Wednesday, June 30, 2010

Oil spill could destroy communities, generations

What can go wrong will go wrong. Such is the case for the Gulf Coast and the unending saga of the BP oil spill that's now in its eleventh week. What's wrong now is this: winds from Hurricane Alex are pushing tar balls as large as apples onto Gulf Coast beaches. This has stopped cleanup efforts momentarily and even undone some of the spill control. As one marine scientist put it: "We lost all the progress we made." But the winds picking up are a giant concern for something else.

World Largest Oil Skimmer Arrives in the Gulf of Mexico

A Taiwanese-owned ship billed as the world's largest skimming vessel is preparing to sail to the scene of the Deepwater Horizon disaster in the Gulf of Mexico. (June 30)

BP Trying To Sink Oil With Dispersants?

Is BP Trying To Sink Oil With Dispersants?


CNN--Strong allegations from an executive who will testify before a Senate panel that BP is sinking oil by using dispersant.
BP dispersants sinking oil executive testifies Anderson Cooper skimmers spill gulf of mexico Senate panel

Tuesday, June 29, 2010

BP Looking to Raise $5B-$10B in Capital

FBN's Charlie Gasparino reports that BP is looking tap big banks for additional lines of credit.

Saturday, June 26, 2010

BP Oil Spill - 16 Burning Questions

BP Spill - 16 Burning Questions


http://theeconomiccollapseblog.com

The following are 16 questions about the Gulf of Mexico oil spill that we really need some answers to....

#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used "as
needed" by state governors. So what are all of these National Guard troops going to be doing exactly? Are the troops going to be used to
stop the oil or to control the public?

#2) Barack Obama has also announced the creation of a "Gulf recovery czar" who will be in charge of overseeing the restoration of the Gulf
of Mexico region following the oil spill. So is appointing a "czar" Obama's idea of taking charge of a situation?

#3) Because it is so incredibly toxic, the UK's Marine Management Organization has completely banned Corexit 9500, so if there was a major
oil spill in the UK's North Sea, BP would not be able to use it. So why is BP being allowed to use Corexit 9500 in the Gulf of Mexico?

#4) It is being reported that 2.61 parts per million of Corexit 9500 (mixed with oil at a ratio of 1:1o) is lethal to 50% of fish exposed to it
within 96 hours. That means that 1 gallon of Corexit 9500/oil mixture is capable of rendering 383,141 gallons of water highly toxic to fish. So
why was BP allowed to dump 1,021,000 gallons of Corexit 9500 and Corexit 9527 into the Gulf of Mexico, and why aren't they being stopped
from dumping another 805,000 gallons of these dispersants that they have on order into the Gulf?

#5) If these dispersants are so incredibly toxic to fish, what are they going to do to crops? What are they going to do to people?

#6) If the smell of the oil on some Gulf beaches is already so strong that it burns your nostrils, then what in the world is this oil doing to to
wildlife that encounter it?

#7) Is it a bad sign that birds from the Gulf region are flocking north by the thousands?

#8) Why is BP being allowed to use private security contractors to keep the American people away from the oil cleanup sites?

#9) Why is BP openly attempting to manipulate the search results on sites like Google and Yahoo?

#10) Why has the FAA shut down the airspace above the Gulf of Mexico oil spill? What don't they want the American people to see?

#11) Senator Bill Nelson of Florida says that there are reports that there are additional ruptures in the sea floor from which oil is leaking. If
there are quite a few of these additional ruptures, then how in the world does BP expect to completely stop this oil leak?

#12) Why are scientists finding concentrations of methane at up to 10,000 times normal background levels in Gulf waters?

#13) At some testing stations in the Gulf of Mexico, levels of benzene have been detected at over 3000 parts per billion, and levels
of hydrogen sulfide have been detected as high as 1192 parts per billion. Considering that these levels would be highly toxic to humans,
why hasn't the general public been warned?

#14) Why are so many Gulf oil spill disaster workers showing up at local hospitals complaining of a "mysterious illness"?

#15) If "70% or 80%" of the protective booms are doing absolutely nothing at all to stop the oil, then what is going to stop the millions of
gallons of oil in the Gulf from eventually reaching shore?

#16) It is being reported that the deepsea oil plumes are creating huge "dead zones" where all creatures are dying as they are deprived of
oxygen. If this oil spill continues to grow could the vast majority of the Gulf of Mexico become one gigantic "dead zone"?



