Saturday, June 12, 2010


June /11/2010-12:41 PM EST.
  By: Isaac

     While British Petroleum's fiasco in the Gulf has captivated the world's attention, the companies operating in this seismically active area have continued to slip under the radar. There are 26 companies still operating 257 sub-sea boreholes in the deep-water Gulf areas, with BP owning 42. The deepest well belongs to the Shell coporation, with well SA001 , block 815, at a depth of 9,356'. The shallowest belongs to the Hess
Corporation, well 001, block 158, at a depth of 1,050'. There are 105 boreholes drilled into the Macondo region, 34 belonging to BP. The 3 deep-water permanent platforms owned by BP in the Macondo are:
the Nakika FPDS, at 6,378', the Thunder Horse, at 6,200', and the Horn Mountain, at 5,400'.

   Seismic records going back to the 1980's, have gradually revealed a pattern of movements in the Sigsbee layer that is part of the continental shelf of the Gulf of Mexico. Operating risks concerning this area have been known by the U.S.G.S., the M.M.S. and oil company geologists, among others, for quite some time. The ratio of deep-water wells to the ratio of shallow-field wells off of the Texas coast is an indication of our government's reluctance to grant drilling rights in this region. The main question people seem to be asking is:

"  Why would our government grant permission to drill in an extremely risky area, to a company whose accident rates top the charts ? "

   The story has continued to unfold to an emerging pattern of shady deals made with back-room knowledge, by corporate insiders like Goldman Sachs, who sold 4,680,822 shares of BP in the first quarter of 2010.
G. Sachs International chairman, Peter Sutherland holds some other interesting titles, including a position on the Trilateral Commission, he was also the founding director-general of the World Trade Organisation. Another example would be Goldman employee Fabrice "Fabulous Fab" Tourre  where he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf. "One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!

SOURCE:   M.M.S. Deep-water records.

SOURCE:   The Raw Planet

SOURCE:   Zerohedge

SOURCE:   Huffingtonpost

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