Gulf Coast blowout

From: stewart. beyer





-Something everyone should read about the oil spill, since you can't trust what the federal govt is telling you.



Am still going back and forth to Dallas keeping my toe in the oil business. However, fortunately, I am working on a deepwater project in offshore Ghana and will not be sticking my toe into the Gulf of Mexico . Thus, I will still miss the Thursday luncheons for the foreseeable future.



I know many of you are curious as to what is going on in the Gulf, as I am sure you are aware the politicians and press are not well informed and have no interest to be well informed. I have attached a MS Word file with a sketch of the two relief wells which are being drilled as fast as they can to "kill" the blowout well - Macondo #1. It is a good status of the two wells, one of which is closing in on the blowout. When I finish my Dallas gig, I will do a lunch presentation on the incident.



Also, let me share some statistics and personal thoughts which can put this well into perspective.



a. The U.S. has more than 525,000 producing oil wells in the country. With about 5 million barrels per day produced in the U.S. , this means that the average well in the U.S. produces less than 10 barrels per day and included in that average are prolific wells in Alaska and the Gulf which are capable of producing much more. I would bet the median oil rate of a U.S. well is less than 3 barrels per day. More than 31% of the oil wells in the U.S. according to the DOE produce less than one barrel per day!



b. With the Macondo well belching an estimated 40,000 to 50,000 barrels per day means the Macondo well is capable of flowing more than 4,000 to 5,000 average wells in the U.S! Is there no surprise that fields like this one are the prize being sought after by the industry which cannot drill in shallow waters or much of anywhere in the U.S. anymore? This one well produces about 1% of the entire U.S. production rate and is most likely the most productive well in the country! And probably one of the most productive wells in the world. It is too bad that this field will most likely never be produced following shutting and abandoning the Macondo #1 blowout.



c. The only way the Macondo well can be stopped is by intersecting the well with the relief wells being drilled now. If the "junk shot" or "top kill" method would have stopped the flow or the blowout preventer finally closed, the pressured oil would have just ruptured the shallow geological formations and oil would have been coming up in geysers all over the place for miles and then the only way to stop the flow would have been to allow the reservoir to deplete. And this could have been years! Thus, it is a "good" thing that the "top kill" failed.



d. This next statistic is not to bash our president; but to put things into perspective: When Air Force One is in the air, it consumes jet fuel (which incidentally comes from the Gulf of Mexico ) at the rate of 5 gallons per mile as indicated in data released by the govt. And anywhere the pres goes, there are at least two jets of equal size carrying his cars, golf carts, secret service, guests, press, etc. If you make the calculations, this means that when the president takes a junket in Air Force One, he and his entourage are consuming the entire oil production of approximate 450 average oil wells in the U.S. !



e. Tony Hayward, the beaten down CEO of BP, is a friend of mine who I worked with on our project in Colombia in 1994-1997. He was the Exploration Manager for BP's Bogota office. He has a phD in geoscience with highest honors and has more 28 years experience in technical and management positions with BP, which is a heck of a lot more applicable to his job than community organizing. It would be impossible for him to know the level of detail of what happened on that rig; and Rep. Waxman's questioning just revealed the U.S. government's requirement to place personal blame and focus on something other than the administrations failings on a number of fronts. I contend that the pollution in the Gulf is horrific; but the Gulf will recover. However, the government's overreach into the oil industry as a result of the incident will do more harm to the country in the long run. Waxman et. al. will deal more harm to the country which will never be cleaned up. My advice to Tony Hayward when he met with the congressional panel, and his other public appearances, would have been to have a good speech writer and use a teleprompter. That way he could have kept his foot out of his mouth and look more like a competent chief executive.



f. The blowout was clearly caused by human error and an unintentional accident and combination of unforeseen failures of protective devises which all have levels of redundancy. It is very analogous to the loss of the space shuttle Challenger which was destroyed because of seal failure of the solid fuel rocket booster. When that happened, in spite of engineer in Morton Thiokol (manufacturer of the solid fuel booster) pleading to stop the launch following freezing weather at the launch pad; I did not see the head of NASA butchered in front of Congress and asked to jump on a sword. BP has assured everybody that all legitimate claims will be honored; but I heard today that a homeowner was asking reimbursement for loss of home value as surely his failure to sell his home is the fault of BP. Am sure the hookers in New Orleans will charge BP for the loss of income from the rig workers who will be unemployed for six months. How much of the $20 billion will go to ACORN? Will be interesting to follow this money trail........

