Sarge
28th July 2010, 03:54 PM
In the course of our investigation into the oil spill in the Gulf of Mexico, we have uncovered some startling information.
What I am about to tell you will knock you out of your seats.
this went around earlier, but now as we see lake michigan getting oiled...
There is a lot more going on in the Gulf of Mexico than the oils spill.
This administration and many other entities like BP, Citi, Nalco, GM, GE, Goldman Sachs, University of Chicago, holding companies along with Dept of Defense, Billionaires and Politicians are all vested in biofuels.
What is going on in the Gulf is directly related to this new industry.
There is an Algae these companies are interested in.
From the mouth of the Mississippi river, all along the Gulf coast and spreading down to the Everglades is prime area for growing this Algae. Crist is aware of this. He's funding it.There is a couple of other prime spots too. Chesapeake is one area and the Great Lakes is another. (Funny, we already had a Great Lakes Czar and a Chesapeake Czar.) (Now we have a Gulf Czar too!)
As you know, the oil continues to flow in the Gulf.
It looks incompetent when assessing the response to the crisis. It is not incompetence. It is intentional and willfull destruction.
They are spraying dispersants that are toxic to sea life. The dispersants hold the oil below the surface. Ask yourselves why you would want that. Wouldn't it be easier to vacuum the oil if it were floating?
They are not letting foreign tankers in to help. Even the few barges Jindal got his hands on were stalled, citing they need to be inspected to see if they carried enough life vests. They did.
They even pass the buck as to who is in charge. BP says they were in charge. O says he's in charge. The Coast Guard Admiral Thad Allen says he's in charge. They run us in circles to divert the real questions.
If you have noticed, most of their news conferences have very little to do with action response, instead focusing on claims processing.
This is not incompetence. It is an intentional strategy. They don't want to clean it up or even try to contain it.
What they are doing is in three steps.
First get rid of oil industry in Gulf.
Then turn Gulf into a dead zone. A dead zone is free of life or ability to sustain it. The oil, dispersants and fertilizers deplete oxygen. It kills animals and fish, also turning their remains into fertilizer.
Finally, use Gulf as a giant Algae farm. Algae grows on water surface, getting oxygen from air, not water. Fertilizers like Urea supply much needed nitrogen. The Mississippi and the other rivers that empty into Gulf also pick up fertilizers from the many farms along the way. This feeds the Algae at the mouths of these rivers.
The oil in the water won't hurt the Algae. It will only promote it's growth and burn factor.
Algae costs about $2. a Barrel to refine. This is potentially very profitable.
The down side is , there isn't enough Algae to sustain the demand. It takes a lot of Algae to produce a single barrel. That means they need a huge place to grow and multiply the supply of this Algae. Right now they don't have this enormous Algae farm location. They have the desire, the technology, the investments and companies all set up.They have even taken the steps to map out the plan.
That plan involves projects in the Great Lakes., Chesapeake Bay and the Gulf of Mexico.
This oil spill whether sabotage, negligence, accident or design is the perfect way to eliminate fossil fuels such as oil and to advance his biofuel agenda..
They will sacrifice the Gulf and all who live in or around it for this multi Trillion Dollar industry.
This also ties in with Carbon capture and exchange. You all know about the Chicago Carbon Exchange, Cap & Trade and even O's support of Kyoto, so I won't bore you with history.
For those who don't know details on those Bills and international climate agreements, please refer to back posts of mine, or those of others who have researched and posted.
There is a proposal to store Carbon that has been captured by industries, in the Gulf. The Carbon will enhance the Algae growth while making a fortune for companies like O's Chicago Carbon Exchange.
All the usual players as well as a few new ones are involved. There is everything from lies deceit, government stealth,to insider trading and intentional destruction going on.
My friend and research teammate has compiled a short summary. Please read this, then I will pick it up from there.
Via: Spongedocks:
Step by Step Chicago to the Gulf of Mexico
The lawsuit lists potential damage claims of about $2.5 billion to the Gulf fishing industry; $3 billion to tourism; $700 million in remediation efforts so far; $6 million a day in continuing costs and "incalculable damages to BP's reputation."
