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  • Herbalife's Circular Reference - 'Popping The Question' [View article]
    You are spending a lot of time to prove your point, but did you fail to include the past history of their continued earnings and company growth. The bottom line is all I care about unless I am just trying to see the stock fall because of a short position, which in my thinking is wrong. JMHO
    Jan 22 12:54 PM | 1 Like Like |Link to Comment
  • Shares of Herbalife (HLF) lose 3.3% in premarket trading after the David Einhorn Effect continues to weigh on the stock. In the latest blow, Caris downgrades the company to Hold on fears that Einhorn will present his thesis on HLF at the Ira Sohn conference. [View news story]
    I am with Mr. Goodman. I think it's time someone followed the money to see how much Einhorn is making every time he opens his mouth. I expect he or someone he knows has shorted it down and will call it back up.
    May 11 09:41 AM | Likes Like |Link to Comment
  • Coal's Brightening Outlook [View article]
    Coal is the most commonly used fuel for energy production worldwide because it is cheap and abundant. Even though it is cheap, a large percentage of the people worldwide still have no electricity. Any forced change away from coal to a more expensive energy source would deny even more the advantages of electrical power. I seriously doubt that we will ever abandon coal as a viable energy source even considering the "green movement" and this opens the door to new cleaner coal burning technologies.
    Aug 20 01:20 PM | 5 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Another view of one of the leaks.
    videos.nola.com/times-...
    May 13 03:57 AM | Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    apnews.myway.com//arti...
    May 13 03:52 AM | Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    www.nola.com/news/gulf...
    May 12 10:04 AM | Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    www.youtube.com/watch?...
    May 9 11:17 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    blog.al.com/live/2010/...
    May 9 10:06 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    apnews.myway.com//arti...
    May 8 10:49 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    www.freep.com/article/...
    May 8 07:49 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    www.nola.com/news/gulf...
    May 7 07:26 PM | Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    A video prior to the lowering of the cofferdam containment box

    link.brightcove.com/se...
    May 7 01:12 PM | Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    BP Giant Box Close to Ready
    80 minutes ago - Marketnewsvideo.com

    Related Companies
    Symbol Last %Chg
    BP 48.98 -2.69%
    XOM 64.07 0.28%
    RIG 68.70 -1.43%

    As of 12:03 PM ET 5/7/10
    The giant box built to contain the oil spill in the Gulf of Mexico is close to being put into position.

    The structure is being slowly lowered to the the 5,000 foot depth to the source of the spill, which is a pipe gushing oil. At dawn, the box was already 4,000 feet under water. Robots are placing buoys around the main oil lead to act as markers during the complex operation.

    The box is designed to contain up to 85 percent of the 200,000 gallons of oil coming out of the well daily, and funnel it into a tanker above. If successful, a second box being built will be placed over a second, smaller leak.

    BP, which leased the rig from operator Transocean, is responsible for cleaning up the spill, the largest since the Exxon Valdez disaster off the Alaskan coast in 1989.

    The preceding is a transcript of the MarketNewsVideo.com video published at:

    www.marketnewsvideo.co...
    May 7 12:12 PM | 2 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Survivors Say No Warning Of US Oil Rig Blast
    45 minutes ago - Dow Jones News

    Related Companies
    Symbol Last %Chg
    BP 48.83 -2.99%
    RIG 68.68 -1.46%

    As of 11:58 AM ET 5/7/10
    WASHINGTON (AFP)--Survivors of the huge oil rig blast in the Gulf of Mexico say alarms designed to warn them of an imminent explosion never sounded, ABC News reported Friday.
    Oil industry experts, meanwhile, acknowledged that critical safety equipment failed to prevent the explosion and subsequent oil spill, one of the worst in U.S. history.
    "It was chaos," survivor Dwayne Martinez told ABC News. "Nothing went as planned, like it was supposed to."
    Survivors described terrifying scenes during the chain reaction that left 11 workers dead on the Deepwater Horizon offshore drilling platform.
    After a first concussion rocked the rig on April 20, a huge plume of gas vapor belched from the well and encircled the platform. The gas cloud then ignited during a second, larger burst, they said.
    "It was people screaming and hollerin'," said Micah Sandell, another survivor. "I never seen nothing like that. Never."
    Rig workers had begun injecting seawater into the well to replace a plug of mud preventing the gas and oil from being pumped.
    A valve on a blowout preventer -- a huge 50-foot, 900,000-pound safety device that sits on the seabed a mile below the surface -- that should have been closed was open, according to Tulane Energy Institute associate director Eric Smith.
    The change in pressure would have launched the seawater and mud, followed by the gas through the well pipe up toward the surface. Water and mud rose 300 feet into the air, according to Martinez and Sandell.
    "As the bubble made its way to us, it would get bigger and bigger and accelerate rapidly," Smith said. "First thing that would happen would be a water spout. It would have been raining salt water."
    Transocean Ltd. (RIG), which owns the rig that was leased to energy giant BP PLC (BP), declined to speculate on whether the alarms sounded and why they may not have sounded.
    The incident shows that "the alarms failed or that somebody muted the alarm because alarms are so common out in the oil patch that sometimes as a matter of course, they mute alarms," said Tony Buzbee, a lawyer representing the two oil rig workers in a lawsuit against both companies.
    The oil industry has long relied on blowout preventers, which house hydraulic valves designed to cap any oil or gas leaks, as part of its fail-safe mechanisms.
    But ABC News said it had obtained documents showing the industry has long known of problems with the device, also know as a BOP.
    "Poor BOP reliability is a common and very costly issue confronting all offshore drilling contractors," it quoted a Transocean official as saying during an industry conference in 2003.
    Sandell was outraged by the safety failures that nearly claimed his life.
    "They always tell us that we have safety devices and warnings and they got ways of shutting it in," he said." And it don't seem like they had nothing."
    May 7 12:02 PM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    That's true if that is indeed what happened. I wonder who would have called that shot, to pull the mud?. One thing is for sure and that is they have a number of fail safes to protect against a blowout. I wonder what the odds are on all of them failing? I suspect that the ram shear partially engaged encountering a collar of a pipe connection thus preventing it from completely closing. That, along with the kinked riser pipe, would account for the reduced flow of oil.

    One last item for the day, they have now begun to lower the cofferdam to the bottom.

    apnews.myway.com//arti...
    May 7 03:15 AM | 2 Likes Like |Link to Comment
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