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Gulf Oil Leak Catastrophic

Leak Rate 25,000 bpd — TERROR NOT RULED OUT
Economic Damage in Tens of Billions — Environmental Catastrophe — Bigger then Katrina

April 30, 2010, 1330 PDT — I watched the press conference live. The question came from a Dow Jones reporter. Present on the stage (among others) were Slazar (Interior), Napolitano (DHS), The Chiarman of BP, Gov. Jindal and a Coast Guard Admiral. The Dow Jones reporter confronted the attendees with two scientific studies saying that the leak rate from the sunken oil rig in the gulf was actually 25,000 barrels per day or five times more than BP had been stating as of this morning. Intial reports kept it a a couple hundred barrels per day but the number of barrels — and the size of the slick — continue to grow. No one on the dais denied or even modestly refuted the number. They had been totally busted. The Coast Guard Admiral, protecting her service, stepped up and said, “We have been operating since Day One as though this were a worst-case scenario.” The BP Chairman took the mic and also did not deny it. He mumbled something about “we’re responding as the numbers get bigger.”

Terrorism or an act of war has not been ruled out. DHS and Interior have assumed command of the investigation. According to the BP Chairman no one has a clue what caused the explosion.

Then it got really scary. Someone said clearly that the whole world was watching because of what this meant for already-funded offshore exploration under development. The safety measures designed to protect against a blowout have failed completely. How many more billions of research and millions in cost per fix are going to be needed? How many projects delayed or halted?

Worse: The oil slick is now the size of Delaware. It will be Ohio-sized within days. Florida has declared a state of emergency. All commercial fishing in the Gulf is threatened. All widlife is threatened. And when and if the slick gets to NOLA it will have a disatarous impact on energy production and the brave, battered, courageous people who live there. Coastal refineries may have to close… What might happen if the oil ignited? Oil should be at $100 before the end of next week. I suspect between $150 and $200 (maybe higher) this summer.

Worse: Napolitano and Salazar are already talking about huge claim funds. Massive class-actions against BP are starting. Insurance claims may well dwarf Katrina. The economy of the entire Gulf Coast is in jeopardy. From what I heard there is no real plan to stop the leak and no estimation as to when that will happen. (I might have missed that.) What happens when the slick hits Cuba? The rest of the Caribbean?

The current fradulent Wall Street bubble will pop in shorter order than anticipated.

Within about a week, man’s greed and reach for energy have found natural and unyielding limits. Two coal mine disasters and an oil slick that will cause as yet unknown catastrophic damage, loss of life and property. And yet there are still those in this movement who think we need to argue with people who believe there’s plenty of easy oil about anything.

It would be so poetic if history recorded that this was the event that marked the cliff edge of human industrial civilization. Maybe then someone will get the point. Maybe then we will find our hundredth monkey… And maybe Mother Earth will have poisoned us with the substance we have so greedily raped her — and killed each other — for… “You want oil?… I’ll give you oil.”

MCR


Ghosts of September 11th

May 5, 2011, 1400 PST, SEBASTOPOL – I have personally interrogated underage criminal suspects who could lie better than White House Press Secretary Jay Carney. It has been four days since the P.T. Barnum (“There’s a sucker born every minute”) proclamation of the death of Osama bin Laden (OBL). President Obama’s account of the firefight […] Read More..

I Never Thought…

May 5, 2010 -- ... I would live to see the day when something like this aired on CNBC. Peak Oil has gone mainstream. The cat's out of the bag... and hungry. Read More..

“ISREALI-HAMAS WAR IMMINENT IN LEBANON” – King Abdullah

OK, this explains why Ahmadinejad wanted to pull 5 million out of Teheran this week and Israel just told all it's citizens to evacuate the Sinai. Of all possible explanations, this is the worst. Remember that potassium iodide I suggested a few months ago?.. I'm not kidding. Every other fianancial and energy indicator is flashing red right now. Peak Oil's gone mainstream. And the volume of forward-hedged buys passing June 2008 by miles yesterday says that players are expecting one of two things; either an imminent Israeli attack on Iran, (which a Hamas conflict could/would provoke); or a severe shortage of oil in the face of summer demand... or both. Japan is about to implode and all of the economic ugly chickens all over the world are flying home on afterburner. Read More..

REVOLUTION — A Dire Warning

In the Civil Rights and Vietnam era, declassified documents and court cases showed that the ONE thing the FBI was more afraid of than anything else was an alliance between blacks and whites: where civil rights met the Vietnam war. As soon as Matrin Luther King started speaking against the war he was marked for death. -- Now, the one thing The Powers That Be are afraid of is any alliance between so-called left and so-called right. That's the only alliance; the only coalition that can possibly save lives and stand up against what's coming. So any time I see crap like "from the left" or "from the right", I shudder. Left and right are meaningless terms to me because I live outside the paradigm -- at least in my head. Read More..

A Big Thank You—Collapse Bootlegged a Million Times—Collapsenet

Feb. 26, 2010 -- I was just able to get back online and see how many of you had rushed to my aid. More than $1,500 came in through Paypal alone and I am deeply touched. Thanks to my new friend and colleague, Paul Mineau, I am just loading software into a new computer. Thank you all so much. For most of you these donations are just a way of sustaining a worthy and useful service. Read More..