Welcome to 1984

[WhiteWings]

:sigh: Don't know why I can't copy and paste off youtube anymore....

What part doesn't work? Selecting? Copying? Pasting?

[Molly]

What they are doing in the Gulf with the oil and the corexit amounts to crimes against humanity.

I'm still looking for ten righteous men--I have 7 and counting...I think...

[Molly]

Wow.  That almost leaves me speechless...

  :sigh: Me, too......if true, it's stunning......we were overthrown already, it just hasn't played out to where we realized it yet..... :mshock:

You are staring into the face of evil now, yes?

I've been looking at it for a long time.  It never fails to take my breath away.

The same is true for God's goodness.

[Molly]

In '07 I had a dream from the Lord in which I was taken to see SIX men in white business shirts and black pants, standing around something, chanting like they were praying at an altar, but when I got close enogh to see in the midst of them, it was like they were counting money into the trillions. I knew they weren't real people, but rather Him showing me a principality that He was getting ready to deal with. The LOVE of money is the root of all evil.....

Was this guy one of them? :laughing7:

[ps I'm sure they do chant at altars...the Bible tells as much...]


Larry Fink's $12 Trillion Shadow

Though few Americans know his name, Larry Fink may be the most powerful man in the post-bailout economy. His giant BlackRock money-management firm controls or monitors more than $12 trillion worldwide—including the balance sheets of Fannie Mae and Freddie Mac, and the toxic A.I.G. and Bear Stearns assets taken over by the U.S. government last year. How did Fink rebound from a humiliating failure to become the financial fulcrum of Washington and Wall Street? Through a series of interviews, the author probes his role in the crisis, his unique risk-assessment system, and the growing concern he inspires.

http://www.vanityfair.com/business/features/2010/04/fink-201004

[Molly]

BP selling off assets for $7 billion to help pay for Gulf oil spill
Published: Tuesday, July 20, 2010, 3:53 PM     
BP PLC said Tuesday it is selling several major assets to Apache Corp. for $7 billion to help pay the costs from the Gulf of Mexico oil spill.

http://www.nola.com/business/index.ssf/2010/07/bp_to_sell_assets_for_7_billio.html



http://www.apachecorp.com/

Jul 20, 2010  Apache to Offer 21 Million Shares of Common Stock and $1.1 Billion of Mandatory Convertible Preferred Stock
HOUSTON, July 20, 2010 /PRNewswire via COMTEX News Network/ -- Apache Corporation (NYSE: APA) today announced that it is commencing a registered underwritten public offering ...

[WhiteWings]

BP 65% owner of the lease.
Anadarko 25% owner of the lease.
MOEX 10% owner of the lease. Daughter of Mitsui.
Anadarko and Mitsui suspended payments to BP

Why we hear only about BP? 35% is a considerble amount of ownership too.

I wonder where the $7 billion goes too. I think cleanup buddies.
2 days ago I've read an article about US .gov paying $2 billion to help the Gulf region. But now it seems the $2 billion isn't for the people, but the cleaners etc.
So I wouldn't be suprised of this scenario.
1- BP sells as many assets as possible.
2- All payments end somehow in the pockets of their buddies. (doing little for lots of money)
3- The remaining part of BP goes bankrupt.
4- The tax-payer pays for the cleanup.

[WhiteWings]

BP leased Deepwater Horizon owned Transocean (40% owned by Schlumberger)

http://www.chron.com/disp/story.mpl/business/energy/7053715.html

"The e-mails also detail engineers' worries about the well.

"This has been a nightmare well which has everyone all over the place," BP engineer Brian Morel wrote to colleagues discussing possible well design changes.

"This has been a crazy well for sure," agreed BP engineer Mark Hafle in another message.

The committee's letter also questioned BP's decision, detailed in a previous Chronicle story, to use just six devices to center the production casing in the center of the wellbore, instead of the 21 that cementing contractor Halliburton recommended.

Keeping the pipe centered ensures that cement is distributed evenly all around and isn't thinner on one side. The rig only carried six centralizers, and 15 more flown in turned out to be the wrong design.

One engineer noted in an April 15 e-mail that installing the additional centralizers would add 10 hours to the project. Rather than wait for the right type of centralizers, the decision was made to use just the six on hand.

A day later an e-mail from another engineer concluded the lack of centralizers might be a concern: "But, who cares, it's done, end of story, will probably be fine and we'll get a good cement job," the engineer wrote.

