Them old BP Blues

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Re: Them old BP Blues

Postby Kim OHara » Wed May 19, 2010 9:45 pm

Update:
Gulf oil reaches powerful ocean current
Florida's pristine coast braced for the impact of an oil slick from a Gulf of Mexico leak borne by powerful ocean currents as efforts by BP to capture the flowing crude showed progress.
According to private forecasters at AccuWeather, tendrils from the massive rust-coloured oil slick have already entered the powerful Loop Current curling around the Florida Peninsula, which could take it east to the Florida Keys and possibly to Miami and Cuba within eight to 10 days.
British oil giant BP has marked some progress at siphoning some of the oil from the 1.6-kilometre deep well to an ocean vessel on the surface.
BP is now siphoning about 3,000 barrels per day of oil, said Tom Strickland, an assistant interior secretary. BP declined to comment on Mr Strickland's new estimate, which is up from about 2,000 barrels a day that BP said it is capturing.
BP has estimated 5,000 barrels per day has been gushing out of the well since shortly after an April 20 explosion on the Deepwater Horizon drilling rig that killed 11 workers. US politicians and scientists say the figure is unreliable and probably much higher.

More at http://www.abc.net.au/news/stories/2010/05/20/2904264.htm
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Re: Them old BP Blues

Postby alan » Wed May 26, 2010 2:53 am

We should know by this time tomorrow if the "top kill" idea worked. If it doesn't, the oil could just keep on gushing for months.
I like Andy's suggestion:http://www.borowitzreport.com/
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Re: Them old BP Blues

Postby Kim OHara » Wed May 26, 2010 3:54 am

alan wrote:We should know by this time tomorrow if the "top kill" idea worked. If it doesn't, the oil could just keep on gushing for months.
I like Andy's suggestion:http://www.borowitzreport.com/

:clap: :clap:

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Re: Them old BP Blues

Postby Tex » Sat May 29, 2010 11:23 pm

Watching CNN now, and apparently the "top kill" has officially failed.

I try not to be an alarmist, but I'm afraid this might be a much bigger deal than we non-oil-men are being told.
"The serene and peaceful mind is the true epitome of human achievement."-- Ajahn Chah, Living Dhamma

"To reach beyond fear and danger we must sharpen and widen our vision. We have to pierce through the deceptions that lull us into a comfortable complacency, to take a straight look down into the depths of our existence, without turning away uneasily or running after distractions." -- Bhikkhu Bodhi
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Re: Them old BP Blues

Postby alan » Sun May 30, 2010 4:25 am

Life Sux. And it ain't gettin' better anytime soon:http://www.nytimes.com/2010/05/30/us/30fishermen.html?hp
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Re: Them old BP Blues

Postby Kim OHara » Sun May 30, 2010 4:48 am

'Top kill' fails to stop oil leak

Government estimates showed the Gulf spill surpassed the 1989 Exxon Valdez disaster in Alaskan waters. (AFP: Win McNamee)
BP says the complex "top kill" manoeuvre to plug its Gulf of Mexico oil well has failed, crushing hopes for a quick end to the largest oil spill in US history already in its 40th day.
"We have not been able to stop the flow," said Doug Suttles, the London-based oil giant's chief operating officer.
"We have made the decision to move on to the next option."
That next option is called the lower marine riser package cap, one that captures oil from the well rather than plug it.
Mr Suttles said it could take four days or longer to show results.


More at http://www.abc.net.au/news/stories/2010/05/30/2913076.htm

Yes, Alan, it is bad and likely to get even worse before it gets better. But simply saying, "Life sux," doesn't help and isn't a smart (aka skillful) response.
This, like the Exxon Valdez spill, is a consequence of the risks run by companies (which, by definition, have no morals or ethics) to make their owners filthy rich out of our addiction to consumer goods. Indulge in risky behaviour long enough, you're bound to have a nasty accident.
It has happened. All we can do is deal with it as best we can.
For the future, we can reduce the risks by breaking the cycle.
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Re: Them old BP Blues

