Seeking Alpha

usr 503960

usr 503960
Send Message
View as an RSS Feed
View usr 503960's Comments BY TICKER:
Latest  |  Highest rated
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Here is yet another story titled "Safety fluid was removed before oil rig exploded in Gulf." I can't attest to it's accuracy, but it does provide some insight to the processes involved in what should have taken place to prevent the blowout in the first place.
    May 7 01:16 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Correction on my earlier post. This is part of the alert I received:

    VENICE, La. (Dow Jones)--BP PLC (BP) has begun lowering a containment dome onto one of two leaks gushing oil into the Gulf of Mexico, though the company may need to work out some "startup troubles," Doug Suttles, BP's chief operating officer for exploration and production, said Thursday.
    "As we speak, the dome should be being lowered into the water," Suttles said in a press conference.

    I posted the previous information based on that alert, but apparently, the operation to lower the cofferdam was delayed due to fumes at the drop site.

    Here is another link to an underwater video. It is titled "Capping the third leak" but is actually the same location at the end of the pipe shown on the previous video. The end of the drill pipe had to be cut before installing the valve shown in that previous video.

    Another general information link to watch:

    Sorry for any confusion.
    May 6 11:10 PM | 2 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Your welcome and I wholeheartedly agree. They began lowering the cofferdam at the well site late this afternoon. By the way, did anyone notice when that glitch hit the market today...BP didn't lose much ground at all and what it did lose, most came back pretty quickly. Just an observation. :)
    May 6 10:12 PM | 3 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Here is a link that actually has a graphic which is pretty representative of the situation and the plan to make the repairs.

    There is also a link to a video which shows an ROV making the first repair to the end of the riser pipe. (Jake...Please take notes)
    May 6 07:00 PM | 3 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    You are more than welcome. I found it to be quite enlightening, especially in an atmosphere where there is so much hype.
    May 6 03:48 PM | 2 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    I agree with you completely and really hope that doesn't happen. It's way past time for those black and white thinkers to come to the realization of the world they live in. Should you be correct, I believe our future is full of many problems with few meaningful solutions. JMHO
    May 6 02:28 PM | 2 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Found this interview with a Horizon survivor...pretty interesting.
    May 6 01:30 PM | 3 Likes Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    Well I certainly hope that you are wrong as well. I am in full agreement that the oil spill is tragic and being a coastal sport fisherman, I understand it's consequences all too well. I remember the Mexican Itox well blowout. It spewed oil at a rate of 10,000 to 30,000 barrels of oil a day for 10 months. It was nasty and hurt our ecosystem on the Texas coast, but we survived and so did the environment. This spill today is nothing in comparison and the technology today far exceeds what was available then, but the press is trying it's best to "make" the case that this is the end of life as we know it.
    The energy problems we face today pale in comparison to those we will face in the future. The average "Joe" on the street has no idea how dependent he actually is on petroleum based products, nor the rate that we are depleting them. Petroleum based products are involved in almost everything we use or consume, from medicines, plastics, chemicals, insecticides, paint and the never ending list goes on and on. It is easy to look at the consequences of this spill and jump on the bandwagon to ban offshore drilling, but are those same people ready to make the sacrifices necessary to do without the oil? Are they willing to go back to using cloth diapers, metal trashcans that need to be washed frequently because they choose not to use those handy plastic trash bags? Are they willing to do without the products made from plastic or willing to lose their battle with the insects that infest their yard and home? Are they willing to sell their car or sit inside their home without AC like our ancestors did?
    The first thing many will say is that we will use substitutes for oil. There is such a thing called cause and effect. Basically, quit using one thing and you may solve one problem, but you create another one in it's place. An example is the electric car. It sounds great up front, but where does the power to recharge it come from? To reduce the vehicles weight plastics are used. Where does the plastic come from and are you ready to accept the lower safety factor because as we all know, steel protected us better.
    The alternative energy folks will wave the green flag and shout save the planet, but what they fail to tell us is that all the energy alternatives combined will only replace a fraction of the insatiable amount of energy we consume. All to often, the only green they see is that which flows into their wallets.
    We use coal to fuel the majority of the planets power needs because it is cheap, abundant and efficient but many tout natural gas as a replacement. Natural gas has it's own problems and in the long run will increase in price. The sad truth is with the world's population growing at the rate it is and with petrochemical sources dwindling, we will need all of the energy sources at our disposal, to include ever expanding forms of alternative energy as well. It is often said that most of the easy oil has been found. There is much truth in that statement and that is one reason we are discussing deep water drilling now.
    I once met a man that worked in a slaughterhouse. They slaughtered pigs and when asked how many pigs the slaughtered each day, he replied'" 20,000." That was one slaughterhouse, 20,000 pigs a day. I can't help but think, "That is one hell of a lot of ham sandwiches." The only reason I mention that is that often we fail to look at the big picture. We fail to understand the size of some of the problems that we face today. The leaking BP deep water well that the entire oil industry is working to cap is just another ham sandwich and it might serve us well to remember that.
    May 6 12:54 PM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    I seriously doubt if it will shut down much of anything. We need to get away from Arab oil as soon as possible. The oil industry has thousands of offshore wells, many of which are deep water wells. The safety record is pretty high. Accidents's life.
    May 6 01:10 AM | 1 Like Like |Link to Comment
  • BP’s Gulf of Mexico Disaster: Expect the Unexpected [View article]
    I read your article and am still laughing. I suggest that you limit yourself to topics that you have at least a thimble full of knowledge on.

