A deadly bubble?
June 20, 2010
Brasscheck TV
6/20/2010
Richard Hoagland is a scientist who has been a long term critic of secrecy and fraud at NASA.
In this interview, Hoagland talks about the discovery of a massive gas bubble associated with the BP well.
Have I verified this information? No.
What I do know is this:
- The mainstream new media is focusing on the leak at the drill site and ignoring the oil-leaking fissures surrounding the drill site.
- They’re also ignoring the presence of vast quantities of toxic gas that are being released along with the crude oil.
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2 Comments
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Harold
Re perported doom – Additional comments from Dr. Henry Crichlow, former Chairman of Petroleum Schgool of Engineering, University of Oklahoma, and leading blow out specialist worldwide:
These comments are w/o any scientific merit. The pressure discussed are impossible. If these levels were correct the initial drilling would have shown these pressures when they tried to set the original casing with mud in the hole. They are actually many more wells in the area drilled deeper than the BOP well w/o any problems. BP missed 7, yes 7 indications and warnings, the 7th killed them.
As for the methane catastrophe, even at 100,000 barrels per day, the total volume of gas emanating from the leak would be 100,000 B/D x 1,500 SCF/Barrel to equal about 150 million cubic feet of gas per day. That is less than the gas that NIGERIA flared every day for 30 years because they had no gas pipelines. Also all the companies in South America flared a lot of gas. Also all the cattle worldwide belch and vent millions of cubic feet of gas daily.
There is no basis to the methane scare.
Re oil spills. Regardless of the amout escaping, there are a number of technologies to capture all of it. The 32 centrifuge machines of Kevin Costner’s OTS.org will suck up 200 gal per minute each of oil and water and separate clean water and oil. There is a plant in Azerbaijan that was cleaning up the vast oil ponds separateing oil, sand and water, leaving clean sand, clean water and marketable oil at a rate of 600 galons per minute, each plant costing $2 million owned and operated by the Independance Oil Sand Separation Plant. BP UK knows them well as they used to process their oil sludge in Azerbaijan. The oil sands of Canada owned by Dome Oil of the Hunt family have mroe oil than all of the Middle East.
Re the affect of the oil spill in the Gulf, a Senator asked Hayward about the well size, thinking it was 500 million Barrels, and Hayward responded that it was a pocket 50 million brls that they had intended to extract at a rate of 35,000 brls per day, and that once they drilled several other relief wells they would cap them off, expected some time early August. So much for dooms day scenarios.
Nigeria is one giant oil spill and unfortunately it still exists.
One of the biggest oil fields that ever existed burst due to mother nature aeons ago… one of the majors drilled it in the arctic and came up dry after spending about a billion USD – the verdict was that the oil escaped long ago – otherwise it would have been one of the largest discoveries ever.
Again so much for Doomsday scenarios
As my article below states (see weblink)Dr. Henry Crichlow, former Chairman of the Petrolium School of engineering and the world’s leading blow out speialist, has already provided many outlets at the Administration and BP (which has to get approval for anything they do from the Administrartion befofe proceding, while hundreds of top petroleum engineers agree with Dr. Crichlows solutions to quickly take control of the well and its production or cap it off, but the Administration won’t let it get through.
Here’s my article:
The “New Normal” completing the regulatory “Regime change” started November 9, 2007
Re media question Government or BP to blame:
Answer: Government’s political agenda to blame BP part of a broader goal to “Regime change”
With all the solutions available from the Private Sector and from around the world since day one, Obama has stalled on allowing any of these going forward for 4 reasons
1) To increase the power of government over the private sector. To allow Private Sector to solve the problem would defeat and undermine Obama’s assertion that only government and government owned companies, bureaucracies and labor can provide the solution to a Private Sector he sees as inherently evil, given that he refused to meet with BP to sort out a working relationship to cut through all bureaucratic red tape and political opposition of Big Labor, environmentalists, etc. to solve the spreading oil spill, while BP attempts to cap the Deep Water Horizon well, the government forcing BP to drill in 5,000 feet, one of the deepest wells ever drilled, when BP wanted to drill in 500 feet. However, the result of the blow out has been that the government, Obama and Congressional Democrats have threatened and talked down BP and its efforts, on the one side requiring BP to obtain approvals from the Admiralty, while on the other vilifying the BP President and CEO during Congressional hearings, due to government’s own delays. BP’s expertise is in the assembling of subcontractors and the expediting of their management, which the Administration has to a large extent blocked. Instead of working with BP, the Obama Administration failed to grant requested wavers to the 1920 Jones Act that would have allowed foreign ships and Dutch skimmers to enter US water, refused international assistance from 33 countries, stalled and minimized Louisiana’s creation of sand barriers, and refused to heed numerous private sector solutions. One of these, offered May 3rd was from Dr. Henry Crichlow, the leading blowout specialist worldwide, who developed the blow out engineering after Gulf War I for 800(+) wells in Kuwait, provided quick relatively inexpensive solutions to either recover the oil with the Crichlow connector from the pipe a mile down or Kill the Spill completely. Orchestrating a crisis, Congress threatening to put BP into receivership, with Obama playing to the radical left that a takeover BP’s assets was an option, if they could not force BP to allocate $20 billion in an escrow for a government appointee to administer (Agreed). The result was that the US government has succeeded to cause a FITCH downgrade BP’s unsecured debt from AA to BBB, with BP shares loosing $90 billion market cap BP despite BP’s balance sheet of $70 million liquid assets, $240 billion total assets, $104 billion equity creating a crisis for BP. The Obama Administration demanding that it make payments it had already agreed to make, thus financially weakening the very company the government asserts it wants to be able to shoulder the burden of the fines, the oil cleanup and claims of lost revenues for the Gulf States. After meeting BP’s executives, Obama talked up BP as a solid company.