We have all heard it said, carbon is a bad thing for our environment. Where did all begin? Junk Science, Al Gore, Maurice Strong, Barack Obama, Joel Rogers, Van Jones. Bill Clinton, John Podesta, Vivek Kundra, Carl Pope, need we go on?
http://www.chicagoclimatex.com/
http://www.chicagoclimatex.com/content.jsf?id=821
http://en.wikipedia.org/wiki/Chicago_Climate_Exchange
http://www.carbonoffsetsdaily.com/news-channels/usa/obama%e2%80%99s-involvement-in-chicago-climate-exchange-the-rest-of-the-story-5581.htm
So what is the motivation of eliminating Carbon? MONEY!! Consider for a moment how wealthy these people and countless others are getting by promoting this carbon offset science and forcing alternative biomass science and technology. Frankly, determining the wealth of these people is an angry task. Yet, how do these people profit from this forced change from oil to bio-fuels? Stimulus money, see 'Bombshell Expose', insider trading, government legislation, corporate shakedowns.
Let's examine some events and people:
Okay lets chat a moment about what happened. What the well explosion due to human error, was it on purpose by a human, was it the work of military for hire groups like Xe, Blackwater, DynCorp or Triple Canopy? We will never really know. Since SAIC has full control, they know the answer, but in the end, does it matter? The well exploded. Now the question is why? Destroy big oil and American business and jobs. What will takes it place? Ah hah, glad you asked, algae. Who is behind this? Crime, Inc. which by the way is much bigger than Beck is able to report and for that matter than we can report, but we are gonna try.
British Petroleum, one of the world's largest oil producers. BP has had the most safety violations but why is that? Enter MMS, Minerals Management Service. http://www.mms.gov/ MMS is an Agency of the Department of the Interior. MMS gave many waivers to BP for this DeepWater Horizon rig, not to mention a safety award.
Why did MMS give waivers to BP? http://www.allbusiness.com/company-activities-management/company-structures-ownership/8541318-1.html Enter SAIC. http:/en.wikipedia.org/wiki/Science_Applications_International_Corporation Ok, who was head of SAIC while this agenda was being drafted and put into action? Robert Gates, you know they guy that is now the Secretary of Defense. But what qualifies Gates for this job? Hummm, good question. but why is he really on the payroll? Gates has a resume that includes: Head of SAIC,Council of Foreign Relations and he served of the Board of Parker Drilling, an American offshore rig owner with HQ in Houston. Now Parker Drilling has 75 international land rigs, 15 deep gas land rigs, 34 barge rigs, 7 platform rigs, 7 offshore jack-up rigs. Parker is also a specialist in deep well, arctic and geo-thermal drilling. Gates too was the Deputy director of the CIA. Who are members of SAIC? http://www.saic.com/about/companies/
Is there corruption at SAIC? http://www.washingtonpost.com/wp-dyn/content/article/2009/07/02/AR2009070203415.html Thanks for asking!
Here are some other attached facts:
* MMS gave a $5.5 million contract to SAIC to conduct a 5 year study of the Gulf Loop Current.
* SAIC awarded a $21.0 million blanket purchase agreement for Biomass Engineering coming from the Department of Energy and Golden Field Office. This was done to support the Office of Energy, Efficiency and Renewable Energies Biomass program.
* SAIC handles all technology for BP and that includes security logs and surveillance data. Ever wonder about video via closed circuit on offshore rigs?
* SAIC has had contracts with BP going back as far as 2002 to include a $750 million contract for Global IT services. SAIC is an employee owned company with $6.1 Billion in revenue and has offices in 150 cities around the globe. The revenue comes from
* National Security
* Homeland Defense
* Energy
* Environment
* Telecommunications
* Healthcare
* Transportation
So if not oil then what do we put into our gas tanks? Algae!! http://www.cnn.com/video/?/video/bestoftv/2010/06/17/nr.holmes.algea.fuel.cnn
Even more Federal action on this. Obama has awarded $80.0 in research grants for algae and bio-mass fuels. The Pentagon has mandated that the Air Force be 50/50 in use of fossil fuels and bio-fuel by 2012.
If Cap and Trade or any new name they attached to this 'junk' legislation and life altering bill does not pass, understand, it really doesn't matter except it would be cheaper for taxpayers in the end to pass this bill. What??? You Ask? Well, understand, Obama is having to look like a fool spending TARP and Stimulus money to back-door the bio-fuel, algae, urea agenda. He would look better if he did not have to spend this money but rather force Cap and Trade to generate tax revenue. Either way, taxpayers and just violated and scammed in the end.
