Recent comments

  • Frankly, she's not exactly known for her in the interests of America, the overall economy, the middle class, etc. voting record~! So, how committed is she to fight for what she managed to get through on derivatives is of interest. As it is there is a major loophole but it's still 1000% better than what the house did.

    I predict disaster. We're all so trapped by these huge corporations who run the government.

    Reply to: What Next on Financial Reform?   14 years 5 months ago
    EPer:
  • The Russians used nukes on gas wells inland not a mile underwater.

    I'm not saying it wouldn't work but as Robert said the radioactive fallout could be bad also and what happens if the hole just opens up right through to the oil deposit.

    I've heard that Canada forces a relief well to be dug at the same time the regular well is dug for just this circumstance. More costly but they could have sealed this soon after the accident if this was Canada.

    Reply to: Do you want our government to SHUT UP AND SOLVE IT on the oil spill?   14 years 5 months ago
    EPer:
  • They create a situation through gross negligence or worse which, meticulously, they turn into a legislative victory to advance their interests.  Oh, but, wait!  I'm supposed to say, "it's flawed but at least it's a start."  Well, I just said that but I'm clued into the poorly kept secret -- people saying that over and over (not just a random opinion) know better ergo they're just shilling for Wall Street. 

    Health reform, financial reform, the newly minted American Power act are all just means to increase the concentration of wealth and decrease any potential liability by the perpetrators. 

    Barney Frank is the conference committee chair.  We'll get lipstick on a pig with his deft hand.

    Reply to: What Next on Financial Reform?   14 years 5 months ago
  • Robert Kaluza, a top BP worker who was aboard the Deepwater Horizon in the hours leading up to the explosion, declined to testify in front of the panel, telling the U.S. Coast Guard he was invoking his constitutional right to avoid self-incrimination.

    The move raises the possibility of criminal liability in the explosion. Wednesday's hearing in Louisiana, however, failed to determine why — despite unusual pressure and fluid readings on the rig — a BP official decided on the day of the explosion to proceed with removing heavy drilling fluid from the well and replacing it with lighter-weight seawater that was unable to prevent gas from surging to the surface and exploding.

    Investigators asked Brown whether he knew the name of the BP official who made the decision, but he couldn't recall it and didn't know whether it was Kaluza.

    Criminal Liability?

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • Thats right the relief wells at IXTOC were used to relieve pressure but it was capped after 9-10 months total.

    If you had to change the valves on a full container of fluid one way to remove the valve without losing much if any of the fluid is to create more points of least resistance/vacuums elsewhere so that the valve can be removed and replaced. I've seen this done on large storage tanks successfully.

    IXTOC was in much more shallow water since divers went right down to the BOP to inspect it.

    When they tried what BP is doing the wellhead started to leak and 'go' so they stopped and waited till the relief wells could lower the pressure.

    Thats not the way they sealed a blowout in Australia - Macondo -though fairly recently. They intersected with the existing well pipe and sealed it there.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • There is nothing better that the blogosphere realm where this site lives is more exposure on yet another global destruction activity by Goldman Sachs. Right now, I think we're pretty much guaranteed to not get any effective and probably worse, financial reform due to the choice of conferees.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • That's not a lot of technical details, such as the situation, specifics, location and the radioactive fall out. Realize that leak is not that far from millions of life/people.

    Reply to: Do you want our government to SHUT UP AND SOLVE IT on the oil spill?   14 years 5 months ago
    EPer:
  • Here's Goldman's little problem. 

    Did Goldman Goose Oil? 3/25/09

    "But now some of the people involved in cleaning up the financial mess are suggesting that Semgroup's collapse was more than just bad judgment and worse timing. There is evidence of a malevolent hand at work: oil price manipulation by traders orchestrating a short squeeze to push up the price of West Texas Intermediate crude to the point that it would generate fatal losses in Semgroup's accounts.

    "What's the evidence of this? Much is circumstantial. Proving oil-trading manipulation is difficult. But numerous people familiar with the events insist that Citibank, Merrill Lynch and especially Goldman Sachs had knowledge about Semgroup's trading positions from their vetting of an ill-fated $1.5 billion private placement deal last spring. "Nothing's been proven, but if somebody has your book and knows every trade, it would not be difficult to bet against that book and put the company into a tremendous liquidity squeeze," says John Tucker, who is representing Kivisto."

    If this is what JPMorgan did just recently.  I suspect is it standard operating procedure?

    Judge Rakoff Nails JP Morgan 02/23/10

    "Why was Morgan negotiating with (its client's) Cablevisión's arch competitor to do a deal that would actually harm the holder of it's loan, Cablevisión?"

    Wall Street and Big Oil, a match made in the 9th Circle.

     

     

     

     

    Reply to: Much Ado About Oil   14 years 5 months ago
  • I just read that the russians used nukes to seal oil leaks many times to good effect: http://trueslant.com/juliaioffe/2010/05/04/nuke-that-slick/

    If they can do it, why can't we?

    It is inexcusable that more serious measures such as this haven't been employed to deal with this catastrophe. The only explanation is that it would harm BP's oil interests. And God forbid that Obama stop wagging his tail to his corporate masters long enough to do that.