Obama Is Doing All He Can - To Hinder Saving The Gulf

We were silently hoping that the feds had run out of ways to be able to screw up operations for cleaning this oil up (this come directly from folks who live in southeastern Louisiana). But NO. not only does Obama STILL not put a temporary wavier on the JONES ACT, but now the coast guard are literally grabbing the only vessles doing anything and threatening to jail the crews for not being properly license.

the last two weeks Anderson Cooper has been landing some very nice guests. Today his opening remarks made me lose it. According to Anderson Cooper, John Young and Billy Nungesser, the Coast Guard suspended the activites of several vessels who were SUCCESSFULLY cleaning up the oil. The reason? because the vessels were not properly registered.

WHAT?! Registration?! yes, registration, the biggest threat to our environmental clean-up efforts and trying to save the livelihoods of those in the Gulf, because Obama forbid that somebody actual work on saving the gulf if they are not registered properly.

So after letting out that steam, lets objectively look at this, it could be that this registration is needed so that the coast guard knows whats available to them, so its good to keep them off the water until they are registered... that will only take 2 to3 weeks to register the boats. Yep, 2 to 3 WEEKS. And this is only the latest act of interfearence from our wonderful government who insist that they are "going to be relentless" in their efforts down here

Don't forget that the JONES Act , which is over 65 years old, requires that no vessel can operate in conjunction with the federal government UNLESS they are staffed by UNION Members. - You can't make this up.

http://www.openmarket.org/2010/06/14/obama-blocked-clean-up-of-bp-oil-spill-by-friendly-countries-international-assistance-blocked-by-regulations-obama-had-the-authority-to-waive/

Look folks theres no other way to say this, obama doesnt give a crap about louisiana, florida, texas or any other state for that matter, he just cares about his dream for total power and domination and he will do anything OR NOT DO ANYTHING in his power to acheive his goal.
I`m sorry people but its time you people wake up and see this man for what he is, he`s a puppet for the socialist radicals, he`s just a talking piece....no executive experience, no common sense, just a south side chicago thug and crook!

Let me give you an example of how he is a thug and a lying crook...........

In his "we have to destroy oil production in this country" speech is said we’re running out of places to drill for oil, we’re running out of places to drill because the federal government has confiscated the land and has cordoned it off. We’re not running out of places to drill in shallow water. That’s just an abject lie. Here, let me go to this now. Hang on. Where are you? Good lord, I’m all the way down to the bottom of the page, and I still haven’t found it. Oh, here it is. Let me take you back to August 18, 2009: “Obama Underwrites Offshore Drilling.” You read that headline correctly, according to The Wall Street Journal. Unfortunately, the Obama administration is financing oil exploration off the coast – drum roll, please, drum roll – of Brazil. Brazil?

“The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Advisor James Jones met this month with Brazilian officials to talk about the loan.”

How does the federal government get the authority to loan money to the Brazilian government so that they can explore for oil in shallow water? Here, let’s go through this exercise again. How does the federal government attain the authority, where does it divine said authority, to loan money to another foreign government for any purpose, for that matter? Can you answer that question? I can tell you this, it’s nowhere to be found in the U.S. Constitution. But that doesn’t matter. So the Brazilians don’t have to move to a green economy. So I’m just trying to illustrate here, this is not about saving the damn planet. And this is not about climate change. This is about Obama’s buddies standing there at the Chicago Mercantile Exchange needing him to force, ramrod, shove down our throats this cap-and-destroy, cap-and-tax plan sitting dead as a doornail in the United States Senate.