Contract With BP Has Clause To Limit Anadarko Liability-Source
By Isabel Ordonez, Of DOW JONES NEWSWIRES
HOUSTON -(Dow Jones)- BP PLC's (BP) contract to operate the leaking Macondo well contains a clause that could limit the liability of minority partner Anadarko Petroleum Corp. (APC), a person familiar with the agreement said.The contract, the person said, is similar to others used in offshore drilling in which the operator assumes the cost of mistakes in case of gross negligence, the person said.Anadarko, which owns 25% of the well, has seen its shares hit hard in recent weeks as investors brace for the possibility that the Houston-based company could be on the hook for a proportional share of the costs resulting from the leak--an amount that could reach tens of billions of dollars. The confirmation that the joint operating agreement with BP contains a gross negligence clause could substantially reduce the company's potential liability andthatoffellow minority partner Mitsui & Co. Ltd. (8031.TO).BP could be liable for 100% of damages if gross negligence is proven, said Jacqueline Weaver, who teaches energy law at the University of Houston Law Center. U.S. lawmakers said this week that BP made decisions that increased the risk of a blow-out at the well to save the company time or expense. BP didn't immediately respond to requests for comment.The uncertainty about Anadarko's liability underscores the unprecedented nature of the crisis that began in April, when a Transocean Ltd. (RIG) drilling for BP in the U.S. Gulf exploded and sank, unleashing the largest offshore spill the country has ever seen. BP so far has spent more than $1.6 billion dollars in cleaning up the spill, and its ultimate liability could be much higher. On Wednesday, the company agreed to establish a $20 billion escrow account to pay for damages.
Anadarko said Wednesday it had been invoiced by BP for its share of clean-up costs, although it didn't disclose the amount.Analysts with investment bank UBS estimate that the total cost of the operation could reach between $20 billion and $50 billion, a figure based on what Exxon Mobil Corp. (XOM) paid for the 1989 Exxon Valdez spill. But the analysts said that if Anadarko ends up paying a quarter of that cost, it could survive.
If Anadarko's liability comes in at the low end of the range, or $5 billion, the company could "easily" afford it, UBS analyst William Featherston said. Anadarko currently has $3.7 billion in cash and an unused credit capacity of $ 1.3 billion. Additionally, it has assets that are not producing cash in the onshore U.S. and offshore Africa with an estimated value of $14 billion.If the price tag is larger than that, Anadarko would have to issue equity and sell a large percentage of its international and U.S. Gulf of Mexico nonproducing discoveries. But even if it had to pay $12.5 billion, the company will be able to bear the financial burden, Featherston said.
Investors have been bracing for a worse outcome than what analysts have imagined. Anadarko's shares have tumbled 40% since April 20, the day the rig exploded. The decline sharpened last week--Anadarko was down 19% on Wednesday alone--in a move that Barclays Capital analysts said was "disproportionate" to the highest amount of money Anadarko could be liable for. The stock was trading Wednesday afternoon at $42.70, down 4.5% from the previous session. BP has said it won't be limited by the $75 million cap on oil spill economic damages established under the Oil Pollution Act of 1990 and that it won't seek reimbursement from a federal trust fund. But Anadarko has refrained from openly joining BP in that stance: Spokesman John Christiansen said in an emailed statement that the company will do what is "right" and that questions regarding itsliabilitywillbe answered "at the appropriate time."
Now lets visit some of Obama's Czars:
Vivek Kundra, is he a phony? http://ragingdebate.com/politics/special-report-is-us-chief-information-officer-cio-vivek-kundra-a-phony
Steve Chu, this is the guy who wants all homes to have white roofs
http://www.telegraph.co.uk/earth/earthnews/5389278/Obamas-green-guru-calls-for-white-roofs.html
How about John Holdren who wants to fertilize the oceans?
http://www.guardian.co.uk/environment/2009/apr/08/geo-engineering-john-holdren
Ok what else?
DARPA: Defense Advanced Research Projects Agency They testing for production of refined algae into jet fuel. DARPA expects to produce 50 million gallons by 2011. So who tells and pays DARPA? Yep you guessed it, SAIC and General Atomics.