Comment:

BP dumps 1,021,000 + 805,000 = 1,826,000 gallons of Corexit into the ocean

One gallon of Corexit poisons 383,141 gallons of water.

Therefore 1,826,000 gallons of Corexit poison 1,826,000 * 383,141 = 699'615'466'000 gallons of water

1 gallon U.S. equivalent to 3.79 liters.

699'615'466'000 gallons of water = 2'651'542'616'140 liters of water

therefore: BP poisons 2'651'542'616'140 liters of water

in that amount of water 50% of the fish exposed to it will die within 96 hours

Friday, June 25, 2010

Storm Brewing Near Gulf Oil Spill

AssociatedPress | June 25, 2010 Coast Guard officials are making preparations for what could turn into a hurricane. A tropical cyclone is forming south of the Gulf of Mexico and is headed toward the oil spill area. (June 25)

Oil Prices to Push Higher

Thio Chin Loo, senior currency strategist at BNP Paribas, speaks to CNBC’s Chloe Cho, Anna Edwards and Yousef Gamal El-Din about the impact of yuan revaluation on oil prices and commodity currencies.


Thursday, June 24, 2010

BP Alaska a ticking time bomb

CNN--Mark Kovac, a BP employee, says that their Prudhoe Bay operation could wind up worse than the Gulf. Randi Kaye reports.

Gazprom accuses Belarus of having taken 20% of gas for Europe

June 24 - The Russian gas giant Gazprom accuses Belarus of having taken 20% of gas for Europe. Still, Gazprom announced that it paid for its gas transit through Belarus $ 228 million, a sum covering the period from November to December 2009 to early 2010. The company 'paid $ 1.45 per thousand cubic meters of gas transported a hundred miles, for a total of $ 228 million.

Black Beach: BP oil turns white sands ugly

A cap is back in place on BP's broken oil well after a deep-sea blunder forced crews to temporarily remove what has been the most effective method so far of containing some of the massive Mexican Gulf oil spill. Engineers used remote-controlled submarines to reposition the cap after it was off for much of the day. It had captured 700,000 gallons (2.7 million liters) of oil in 24 hours before one of the robots bumped into it.
Meanwhile white Florida beaches are now turning black. Video by Michael McLean.

Wednesday, June 23, 2010

Gas War Moscow-Minsk The Whole EU under attack

Reduced supplies to Lithuania. Brussels says it is an attack against the whole EU


BRUSSELS, Jun 23 - The gas war between Moscow and Minsk made a first European victim: Lithuania, which depends on Russian supplies by 100%. The small Baltic Republic reported today in less than 40% of Russian gas transiting Belarus. The reaction of the EU commissioner for energy, the German Ottinger, 'was immediate and harsh:' It 's not a problem for one country, ' it is an attack against the entire European Union, 'he said after the meeting with Ukrainian Minister of Energy.

Oil: closing down in NY, -1.9%

Crude traded at $ 76.36 a barrel

NEW YORK, Jun 23 - Oil closed down in New York, where prices fall by 1, 9% at $ 76.36 a barrel.

Oil rain: BP black gold lands on Louisiana

June 23, 2010 — Louisiana residents witness a strange rain that leaves oil puddles near their homes.Oil rain raining Louisiana gulf of mexico rig spill BP deepwater horizon

Tuesday, June 22, 2010

Newt Gingrich On Obamas Handling Of Gulf Oil Crisis - 06/21/10

From FOX's Bill O'Reilly: Newt Gingrich On Obama's Handling Of Gulf Oil Crisis - 06/21/10

BP CEO Tony Hayward Denies BP Recklessness Led to Gulf of Mexico Oil Disaster

Grilled by Lawmakers, BP CEO Tony Hayward Denies BP Recklessness Led to Gulf of Mexico Oil Disaster

Lawmakers accused BP CEO Tony Hayward of stonewalling on Thursday after hours of tough questioning about the oil spill his company caused that has spiraled into the worst environmental disaster in US history. Hayward was testifying before the House Energy and Commerce Committee. In seven hours of hearings, he faced a barrage of questions about BP’s cost-cutting measures and how early he was informed about problems with the well that exploded sixty days ago, on April 20th. We play excerpts.

Monday, June 21, 2010

Oil Spill Costing Seafood Retailers

June 21, 2010 — Scott Bernstein of JMS Seafood on how the oil spill affects his oyster sales.