BP also decided not to run a final, time-consuming test called a cement bond log in which a device lowered into the well uses sonic signals to determine how well cement has adhered to the pipe.

Oil field services firm Schlumberger had been hired to run such tests but was told early on the morning of the explosion that the test, which would have cost $128,000, wouldn't be needed. The Schlumberger crew left the rig on the next scheduled helicopter flight.

Two other issues
The other two issues committee investigators mentioned were decisions not to remove potentially troublesome drilling debris from the well by circulating drilling mud through it, and not to use a lockdown sleeve earlier in the well completion process to secure the wellhead — the device placed at the top of the well where the production casing meets the seafloor."


Sabotage
http://www.abeldanger.net/2010/07/bp-cement-cat-bond-fraud-schlumberger.html

'BP cement (CAT) bond fraud - Schlumberger - Crown Agents - Extortion of Livery Companies - backdoor to oracle' - Abel Danger

[WhiteWings]

Congressmen suggest BP cost cuts increased blowout risk | Energy | Chron.com - Houston Chronicle

House panel scolds BP in letter
Lawmakers say shortcuts may have led to deadly blowout
By TOM FOWLER HOUSTON CHRONICLE
June 15, 2010, 7:44AM

BP may have cut corners to save money on an oil well one engineer called a "nightmare" and another called "crazy," according to congressional investigators who released dozens of internal company documents on Monday.

In a letter to BP CEO Tony Hayward, the chairmen of the House Energy and Commerce Committee and its investigative subcommittee said their investigation raised "serious questions" about decisions made in the weeks before the deadly April 20 blowout on the drilling rig Deepwater Horizon.

These include decisions on the design of the well, failure to conduct a full battery of tests on the well's cement job and the failure to lock down the wellhead.

The decisions came amid mechanical and geological challenges that put the well behind schedule and over budget.

"Time after time, it appears that BP made decisions that increased the risk of a blowout to save the company time or expense," Committee Chairman Henry Waxman, D-Calif., and investigative subcommittee Chairman Bart Stupak, D-Mich., wrote to Hayward.

"If this is what happened, BP's carelessness and complacency have inflicted a heavy toll on the Gulf, its inhabitants, and the workers on the rig."

The letter may foreshadow the tough questions Hayward will face when he appears before the committee on Thursday. A BP spokesman said it would be inappropriate to comment on the issues in the letter prior to Hayward's testimony. "No doubt they will be raised during the hearing," he said.

Some of the issues were the subjects of previous Houston Chronicle stories about decisions in the days before the disaster.

E-mails cited risks
BP ran a single string of steel pipe from the top of the well just below the sea floor all the way to the oil reservoir more than 13,000 feet below. Called the production casing, this eventually would have carried oil and gas from the reservoir to pipes connecting the wellhead with a production platform.

The very bottom of the production casing was cemented in place, but the design left an unobstructed pathway to the wellhead should the cement fail to block hydrocarbons in the formation, the Chronicle reported earlier.

According to internal e-mails, BP engineers were aware of this risk.

An undated PowerPoint presentation released by the committee said the cement job was "unlikely to be successful" and could thus allow hydrocarbons to reach the wellhead uncontrolled.

But an April 15 document changed the prediction for the cement job, saying it would succeed. It also noted the other method would have added $7 million to $10 million to the cost of completing the well.

Worries about the well
The e-mails also detail engineers' worries about the well.

"This has been a nightmare well which has everyone all over the place," BP engineer Brian Morel wrote to colleagues discussing possible well design changes.

"This has been a crazy well for sure," agreed BP engineer Mark Hafle in another message.

The committee's letter also questioned BP's decision, detailed in a previous Chronicle story, to use just six devices to center the production casing in the center of the wellbore, instead of the 21 that cementing contractor Halliburton recommended.

Keeping the pipe centered ensures that cement is distributed evenly all around and isn't thinner on one side. The rig only carried six centralizers, and 15 more flown in turned out to be the wrong design.

One engineer noted in an April 15 e-mail that installing the additional centralizers would add 10 hours to the project. Rather than wait for the right type of centralizers, the decision was made to use just the six on hand.

A day later an e-mail from another engineer concluded the lack of centralizers might be a concern: "But, who cares, it's done, end of story, will probably be fine and we'll get a good cement job," the engineer wrote.