Lets go back to the Gulf of Mexico. MMS is responsible for the offshore drilling leases in ALL Federal waters. Under that 2009 contract to SAIC to study the loop current, it seems knowledge is only good to 3000'. Beyond 3000' there are highly significant larger stresses put on drilling platforms, anchoring systems and risers. Below 10,000' the pipe must be flexible because of variations in the strength and direction of the currents and the pipes are quite likely to break. Because engineers topside cannot see or predict currents but they often feel them, they must shut down the rigs until conditions become safer. Technology yet has not reached the depths and associated currents to measure the whole risk. Currently, all conditions are measured by SAIC through satellite remote sensing but only to 3000'.
Now lets look at Bill Clinton and the Clinton Global Initiative: http://www51.honeywell.com/sustainable-opportunity/our-values-our-commitments.html Also check this link: http://cleantech.com/news/4010/US-military-funds-35M-research-algae-jet-fuel Let us NOT forget, this is all capitalism at it's best when it comes to corporations providing goods and services and jobs especially to the Federal govt.
@spongedocks
~~~
Now I will add to it. Please bear with me on all the links. I will outline each to save time. Links are to source and reference so you can all see where we got the info.
BP Ponies Up $10M For Algae Biofuels
BP is ponying up $10 million for a partnership with Martek Biosciences to study the use of algae to convert sugar into biodiesel. BP isn’t the only oil major — or government agency — to show an interest in the prospect of commercially viable algal-based fuels. Just last month ExxonMobil committed $600 million in a partnership with Synthetic Genomics to develop next-generation biofuels from algae.
The investment numbers are small compared to the oil giant’s overall capital expenditure budget. BP invested $1.4 billion in alternative energy in 2008
http://industry.bnet.com/energy/10001820/bp-ponies-up-10m-for-algae-biofuels-in-martek-deal/
~~~
Exxon’s algae
Exxon, the west’s biggest oil company, has launched a new research programme into producing biofuels from algae, in a break from its general antipathy towards alternative energy.
http://ht.ly/20Mmr
~~~
CEO envisions a Gulf Coast algae boom
When Paul Woods looks at the Texas Gulf Coast, with its heavy industry, large tracts of flat land and muddy salt water, he thinks two words: algae farms.
http://ht.ly/20MtT
~~~
What I am about to tell you will knock you out of your seats.
this went around earlier, but now as we see lake michigan getting oiled...
There is a lot more going on in the Gulf of Mexico than the oils spill.
This administration and many other entities like BP, Citi, Nalco, GM, GE, Goldman Sachs, University of Chicago, holding companies along with Dept of Defense, Billionaires and Politicians are all vested in biofuels.
What is going on in the Gulf is directly related to this new industry.
There is an Algae these companies are interested in.
From the mouth of the Mississippi river, all along the Gulf coast and spreading down to the Everglades is prime area for growing this Algae. Crist is aware of this. He's funding it.There is a couple of other prime spots too. Chesapeake is one area and the Great Lakes is another. (Funny, we already had a Great Lakes Czar and a Chesapeake Czar.) (Now we have a Gulf Czar too!)
As you know, the oil continues to flow in the Gulf.
It looks incompetent when assessing the response to the crisis. It is not incompetence. It is intentional and willfull destruction.
They are spraying dispersants that are toxic to sea life. The dispersants hold the oil below the surface. Ask yourselves why you would want that. Wouldn't it be easier to vacuum the oil if it were floating?
They are not letting foreign tankers in to help. Even the few barges Jindal got his hands on were stalled, citing they need to be inspected to see if they carried enough life vests. They did.
They even pass the buck as to who is in charge. BP says they were in charge. O says he's in charge. The Coast Guard Admiral Thad Allen says he's in charge. They run us in circles to divert the real questions.
If you have noticed, most of their news conferences have very little to do with action response, instead focusing on claims processing.
This is not incompetence. It is an intentional strategy. They don't want to clean it up or even try to contain it.
What they are doing is in three steps.
First get rid of oil industry in Gulf.
Then turn Gulf into a dead zone. A dead zone is free of life or ability to sustain it. The oil, dispersants and fertilizers deplete oxygen. It kills animals and fish, also turning their remains into fertilizer.