BP Eyeing Bank Lines of Credit ?

June 21, 2010 — FBNs Charlie Gasparino weighs in on whether the oil giant will look to a bond deal in order to fund relief efforts.

Did BP Understate The Size Of Oil Spill?

Bankruptcy Would Be Disaster for BP

Gulf Oil Fund Administrator Kenneth Feinberg discusses whether BPs financial responsibilities will steer the company toward bankruptcy.

Public lynching of BP CEO

June 21, 2010 — Thursday BP CEO Tony Hayward made his way to Capitol Hill to get grilled by lawmakers who were hoping to find out the cause of the oil spill that has been devastating the Gulf for the past 8 weeks. The media circus and scene was eerily similar to the frenzy surrounding the grilling of Goldman Sachs executives a few months ago and the big 3 automaker CEOs two years ago. So what's up with America's obsession with the "public execution" of these CEOs?

Lady Gaga Boycotts BP

Several celebrities, including one huge star, are now boycotting BP. But will a boycott help the crisis?

Max Keiser on Oil Spill: Rewarding Eco-Terror

Max Keiser on Oil Spill: Rewarding Eco-Terror

June 21, 2010 — This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of financial news presenters speaking in tongues, EU commissioners threatening the return of dictatorships and European fund managers piling into Australian property. Watch the full Episode №53 on Tuesday.

BP rig worker reported oil leak weeks before Deepwater Horizon disaster

June 21, 2010 — A rig worker has claimed that he told both BP and the rig operator of a problem with a piece of equipment blamed by many for causing the oil spill in the Gulf of Mexico. He says he gave the warning weeks before the explosion at the rig, and says the problem was not fixed at the time. Tyrone Benton says that he spotted a leak on the rig's Blowout Preventer (BOP), the device that is meant to shut the well down if there is an accident. He told the BBC's Panorama programme that both BP and Transocean, who owned the rig, were informed of the leak, and the faulty part -- a control pod -- was switched off rather than being repaired. This comes as BP announced that the 2 relief wells that are being drilled to stop the oil spill will not be completed until August.

Sunday, June 20, 2010

BP accused of downplaying amount of gushing oil



AlJazeeraEnglish — June 20, 2010 — A US congressman has accused BP of playing down its concerns about the volume of oil gushing into the Gulf of Mexico.

Representative Ed Markey, the chairman of a subcommittee of the House Energy and Commerce Committee, released an undated, internal BP document, which estimates a worst-case scenario oil flow of 100,000 barrels (15.9 million litres) of oil per day.

"Right from the beginning, BP was either lying or grossly incompetent," Markey told NBC's Meet the Press programme.

"First they said it was only 1,000 barrels, then they said it was 5,000 barrels."

The current upper limit of the US government's estimate is 60,000 barrels per day.

Toby Odone, a spokesman for the British-based energy giant, said the worst-case estimate applied only to a situation in which a key piece of equipment called a blowout preventer was removed.

"Since there are no plans to remove the blowout preventer, the number is irrelevant," he said.

Al Jazeera's Rosiland Jordan reports.

Outrage as BP CEO Spotted at Yacht Race

Outrage as BP CEO Spotted at Yacht Race
June 20, 2010 (2:45)
BP CEO TOny Hayward is again the subject of intense criticism after the revelation he attended a yacht race 4,500 miles away from the Gulf of Mexico.


BP OIL spill update with Captain Kelly Sweeny and Economic update



Captain Kelly Sweeney is a Master Mariner, holding the highest Captain's license the Coast Guard issues to commercial mariners. He graduated from the California Maritime Academy in 1983 with a Bachelor of Science degree in Nautical Industrial Technology. Captain Sweeney has worked on oil tankers, container ships, oceanographic ships, high-speed passenger vessels, large oil spill response vessels, fish processing ships, ocean-going tugboats, a car carrier, and a crew boat. He continues to go to sea for a living.

In addition to his career as a mariner, Captain Sweeney is also an experienced professional writer. He is a columnist for the widely circulated magazine "Professional Mariner," and is the author of the book From The Bridge.

With his wife, Frances, Captain Sweeney also operates Maritime Headhunters, a job placement and maritime career counseling company - and encourages interested Coast to Coast AM listeners to contact him there."