BP also decided not to run a final, time-consuming test called a cement bond log in which a device lowered into the well uses sonic signals to determine how well cement has adhered to the pipe.

Oil field services firm Schlumberger had been hired to run such tests but was told early on the morning of the explosion that the test, which would have cost $128,000, wouldn't be needed. The Schlumberger crew left the rig on the next scheduled helicopter flight.

Two other issues
The other two issues committee investigators mentioned were decisions not to remove potentially troublesome drilling debris from the well by circulating drilling mud through it, and not to use a lockdown sleeve earlier in the well completion process to secure the wellhead — the device placed at the top of the well where the production casing meets the seafloor.

Well experts have told the Chronicle that if a well head is not locked down it is more vulnerable to pressure of gas rising up from below.

"The common feature of these five decisions is that they posed a trade-off between cost and well safety." the committee said in its letter to Hayward.

tom.fowler@chron.com

[WhiteWings]

I don't think it's oil and I don't think it's coming out of a 25,000 foot deep oil well.  Not that I know that much about oil, but I know it's black.

Exxon Valdez was carrying unrefined Alaskan crude oil and it was black.

Reddish brown sounds like the dirt in Georgia lol.  Maybe in the Gulf too--I've never been there

http://www.elmhurst.edu/~chm/vchembook/513refining.html
Crude oil has many compositions, some is black, thick and tar like, while other crude oils are lighter in color and thinner.
What color is light crude oil and heavy crude oil?
light crude oil is brown and heavy crude oil is blackhttp://www.wisegeek.com/what-is-crude-oil.htm
The color can range from pure black or dark brown to greenish or yellowish, depending on the composition.http://www.epa.gov/oem/content/learning/crude.htm

[jabcat]

Fox News:  URGENT: The fire alarm system on the Deepwater Horizon was disabled prior to the catastrophic explosion that caused the oil spill disaster in the Gulf of Mexico, rig worker testifies.

http://www.foxnews.com/us/2010/07/23/report-alarm-gulf-rig-disabled-oil-spill/

[Molly]

Fox News:  URGENT: The fire alarm system on the Deepwater Horizon was disabled prior to the catastrophic explosion that caused the oil spill disaster in the Gulf of Mexico, rig worker testifies.

http://www.foxnews.com/us/2010/07/23/report-alarm-gulf-rig-disabled-oil-spill/

The rig's chief electronics technician told a federal panel that the Horizon's general alarm system was deliberately set in "inhibited" mode so that sirens would not wake the sleeping crew in the middle of the night.

They wanted them all to die?  No witnesses.

[thinktank]

Fox News:  URGENT: The fire alarm system on the Deepwater Horizon was disabled prior to the catastrophic explosion that caused the oil spill disaster in the Gulf of Mexico, rig worker testifies.

http://www.foxnews.com/us/2010/07/23/report-alarm-gulf-rig-disabled-oil-spill/

The rig's chief electronics technician told a federal panel that the Horizon's general alarm system was deliberately set in "inhibited" mode so that sirens would not wake the sleeping crew in the middle of the night.

They wanted them all to die?  No witnesses.

Are you a reporter by any chance?

[Molly]

Fox News:  URGENT: The fire alarm system on the Deepwater Horizon was disabled prior to the catastrophic explosion that caused the oil spill disaster in the Gulf of Mexico, rig worker testifies.

http://www.foxnews.com/us/2010/07/23/report-alarm-gulf-rig-disabled-oil-spill/

The rig's chief electronics technician told a federal panel that the Horizon's general alarm system was deliberately set in "inhibited" mode so that sirens would not wake the sleeping crew in the middle of the night.

They wanted them all to die?  No witnesses.

Are you a reporter by any chance?

No.  I'm a cynic. :laughing7:

[jabcat]

Obama administration gives oil rig safety award;

http://jonvaala.wordpress.com/2010/05/16/obama-administration-gave-gulf-oil-rig-safety-award-in-09/

[WhiteWings]

The rig's chief electronics technician told a federal panel that the Horizon's general alarm system was deliberately set in "inhibited" mode so that sirens would not wake the sleeping crew in the middle of the night.

They wanted them all to die?  No witnesses.

How dare you conclude that Molly! You know perfectly well tho$e in charge care for the wellbeing and a good nite sleep for the crew member of the rig!  :Sparkletooth:

Read my posts of today and perhaps you find enough info to debunk my claim...

