While they went 25 feet down, that's nothing to a 3300 feet down. A mile is 5280 feet. So that's 3300 feet of what they are looking at in this video.
The video though begs the question on whatever this "disbursements" are. If that is causing the oil to break up into large molecules and clumps, that cannot be a good thing, and why they are not applying the same techniques that cleaned up the the Gulf war oil spill> The gulf slick was reported only 5 inches thick. Why they are not out there with rigged up tankers, super tankers, "artificial" ponds and massive pumping gear with centrifuges to separate it all out is beyond me at this point.
3300 feet down, the only thing I can see to get to that is a super tanker with a very large pumping capability. of even a floating rig. Then, why are they not using whatever it is that takes the oil from the rigs to market as clean up equipment?
Yes, oil will skyrocket, yes this is major supply disruption, but that said, what are you going to do?
I feel we're not getting real info, esp. when one goes and reads up on various other techniques used to clean and the Gulf was in the middle of a war. If they can clean in the middle of a war, I don't see why they have not deployed this level of concentrated clean up effort that was used. What am I missing here?
...we are still in the Great Deleveraging, to make up for all those debt-financed billionaires who profited from their ill-gotten gains to the extreme aggro to the rest of us.
Nope, there is no economy, with the top five banks making up 63% of the GDP, and with the Fantasy Finance Sector, all told, making up over 80% of the GDP, where's the frigging economy?
No economy.....no media.....what's up with that, huh?
This is a great clip from the politicsdaily.com site of Philippe Cousteau, Jr., the legendary Jacques Cousteau's grandson, making a dive to check out the horrendous damage underwater in the Gulf of Mexico a short while ago.
Nothing to worry about folks, with BP guys like the undersecretary at the Department of Energy to solve the problem, we are saved......
That drilling is now projected to be August for completion. So, odds are it's a minimum of 60 days if not at least 90. If you are implying that other companies, including BP don't have their other wells in the field on maximum output to help with pressure, give a reference on that one, because I already assumed they had done that one immediately.
Writing up so many EI reports, my overall analysis is that results are mixed at best to date. I sure do not see anything to really jump start the job markets, (supposedly the Obama administration is claiming the Stimulus saved up to 2.8 million jobs but I haven't looked at that in detail), keywords being "up to" assuredly, but I don't see the "real" economy which generates job growth having enough "umph" to it to kick in. There is some good news in auto manufacturing and they are hiring in Detroit and even opening up, revamping some plants.
That said, I believe a double dip is going to happen because the Stimulus effect wanes at the 2nd half of this year, we have an ongoing European crisis and the biggest impetus is the gulf oil spill. If NOAA is right and we're going to have that many hurricanes, the gulf would have to be evacuated as they showed up there, which one can bet some will. Top waves can hit 100 feet high. I don't know how far turbulence goes to the sea floor in a hurricane but all of that oil is not tethered to it either.
3.0% GDP where over half is inventories and we need a good 2.5% to maintain the status quo, even if GDP does not go negative, it's still nowhere near what kind of economic growth the nation needs. Then, while some people believe, magically, there will be better reforms in conference committee, I do not think so. In other words, they still have not reined in the Banksters and thus it can all happen again.
There use to be a rating system that one could rate the article from 1 to 5. I see that this article has a 2 point rating but I don't see how to assign a number. Sooo just let me say this a 5+. Midtowng is always a must read. But this this time he out did himself.
Midtowng - "you da man!"
The Gulf of Mexico Oil field is not thousands of little pockets of unconnected oil reserves but one complex interconnected set of geological pools of oil.
That is why a 'relief well' works. The surrounding production wells are are working network of relief wells. That's also how drillers steal from each other using horizontal drilling
At any time, well production is monitored and regulated
by the pressure valves. The rate of release is variable, estimated and not an exact science. If you open the release valves of surrounding wells, the combined osmotic pressure on all of wells in an area drops.
If you open (increase) the flow of surrounding wells, the flow on the spill well drops. You cannot overdo this or the rock substrata of the field collapses, like Iraq today.
Iran closed all its oil well valves in the 1979 Embargo
and production from Saudi Arabia, to Iraq, to Russia increased due to the change in osmotic pressure of the
giant oil field in the Arabian Gulf.