Saturday, June 19, 2010

Crude Lies: Americans Not Getting Truth About Gulf Gusher

By Jim Traficant

America experienced long gas lines in the 1970s. Gasoline was rationed, fuel costs rising through the stratosphere. So Congress created a Department of Energy. Another bureaucracy, this time with one major goal: Reduce our dependence on foreign oil.

Sounded good, didn’t it? Wow, we’re finally going to do something about this oil thing. This trade deficit thing: oil. No more hard times. Yellow brick road forever.

Right. Who’s kidding whom? America is more dependent on foreign oil today than we were in the 1970s. So much for the Department of Energy. It’s nothing more than a big expense to taxpayers. The same goes for the Department of Education. States can handle their educational programs.

The truth is we have too much federal government— way too much. Think about it: There are more government workers today than factory workers in America. We have no program, no strategy of economic revival, but that’s a subject for another day. Today, it’s all about oil. Everyone is stunned by the oil spill in the gulf. Hour after hour, there are news updates on the massive leak of a BP well in the Gulf of Mexico. Some say up to 1 million gallons are flowing into the open water each day.

Engineers from all over the world are trying to stop the spill. Every possible methodology is being employed or subject to experimentation. Bottom line: In the next two months as much as 60 million gallons of oil will foul the gulf waters and beaches from Louisiana to Mississippi to Alabama to Florida.

The problem is much greater than the mainstream media is portraying. I do not believe that the American people are getting the unvarnished truth about this disaster. I believe BP and the government are hiding the true consequences of this, hoping against hope that a miracle will save the day and seal this huge fracture. But hope won’t get it. At least the American people can be informed, truthfully informed.

Just what is the truth? Let’s review some facts and analyze the “science” of this disaster.


Experts agree that the pressure that blows the oil into the gulf waters is estimated to be between 30,000 and 70,000 pounds per square inch. If they are correct, and I have no reason to doubt them, this spill is impossible to control. That’s right, I say impossible. There will be massive destruction in and around the gulf. The carnage to the United States will be staggering. Florida is in grave jeopardy, according to many scientists.

The scenario is clear: Super-high-pressure release of oil from the gulf floor is between 60,000 to 80,000 barrels per day. But that’s not all of it. In addition to the massive, high-pressure flow of oil and toxic gases, rocks and sand spew forth as well. This is dangerous.

These rocks and sand cause a sort of “sandblasting” effect on the remaining wellhead to be worn and thus, enlarged, causing an even greater, increasing flow. They now maintain that even if some device could be placed onto the existing wellhead, it would not be able to shut off the flow.

Be advised that the original wellhead piping is about two inches thick. It’s likely to be less than one inch thick now, and thinning, from this “sandblasting” effect. The oil has now reached the Gulf Stream and is entering the oceanic currents, which are four times stronger than the gulf current. What does this mean?

The science is clear: the strong oceanic currents will carry it throughout the world within 18 months. Scientists warn that the oil with the gases, including benzene and other toxins, are now depleting the oxygen in the water and will begin to kill all life in the ocean. The wellhead must be capped. Slant-drilled pressure relief “valves” will take two months to complete. If the sandblasting effect is not abated, the drilled hole in the Earth will enlarge itself beneath the wellhead and weaken the area the wellhead rests upon. The great pressure will blow the wellhead off the drilled hole, allowing unrestricted flow of oil.

Eventually, after several billion barrels of oil have been released, the massive cavity beneath the ocean floor will begin to normalize, allowing water to be forced naturally into the huge cavity where the oil was. The temperature in that cavity is 400 degrees, at minimum. The incoming water will be vaporized and turned into steam, creating an enormous force, which will actually lift the gulf floor.

One thing is certain: A massive tsunami wave between 20 to 80 feet high will be created while gravity forces the gulf floor to fall into the cavity. This is how nature seals the hole. Everything within 200 miles is in grave danger.

Man drilled the hole, but nature will seal it, if man fails to do so. This is no ordinary spill, folks. At least we should be informed—truthfully, that is. Get back at me.


Not Copyrighted. Readers can reprint and are free to redistribute - as long as full credit is given to American Free Press - 645 Pennsylvania Avenue SE, Suite 100 Washington, D.C. 20003


As Oil Spills, BP CEO Attends Yacht Race in England

AssociatedPress — June 19, 2010 — BP chief executive Tony Hayward, often criticized for being tone-deaf to U.S. concerns about the worst oil spill in American history, took time off Saturday to attend a glitzy yacht race off England's Isle of Wight. (June 19)

Lindsey Williams - B.P. Oil & Industry Update - Radio Liberty 17 june 2010



Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.