[Molly]

The committee's letter also questioned BP's decision, detailed in a previous Chronicle story, to use just six devices to center the production casing in the center of the wellbore, instead of the 21 that cementing contractor Halliburton recommended.

The well was designed to fail?

BP also decided not to run a final, time-consuming test called a cement bond log in which a device lowered into the well uses sonic signals to determine how well cement has adhered to the pipe.

Oil field services firm Schlumberger had been hired to run such tests but was told early on the morning of the explosion that the test, which would have cost $128,000, wouldn't be needed. The Schlumberger crew left the rig on the next scheduled helicopter flight.

Smoking gun?

[WhiteWings]

Obama administration gives oil rig safety award;

http://jonvaala.wordpress.com/2010/05/16/obama-administration-gave-gulf-oil-rig-safety-award-in-09/

In the continuing blame game over the Gulf of Mexico oil rig disaster, the Associated Press found that the Federal Agency responsible for inspecting the BP oil rig that exploded several weeks ago, the Federal Minerals Management Service, failed to live up to its own policy of inspecting the oil rig once a month. It gets better... Last year, the MMS awarded that same oil rig with an award last year for its "exemplary" safety history. Ah, the efficiency and effectiveness of government bureaucracy. Let the finger pointing begin!

Meaning BP followed standards set by US gov to the letter or better.

That said: what exactly is a safty inspection? Could just been soming like: Enough light. No slippery deck. No cables to trip over. Hygenic kitchen. Etc.
But not the drilling itself?
Another possiblity is that the inspector got a "Tank for free card"...

[thinktank]

The committee's letter also questioned BP's decision, detailed in a previous Chronicle story, to use just six devices to center the production casing in the center of the wellbore, instead of the 21 that cementing contractor Halliburton recommended.

The well was designed to fail?

BP also decided not to run a final, time-consuming test called a cement bond log in which a device lowered into the well uses sonic signals to determine how well cement has adhered to the pipe.

Oil field services firm Schlumberger had been hired to run such tests but was told early on the morning of the explosion that the test, which would have cost $128,000, wouldn't be needed. The Schlumberger crew left the rig on the next scheduled helicopter flight.

Smoking gun?

I don't think that Bp would want it's well to fail. They have lost crazy amount of money, they might not recover.

[Molly]

I don't think that Bp would want it's well to fail. They have lost crazy amount of money, they might not recover.

Absolutely.  They would need a good motive.  And the ability to morph themselves into something else quick, like..maybe.. Apache and Exxon.

I don't think Mr. Fink will suffer much, and Tony sold a bunch of his shares just before the rig blew--what luck!

[WhiteWings]

The committee's letter also questioned BP's decision, detailed in a previous Chronicle story, to use just six devices to center the production casing in the center of the wellbore, instead of the 21 that cementing contractor Halliburton recommended.

The well was designed to fail?

A fact is that it saved money. Another admitted fact is that the operation had many delays. So perhaps they just want to get back on schedule.
BP's director and their bank sold their stocks. Obama is deeping in two funds that earns from the spill. All his money is in those funds. A really awfull speading of risk. No financial advisor would advise such foolishness. Unless... they did some (naked) shorting
And when you are in such a position only failure makes you money. Corruption? Lemme just say it takes away a lot of drive to be succesful. Just because successful drilling means a huge finacial setback for the shorters.

BP also decided not to run a final, time-consuming test called a cement bond log in which a device lowered into the well uses sonic signals to determine how well cement has adhered to the pipe.

Oil field services firm Schlumberger had been hired to run such tests but was told early on the morning of the explosion that the test, which would have cost $128,000, wouldn't be needed. The Schlumberger crew left the rig on the next scheduled helicopter flight.

Smoking gun?

Large gauge shotgun.

[Molly]

With Sale of Assets, BP Bets on More Deep Wells


On Monday, as optimism grew that the temporary cap put on the Macondo well was holding up against the pressure of the oil below, BP announced an expansion of its offshore portfolio. The company signed a deal with Egypt's government to develop new hydrocarbon deposits in the Mediterranean Sea. BP's chief executive, Tony Hayward, declared, "This agreement unlocks a new phase in realizing the huge potential of the Nile Delta basin."

