A Disaster Of Mega Proportions Brewing In Gulf

[Guest KarlS]

Louisiana Spill could eclipse Exxon Valdez

Having lived through the Exxon Valdez oil spill I can only ask that we all send our best to the people of Louisiana and the Gulf Coast. They really have no idea what is coming their way nor how to deal with it.

I am only one of the families whose life changed forever after March 24,1989. Alaska's spill affected population numbers measured in the thousands. This will be millions! I am anxious to see the differences in how this is handled not only by BP, but the administration. They have no idea what is about to unfold. Janet Napolitano..please. I pray.

Won't rant.....

[Rightwinger]

I want to know which fringe environmental whack unit sabotaged the platform.

Just look at the timing. Nothing has happened on those rigs for years and a few weeks after BHO announces drilling will ramp up and re-open, low and behold, a disaster strikes. This wasn't an active well either....

Maybe someone got their intel screwed up and were just trying to make a small incident and it went way beyond their control.

[Garufa]

Might want to loosen that shiny silver hat RW.

[Rightwinger]

Flawed logic?

[MCSCOTT]

I want to know which fringe environmental whack unit sabotaged the platform.

Just look at the timing. Nothing has happened on those rigs for years and a few weeks after BHO announces drilling will ramp up and re-open, low and behold, a disaster strikes. This wasn't an active well either....

Maybe someone got their intel screwed up and were just trying to make a small incident and it went way beyond their control.

Silver hat and all, in a way I have to agree with you. We've had the argument going over why we don't do more drilling here at home instead of getting oil elsewhere. Seems like this would give them a good example of why we shouldn't drill more here, and also a good reason for gas prices to go up again.

Just a random thought though, either way I feel for all the people in this area. I still find it hard to believe, with as much as oil is worth, why they haven't come up with a better method to contain and pull the oil back out of the water in this type of situation.

[Guest HvyMtl]

IF this becomes a disaster the size of the Valdez, I mean in area affected, fishing and shrimping industries will tank. The Gulf Coast areas reliant on tourism will tank. Oil platforms will be severely questioned, increasing the costs of oil, tanking the general economy. Those areas are still recovering from Katrina. This will sink them.

[Guest KarlS]

The entire focus will shift out of DC to Louisiana. Sad a tragedy will take the heat off.

[Guest KarlS]

IF this becomes a disaster the size of the Valdez, I mean in area affected, fishing and shrimping industries will tank. The Gulf Coast areas reliant on tourism will tank. Oil platforms will be severely questioned, increasing the costs of oil, tanking the general economy. Those areas are still recovering from Katrina. This will sink them.

Sport fishing...tourism...real estate...commercial fisheries...all the support industries will be included. Massive job loss. It is these folks that should be offered clean up jobs. If the thugs move in they will be doomed.

[Guest jackdm3]

Really odd that they didn't tank that day, but actually two days later.

Google Finance page for the company involved, Transocean (ticker: RIG):

Transocean LTD: NYSE:RIG quotes & news - Google Finance

Snippet about fishing and general environment:

Business & Financial News, Breaking US & International News | Reuters.com

[willis68]

Just a friendly tip to you guys, I have worked in this industry for 10 years, and if you want to buy stock buy Transocean now, I Guarantee they will rebound from this as BP will end up paying the bills

[Oh Shoot]

This is gonna hit us all, folks.

Gonna go way beyond the seafood market, impact the economy in ways not fully recognized yet.

Has a good chance of making Exxon Valdez spill look like a piker if they really can't stop it within a few weeks.

No matter what the total spillage may turn out to be, call me a tree hugger, but this is a REAL environmental tearjerker, any way you look at it.

- OS

[Guest jackdm3]

Already have it, but I'd be truly amazed if it recovers in mere days/weeks.

[willis68]

Already have it, but I'd be truly amazed if it recovers in mere days/weeks.

It may take a while, but they will recover

[TripleDigitRide]

All those poor animals. Very, very sad.

[-boatman-]

I want to know which fringe environmental whack unit sabotaged the platform.

Just look at the timing. Nothing has happened on those rigs for years and a few weeks after BHO announces drilling will ramp up and re-open, low and behold, a disaster strikes. This wasn't an active well either....

Maybe someone got their intel screwed up and were just trying to make a small incident and it went way beyond their control.

The same thing has crossed my mind several times. I know it's possible nothing like this happened but something just does not feel right.

[Guest jackdm3]

I'm not sure you need help to create some Chernobyl situation. Some of these rigs get pushed hard to get the most out of their construction costs.

[Guest KarlS]

Just learned that BP is setting up drilling operations nearby the old well. They contend they will need to drill a relief well to stop the flow of oil. That the good part. The bad is it may take three months to drill the 18,000 ft they need to go to stop the flow!! Three more months of continuous oil flow? This is bad!!

[Guest jackdm3]

They're talking about sending an explosive charge down 5000 feet to close the wound.

[saintsfanbrian]

:tinfoil:Maybe this is the disaster that BHO is going to use to declare Martial Law in the US so he can just go in and take over the oil rigs.

[molonlabetn]

This is why we need to get all of that nasty oil out of the ground as quickly as possible.

[pitt2magic]

Im in Pensacola visiting my parents, took the kids the the beach yesterday so they could see it before it is destroyed. I grew up playing in that sand and its sad to watch the news as they update the forecast.

[Guest 6.8 AR]

:tinfoil:Maybe this is the disaster that BHO is going to use to declare Martial Law in the US so he can just go in and take over the oil rigs.

I doubt the martial law thing over this, but see if he doesn't go after the oil companies like he is going after Goldman Sachs.

Another emergency that might not go to waste.

[Guest jackdm3]

Goldman just got slapped down to "sell" status by the S&P. This is gonna be good!

[Guest jackdm3]

Not going to Destin THIS year, that's fo sho! And your pain at the pump may sting a little soon.

More news.

Drilling shares swoon on downgrades, Gulf ban Energy Stocks - MarketWatch

[Guest SUNTZU]

Gas prices have been rising. I've heard reports of + 15 cents a gallon already.