NOL,
Tony, by virtue of being an insider, would be under all kinds of restrictions as to when and how he could sell stock, just in the U.S., let alone under UK law. I genuinely believe that he wasn’t lying about not knowing what was going on with Macondo, and expect that DWH was never brought to his attention until there were flames over a rig in the Gulf. With GS, who knows? They might have gotten wind of safety-related problems, or it could have been an oil-pricing play, or…
Question,Is it a coincidence, or premeditation, that Tony, and Gold Sach’s sold their BP stocks, just prior to the accident…That is nagging at me.
Oh no, it’s just a co-inky-dink, these kinds of co-inky-dinks happen ALL THE TIME, you know that saying “co-inky-dinks happen”.
No one in a position of power would EVER think of ENRICHING THEMSELVES and other favored parties via trading on inside information…it never happens.
So move along, there’s ABSOLUTELY NOTHING TO SEE HERE, peasants…after all, we are your Masters and we are above-board in all that we see, think, and do, quite unlike the “small people” who are “particularly likely to file false claims”. So I think you, too, owe BP and GS an apology, and should be ashamed to live in a country where the mere suggestion of any wrong-doing by such god-like, perfect creatures such as oilmen and financiers…never mind their prior felony convictions for screwing over others in their quests to enrichen themselves…could even be contemplated.
But, just in case, you might want to hide the silverware if you ever invite them into your house for a cocktail party…
[QUOTE=dell;37322]Well, I am a lawyer, and I expect the BP General Counsel, their outside lawyers and their crisis management firm have also been putting in 26 hour days–with some success in creating a fog-of-war blame haze. There must have been some [I][U]really[/U][/I] interesting exchanges preceding last Wednesday’s meeting and BP agreeing to fund the $20b, because BP would have started out sounding like Alcor. It seems the WH Counsel’s office was in the lead on this, not Holder’s people, and beat the diversionary efforts down but good–and fast, and convincingly enough that the BP board blinked, and then caved. Damn fine lawyering by some group.
I expect that there will be criminal actions, but going to the top or murder are going to be REAL stretches. This is more like a drunk driver, recklessly endangering anyone that crosses his or her path (viz. Anadarko), except here the drunk driver was the Houston engineering staff–and the management structure surrounding them. Drunk drivers who kill do end up wearing orange jump suits, but aren’t convicted of murder, which requires a level of intentionality that is lacking here. Houston didn’t WANT this to happen: they just created the conditions where, after all the negligence, and with the reservoir they tapped and the strata that the wellbore went through, it was inevitable.[/QUOTE]
I appreciate this post & would settle for some kind of negligent homicide for all in this case. The thing that burns me up most is the lying & blaming the dead to cover their tracks. I always had a problem with squaring the accusations of these guys with their experince, but thanks to ALL the lies, obfuscation & cover up by the BP management I don’t have to square it. BP has taught me something new about the total depravity of a human being when they are this skilled at lying & abuse. While these guys should do time for negligent homisicide & there is still some doubt as to whether they will ever be charged, they are most certainly guilty of lying to the government & the American people in the cover up of the damages caused by this disaster. This is an obvious crime which started from Tony himself & has worked its way down since. I think it would be fairly easy to get these guys on charges of lying to government officials during an investigation. As afar as the 20 billion payout. I would get my claim in pronto. I believe it was a ploy to buy time & remember all they did was take the dividend for this quarter from their shareholders & place it into the escrow account.If I were a big shareholder I would certainly want to keep tabs on their math. Anyway this thing is far from over. The well head is starting to lean severely & it appeared to me that there was a massive flow coming out of the ground on one side of the well. If they get to the well bore within a week hopefully they will have a chance of a kill, but I just can not put any faith in anything these people say about anything. They have shown that lying is a huge part of their corporate DNA.
[QUOTE=bigmoose;37186]Alf, I’ve wondered since watching the ROV vids; when the pilot is hands off the stick, are they gyro stabilized in roll, pitch and yaw when not clamped onto a hardpoint?
On another ROV point I’ve talked to a friend who is involved in surgical robotics; and he talks of how the surgeons arm and hand is “mirrored” with sensors onto the tele surgery arm. Surgeon moves his wrist, the robot writs moves in unison. Now I can see how this type of control would be great for ROV dexterous events, like removing a nut; then cut back to joystick for a hold this dispersant hose for an hour type operation. Any insight into their control systems? Joystick only?[/QUOTE]
I haven’t seen gyro’s as a standard on the ROV’s I’ve worked with, but I’m sure it could be done as a retrofit. Usually ROV’s lock onto a heading and set thrusters, then re-adjust as req for drifting.