After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

Minister Lindsey Williams, who once served as a chaplain for the oil companies operating in Alaska, shared what he claimed to be the "real story" behind the Gulf oil crisis. He explained that, in the 1970's, Russia drilled over 40,000 feet into the ground and discovered abiotic oil, i.e. oil which replenishes itself via an as-yet-unknown chemical process. The off-shore drilling done by BP in the Gulf of Mexico, Williams said, was their attempt to create a similar super-deep well and access this same abiotic oil. However, according to his sources, the pressure from this pocket of abiotic oil in the Gulf was so great that it burst all the safety valves on the floating platform.

Williams went on to allege that oil industry insiders believe that the only method to stop the flow of oil in the Gulf is via a nuclear device and even that has potential for catastrophic results. Bell, who rejoined the conversation in the fourth hour, agreed with Williams about the potential danger of using a nuke to thwart the spill because it could "pop the bubble" and cause all of the underground oil to emerge simultaneously. On the potential long term effects of the crisis if the flow of oil is not stopped, Bell speculated that it could reach Europe within three years through the Gulf Stream. Additionally, Williams observed that the overwhelming amount of dangerous gasses, which are also being released from the disaster, could be swept along the East Coast should a hurricane arrive in the Gulf.

BP puts profit before safety

June 18, 2010 — Two months into the massive oil spill sparked by an explosion that killed 11 people and sank BP's Deepwater Horizon oil rig in the Gulf of Mexico, the oil giant's safety record is coming under increasing scrutiny.

US legislators detailed a long list of criticisms against the British energy firm as they grilled Tony Hayward, its CEO, in a series of congressional hearings this week.

And, this is not the first time a senior BP executive has had to publicly answer for the company's safety record.

Last year the US Occupational Safety and Health Administration found hundreds of violations at BP's refinery in Texas City, in the US.

Al Jazeera's Cath Turner reports. (June 19, 2010)

Friday, June 18, 2010

Drilling Taking Hit From Oil Disaster

June 18, 2010 — International Petroleum Institute President Virgil Allen on how the oil spill has impacted business.

Will Oil Spill Renew Support of Nuclear Energy?

Fmr. Tennessee Valley Authority Chairman Glenn McCollough on the oil spill's impact on alternative energies such as nuclear.

BP Oil Spill crisis a wake-up call for energy industry says Medvedev

June 18, 2010 — President Medvedev wants to loosen government controls and open the doors wider to foreign investment. He told global business leaders in St. Petersburg that he hopes to turn Russia into an innovative economy to overcome its dependence on oil and gas.

Thursday, June 17, 2010

BP CEO Gets Rough Reception

June 17, 2010 — 'All-Star' panel discusses BP boss on Capitol Hill

Gulf Fisherman Angry after Hayward Hearing

Gulf Fisherman Displeased With Hayward Hearing

June 17, 2010Louisiana business owner Dean Blanchard on the testimony of the BP CEO and what he hopes will come from the hearing.

Lindsey Williams on The Oil Spill Disaster - Jeff Rense show 14 June 2010

Lindsey Williams on The Oil Spill Disaster - Jeff Rense show 14 June 2010





Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Trans-Alaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company.
Because of the executive status accorded to him as Chaplain, he was given access to the information that is documented in this book.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.
Because of the outstanding public response that has been generated by this book, Lindsey Williams is in great demand for speaking engagements, radio, and TV shows.

Video of BP ship after lightning bolt stops oil spill capture

June 16, 2010BP PLC temporarily suspended siphoning operations on its blown Gulf of Mexico oil well Tuesday after a drill ship collecting the oil apparently was hit by lightning, the company said. A small fire broke out on the top of the derrick on the drill ship Discoverer Enterprise. It was quickly extinguished and there were no injuries.


Who Is BP CEO Tony Hayward?

Who Is BP CEO Tony Hayward?
AssociatedPress — June 17, 2010 — BP's humbled CEO prepared to tell Congress he was "deeply sorry" for his company's catastrophic oil disaster in the Gulf of Mexico. How did a geology student become head of the world's third-largest oil company? (June 17)

Gulf Coast Families Speak Out

June 17, 2010 — Impact of moratorium on deepwater oil drilling

The Cost of BP Oil Spill environmental disaster

June 17, 2010Lawmakers weigh in on paying for the environmental disaster in the Gulf


BP Oil Spill Disaster worse than believed

June 17, 2010In the two months since the Deepwater Horizon explosion, millions of liters of oil have gushed out of BP's well into the water each day, slowly encroaching on the coastline. Fault Lines' Avi Lewis travels to the drill zone, and learns about the erosion in the wetlands from industry canals and pipelines, the health problems blamed on contaminated air and water from petrochemical refineries.