    Reply to: Do you want our government to SHUT UP AND SOLVE IT on the oil spill?   14 years 5 months ago
    EPer:
  • I still have not found out if there are other leaks. Here is the Dylan Ratigan segment, which talks about that.

     

    Then, so far nothing has blown up but....they did have to lower the pressure fill rate considerably, which is why it's now projected to take 48 hours to see anything. That makes sense.

    I don't know anything about "O rings", sans it was a real problem with the Challenger! But notice this guy is claiming they skipped some components on the gear.

    Then, now the idea of the U.S. seizing super tankers is picking up. Saw that on CNN and elsewhere, yet in terms of the actual clean up, towards land, it's nowhere and people are just screaming bloody murder on that one, rightly so.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • "They say the top of the riser will turn gray if it's working, but no "spillcam" on it that I've seen."

    True, but it will also turn a gray or lighter color based upon the soap-like substance at the front of this "mud" which is being pumped in.

    Ergo, the coloration signifies nothing....

    Reply to: Much Ado About Oil   14 years 5 months ago
  • Can you believe the U.S. government isn't simply seizing BP and putting them under the military as well as seizing tankers?

    They have war powers and this is a war, an environmental disaster, emergency and they are continuing to defer to BP. It's one thing to let the engineers lead the show but it's another to let spin and inaction continue.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • IBM has been gutting any one who is an American for some time now. So, alliance@ibm, which is a struggling union of IBMers, ex-IBMers probably know the truth of this.

    Frankly it would not surprise me at all. IBM should be banned from all federal and state contracts. Their entire agenda lately is labor arbitrage and frankly, their products and services has significantly degraded. I do not know all of their products and services but I can tell you personally some of the things I've dealt with are pure caca. I'm sorry, they should be poster child for the ultimate shame of the tech sector and treating their U.S./American workers like crap!

    Reply to: The 13th Worker   14 years 5 months ago
    EPer:
  • There is a rumor on the web that IBM is planning on laying off 75% of their work force and then hiring them back as self insured contractors on demand when needed.

    That stat that scooter posted is scary. People can use these stimulus programs against recovery really.

    Reply to: The 13th Worker   14 years 5 months ago
    EPer:
  • That feed is meant to support the 5,000 barrels a day lie.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • The conversation that I blockquoted from the Rig with the BP manager was apparently concerning a testing procedure that should have been performed after someone accidentally bumped a joystick in the control room (an MMS rep?) that caused an accident down below.

    Oil Rig Workers Discuss the Incident

    This post from 'Oldsalt' was taken from another discussion forum and seems to be an indictment against BP.

    I have gone to the oildrum website & confirmed this story myself. When it first broke a couple of days ago their was a lot of drama attached which led me to believe it was not true. The confirmation of this news now removes any doubt that could have been left in my mind that BP was absolutely, undeniably beyond any shadow of a doubt guilty of gross neglegance leading to the disaster which occured on the eveing of 4/20/10. They had a substandard cement design which had to have been made or at least approved by their engineers. They had a wireline crew ON BOARD that they chose not to use to determine the strength of the cement bond & the undermining of it by nitrogen gas bubbles at extremely high temperatures. They had evidently approved or excused the jerryrigging of BOP tests that could not have occured without their knowledge as they had represintatives on baord the rig during this time. They disregarded the warning signs of failed negative hydrostatic tests against the casing hanger seals & cement job. They had to have lied to the MMS about those test results & sought approval for premature removal of the 14.3 PPG mud which they displaced with 8.7 PPG seawater causing the well to become underbalanced & allow for the migration of gas bubbles to destroy whatever strength the cement held & allowing oil to destroy the ability of the cement to cling to the casing & shale walls. They evidently continued to order the continued pumping of displacement fluid even though gauge pressures indicated they were already recieving a kick & had removed some if not all of the killweight mud from the rig which is required by indusrty standards & to be self enforced by MMS regulation.

    Thread for Above Post

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • Oh man, while they are focused in on a 6 inch rip, scientists are saying there has to be a much larger leak somewhere to create a slick the size of Delaware. In other words, this is a dinky leak and somewhere there is a massive one, with no "spill cam" or anything identifying it!

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • and (finally) the media is starting to get some underwater drilling/oil experts on TV explaining what's happening. They say the top of the riser will turn gray if it's working, but no "spillcam" on it that I've seen.

    We have politicians getting their 15 minutes wondering why this wasn't done earlier. I think that answer is technical probably, the pressure was too great is what I'll bet.

    Anywho, folks, you find technical answers please show the video so we can see how this is going.

    Reply to: Much Ado About Oil   14 years 5 months ago
    EPer:
  • That's from EP unemployment overview from April, which is an astounding number. That labor force total is ~ 155 million, give or take.

    I'm behind due to oil chat on writing up some things but my experience in digging around the BLS data (every month I've been writing these things up), is one has to extrapolate out a lot of the results and look very closely at the assumptions, the overall civilian population...

    it's a Sherlock Homes job. I need to start dates for this tax credit, the duration and then go into the BLS stats and probably extrapolate out the part-time data too.

    Reply to: The 13th Worker   14 years 5 months ago
    EPer:
  • Yeah, they break out those numbers:
    http://www.bls.gov/news.release/empsit.t08.htm
    So we should be able to see any effects if they occur

    Reply to: The 13th Worker   14 years 5 months ago
    EPer:

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