2) Force Obama’s cap & trade bill and energy tax through Congress. Under the Obama policy of “don’t let a good crisis go to waste,” the crisis had to get bad enough that Obama had the “audacity” in his Oval Office speech to the nation to come contrive and justify Cap & Trade. Since the beginning of the blow out, the Private Sector and States have been fighting with the Administration to get approvals to take action. However, the longer the Administration could stall, the worse the situation would become for BP, the States and Gulf coast businesses, exacerbating a crisis further by creating a moratorium on current and new shallow water drilling threatening hundreds of thousands of job.
Cap & trade, involving a Chicago carbon exchange and other companies that Obama and/or his associates may have financial interests in, was all but dead in the water until the BP oil blow out crisis renewed “hope” that he could revive it again. Cap & Trade is designed to increase the cost of energy to the private sector by more than 10 percent, lowering GDP in the process.
Organization for Economic Cooperation and Development (OECD) studies have demonstrated that, for every 1% reduction in the cost of energy there will be a 3% increase in manufacturing and industrial output.
This occurred when President Reagan deregulated the oil industry, creating an economic boom. Obama is moving in the opposite direction, i.e., that of higher taxes and a more permanent federal government control.
3) To affect “regime change” toward statism. Why would the Administration willfully let the Coastal region be damaged, destroying revenues and lives to create a crisis, as an “end justifies the means” call for Cap & Trade? The answer is that we just need to look at the cause of the systemic financial crisis itself, which was intended to achieve, as Mohamed El Erian CEO PIMCO on CNBC Squawk yesterday himself called it: “Regime change” in the US and globally.
“Regime change” in the United States entails a paradigm shift away from free enterprise capitalism and the establishment of a socialist government which assumes ownership and control of capital and human resources. Its projected culmination to a “New Normal” of slow economic growth and bigger government within 4 years will make it forever impossible for the U.S. to reinstate the free enterprise capitalist system, as every political and social act will be dictated by the elite in Washington.
Such “Regime change” was facilitated by the government’s stealth regulatory change on November 9, 2007from hold to maturity accounting to “mark-to-market” accounting, which caused the collapse in private sector capital formation and access to credit in 2008 and 2009, unless accompanied by government ownership or guarantees that allow such debt to be reclassified under the government’s sole right hold to maturity valuation.
Without the mark to market regulatory change, the markets would not have collapsed and we would have still a booming economy. Instead, we have a loss of over $10 Trillion in private sector wealth and a shifting of private sector ownership and control of capital to the government and Fed. Thus, clearly, if the government and “special interests” are willing to orchestrate an unmitigated economic collapse allowing over $10 Trillion in Private Sector savings to be lost to affect a Regime change to a New Normal culminating in their total ownership and control of financial and human recourses, then government stalling in its response to the oil spill to create a crisis to justify the resurrection of Cap & Trade to further such Regime change is small potatoes by comparison.
4) To start the nationalization of oil and other major industries. An outright government takeover of BP and other oil companies could be the next phase of Obama’s “regime change” policy. When you consider that, prior to Reagan’s deregulation of oil when he took office, high priced oil from the West subsidized virtually the entire Soviet Union Planned economy and War machine, it’s easy to surmise that government assuming ownership of oil properties and oil production could be on the horizon for BP and others, again under the guise of exacerbate crisis.
To read entire article click weblink below: http://admc24-7city.com/files/V/the_new_normal_which_completes_the_regulatory_regime_change_that_started_november_9_2007_8.5x11_061710.doc
Pieter Samara – pietersa@loxinfo.co.th +66898199980
* Pieter Samara is a citizen of the United States of America who currently lives in Bangkok, Thailand. He has been an entrepreneur his entire working career, developing and managing his own businesses. He is currently the CEO of ADMC – Asset Development and Management Company Private Limited, based in Singapore, currently developing a 30 hectares “live-work-play” BPO call center city campus along the Manila Bay http://admc24-7city.com. He also maintains his position as Chairman & CEO of AAAC – American Asset Acquisition Corporation (Hong Kong) that specialized in global project financing (for Thailand and China since 1998), bank systems and asset resolution advisory and bank acquisitions. His earlier career included establishing and operating a US mortgage bank specialized in commercial real estate loans and securitization, representing US asset managers in Europe, coal and shipping business, started and ran a US East Coast sandblasting and painting company, and a vegetable juice company. He has also written of papers on the economics of the bank regulatory mechanism.
— Footnotes:
[1] Jones Act: http://en.wikipedia.org/wiki/Merchant_Marine_Act_of_1920
[2] Dr. Henry Crichlow: http://admc24-7city.com/files/W/hbc_resume-2009_complete.pdf
[3] recover the oil: http://admc24-7city.com/files/W/blowout-bp-letter.pdf
[4] Crichlow connector: http://admc24-7city.com/files/W/crichlow_connector.pdf
[5] Kill the Spill: http://killthespill.blogspot.com/
[6] BP’s balance sheet: http://finapps.forbes.com/finapps/jsp/finance/compinfo/FinancialIndustrial.jsp?tkr=bp&period=qtr
[7] called it: http://www.cnbc.com/id/37702399
[8] Regime change: http://admc24-7city.com/files/V/the_new_normal_which_completes_the_regulatory_regime_change_that_started_november_9_2007_8.5x11_061710.doc