When the 1979 Embargo ended, osmotic pressure on wells
throughout the region decreased dramatically as Iranian
wellhead pressure was released.
was the location here, which implies it could be coming from a 2nd leak, but still if the currently released volume estimates are from the first leak, then it has to be this "6 in gash" isn't....i.e. it has to be bigger to be releasing that volume of oil I would assume.
It's clear there is a new massive plume and additionally the ones who make algae which eats oil are literally pulling out because state/feds won't let them help....
but in terms of the source, or whether that one leak, which is the "spill cam" can output that much oil or if there is actually a second separate leak, I've yet to find that out.
That's where I saw this too and good to say ZH mentioning they cannot verify this claim of the second leak. That's what I'm after, proof it exists. While nothing would surprise me, I've seen on cable news and even on EP, as much as I try not to get duped, I have on "news" that is in fact, rumor. I got duped on the claim GS was going to settle their SEC case..oops, wrong, never happened.
So, surfing the engineering and science blogs, sites and info should be able to do it. There are a lot of geeks now getting online over the spill. I just haven't found it yet.
Of course, as a GAO study and numerous other exposes demonstrated, it was relatively easy for Goldman to manipulate the oil/energy (and others) prices since they, along with Morgan Stanley and the oil cartel, financed and owned ICE Futures and Goldman and Morgan were the two principal traders there.
All they had to do, and most likely did from examination of external data, was write a simple FpML script, which traded a particular block of oil futures a zillion times back and forth, raising the price slighly each time, while taking a long position in it.
They profit and manipulate the price, then do the opposite after taking a short position on it.
Helps when the bank-oil cartel owns all the exchanges, and clearinghouses, right?
has a lot of bloggers who watch only this topic exclusively, so I wouldn't be surprised.
Supposedly now they are "getting more mud", but I'm wondering about a second leak. I'm going to try to dig up some technical details that I can locate, which are feasible, real and write up a new open oil thread. So, if you want to post more comments on technical details, i.e. from scientists, engineers talking about this where we can validate what they are saying (I read PSI, sounds like u do 2), please post them and I'll gather it all up into a new blog post.
I tend to believe what this anonymous tech said and that any feed right now showing activity is a video feed from earlier not live.
This has been verified to be releasing about 30,000 barrels a day minimum and its going to continue from the looks of it.
Comments on the Oil Drum from engineers and oil workers tend to now agree with what I have been saying - difficult to fix a pipe with while there is pressure in it. The wells they have seen plugged this way were with undamaged BOP's.
Go to your basement and cut the water feed pipe so there is 60 psi running into the room and see if you can plug it without turning the street water source off. Want to keep your pipes from freezing (without draining them) when the house loses heat? Run the water.
They are going to try the 'junk shot' tonight and see if they can stem the leaks till the mud can work etc etc. This might have a chance.
A technician at the BP command center said that pumping of the fluid had to be stopped temporarily while engineers were revising their plans, and that the company hoped to resume pumping by midnight, if federal officials approved.
This is great news if true. It's being reported it worked.
If so, then.....is there a second leak somewhere? Anyone with PSI, gash dimensions, time, pressure, overall surface estimates, it should be easy to figure out if that's the only leak or there must be a second. The pressure on that leak was enormous, but could it by itself create an oil spill the size of Delaware?
Right they have managed to pressure FASB previously, which has a lot of independence. I just wrote up a little blurb on how the CBO believes all of those MBSes and Maiden Lane holdings have value and will make the taxpayer money. You might check it out and see if there is anything about mark-to-market or methods in their "fair value" accounting methods to reach that conclusion. I didn't.
The FASB is going to reenact mark to market rules for banks.
If the banks are against this I am for it.
Whats great here is that independent from control by politicians and banks.
“FASB’s proposal for mark-to-market accounting presents significant problems, not only for banks, but also the general economy,” Edward Yingling, chief executive officer of the American Bankers Association, said in a statement. “The proposal would greatly undermine the availability of credit by making it difficult to make many long-term loans, the value of which, even if performing perfectly, would likely be reduced on the day a loan is made.”
And now for the real news story....
While they went 25 feet down, that's nothing to a 3300 feet down. A mile is 5280 feet. So that's 3300 feet of what they are looking at in this video.