I’ve never seen a “mirrored hand” used. Normal ROV ops don’t require such fine dexterity. The end of the arm has a jaw with 360 deg rotation, the arm being essentialy for grab/turn/twist/push/pull type ops.
The ROV’s on the ROV support vessels generally have better capabiliities than a rig ROV. But I have never been on one of these vessels so I can’t really comment there.
Try looking at the Oceaneering website to give you a better idea of these beasts capabilities.
[QUOTE=Frarig;37255]
I’ll be joining a TO rig in a couple of days, with a 15K Cameron TL stack and a crew of highly experienced SSE’s. Hopefully I’ll be able to pick their brains and come up with some more information for you all.[/QUOTE]
Good Luck with the new job.
[B]Goldman Sachs, Morgan Stanley, BP, TOT, Shell, DB and Societe General founded the Intercontinental Exchange in 2000. ICE is an online commodities and futures marketplace. It is outside the US and operates free from the constraints of US laws. The exchange was set up to facilitate “dark pool” trading in the commodities markets. Billions of dollars are being placed on oil futures contracts at the ICE and the beauty of this scam is that they NEVER take delivery, per se. They just ratchet up the price with leveraged speculation using your TARP money. This year alone they ratcheted up the global cost of oil from $40 to $80 per barrel.
http://www.ktradionetwork.com/2009/11/13/goldman-sachs-oil-scam-passes-25-trillion/
[/B]If this is on the wrong thread then bilge it, but this, in my opinion, goes a long way in showing what is at the heart of the matter with this catastrophe.
As always, follow the money.
ICE has bought IntercontinentalExchange Inc., an Atlanta-based electronic exchange, completed its purchase of the New York Board of Trade http://www.investmentnews.com/article/20070115/REG/70115001
ICE Buys Leading LNG/Chemicals Trading Platform ChemConnect http://seekingalpha.com/article/37309-ice-buys-leading-lng-chemicals-trading-platform-chemconnect
ICE Buys Chatham Energy Partners http://www.finextra.com/news/announcement.aspx?newsreview=comment&pressreleaseid=17032
ICE Buys Creditex http://business.highbeam.com/436152/article-1G1-184330139/intercontinental-exchange-newsbite-ice-buys-creditex
ICE Buys Default Swap Clearer http://goliath.ecnext.com/coms2/gi_0199-9559052/ICE-buys-default-swap-clearer.html
ICE buys Chicago Climate Exchange http://www.eenews.net/public/climatewire/2010/05/03/2
Now about that Tarp money and Cap and Trade . . .
[QUOTE=dell;37330]NOL,
Tony, by virtue of being an insider, would be under all kinds of restrictions as to when and how he could sell stock, just in the U.S., let alone under UK law. I genuinely believe that he wasn’t lying about not knowing what was going on with Macondo, and expect that DWH was never brought to his attention until there were flames over a rig in the Gulf. With GS, who knows? They might have gotten wind of safety-related problems, or it could have been an oil-pricing play, or…[/QUOTE]
Dead on with Tony, any significant C-Suite sales of a stock are nearly always on record well before they happen and are usually driven by shares becoming unrestricted (restricted shares have a day before which they cannot be sold) it could have been related to stock options maturing, or a planned major purchase, maybe a new racing Yacht. Also given the timing it looks like he sold right after BP came out of its first quarter quiet period (period after the end of a quarter and before earnings are officially released that the company cannot issue new debt or equity during and during which inside holders can be restricted in their ability to trade).
In the case of Goldman digging into it more this morning, there is no indication they were shorting the stock, however they did sell 4.9M shares across 3 different funds over the first 3 months of the year. While their equity analysts who publishes research for external clients had placed a buy on the stock in December, the funds likely have different traders and analysts managing them who could have an honest difference of opinion or who could have been playing a trading strategy based around oil prices, or another oil company representing better value, or they just needed to raise cash, or the 71% gain over the previous year had moved their position above the desired exposure, etc. Also given the sales were spaced out over a quarter and that GS still retained over 40% of their original position after the sell off, the probability they had wind of this specific incident or well problem is rather low.