Postby alan » Sun May 30, 2010 4:58 am

Agreed, Kim. I was trying to make a humorous reference to this:http://www.dhammawheel.com/viewtopic.php?f=14&t=4429
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Re: Them old BP Blues

Postby Kim OHara » Sun May 30, 2010 7:22 am

alan wrote:Agreed, Kim. I was trying to make a humorous reference to this:http://www.dhammawheel.com/viewtopic.php?f=14&t=4429

That's okay, then :smile:
I suppose the spelling you chose should have alerted me, but I didn't make the connection.
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Re: Them old BP Blues

Postby Kim OHara » Sun May 30, 2010 10:57 pm

:coffee:

Offshore - Oil industry journal - 1997
A sustained ultra-deepwater (300 meters) blowout has not been experienced by the global petroleum industry. Is a deepwater blowout possible? If so, what are the prevention steps? With sustained controlled oil flow rates of over 13,000 b/d and plans for individual well rates nearing 30,000 b/d, the consequences of a sustained deepwater blowout would be severe. Drilling is proceeding into ever deeper water worldwide. A major deepwater drilling boom is underway in the US Gulf of Mexico. Current exploration is underway in over 2,300 meters of water in taking place. ….Blowout control options in ultra-deepwater are very limited. Blowout prevention is of paramount importance.

http://www.offshore-mag.com/index/article-display/23675/articles/offshore/volume-57/issue-1/departments/drilling-production/well-control-ultra-deepwater-blowouts-how-could-one-happen.html
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Re: Them old BP Blues

Postby alan » Mon May 31, 2010 3:08 am

Good research there, KIm. Interesting.

Here's an unusually thoughtful piece: http://www.msnbc.msn.com/id/37427532/ns/gulf_oil_spill/
The failure of Top Kill was a psychological blow to a lot of people.
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Re: Them old BP Blues

Postby Kim OHara » Mon May 31, 2010 5:19 am

alan wrote:Good research there, KIm. Interesting.

Thanks, but I can't take too much credit - I simply came across it amongst discussion on RealClimate http://www.realclimate.org/.
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Re: Them old BP Blues

Postby alan » Wed Jun 02, 2010 3:26 am

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Re: Them old BP Blues

Postby Kim OHara » Wed Jun 02, 2010 4:01 am


Interesting.
Now, to echo your question on another thread: BP's price is falling so fast that at some point it will presumably be a bargain. Would buying shares in the company - a major polluter with a history of over-enthusiastically green-washing its activities - then be kusala or akusala?
:tongue:

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Re: Them old BP Blues

Postby Kim OHara » Wed Jun 02, 2010 4:39 am

Just so you know what's at risk, here are some photos of Gulf wildlife before the spill, from a Flickr group set up for the occasion: http://www.flickr.com/groups/gulf_of_mexico_wildlife/pool/

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Re: Them old BP Blues

Postby alan » Wed Jun 02, 2010 4:47 am

edit again--the photo will load soon.
Last edited by alan on Wed Jun 02, 2010 5:24 am, edited 3 times in total.
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Re: Them old BP Blues

Postby alan » Wed Jun 02, 2010 5:02 am

I have had this argument with investment managers and my position is clear--no money in corporations egregiously violating right livelihood.
As for the future of BP, I'd say sell now. I'm looking at the possibility of the U.S. government taking the company into receivership. Sounds incredible but if the oil keeps gushing BP might not not exist as a stock in a few months. If nothing else, it's value will continue to decline into the foreseeable future.
-edit-next post is my favorite gulf beach photo.
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Re: Them old BP Blues

Postby alan » Wed Jun 02, 2010 5:26 am

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Re: Them old BP Blues

Postby Kim OHara » Wed Jun 02, 2010 10:49 am

Let's not forget to have fun along the way: http://xkcd.com/748/

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Re: Them old BP Blues

Postby alan » Wed Jun 02, 2010 7:39 pm

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Re: Them old BP Blues

Postby alan » Thu Jun 03, 2010 2:33 am

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