Wednesday, June 16, 2010

Obama announces oil spill compensation fund

June 16, 2010 — President Obama says BP has agreed to set up a 13.5 billion fund to help pay victims of the Gulf of Mexico oil spill.

GULF OIL SPILL: Huge Explosion Of Toxic Gas and Tsunami Possible

GULF OIL SPILL: Huge Explosion Of Toxic Gas and Tsunami Possible

Tuesday, June 15, 2010

Nuclear Device Only Option to Stop Oil Leak Says Simmons founder of the Ocean Energy Institute

Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg's Lori Rothman about BP Plc's oil leak in the Gulf of Mexico and his view that the use of a "small-bore nuclear device" is now the "only option" to stop the flow of oil.

Monday, June 14, 2010

Oil spill forces drilling rethink

The massive oil spill in the Gulf of Mexico has caused widespread economic damage in several US states, including Florida which has reported a serious dip in its crucial tourist industry.

As oil tarballs wash up on the shores of some Florida beaches, the disaster has caused many people who once favoured off shore oil drilling to have a change of heart.

Al Jazeera's Tom Ackerman reports. (June 15, 2010)

Oil Spill Reaches Florida Coast

June 14, 2010 — FBN's Adam Shapiro on BPs efforts to contain the oil spill.



Wednesday, June 9, 2010

OPEC: Slow Global Recovery Hurts Oil Demand

June 09, 2010 — FBNs Ashley Webster on whats hurting global oil demand.

Tuesday, June 8, 2010

Shields and Brooks Discuss the Gulf Oil Spill Political Price

Shields and Brooks Discuss the Gulf Oil Spill's Political Price



http://www.pbs.org/newshour/rundown/2... Columnists Mark Shields and David Brooks sort through the top political stories of the week, including the government's role in the Gulf oil disaster and the expensive governor's race in California.

Monday, June 7, 2010

Lord Monckton on the BP oil spill

We Are Change Chicago sits down with man made global warming sceptic and legend Lord Christopher Monckton.


Exclusive video shots of offshore oil platform - Oil Spill

June 07, 2010 — Video shots from helicopter of Offshore oil platform: "Overhead, you suddenly grasp the enormity of the cleanup task" with FRANCE 24 correspondent Nathan KING reporting in the field.

The Oil Spill Disaster will last for decades

Oil Spill's Long Reach

June 07, 2010How long will oil leak impact Gulf Coast habitats?

Saturday, June 5, 2010

Friday, June 4, 2010

Oil Currently in Recovery Mode

Oil is currently in a recovery mode after being oversold in May, according to Victor Shum, senior principal at Purvin & Gertz. He explains why to CNBC's Oriel Morrison. Shum also offers his take on where oil prices are headed.












Thursday, June 3, 2010

How Bad Can the Oil Spill Get - Raw Video

June 03, 2010 — AssociatedPress — NOAA has released animation depicting how wide the oil spill may spread if the loop current in the Gulf of Mexico is in a typical configuration. It suggests the oil may spread up the Eastern Coast and well into the North Atlantic.

See downside for crude around 36;72.50/bbl: Angel Commodities

June 03, 2010 — In an exclusive interview with CNBC-TV18, Naveen Mathur, Angel Commodities, speaks about various commodities and gives his outlook going forward.

Wednesday, June 2, 2010

Oil Spill Will Devastate Louisiana Economy Says Class Action Atty

(Bloomberg) -- Attorney Daniel Becnel Jr., who represents a group of businesses affected by the Gulf of Mexico oil spill, talks with Bloomberg's Pimm Fox about the impact of the disaster on Louisiana. Becnel also discusses the U.S. Justice Department's investigation of whether any criminal or civil laws were violated.


Tuesday, June 1, 2010

Feds Open Criminal Probe of Gulf Oil Spill

June 01, 2010 — AssociatedPress — Attorney General Eric Holder said federal authorities have opened criminal and civil investigations into the nation's worst oil spill.


OIL & GAS MARKET