From Bryan;
I’m doing some consulting related to the oil spill. Since you posted about Salazar chasing away our offshore rigs, I wondered if you saw the news that the second rig was leaving the Gulf. 2 down, 31 to go.
You know you’re in trouble when businesses consider the US a more hostile environment than Congo.
Also, isn’t it sad that Salazar can get away with a drilling moratorium not because there is a clear threat but because there’s an unclear threat?
His whole memorandum (PDF) is filled with admissions that although the safety record of offshore drilling is good, he just doesn’t know all the risks.
Left unsaid is that BP had to do a lot of things wrong to cause the blowout (see this nifty infographic and the links in it), and BP has a much worse record of risk-taking, safety violations and accidents than its competitors (even the NYT says so.)
Meanwhile there’s a Setback: BP cap in limbo over gov’t questions. 213,000 comments and counting…. Rigzone calls it “a strange turn of events”.
It is unlikely any amount of rational thinking will suddenly engulf this Administration and cause them to allow BP to continue its tests on the cap.
While the decision to continue capturing oil with some spillage (instead running tests that could lead to temporary capping ahead of the relief well) is the most cautious approach, the choice seems to lean more towards public relations risk avoidance by the US than a thoughtful consideration of what is most prudent.
It certainly appears that this was a more unilateral decision made by U.S. and in our minds illustrates that stopping the oil flow as quickly as possible is now not the governments primary objective. Think about this folks – the government had no qualms about BP trying to close the well previously using the ROVs to trigger the shear rams, why are they so concerned about the well structure now? Clearly, the government’s new logic is at odds with what they were previously commanding BP to accomplish.
Video and helpful doses of paranoia here.
Update: Looks like the Rigzone piece was yanked. Good thing I quoted it while I still could….
If your goal is to destroy American wealth and prosperity, and its superiority in general, and to drive that wealth, etc. elsewhere, why would you take steps to stop a disaster that was helping you achieve that goal? From Obama’s point of view, things are working out.
The oil industry, like NASA, economic regulation, health care, and every institution and every part of the economy, is for Obama a tool to be used for “affirmative action”.
The link to Rigzone is busted – I wonder if they got an angry call from the White House…
The Dems are getting their togas in knots about a TEAPARTY billboard lumping OBAMUGABBE in with Hitler and Stalin…….
Same elements who did the McChimpyBush/Hitler thing for 8 straight years……
OBAMAMUGGABE is firing on Fort Sumpter with his Arizona law suit………
I suspect this is the crisis the Dems need to suspend the November Elections.
It really difficult to identify the trigger of wars and civil wars…..it is not difficult to detect the tension though…….
The far left democrats are as nervous as a long tailed cat in a room full of rocking chairs.
Also, isn’t it sad that Salazar can get away with a drilling moratorium not because there is a clear threat but because there’s an unclear threat?
His whole memorandum is filled with admissions that although the safety record of offshore drilling is good, he just doesn’t know all the risks.
Geez, if only BP had constructed caps of Rearden Metal instead of steel. Oh, wait..
It looks like shut in tests are underway.
http://www.bp.com/sectionbodycopy.do?categoryId=9034366&contentId=7063636
Syncro
Not good. csg fkd.
Syncro
Wanna bet Sorros wants those rigs in Brazil for Petrobas??
This drilling moratorium stinks but its being driven politically all right.
From Reuters
http://www.reuters.com/article/idUSN1115006620100611
Fri Jun 11, 2010 1:53pm EDT
* Brazil may pick up rigs idled on moratorium
* Could help the country’s offshore campaign
* Deep water rigs in tight supply around the world
(…)
“Even as an ecological catastrophe makes the future of U.S.
offshore drilling less certain, Brazil is plowing ahead with a
$220 billion five-year plan to tap oil fields even deeper than
BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.”
and remember…
“FlashBack: Obama pumps U.S. taxpayer money into Soros investment–Brazilian offshore drilling company Petrobras .”
And who benefits?
“Update: Who else besides Obama has taken an interest in Petrobras? Hmmmmmm:
His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.
Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …”
Like they really needed …”The Obama administration has committed $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum.
http://current.com/news/92502540_flashback-obama-pumps-u-s-taxpayer-money-into-soros-investment-brazilian-offshore-drilling-company-petrobras.htm
That may be oil from the well on those southern beaches but all that slime is from Washington.
test
Paging Alex Jones!
It is time to realize that there are people of evil intent running the United States Government. Stupid incompetent people would not behave this way. They would not be this determined to screw up the oil supply to the U.S. The moratorium did not make the gulf safer Oil Tankers still sail through and foreign countries still drill. The proof in the pudding is Brazil. To support this and not your own means that you have evil intent against your own country. The United States Government is becoming a Clear and Present Danger to Civilization because to remove the oil supply from it is to stop it.
ABUNDANCE OF CAUTION. This is code for voting present.
There seems no question that the moratorium thing is part of some crooked game being played by the Obama regime. I say the regime because I don’t think Barry is smart enough or even cares enough to set something like this up. He’s got what he wanted, to swan about as King Of The World and eat Kobe beef off golden plates in the White House.
All that remains to be seen is whose crooked idea it was and where the money will end up.
The whole Obama phenomenon has the feel of reckless kids stealing the keys to a tractor. They’re pounding on the thing, driving it around doing wheelies, stealing the shiny parts off it to take home, and they don’t realize they can -break- it. Like, beyond repair. And then they and everybody else will be screwed, because how are they going to get the crops in?
Moving the manufacturing base to China and other markets. Check.
Moving off shore drilling to other overseas markets. In progress.
Collapse of USA. Imminent.
Destruction of Democracy on a planetary scale. In the works.
How many *cough* Muslims were consulted or hired for this oil spill clean up project?
Think of it, the opportunity to put all their science and mathematical skills to use I keep hearing about.
With NASA and BP now, it’s a shoe in for Middle East peace!