Archive

Posts Tagged ‘Oil’

Russian government now largest shareholder in BP

January 20, 2011 Comments off

“Will almost certainly complicate the politics of levying and collecting damages” from Gulf oil disaster says Congressman

BP’s frantic efforts to repair its devastated reputation in the US have been set back by a major new alliance with the Russian government, prompting outraged comments from all sides of the political spectrum.

Amid continuing anger from the American public over the Gulf of Mexico oil spill, politicians are calling for an investigation into BP’s deal to sell a 5 per cent stake in the company to the Russian state-controlled oil giant Rosneft.

That deal, which gives BP access to vast untapped oil reserves in the Arctic, was signed with fanfare in London on Friday night, but across the Atlantic, one Congressman renamed BP “Bolshoi Petroleum”. US critics also suggested BP has now become a national security threat, as well as environmental one.

“The national security implications of BP America being involved with the Russian company – that does require scrutiny by the Committee of Foreign Investment in the US (CFIUS),” Michael Burgess, a Republican from Texas, said in a television interview hours after the deal was signed. Read more…

Louisiana officials: Parts of coastline still heavily oiled

January 10, 2011 1 comment

More than eight months after an oil rig explosion launched the biggest oil disaster in U.S. history, Louisiana officials say they’re still finding thick layers of oil along parts of the state’s coastline.

“Every day, this shoreline is moving inland,” lessening flood protection for residents, Plaquemines Parish President Billy Nungesser said.

On Friday, Robert Barham, secretary of Louisiana Department of Wildlife and Fisheries, joined Nungesser on a tour of portion of Louisiana’s coastline still heavily oiled by the BP Deepwater Horizon oil spill, according to a statement from the wildlife and fisheries department.

“It has been eight months since the Deepwater Horizon oil rig explosion, and five months since the well was capped. While workers along the coast dedicated themselves to cleaning up our shores there is still so much to be done,” Barham said in the statement.

During a walking tour of an area called Bay Jimmy, Nungesser said oil can be seen from a distance.

“When the tide is out … you can see thick oil onto the water for 30, 40 feet out,” the parish president said. “There’s been no mechanism to clean that up thus far.” Read more…

BP Oil Spill: “People are getting sick all over the Gulf Coast”

January 6, 2011 Comments off

The effects of the disaster that poured millions and millions of barrels of oil into the Gulf of Mexico last spring will have global ramifications, a Gulf Coast activist recently warned.

“What’s been done in the Gulf is going to eventually affect every single American citizen,” Kindra Arnesen told Project Gulf Impact in a recent interview.

She continued, “This is still going to go global because as the economy and the United States goes under the sledgehammer… the rest of the world is going to feel it.”

“This isn’t just about the United States. This isn’t just about the Gulf Coast. This is about a whole planet because one hand washes the other,” she added.

Arnesen, a South Louisiana mother who with BP’s invitation toured areas devastated by the Macondo Well explosion, described the negative health effects to which she and others, including oil spill clean up crews, were exposed around the Gulf Coast.

One such crew she encountered had brown spots on their bodies. Her friend on the same crew currently has bruising across her stomach, she said.

“It didn’t look like someone punched her in the stomach,” Arnesen explained. “It looked like the blood vessels underneath the skin surface were literally breaking and the blood was slowly coming to the surface.”

“People are getting sick all over the Gulf Coast,” she added. “If people who live here can get sick, then people who come here can very well get sick.”

Arnesen also noted that the chemicals used in the clean up are known to make animals sterile.

“We’re not that much different than a species in the Gulf,” she said, taking into account the area’s children.

According to the coastal zone director of Plaquemine Parish, the oil spread across the Louisiana shoreline after the well was capped in September from 287 miles in July to 320 miles in late November.

“The government does not have a plan,” Arnesen said. “BP is about to pull the response efforts out of the gulf. We’ve got to step up to the plate and say something.”

Video:

2010 in Review-Commodities affected by World Events

January 4, 2011 Comments off

Notable events that affected commodity prices in 2010

Oil will exceed $145 per barrel in 2011

December 24, 2010 4 comments

As predicted by Lindsey Williams on December 16, 2010 Ken Fromm (an former Alaskan oil exec/globalist elite) has been telling Mr. Williams of particular economic woes to come from his deathbed within the next 2 years.  I have  researched Lindsey’s prior statements regarding oil, precious metals, and other world events and my conclusion is that he is amazingly accurate! Gulf Oil CEO Joe Petrowski said “I think we’ll be at $100 in the first quarter,” he added, “and there’s 1 in 4 chance we’ll take out the $147 highs before Memorial Day.”   It is very possible in the near future by the end of 2011 we will paying in the range of $5-$8 at the pump.  As of today the current price of crude oil is at $91.51.

2011 Gas Prices

http://www.cnbc.com/id/40794066

http://www.infowars.com/lindsey-williams-crude-oil-price-targeted-for-150-200-per-barrel/

http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/15335343-1.html