Finally, use Gulf as a giant Algae farm. Algae grows on water surface, getting oxygen from air, not water. Fertilizers like Urea supply much needed nitrogen. The Mississippi and the other rivers that empty into Gulf also pick up fertilizers from the many farms along the way. This feeds the Algae at the mouths of these rivers.
The oil in the water won't hurt the Algae. It will only promote it's growth and burn factor.
Algae costs about $2. a Barrel to refine. This is potentially very profitable.
The down side is , there isn't enough Algae to sustain the demand. It takes a lot of Algae to produce a single barrel. That means they need a huge place to grow and multiply the supply of this Algae. Right now they don't have this enormous Algae farm location. They have the desire, the technology, the investments and companies all set up.They have even taken the steps to map out the plan.
That plan involves projects in the Great Lakes., Chesapeake Bay and the Gulf of Mexico.
This oil spill whether sabotage, negligence, accident or design is the perfect way to eliminate fossil fuels such as oil and to advance his biofuel agenda..
They will sacrifice the Gulf and all who live in or around it for this multi Trillion Dollar industry.
This also ties in with Carbon capture and exchange. You all know about the Chicago Carbon Exchange, Cap & Trade and even O's support of Kyoto, so I won't bore you with history.
For those who don't know details on those Bills and international climate agreements, please refer to back posts of mine, or those of others who have researched and posted.
There is a proposal to store Carbon that has been captured by industries, in the Gulf. The Carbon will enhance the Algae growth while making a fortune for companies like O's Chicago Carbon Exchange.
All the usual players as well as a few new ones are involved. There is everything from lies deceit, government stealth,to insider trading and intentional destruction going on.
My friend and research teammate has compiled a short summary. Please read this, then I will pick it up from there.
Via: Spongedocks:
Step by Step Chicago to the Gulf of Mexico
The lawsuit lists potential damage claims of about $2.5 billion to the Gulf fishing industry; $3 billion to tourism; $700 million in remediation efforts so far; $6 million a day in continuing costs and "incalculable damages to BP's reputation."
We have all heard it said, carbon is a bad thing for our environment. Where did all begin? Junk Science, Al Gore, Maurice Strong, Barack Obama, Joel Rogers, Van Jones. Bill Clinton, John Podesta, Vivek Kundra, Carl Pope, need we go on?
http://www.chicagoclimatex.com/
http://www.chicagoclimatex.com/content.jsf?id=821
http://en.wikipedia.org/wiki/Chicago_Climate_Exchange
http://www.carbonoffsetsdaily.com/news-channels/usa/obama%e2%80%99s-involvement-in-chicago-climate-exchange-the-rest-of-the-story-5581.htm
So what is the motivation of eliminating Carbon? MONEY!! Consider for a moment how wealthy these people and countless others are getting by promoting this carbon offset science and forcing alternative biomass science and technology. Frankly, determining the wealth of these people is an angry task. Yet, how do these people profit from this forced change from oil to bio-fuels? Stimulus money, see 'Bombshell Expose', insider trading, government legislation, corporate shakedowns.
Let's examine some events and people:
Okay lets chat a moment about what happened. What the well explosion due to human error, was it on purpose by a human, was it the work of military for hire groups like Xe, Blackwater, DynCorp or Triple Canopy? We will never really know. Since SAIC has full control, they know the answer, but in the end, does it matter? The well exploded. Now the question is why? Destroy big oil and American business and jobs. What will takes it place? Ah hah, glad you asked, algae. Who is behind this? Crime, Inc. which by the way is much bigger than Beck is able to report and for that matter than we can report, but we are gonna try.
British Petroleum, one of the world's largest oil producers. BP has had the most safety violations but why is that? Enter MMS, Minerals Management Service. http://www.mms.gov/ MMS is an Agency of the Department of the Interior. MMS gave many waivers to BP for this DeepWater Horizon rig, not to mention a safety award.
Why did MMS give waivers to BP? http://www.allbusiness.com/company-activities-management/company-structures-ownership/8541318-1.html Enter SAIC. http:/en.wikipedia.org/wiki/Science_Applications_International_Corporation Ok, who was head of SAIC while this agenda was being drafted and put into action? Robert Gates, you know they guy that is now the Secretary of Defense. But what qualifies Gates for this job? Hummm, good question. but why is he really on the payroll? Gates has a resume that includes: Head of SAIC,Council of Foreign Relations and he served of the Board of Parker Drilling, an American offshore rig owner with HQ in Houston. Now Parker Drilling has 75 international land rigs, 15 deep gas land rigs, 34 barge rigs, 7 platform rigs, 7 offshore jack-up rigs. Parker is also a specialist in deep well, arctic and geo-thermal drilling. Gates too was the Deputy director of the CIA. Who are members of SAIC? http://www.saic.com/about/companies/
Is there corruption at SAIC? http://www.washingtonpost.com/wp-dyn/content/article/2009/07/02/AR2009070203415.html Thanks for asking!
