Thursday, August 19, 2010

Are There Any Natural Cures For The Gulf Oil Spill?

The Gulf of Mexico oil spill is now about four months old and the news about it has quieted down a bit. What seems to be most reported, though, is that the oil disappeared and is not declared to be a major concern, but is that really the case?






Any natural cures for the Gulf of Mexico oil spill?
August 18, 2010 at 9:19 PM
Now that the Gulf of Mexico oil spill is four months old, news about it has quieted down a bit. What seems to be most reported, though, is that the oil disappeared and is not declared to be a major concern. But if one were to use a modicum of common sense for a moment one would know that of the millions of barrels of raw oil that spewed from the ruptured reservoir a mile below the ocean surface much of it is still somewhere in the gulf. Certainly many gallons of the crude were retrieved but that oil captured is but a small percentage of what leaked. Know this that a large amount of the chemical Corexit was used even though it was banned from Europe; and for good reason. This dispersant is...
Oil spilled. But hysteria did the real damage in the Gulf
August 18, 2010 at 8:28 AM
The saddest sight this week has been of America's first family taking a quick one-day holiday in Florida. Crashing visitor numbers and plummeting fish sales have devastated the Gulf of Mexico after the Deepwater Horizon oil spill. There is talk of an 80% drop in revenues in some resorts. Yet figures show just 16 of the state's 180 holiday beaches are at all polluted, while the bulk of the spill appears to have dispersed, or be dispersing out at sea. Having hyped the disaster for political purposes, the president is now frantically trying to play it down. The spill has been another classic of state terror in which incident and response are wholly out of proportion to one another. As the oil...
Scientists raise queries about Gulf oil left behind
August 18, 2010 at 5:16 AM
MIAMI - Two new scientific reports on Tuesday raised fresh fears about the environmental fallout from the world's worst offshore oil spill and questioned government assurances that most of the oil from the ruptured well in the Gulf of Mexico was already gone. In one of the reports, researchers at the University of Georgia said about three-quarters of the oil from BP's blown-out Macondo well was still lurking below the surface of the Gulf and may pose a threat to the ecosystem. Charles Hopkinson, who helped lead the investigation, said up to 79 percent of the 4.1 million barrels of oil that gushed from the broken well and were not captured...

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Wednesday, August 18, 2010

Environmental Studies Needed Before Deepwater Drilling

The Obama administration will no longer grant permits for deepwater drilling without environmental studies. The administration imposed a moratorium on most offshore drilling activities until November following the Deepwater Horizon disaster. See the article below


June

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No deepwater drilling without environmental studies, says Obama admin 

by Agence France-Presse  16 Aug 2010 10:44 PM

  "WASHINGTON - The Obama administration announced on Monday that it will grant no more permits for deepwater oil exploration without requiring studies on their impact on the environment.

The Interior Department said it would award offshore drilling permits only to projects 'involving limited environmental risk' while it undertakes a comprehensive review of its procedures under U.S. environmental protection laws.

The administration imposed a moratorium on most offshore drilling activities until November following the Deepwater Horizon disaster, which released several million barrels of oil into the Gulf of Mexico from a ruptured BP well.

The Bureau of Energy Management, Regulation and Enforcement (BOEM) said it has directed its staff not to grant 'categorical exclusions' for deepwater drilling activities even after the moratorium is lifted, the Interior Department said."

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Tuesday, August 17, 2010

BP Anounces Funding For Stress And Depression

The Gulf coast And BP's oil spill
BP to donate $58m to fight depression, stress in oil spill states
August 16, 2010 at 9:24 PM
BP announced overnight $US52 million ($58 million) in funding for health groups dealing with stress and depression in four southern US states hit by the Gulf of Mexico oil spill disaster. "We appreciate that there is a great deal of stress and anxiety across the region," said Lamar McKay, president of BP America. "We are providing this assistance now to help make sure individuals who need help know where to...
Responders to Gulf oil spill wrap up defining week
August 16, 2010 at 6:47 PM
NEW ORLEANS — BP PLC closed the books on a defining week in an epic battle to defeat its ruptured oil well, with exhausted engineers forcing the surging crude underground with a torrent of mud and cement, preparing to make a final push to plug it from the bottom. More than three months after the Deepwater Horizon rig exploded and triggered one of the world's worst oil spills, authorities weighed how to gather evidence from the mile-(1.6-kilometer)deep waters to help investigators determine what happened — and who could be at fault. Even retired Coast Guard Adm. Thad Allen, who was brought in by the government to oversee the...
BP pledges Angola, Azerbaijan oil as it builds US spill fund
August 16, 2010 at 2:11 PM
London: BP Plc is pledging oil sales from Angola and Azerbaijan to raise $5 billion (Dh18.3 billion) of loans as it builds a cleanup fund for the worst US environmental disaster. The larger of the two loans, for as much as $3 billion, is backed by oil sales from BP's interest in fields off Angola, lenders said. A second, $2...
So much for an exit strategy
August 16, 2010 at 9:03 AM
     Aug 17, 2010 Page 1 of 3 CREDIT BUBBLE BULLETIN So much for an exit strategy Commentary and weekly watch by Doug Noland Ten-year Treasury yields dropped another 14 basis points (bps) last week to 2.68%. Yields on benchmark Fannie Mae mortgage-backed securities (MBS) sank 13 bps to a record low 3.43%. Tuesday's announcement from the Federal Open Market Committee (FOMC) further emboldened a highly speculative fixed-income marketplace....

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