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Started By
Message
re: The Oil Spill
Posted on 4/29/10 at 1:57 pm to John Merlyn
Posted on 4/29/10 at 1:57 pm to John Merlyn
quote:I'm not sure I understand that graph. Is that proven reserves?
Nigeria with 70,000,000 barrels.
1
Posted on 4/29/10 at 2:05 pm to LSURussian
quote:
I'm not sure I understand that graph. Is that proven reserves?
Yeah, which is subject to some debate probably, but it gives a decent idea of what the poster was asking as far as relative size of BP.
This post was edited on 4/29/10 at 2:07 pm
Posted on 4/29/10 at 2:57 pm to TigerDog83
BP will inevitably absorb these costs. They cannot be passed along as per their relative size in the commodity market that is oil.
Even ExxonMobil is only a large mouth bass to Iran, SaudiAramco, etc's blue whale.
Even ExxonMobil is only a large mouth bass to Iran, SaudiAramco, etc's blue whale.
Posted on 4/29/10 at 11:15 pm to John Merlyn
quote:
BP, which likes to give a lot of lip service to safety, violated a huge safety no-no (as BP is wont to do. They are very difficult to work for due to their safety demands on vendors and contractors, but they themselves violate safety procedures with abandon
This guy knows what he's talking about.
Posted on 4/30/10 at 8:18 am to lsugradman
I shorted Transocean yesterday @ 79.60, looks good premarket.
Posted on 4/30/10 at 10:39 am to John Merlyn
I just spoke with a gentleman in my office that does a lot of real estate business with the oil service industry here in Lafayette. He feels like this could be catastrophic for Lafayette. He has some very large properties leased to some of these companies and it may impact him terribly if we see them start cutting back on drilling.
Posted on 4/30/10 at 4:22 pm to lsubandmom
Tell him not to worry
Posted on 4/30/10 at 4:34 pm to lsugradman
The CFO of Cameron actually came and spoke to my class today.
It was pretty interesting.
I also have been taking SFP's "invest in Cameron" campaign the wrong way. He needs to add the word Parish to his campaign.
It was pretty interesting.
I also have been taking SFP's "invest in Cameron" campaign the wrong way. He needs to add the word Parish to his campaign.
Posted on 5/1/10 at 10:42 pm to John Merlyn
i read that the oysters wouldn't really be harmed (but this year they could not sell them because they would be 'contaminated'). next year's crop of oyster babies should be good though
also: how do oysters have babies? i don't know
also: how do oysters have babies? i don't know
Posted on 5/2/10 at 1:49 am to TTB
What does that mean, TTB?
Posted on 5/2/10 at 1:56 am to edmush
(no message)
This post was edited on 5/2/10 at 9:32 pm
Posted on 5/2/10 at 2:05 am to TheHiddenFlask
Wow....a thirty year old man loses his life, has a 2 year old, a baby in the womb, and his wife files a lawsuit against the companies that caused the loss of their father, and now they are to be referred as "leaches"? WTF?
Posted on 5/2/10 at 9:00 am to edmush
(no message)
This post was edited on 5/2/10 at 9:33 pm
Posted on 5/2/10 at 7:21 pm to TheHiddenFlask
The family's priorities would include paying for the funeral, putting food on the table, making sure the mortgage is paid, and paying for the birth of the second child. Calling an attorney to make sure these things are taken care of more quickly only seems to be the first priority of survival. I know the family, and evil is in no way, shape, or form a motive. The only evil I see is writing such thoughts in a public forum. 
Posted on 5/2/10 at 9:33 pm to edmush
I edited. Sorry if I offended you.
Once again, I was just interpreting.
Once again, I was just interpreting.
Posted on 5/3/10 at 12:11 am to John Merlyn
Heard today it is 5000 barrels an hour, not a day. Maybe they misspoke. This was CBS radio.
Posted on 5/3/10 at 4:25 am to Weaver
They mispoke
Posted on 5/3/10 at 4:31 am to Big McLargeHuge
quote:
I have come to learn that BP, which likes to give a lot of lip service to safety, violated a huge safety no-no (as BP is wont to do. They are very difficult to work for due to their safety demands on vendors and contractors, but they themselves violate safety procedures with abandon.). They apparently require a software lockout on the blind-shear rams during drilling on all their offshore vessels. There is one manual override for the software lockout. it is the drillers station which is on the drill floor. But in this situation if an explosion and fire has occurred, even if there was someone AT the driller's station, they'd be roasted alive. This could be the reason why the BOP failed to close.
This stuff was informative (or at least seemed so) up till this point.
Does the author not realize that this job was through a contractor?
Posted on 5/3/10 at 9:32 am to John Merlyn
quote:
I shorted Transocean yesterday @ 79.60, looks good premarket.
Posted on 5/3/10 at 12:07 pm to John Merlyn
quote:
John Merlyn
You've made some solid calls recently.
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