Here are some other attached facts:
* MMS gave a $5.5 million contract to SAIC to conduct a 5 year study of the Gulf Loop Current.
* SAIC awarded a $21.0 million blanket purchase agreement for Biomass Engineering coming from the Department of Energy and Golden Field Office. This was done to support the Office of Energy, Efficiency and Renewable Energies Biomass program.
* SAIC handles all technology for BP and that includes security logs and surveillance data. Ever wonder about video via closed circuit on offshore rigs?
* SAIC has had contracts with BP going back as far as 2002 to include a $750 million contract for Global IT services. SAIC is an employee owned company with $6.1 Billion in revenue and has offices in 150 cities around the globe. The revenue comes from
* National Security
* Homeland Defense
* Energy
* Environment
* Telecommunications
* Healthcare
* Transportation
So if not oil then what do we put into our gas tanks? Algae!! http://www.cnn.com/video/?/video/bestoftv/2010/06/17/nr.holmes.algea.fuel.cnn
Even more Federal action on this. Obama has awarded $80.0 in research grants for algae and bio-mass fuels. The Pentagon has mandated that the Air Force be 50/50 in use of fossil fuels and bio-fuel by 2012.
If Cap and Trade or any new name they attached to this 'junk' legislation and life altering bill does not pass, understand, it really doesn't matter except it would be cheaper for taxpayers in the end to pass this bill. What??? You Ask? Well, understand, Obama is having to look like a fool spending TARP and Stimulus money to back-door the bio-fuel, algae, urea agenda. He would look better if he did not have to spend this money but rather force Cap and Trade to generate tax revenue. Either way, taxpayers and just violated and scammed in the end.
Contract With BP Has Clause To Limit Anadarko Liability-Source
By Isabel Ordonez, Of DOW JONES NEWSWIRES
HOUSTON -(Dow Jones)- BP PLC's (BP) contract to operate the leaking Macondo well contains a clause that could limit the liability of minority partner Anadarko Petroleum Corp. (APC), a person familiar with the agreement said.The contract, the person said, is similar to others used in offshore drilling in which the operator assumes the cost of mistakes in case of gross negligence, the person said.Anadarko, which owns 25% of the well, has seen its shares hit hard in recent weeks as investors brace for the possibility that the Houston-based company could be on the hook for a proportional share of the costs resulting from the leak--an amount that could reach tens of billions of dollars. The confirmation that the joint operating agreement with BP contains a gross negligence clause could substantially reduce the company's potential liability andthatoffellow minority partner Mitsui & Co. Ltd. (8031.TO).BP could be liable for 100% of damages if gross negligence is proven, said Jacqueline Weaver, who teaches energy law at the University of Houston Law Center. U.S. lawmakers said this week that BP made decisions that increased the risk of a blow-out at the well to save the company time or expense. BP didn't immediately respond to requests for comment.The uncertainty about Anadarko's liability underscores the unprecedented nature of the crisis that began in April, when a Transocean Ltd. (RIG) drilling for BP in the U.S. Gulf exploded and sank, unleashing the largest offshore spill the country has ever seen. BP so far has spent more than $1.6 billion dollars in cleaning up the spill, and its ultimate liability could be much higher. On Wednesday, the company agreed to establish a $20 billion escrow account to pay for damages.
Anadarko said Wednesday it had been invoiced by BP for its share of clean-up costs, although it didn't disclose the amount.Analysts with investment bank UBS estimate that the total cost of the operation could reach between $20 billion and $50 billion, a figure based on what Exxon Mobil Corp. (XOM) paid for the 1989 Exxon Valdez spill. But the analysts said that if Anadarko ends up paying a quarter of that cost, it could survive.