The video though begs the question on whatever this "disbursements" are. If that is causing the oil to break up into large molecules and clumps, that cannot be a good thing, and why they are not applying the same techniques that cleaned up the the Gulf war oil spill> The gulf slick was reported only 5 inches thick. Why they are not out there with rigged up tankers, super tankers, "artificial" ponds and massive pumping gear with centrifuges to separate it all out is beyond me at this point.
3300 feet down, the only thing I can see to get to that is a super tanker with a very large pumping capability. of even a floating rig. Then, why are they not using whatever it is that takes the oil from the rigs to market as clean up equipment?
Yes, oil will skyrocket, yes this is major supply disruption, but that said, what are you going to do?
I feel we're not getting real info, esp. when one goes and reads up on various other techniques used to clean and the Gulf was in the middle of a war. If they can clean in the middle of a war, I don't see why they have not deployed this level of concentrated clean up effort that was used. What am I missing here?
...we are still in the Great Deleveraging, to make up for all those debt-financed billionaires who profited from their ill-gotten gains to the extreme aggro to the rest of us.
Nope, there is no economy, with the top five banks making up 63% of the GDP, and with the Fantasy Finance Sector, all told, making up over 80% of the GDP, where's the frigging economy?
No economy.....no media.....what's up with that, huh?
Onward marches the Neofeudalism Movement.....
This is a great clip from the politicsdaily.com site of Philippe Cousteau, Jr., the legendary Jacques Cousteau's grandson, making a dive to check out the horrendous damage underwater in the Gulf of Mexico a short while ago.
Nothing to worry about folks, with BP guys like the undersecretary at the Department of Energy to solve the problem, we are saved......
That drilling is now projected to be August for completion. So, odds are it's a minimum of 60 days if not at least 90. If you are implying that other companies, including BP don't have their other wells in the field on maximum output to help with pressure, give a reference on that one, because I already assumed they had done that one immediately.
Writing up so many EI reports, my overall analysis is that results are mixed at best to date. I sure do not see anything to really jump start the job markets, (supposedly the Obama administration is claiming the Stimulus saved up to 2.8 million jobs but I haven't looked at that in detail), keywords being "up to" assuredly, but I don't see the "real" economy which generates job growth having enough "umph" to it to kick in. There is some good news in auto manufacturing and they are hiring in Detroit and even opening up, revamping some plants.
That said, I believe a double dip is going to happen because the Stimulus effect wanes at the 2nd half of this year, we have an ongoing European crisis and the biggest impetus is the gulf oil spill. If NOAA is right and we're going to have that many hurricanes, the gulf would have to be evacuated as they showed up there, which one can bet some will. Top waves can hit 100 feet high. I don't know how far turbulence goes to the sea floor in a hurricane but all of that oil is not tethered to it either.
3.0% GDP where over half is inventories and we need a good 2.5% to maintain the status quo, even if GDP does not go negative, it's still nowhere near what kind of economic growth the nation needs. Then, while some people believe, magically, there will be better reforms in conference committee, I do not think so. In other words, they still have not reined in the Banksters and thus it can all happen again.
uprating a post puts it first on the front page. Those arrows actually move content around the site, controlled by registered users.
See the admin forum, under the promote/demote system topic.
There use to be a rating system that one could rate the article from 1 to 5. I see that this article has a 2 point rating but I don't see how to assign a number. Sooo just let me say this a 5+. Midtowng is always a must read. But this this time he out did himself.
Midtowng - "you da man!"
The Gulf of Mexico Oil field is not thousands of little pockets of unconnected oil reserves but one complex interconnected set of geological pools of oil.
That is why a 'relief well' works. The surrounding production wells are are working network of relief wells. That's also how drillers steal from each other using horizontal drilling
At any time, well production is monitored and regulated
by the pressure valves. The rate of release is variable, estimated and not an exact science. If you open the release valves of surrounding wells, the combined osmotic pressure on all of wells in an area drops.
If you open (increase) the flow of surrounding wells, the flow on the spill well drops. You cannot overdo this or the rock substrata of the field collapses, like Iraq today.
Iran closed all its oil well valves in the 1979 Embargo
and production from Saudi Arabia, to Iraq, to Russia increased due to the change in osmotic pressure of the
giant oil field in the Arabian Gulf.