"atta boy Alf…’ The Smell of Oil, and Gas…Victory
Now it’s easy to understand how Lindsey William’s “Mr.X”, an elitist in the oil industry/Illuminati, could say that oil that was selling at $147 a barrel would within months sell for less than $50 and be absolutely correct.
How’s that for “fringe”?
Damn these bastards.
How the hell does anyone think they can fight this beast?
They have ICE running through their veins.
[QUOTE=alcor;37223]That really depends on how much gas/oil entered the Annulus and how high up it has travelled. If we assume it’s still in solution then it shouldn’t migrate any further. This is why I emphasize the importance of catching the gain asap.
Believe it or not, it’s quite possible that no gas was in the Annulus, though I seriously doubt this. Let’s assume that 5 Bbls of gas has travelled half way up the Annulus in solution while displacing cement. This gas shouldn’t migrate.
The displacement gets under way and at some point the well goes underbalanced. Flow begins from the Annulus (if that is the failure). The displacement is stopped with SW at the BOP. SPP should read 1000 psi. It reads 1400 psi. The well should be shut in.
Let’s assume the well is now shut in with 15 to 20 Bbls of formation fluids in the Annulus. Will they still be in solution? We’d line up to the Choke and check for pressure. As long as the choke line is full of SW we’ll see the pressure rise quickly and we’ll see what the underbalance is in pressure equivalent. Our next action is based on what pressure is recorded. We should see a greater value on the Choke because the pipe is at 8300 ft.
Depending on the pressure seen on the guages the first objective would be to pump weighted mud down the string while maintaining the pressure on the choke. With mud in the BOP we would close the Choke and bullhead back into the formation if wellhead pressures allow.
In the case of the Annulus being full of gas, we’re going to get a leak at the WH anyway. I’ll get back to you after my dinner!!![/QUOTE]
I have a question, but just learnt Alcor’s been banned, pity I was just getting to like the guy, so this question is open to all. Where are you Alcor when i need you the most. Perhaps you will reincarnate yourself under another handle.
My question is about 1400 psi SPP reading after, as Alcor and reports stated SW was displaced from 8300 ft to the BOP.I read about this too in some report a couple of weeks or so ago and also heard it mentioned in one of those c-span interviews. If recall correctly the choke and kill gauges read zero - but then again I speculate that the choke manifold might have been lined up incorrectly, like perhaps a valves shut isolating pressure communication to the BOP stack.
I could be wrong, so please feel free to point this out, but if at the time this 1400 psi reading was taken and the choke/kill lines were primed with seawater @ 8.3 ppg with 14.3 ppg mud displaced by seawater to just above the BOP stack then could have this pressure been caused by the imbalance of choke/kill line contents of SW with riser mud contents ?
Hydrostatic of chokeline SW contents at BOP sideoutlet failsafe = 5000 x 0.052 x 8.6 = 2297 psi.
Riser Mud hydrostatic at BOP /mudline = 5000 x 14.3 x 0.052 = 3820 psi
3820 psi - 2297 psi = 1482 psi meaning that 1400 psi reading was due to imbalance between the chokeline contents vs riser mud contents and nothing mysterious about it.
Note I do not know what the air gap is but if we assume it be about 70 ft we get about 1500 psi. Any insights or corrections appreciate. My apologies if this has already been covered in this thread. I wish I had the time to read through every page of it.Thanks.
[QUOTE=company man 1;37309]Corky, check my post 3131 & tell me I can’t be right. The fact is we have been going at this all wrong. The only ones to blame the rig- BP. The only ones to blame the BOPs- BP. The only ones that have total control of the crime scene -BP. We haven’t been thinking criminal enough. We have all been thinking like scientists & engineers instead of liars & criminals trying to cover their tracks. Go back & read 3131 & tell me if you were in control & knew the only evidence pointed to you, wouldn’t you try to create some & point it the other way as much as possible. Why else hang onto the evidence from 1500 Hours until the end. They had to make up some kind of story & get the first punch in. What a bunch of dumb lying bastard criminals. Hell can’t get hot enough for these guys.[/QUOTE]
MY understanding is that only policing agencies are allowed into a crime scene, least of all the prime suspect let alone them doing the investigation or sifting for evidence.
Since the thread is quiet, I was wondering why the Rigs don t have Cams to monitor the Employees ,like we have in the hospital. Also, I was wondering, if google satelites, had any realtime video,which only could be shared with the governement ,and I mean ''close -up". Google, has a picture of me, standing in front of my house, with only my face blurred. { I was shocked, when I viewed it, on street view}. Any thoughts ?