If Anadarko's liability comes in at the low end of the range, or $5 billion, the company could "easily" afford it, UBS analyst William Featherston said. Anadarko currently has $3.7 billion in cash and an unused credit capacity of $ 1.3 billion. Additionally, it has assets that are not producing cash in the onshore U.S. and offshore Africa with an estimated value of $14 billion.If the price tag is larger than that, Anadarko would have to issue equity and sell a large percentage of its international and U.S. Gulf of Mexico nonproducing discoveries. But even if it had to pay $12.5 billion, the company will be able to bear the financial burden, Featherston said.
Investors have been bracing for a worse outcome than what analysts have imagined. Anadarko's shares have tumbled 40% since April 20, the day the rig exploded. The decline sharpened last week--Anadarko was down 19% on Wednesday alone--in a move that Barclays Capital analysts said was "disproportionate" to the highest amount of money Anadarko could be liable for. The stock was trading Wednesday afternoon at $42.70, down 4.5% from the previous session. BP has said it won't be limited by the $75 million cap on oil spill economic damages established under the Oil Pollution Act of 1990 and that it won't seek reimbursement from a federal trust fund. But Anadarko has refrained from openly joining BP in that stance: Spokesman John Christiansen said in an emailed statement that the company will do what is "right" and that questions regarding itsliabilitywillbe answered "at the appropriate time."
Now lets visit some of Obama's Czars:
Vivek Kundra, is he a phony? http://ragingdebate.com/politics/special-report-is-us-chief-information-officer-cio-vivek-kundra-a-phony
Steve Chu, this is the guy who wants all homes to have white roofs
http://www.telegraph.co.uk/earth/earthnews/5389278/Obamas-green-guru-calls-for-white-roofs.html
How about John Holdren who wants to fertilize the oceans?
http://www.guardian.co.uk/environment/2009/apr/08/geo-engineering-john-holdren
Ok what else?
DARPA: Defense Advanced Research Projects Agency They testing for production of refined algae into jet fuel. DARPA expects to produce 50 million gallons by 2011. So who tells and pays DARPA? Yep you guessed it, SAIC and General Atomics.
Lets go back to the Gulf of Mexico. MMS is responsible for the offshore drilling leases in ALL Federal waters. Under that 2009 contract to SAIC to study the loop current, it seems knowledge is only good to 3000'. Beyond 3000' there are highly significant larger stresses put on drilling platforms, anchoring systems and risers. Below 10,000' the pipe must be flexible because of variations in the strength and direction of the currents and the pipes are quite likely to break. Because engineers topside cannot see or predict currents but they often feel them, they must shut down the rigs until conditions become safer. Technology yet has not reached the depths and associated currents to measure the whole risk. Currently, all conditions are measured by SAIC through satellite remote sensing but only to 3000'.
Now lets look at Bill Clinton and the Clinton Global Initiative: http://www51.honeywell.com/sustainable-opportunity/our-values-our-commitments.html Also check this link: http://cleantech.com/news/4010/US-military-funds-35M-research-algae-jet-fuel Let us NOT forget, this is all capitalism at it's best when it comes to corporations providing goods and services and jobs especially to the Federal govt.
@spongedocks
~~~
Now I will add to it. Please bear with me on all the links. I will outline each to save time. Links are to source and reference so you can all see where we got the info.
BP Ponies Up $10M For Algae Biofuels
BP is ponying up $10 million for a partnership with Martek Biosciences to study the use of algae to convert sugar into biodiesel. BP isn’t the only oil major — or government agency — to show an interest in the prospect of commercially viable algal-based fuels. Just last month ExxonMobil committed $600 million in a partnership with Synthetic Genomics to develop next-generation biofuels from algae.
The investment numbers are small compared to the oil giant’s overall capital expenditure budget. BP invested $1.4 billion in alternative energy in 2008
http://industry.bnet.com/energy/10001820/bp-ponies-up-10m-for-algae-biofuels-in-martek-deal/
~~~
Exxon’s algae
Exxon, the west’s biggest oil company, has launched a new research programme into producing biofuels from algae, in a break from its general antipathy towards alternative energy.
http://ht.ly/20Mmr
~~~
CEO envisions a Gulf Coast algae boom
When Paul Woods looks at the Texas Gulf Coast, with its heavy industry, large tracts of flat land and muddy salt water, he thinks two words: algae farms.
http://ht.ly/20MtT
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