disaster

Link of the day Anadarko Says BP Should Pay for Oil Spill After Being Reckless - Bloomberg.com The Usual Fare Wall Street Reform Could Cost Goldman Sachs Billions - Huffington Post The Economist Off the Deep End on BP and…

Matt Simmons says 120,000 barrels a day are leaking from the hole where the Deepwater Horizon rig blew up in April. He also says scientists cannot detect where the well bore was, so the casing in the hole is gone. Simmons says this…

I will probably be out all morning so posts will be light. But, in the meantime for you double-dip recovery fans I have an old link from last year for you to remind you this has not been a real recovery but a statistical one. …

John is one of the ten most followed writers at Seeking Alpha and a Senior Contributor at TheStreet.com and Real Money. Last week I tried to bracket the cost exposure for BP as a result of the Deepwater Horizon well head blowout and…

By John Lounsbury. Here is some astounding news:  BP PLC (BP) has 97% of the most serious safety violations at U.S. refineries over the past 35 months.  In the very top "egregious" category, BP has 99.9% of all…

Deepwater Horizon Gulf Oil Production by Water Depth - Paul Kedrosky 1997 Warning on Deep Blowouts: ‘Options Are Limited’ - Dot Earth Blog - NYTimes.com WELL CONTROL Ultra-deepwater blowouts - how could one happen – Offshore…

All of the techniques now being used to plug the oil spill in the Deepwater Horizon disaster in Macondo Prospect were tried 31 years ago with Ixtoc I and they failed. It was only when relief wells came online 10 months after the disaster…

Below are a few media reports from September 2009 discussing the BP Gulf of Mexico Tiber Oil Field find when it originally hit the newswires. This was the deepest oil and gas well in human history, going to a depth of 35,000 feet.…

The latest updates from the Deepwater Horizon oil spill and other links

In addition to the already worrisome environmental implications of the Deepwater Horizon oil spill, the economic implications are now starting to look serious. We may see the military take over at some point unless BP can plug these leaks.…