What's going to be awesome is when BP posts a 3 billion dollar profit next quarter....
On what basis? I think they will likely pay out 3 billion per quarter in clean up costs......the real profits will belong to :
NR - Newpark Resources Inc.
EVTN - Enviro Voraxial Tech...
NLC - Nalco
CLH - Clean Harbors
ECOL - US Ecology Inc.
PESI - Perma-Fix Environmental Service
WM - Waste Management Inc.
ETC>
Liability cap is being increased, moratorium could be pushed out longer than 6 months, US Government likely to prefer natural gas/Solar etc. to oil going forward, one of : Exxon, Shell or Petro China will likely take a run at them, and http://www.pickensplan.com/theplan/ making more and more sense here....not sure if Obama will allow that quarerly profit that you speak of but I guess we will find out more tonight
Wow...Fox news...the hosts basically just verbally fellate everybody that comes on the show don't they? It sounds like an infomercial. Bless your heart Paul, give us Penny Lane back.
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Gotta admit, its a clever idea. Plus hes actually doing something unlike the Government and BP. It would be massive and expensive though.
It's a clever idea, but the reason no one else does it on a scale like his is because even at 6 million gallons of water cleaned per day, it's a drop in the proverbial bucket and nothing really more then a PR move by BP. ~643 quadrillion gallons of water in the gulf, 6 million gallons cleaned per day, 293 million years to clean them all not too shabby.
Now I realize not all the water is contaminated. Lets say just 1% of the gulf water is contaminated. Only 2.93 million years now. Even if it's just %0.00001 is contaiminated thats 293 years.
I guess by deploying them in a couple ecologically sensitive areas they might do some good but the idea these will clean up the oil is a little absurd to me.
Gotta admit, its a clever idea. Plus hes actually doing something unlike the Government and BP. It would be massive and expensive though.
The machines are not that expensive, BP bought a dozen. The problem is that they all failed on the initial run and tests because the sludge was turning into peanut butter which the machine could not handle due to the high viscosity. Supposedly, Costner claims the problems are now fixed in the new models.
It's a clever idea, but the reason no one else does it on a scale like his is because even at 6 million gallons of water cleaned per day, it's a drop in the proverbial bucket and nothing really more then a PR move by BP. ~643 quadrillion gallons of water in the gulf, 6 million gallons cleaned per day, 293 million years to clean them all not too shabby.
Now I realize not all the water is contaminated. Lets say just 1% of the gulf water is contaminated. Only 2.93 million years now. Even if it's just %0.00001 is contaiminated thats 293 years.
I guess by deploying them in a couple ecologically sensitive areas they might do some good but the idea these will clean up the oil is a little absurd to me.
That's not bad considering they're only running 32 machines. At $500,000 a pop, they can clean up a fair bit of the oil threatening the most sensitive coastal areas. It's not a silver bullet cure-all but if it works as well as advertised, put another 50-100 of those puppies into production and now we're getting somewhere.
It's not a complete solution but it's a damn good start.
Edit: another way to spin the numbers which makes this idea look pretty positive. With 32 machines, they're able to process 6 million gallons of water per day. That converts to roughly 23,000 m^3 of water processed. Lets say they're able to roll out 96 more machines bringing processing capacity to 92,000 m^3 per day.
The oil slick is approx 6,000 km^2 or 6,000,000,000 m^2. Since the oil slick simply floats at the surface, lets say they have to process the top 0.1 m of the water. That's 600,000,000 m^3 of water to go through. At the rate above, that'll take between 17 and 18 years to get it all with no other solutions being deployed and no natural dispersement. Which is better than the current solution of... well basically do nothing and try to scoop it off the beach as it washes up.
Doesn't sound as crazy ridiculous when you put it that way...
It looks like they have completely lost control of the situation.
The Gulf will never be the same.......this could get ugly.
No, it was ugly a few weeks ago. It's a disgrace to humanity now.
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I’m always amazed these sportscasters and announcers can call the game with McDavid’s **** in their mouths all the time.
It looks like they have completely lost control of the situation.
The Gulf will never be the same.......this could get ugly.
Anyone down there will tell you that it already is There is a reason that July Puts have been surging with a huge open interest and the strike price is $12.50 so the market is pricing in a 60% drop in the price of BP (ADR) over the next month. The market knows best....
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Thank you for everything CP. Good memories and thankful for everything that has been done to help me out. I will no longer take part on these boards. Take care, Go Flames Go.
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I’m always amazed these sportscasters and announcers can call the game with McDavid’s **** in their mouths all the time.
Anyone down there will tell you that it already is There is a reason that July Puts have been surging with a huge open interest and the strike price is $12.50 so the market is pricing in a 60% drop in the price of BP (ADR) over the next month. The market knows best....
C'mon the markets are wrong a lot, and misprice things all the time. I'm not saying that BP won't drop, but don't pile in just because everyone else is either!
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Thank you for everything CP. Good memories and thankful for everything that has been done to help me out. I will no longer take part on these boards. Take care, Go Flames Go.
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Thank you for everything CP. Good memories and thankful for everything that has been done to help me out. I will no longer take part on these boards. Take care, Go Flames Go.
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