When the 1979 Embargo ended, osmotic pressure on wells
throughout the region decreased dramatically as Iranian
wellhead pressure was released.
the oil spill. It's on now, I don't know how in depth/accurate it is, although they are usually pretty good.
was the location here, which implies it could be coming from a 2nd leak, but still if the currently released volume estimates are from the first leak, then it has to be this "6 in gash" isn't....i.e. it has to be bigger to be releasing that volume of oil I would assume.
It's clear there is a new massive plume and additionally the ones who make algae which eats oil are literally pulling out because state/feds won't let them help....
but in terms of the source, or whether that one leak, which is the "spill cam" can output that much oil or if there is actually a second separate leak, I've yet to find that out.
That's where I saw this too and good to say ZH mentioning they cannot verify this claim of the second leak. That's what I'm after, proof it exists. While nothing would surprise me, I've seen on cable news and even on EP, as much as I try not to get duped, I have on "news" that is in fact, rumor. I got duped on the claim GS was going to settle their SEC case..oops, wrong, never happened.
So, surfing the engineering and science blogs, sites and info should be able to do it. There are a lot of geeks now getting online over the spill. I just haven't found it yet.
I just watched the video posted on Zero Hedge about a possible second leak from 5-6 miles away.
Interesting though in the ZH story they mention that there was another well dug and abandoned close by.
Is it possible the rig landed on the sealed wellhead of the other well and opened it up? Stranger things have happened.
Second Leak Theories
Of course, as a GAO study and numerous other exposes demonstrated, it was relatively easy for Goldman to manipulate the oil/energy (and others) prices since they, along with Morgan Stanley and the oil cartel, financed and owned ICE Futures and Goldman and Morgan were the two principal traders there.
All they had to do, and most likely did from examination of external data, was write a simple FpML script, which traded a particular block of oil futures a zillion times back and forth, raising the price slighly each time, while taking a long position in it.
They profit and manipulate the price, then do the opposite after taking a short position on it.
Helps when the bank-oil cartel owns all the exchanges, and clearinghouses, right?
Two excellent sites on this oil spill, Dr. Ott's, and the Professional Mariner site.
has a lot of bloggers who watch only this topic exclusively, so I wouldn't be surprised.
Supposedly now they are "getting more mud", but I'm wondering about a second leak. I'm going to try to dig up some technical details that I can locate, which are feasible, real and write up a new open oil thread. So, if you want to post more comments on technical details, i.e. from scientists, engineers talking about this where we can validate what they are saying (I read PSI, sounds like u do 2), please post them and I'll gather it all up into a new blog post.
I tend to believe what this anonymous tech said and that any feed right now showing activity is a video feed from earlier not live.
This has been verified to be releasing about 30,000 barrels a day minimum and its going to continue from the looks of it.
Comments on the Oil Drum from engineers and oil workers tend to now agree with what I have been saying - difficult to fix a pipe with while there is pressure in it. The wells they have seen plugged this way were with undamaged BOP's.
Go to your basement and cut the water feed pipe so there is 60 psi running into the room and see if you can plug it without turning the street water source off. Want to keep your pipes from freezing (without draining them) when the house loses heat? Run the water.
They are going to try the 'junk shot' tonight and see if they can stem the leaks till the mud can work etc etc. This might have a chance.
Setback Delays ‘Top Kill’ Effort to Seal Leaking Oil Well in Gulf
This is great news if true. It's being reported it worked.
If so, then.....is there a second leak somewhere? Anyone with PSI, gash dimensions, time, pressure, overall surface estimates, it should be easy to figure out if that's the only leak or there must be a second. The pressure on that leak was enormous, but could it by itself create an oil spill the size of Delaware?
Right they have managed to pressure FASB previously, which has a lot of independence. I just wrote up a little blurb on how the CBO believes all of those MBSes and Maiden Lane holdings have value and will make the taxpayer money. You might check it out and see if there is anything about mark-to-market or methods in their "fair value" accounting methods to reach that conclusion. I didn't.
The FASB is going to reenact mark to market rules for banks.
If the banks are against this I am for it.
Whats great here is that independent from control by politicians and banks.
Whats the Real Value?
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