There’s a follow-up story here from CNNMoney.com, “The one oil stock that may be worth buying” these days. “Brazil is one of the favorites to win the World Cup. It may also be an investor favorite in the hard-hit oil sector. While shares of BP continue to get crushed as the spill in the Gulf of Mexico gets worse by the day, Brazil’s Petrobras has stabilized in the past month. The oil giant, which is controlled by the Brazilian government, is even considering selling a big chunk of stock in order to raise money to finance more drilling off the Brazilian coast.”

Now, bear in mind that I just read you that a large chunk of what Brazil already has was obtained by what? A loan from the Obama administration. So you Brazilians, have at it. Don’t worry. It’s completely safe. Nothing to see here. The beaches of Rio de Janeiro are secure. But the rest of you buffoons over here in the United States get ready for the clean energy economy that, whether you like it or not, you’re going to live under. Back to the digital media files. I just – the juxtaposition here is just, [mimicking President Obama] “We’re going to make the Gulf better than it was before. But if you worked in an oil patch, life sucks for you.”

[Clip] President Obama: For decades we have known the days of cheap and easily accessible oil were numbered.

I ask: We did?

[Clip] President Obama: For decades we’ve talked and talked about the need to end America’s century-long addiction to fossil fuels. And for decades we have failed to act with the sense of urgency that this challenge requires. Time and again the path forward has been blocked, not only by oil industry lobbyists, but also by a lack of political courage and candor. The consequences of our inaction are...

[Clip] President Obama: ...now in plain sight. Countries like China are investing in clean energy jobs and industries that should be right here in America.

I say: Are you kidding me? Countries like China are building coal-fired generating plants. [Mimicking Chinese accent] “As a matter of fact, China has a pledge to build one coal-fired generating plant every week for next 10 year, President Obama.” What are the Chinese doing that has to do with green energy off the Straits of Florida? Hmm? Anyone else remember this? There is oil in shallow water right off the coast of the United States; and it’s easy to get to, too. You know where it is? Yes, in addition to it being off the coast of Louisiana, Texas, Alabama, and Mississippi, it’s off the coast of Florida. You ever heard of the Florida Keys? You have? Well. That little body of water that is to the south of the Keys as they stretch out into the Gulf there, it is the Gulf of Mexico, but it is known as the Straits of Florida. What is it that is between Key West and Key Largo or Key Biscayne or Islamorada or any of those Keys, or what is on the other side of the Florida Straits south of those islands I just mentioned? You know what it is? Cuba. What are the Chinese doing down there right now, Mr. President, while they’re out there pursuing their alleged green energy future? I don’t believe this guy even looks into a camera and tells these lies. The Chinese are angle drilling, what is known as angle drilling, into what amounts to the territorial waters of the United States. What are they drilling for? Oil. With the Cubans. The Chinese are exploring for oil in partnerships with the Russkies. Where? Right off the coast of Alaska in the Arctic Ocean. The Chinese are exploring for oil off the coast of South America with who? The Venezuelans. Green energy, China is becoming a green economy, my ass. Unless it’s by attrition here because they have fewer citizens every week than they had the week before.

[Clip] President Obama: We send nearly $1 billion of our wealth to foreign countries for their oil.

I say: So?

[Clip] President Obama: Today, as we look to the Gulf, we see an entire way of life being threatened by a menacing cloud of black crude.

[Clip] President Obama: We cannot consign our children to this future.

I cant help but laugh at the extent of this mans lines of bullshit and that no one will question him on it.....

[Clip] President Obama: The tragedy unfolding on our coast is the most painful...

My response: Wait, wait, stop [laughing]. We cannot consign our children to the future that, if they want to go to one of Obama’s vaunted schools because education is key, what are you supposed to do? Take the solar transit to get there? We cannot consign our children to this future. This is again, ladies and gentlemen, just more disturbing evidence that everything that has happened before the reign of Barack Hussein has been an aberration. Everything that has happened before the reign of fire of Barack Hussein has been wrong and needs to be rewritten and needs to be done away with.
AND BEFORE ITS TOO LATE!