    " I have merely borrowed language that is being widely used in the mainstream media."

    There in is where your problem lies. It is obvious that you know nothing relating to facts or current capabilities regarding deep water wells. You are attempting to do nothing more than the rest of the media and that is to "make the story" to fit your doomsday scenario which it turn does nothing, but scare those as uninformed as yourself.

    "First, as regards the pedantism, I am not the first to use the terms “geyser”, “gusher”, etc., when referring to this phenomenon. I have merely borrowed language that is being widely used in the mainstream media. So you can complain to them if you like. Moreover, even if the leaking well does not fit your own personal definition of “geyser”, I am sure that the flow is nonetheless strong enough to bowl either one of us over."

    Once again there is your problem, mainstream media. There is an underwater picture of the end of the riser pipe, readily available, that plainly shows the oil flowing out the end. While the other two leaks in the riser pipe are flowing at a higher rate, it is nothing close to a "gusher", "geyser" or as some media have described it, an "oil volcano." If you want to get "bowled over" go read up on the Itox spill, then come talk to us about gushers or geysers.

    I further suggest that you attend the Offshore Technology Conference now going on in Houston, Tx., so the next time you attempt to write an article, you can do based on actual knowledge.

    "I regret that I have upset some oil-and-gas people, you included, who have their own strong opinions and are understandably feeling extremely touchy and defensive given the political environment at the top right now."

    "It seems that the industry players and investors who track Seeking Alpha's energy-specific boards are so hyper-defensive and so blinded by their paychecks that they cannot understand why someone might be just a little concerned on this subject."

    Finally you seem to think that everyone who has disagreed with your article must be "touchy and defensive" concerning this subject. Although a modest attempt to discredit those who have posted opposing comments, it is obvious that most of those who did post those comments have superior knowledge on this subject when compared to your own. It's true that we are industry players and investors that track Seeking Alpha's energy specific boards and believe it or not, we are just as concerned as you. The difference between us though is that we are not running around in circles like chicken little screaming, "the sky is falling, the sky is falling." By the way, exactly who did you think was going to read your article, the Sierra club? Get a grip dude.