BP is the top producer in the Gulf of Mexico, with a daily output of 400,000 barrels in 2009. The company operates the world's biggest offshore platform, Thunder Horse, in the gulf. BP is also one of the top investors in Angola, which has turned into the fastest-growing source of oil in Africa thanks to its offshore deposits. Last year, the company made three discoveries in Angola's ultradeepwater Block 31. In addition, BP is also looking for oil off the coasts of Libya and Egypt, and it is the largest foreign investor in Azerbaijan, where it operates two major fields in the Caspian Sea, Azeri-Chirag-Gunashli and Shah Deniz.

http://www.cnbc.com/id/38342691



The 20 billion dollar gift: :mblush:



Despite the April 20 Deepwater Horizon disaster, BP has no plans to leave the Gulf of Mexico or stop drilling for oil in other deep ocean waters.

Just the opposite: with its runaway well apparently under control, the troubled oil giant is now staking its future more than ever on deepwater wells. Although such wells are far riskier than land-based or shallow-water ones, oil fields that are located under a mile or more of water can be extremely lucrative, and BP continues to see them as worth the risks.



Reflecting that strategy, BP [BP  36.76    0.53  (+1.46%)   ] announced Tuesday that it had agreed to sell $7 billion of oil and gas fields to the Apache Corporation [APA  92.84    3.56  (+3.99%)   ] . The assets being sold — in Texas, New Mexico, western Canada and Egypt — are all on land.

The move goes a long way toward raising the $20 billion that BP pledged to put in escrow by the end of 2013 to pay claims for the gulf oil spill. The company has already suspended its shareholder dividend to come up with some of the money, and it is expected to announce at least $3 billion in additional asset sales in the coming months.

http://www.cnbc.com/id/38342691


BP is still the King of the Gulf. :icon_king:

[WhiteWings]

I don't think Mr. Fink will suffer much, and Tony sold a bunch of his shares just before the rig blew--what luck!

I still don't know what 'sell' means. Did he just sell what he had? i.e. going flat/liquid. Or did he sell more than he had? i.e. going short.
The first one means he knew there were trouble. That was no secret and admitted. He just stepped to the sideline and watch neutrally.
The second one means the same but in a more extreme form. It means he knew fairly well it would go wrong. But how that's the question? Did he anticipate the explosion? Or did he anticipate, say, a 6 month delay that would drop the value of BP shares?

[Molly]

I don't think Mr. Fink will suffer much, and Tony sold a bunch of his shares just before the rig blew--what luck!

I still don't know what 'sell' means. Did he just sell what he had? i.e. going flat/liquid. Or did he sell more than he had? i.e. going short.
The first one means he knew there were trouble. That was no secret and admitted. He just stepped to the sideline and watch neutrally.
The second one means the same but in a more extreme form. It means he knew fairly well it would go wrong. But how that's the question? Did he anticipate the explosion? Or did he anticipate, say, a 6 month delay that would drop the value of BP shares?

It's reported that Tony sold 1/3 of his shares [probably in the form of stock options] right before the well blew.

Goldman sold millions of shares and then went short--right before the well blew.

How does the saying go?  Big money doesn't gamble.

[WhiteWings]

So Obama gains.
GS gains.
Fink 'just' reduced impact.

Do you also know GS went short on stocks or options. Options are more speculative. Unless you have inside info.

[thinktank]

:cloud9: Yes, that's it, Jab.....thanks  :thumbsup:

In '07 I had a dream from the Lord in which I was taken to see SIX men in white business shirts and black pants, standing around something, chanting like they were praying at an altar, but when I got close enogh to see in the midst of them, it was like they were counting money into the trillions. I knew they weren't real people, but rather Him showing me a principality that He was getting ready to deal with. The LOVE of money is the root of all evil.....

You combine the information from Molly's link and this one, and you see how they accomplished what they set out to do with this country already. We're just waiting for the last shoe to drop.... :mshock:

Are you sure about this dream. What if this dream means that God is about to bless the righteous with great riches. The wealth of the sinner is laid up for the just. The reason it could be that, is because, these men are chanting, praying? ungodly don't pray, and in front of the altar? The altar reminds me of Abrahams altar and God's promise of exceeding riches to his seed. Also 6 men, 6 is the number of man, so why would God use this number to represent a principality demonic force? Also if these men loved money, did they dance or were happy when they counted the money? since their suppose to love it so much?

I know it's your dream, but just points to ponder on. You might emphasize spiritual riches, but earthly riches can bring spiritual riches, for with Gold one can feed the poor and bring Christ into the lives of the poor, so that they can be made rich.