Thursday, August 19, 2010

BP (NYSE:BP), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), All Down as Hearing on Gulf Effects Starts

Evidently the Gulf of Mexico's ability to heal itself, and the relatively small amount of oil remaining in the waters, wasn't the politically correct way for things to go, and so there's a House hearing today to discuss the effects of oil spill on the Gulf, and related companies: BP (NYSE:BP), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), Anadarko (NYSE:APC) and Cameron International (NYSE:CAM) share prices were all down on the uncertainty surrounding it.

This shows the volatility these stocks will continue to incur until the reason behind the failure of the Deepwater Horizon to successfully prevent the accident.

There is a concerted attempt by those who don't like the idea we're realizing the powerful ability of the Gulf to heal itself, and today it's going to be Ian MacDonald, a professor at Florida State University, who will try to say the estimates that 75 percent of the oil has evaporated, been consumed by bacteria, or cleaned up by BP and their team, as not the reality.

Some have even went so far as to say the oil is hidden away in some underwater caverns. That's a convenient way to handle the situation, as it then can't be proven to have been so successfully handled by the Gulf itself.

I guess now even the Gulf of Mexico is incurring the wrath of radical environmentals and so-called scientists, as it simply wouln't conform to their assertions, making them look as ignorant as they in fact really are.

These types of people have an agenda, and now the Gulf of Mexico has powerfully undermined that agenda, which was to demonize the oil industry in the Gulf, and extend their campaign to other areas of the industry and the world.

That now has evaporated with the oil, and they're attempting damage control over the lack of damage in the Gulf in comparison to the hype that proceeded the search for how much oil was left.

2 comments:

Anonymous said...

Spot on!

The gulf, and oceans around the world, have been leaking oil for millions of years. It's a natural process that will not stop with the capping of that one well. The immediate aftermath of the tragic explosion was distressing in its temporary concentration of oil release, but in the longer geologic scheme of things it seems rather insignificant to the total amount of global leakage on average.

Not to dismiss the obviously harmful effects that surely occurred with this mess, it seems to me that the runoff of vast amounts of industrial pollution and toxic pesticides being swept down the Mississippi for the last couple of hundred years or so is FAR more harmful to the Gulf then this spill.

Anonymous said...

Demonizing the oil company is part of it, but frankly making a comment like "so called" scientists is counter-productive. We can say the same thing for scientists at BP. Their "so called" scientists took forever to seal a well that many of us "scientists" posted "real" solutions that were ignored by the giant BP. Then BP lackadaisically made the cap that us scientists designed months earlier. With the resources BP has, it should have only taken a few weeks to make the cap. We could also say the "so called" financial experts screwed up with the mortgage scandals. We could also say that the "so called" intelligent bankers and investment firms royally messed up in the economic downturn do to their outright greed and arrogance. Let's remember that it is the "so called" scientists that have made ALL of the technical advancements that you now use in your regular daily work. Scientists developed computers and all electronics. Scientists developed every technical thing you people use. So, when it comes to a scientist, do not use the term "so called" because we scientists have gone through more education and experimental time working to make your pathetic lives better and help you live longer than you can possibly imagine and we don't get paid what we are really worth. Finacial people are overpaid for their crappy work. What have these financial giants invented themselves to make life better for all of us?????? Oh, how to screw people over with outrageous fees and interest so they can be lazy and make big bucks. Why don't you people try manufacturing something instead of trying to steal money form those that actually work for a living to make your little, short lives better. Why don't you scumbags who think they know all reward the scientists and engineers for the amounts of money you make from our discoveries. Why? Because you are greedy bottom feeders standing on the tails of innovation and trying to take the credit for it.