    In conclusion, I will make you a forecast that the oil leaking into the Gulf waters will be drastically reduced, if not completely shut down by the middle of next week. Tell your boss you want to take an extended leave Brother.
    May 5 04:02 PM | 4 Likes Like |Link to Comment
  • Offshore Drillers See Swelling M&A Interest [View article]
    Afata05....A fool and his money are soon parted. Beware of all the "get rich quick" garbage. Watch a quality stock and buy on the dips and sell on the highs until you generate more capital. Remember that for everyone of you, there are thousands trying to talk you out of your hard earned cash and that my friend is an expensive lesson to learn.
    Apr 3 12:41 PM | 2 Likes Like |Link to Comment
  • How About a Coal Stock for Your Stocking? [View article]
    I just heard a report on CNBC concerning the use of solar power in Germany. In that report, they stated that the cost to the consumer for solar energy is 10 to 20 times higher than that of coal. As I stated before, are we ready to pay those sorts of price increases not only for ourselves, but for all the poor countries of the world as well?
    Dec 7 06:08 PM | 2 Likes Like |Link to Comment
  • How About a Coal Stock for Your Stocking? [View article]
    I believe that your investment in natural gas stocks will make you money. It is a good fuel to use for power generation. What I am saying is that the current overnight fad to trash coal for natural gas has less to do about saving the planet than to pad natural gas promoters pockets at our expense. Cramer is a good example. It wasn't but a few months ago that he was recommending Peabody Coal on his show. Today is can't stop trashing coal because he has a vested interest in natural gas stocks. Does that mean all his rants are right? No, it means he is trying to cash in on the green movement.
    Our whole civilization is petroleum based. It is used in everything from the production of energy,chemicals, building materials & medicine just to name a few. If your looking at something right now, a petroleum based product was used in it's production. With that in mind, lets just consider fuel used in power generation.
    If you consider how much fuel is used daily to generate the worlds energy demands, it is obvious why coal is the fuel of choice. Although natural gas is abundant like coal, it to has a finite source as well. Simply jumping on the bandwagon and forcing all energy producing industries to switch to natural gas will only create a more expensive problem and will provide no long term solution. The sad fact is that there is no alternative energy source that will totally replace petroleum based products. Nuclear power, once touted as a clean cheap energy source is costly, plant construction is time consuming and the spent radioactive waste is something no one wants buried in their backyard, not to mention the accident or terrorist factor.
    My original point was that we can not make this change overnight. We must continue to use petroleum based products by developing the technology to burn them cleaner. We must continue to expand the use of cleaner alternative forms of energy production such as nuclear, wind, solar & hydro electric while also researching new forms of energy production.
    The goal of the current International Climate Conference is to get everyone to quit using greenhouse fuels...simple. The problem is as I stated before, coal is used for power generation because it is cheap. Not only will the forcing of power companies to quit using coal cause a rise in rate hikes for consumers here in the U.S., but the International Climate Conference wants rich countries to pay for the additional costs that the poorer countries will incur when they stop using coal. That cost will be enormous and the bottom line is are you ready to open your wallet to that
    boondoggle? Another of their proposals is for rich countries to pay countries with rain forests not to cut them. I am seeing a trend here....LOL

    BTW....We can thank corn based ethanol on the lobbyists and not the scientists. Corn based ethanol requires more water, fertilizer and energy to produce than it is worth. Using corn, competes with human and livestock consumption and causes an upward spiraling of these prices. Sugar cane or switch grass is a more suitable substance for biofuel. Waving the green flag calling natural gas the save all solution is in my opinion about the same as waving a green flag with an ear of corn on it. It might makes some folks some money, but it is only a tiny part of the bigger picture.

    On Dec 05 09:40 PM einstein p fleet wrote:

    > I certainly hope so --- I own a ton of natural gas stocks, MLPs,
    > and some CANROYs. Best alternative play around, unless you actually
    > believe that ethanol was a good idea and not a political boondoggle.
    Dec 7 03:16 PM | 2 Likes Like |Link to Comment
  • How About a Coal Stock for Your Stocking? [View article]
    Does anyone actually believes that the world is going to quit using cheap coal, convert all their power plants to burn natual gas and know for sure that once they commit, the nat gas price won't shoot through the roof? While all those who stand to make money on the "green movement" get you to stand up and wave their green flag, just remember that MOST of the world's population is far worse off than we are and the stark reality is that they won't be sitting in the dark to save the planet. Our conversion by itself is a drop in the bucket. Damn the truth hurts doesn't it? Coal is abundant, it is cheap and it is the fuel that most of the world is geared up to use to produce electricity. A more sensible approach to the global warming problem is to improve the technology to burn coal cleaner while continuing to supplement the world's energy needs with alternative sources. While Nat Gas is a cleaner burning fuel, it's supply isn't endless, so in the big picture it isn't a solution, but mearly a bandaid.
    Dec 5 04:36 PM | 7 Likes Like |Link to Comment