oil

I will be out-of-pocket for most of the morning, so posting may be light.  I may have a brief word about the jobs number or you can catch some of it on my twitter feed. In the meantime, here are the links Must-reads: European Credit…

More Deepwater Horizon Links BP shares plunge | Business | guardian.co.uk RIGZONE - Deepwater Horizon: A Firsthand Account Washington Post: EPA tells BP to use less toxic chemicals to break up oil spill BP hit by avalanche…

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.…

The top kill procedure did not work. So it's on to the next desperate measure. Meanwhile thousands of gallons continue to leak from this well. Also see: Documents Show Early Worries About Safety of Rig - NYTimes.com  BP's…

Hat tip Marshall Auerback.

Highlights The US dollar was stronger vs. the majors, as the euro was unable to hang on to its recent gains above 1.24.  Euro selling accelerated after news of German regulator BaFin banning some short sales (see below).  Euro…