[QUOTE=New Orleans Lady;37349]Since the thread is quiet, I was wondering why the Rigs don t have Cams to monitor the Employees ,like we have in the hospital. Also, I was wondering, if google satelites, had any realtime video,which only could be shared with the governement ,and I mean ''close -up". Google, has a picture of me, standing in front of my house, with only my face blurred. { I was shocked, when I viewed it, on street view}. Any thoughts ?[/QUOTE]
The google street view pictures are taken with a car. It has cameras on it and as they drive it down the road it takes pictures every fifty feet or so. They stamp the pictures with gps coordinates and time/date and other “metadata” as they say in the GIS (global information system) trade.
It’s kind of creepy and kind of helpful all at the same time.
Yes, but don’t they have the technology, to stream live , from a satelite in space.
[QUOTE=BLISTERS;37343]MY understanding is that only policing agencies are allowed into a crime scene, least of all the prime suspect let alone them doing the investigation or sifting for evidence.[/QUOTE]The problem is nobody realized it was a crime scene at the time. Remember we all took BP at their word at the start of this thing. We didn’t have their peradigm of oh boy. I screwed up big time. I now need somebody else to focus blame on. Hey, it’s worked for them so far. We’re about the only ones that have focused on the tecnical aspects of this disaster while coupling those aspects with possible motive/ blame that must be assigned in a situation like this. Therefore, as much of a pain as Alocr was, if it wasn’t for his constant harranging of the dead, it wouldn’t have pushed me personnaly into realizing that there was a strong possibility that the crew did nothing wrong excpet follow orders. All the data, given the right lie told before would make the crew look like bumbling fools. The right data, given good, but poorly performed test results shows these men to be heroes., standing their post & fighting this thing knowing something was wrong, but not what. fighting & believing in their equipment , not realizing it had been booby trapped by someone’s careless greed. We have asked these questions hard enough, that if BP had such evidence, they should have produced it. The only reason not to produce it would be to clear the crew & the company man, thereby leaving only their management/ engineering group to be accountable.
Edit: If a picture is worth a thousand words, then the photograph taqken just after the explosion could be the ost useful valuable photograph in the history of this country. It tells a different story than BP’s management does. It tells the truth.
BP was told of oil safety fault ‘weeks before blast’
A Deepwater Horizon rig worker has told the BBC that he identified a leak in the oil rig’s safety equipment weeks before the explosion.
Tyrone Benton said the leak was not fixed at the time, but that instead the faulty device was shut down and a second one relied on.
Several rig workers the BBC spoke to who were on the Deepwater Horizon said there was pressure in April to work fast.
Work to prepare and then seal the well was behind schedule and had to be completed before a production rig could move in and start turning profits.
“Too many jobs were being done at one time. It should have just really slowed down and just took one job at a time, to make sure everything was done the way it should have been,” said Mr Benton, who is now suing BP and Transocean for negligence.
BP has responded to Mr Benton’s account saying Transocean was responsible for both the maintenance and operation of the blowout preventer.
[QUOTE=Alf;37336]I haven’t seen gyro’s as a standard on the ROV’s I’ve worked with, but I’m sure it could be done as a retrofit. Usually ROV’s lock onto a heading and set thrusters, then re-adjust as req for drifting.
I’ve never seen a “mirrored hand” used. Normal ROV ops don’t require such fine dexterity. The end of the arm has a jaw with 360 deg rotation, the arm being essentialy for grab/turn/twist/push/pull type ops.
The ROV’s on the ROV support vessels generally have better capabiliities than a rig ROV. But I have never been on one of these vessels so I can’t really comment there.
Try looking at the Oceaneering website to give you a better idea of these beasts capabilities.
EDIT: http://www.oceaneering.com/rovs/[/QUOTE]
Excellent post. This is exactly the type of iinterchange of nformation this website is excellent at.
One of my side projects right now is working with the compact Arduino computers and the little gyros, compasses, gps and accelerometer chip modules that are available at places like www.sparkfun.com to create, if not an autopilot, at least a motion gathering system for my racing sailboat. Lots of people are creating these types of systems for all sorts of boats and, I would presume also for ships.
For several years I’ve been fascinated with the integration of automation with hydraulic and electrical controls, first in drilling equipment, then expanding to all sorts of other applications.
I have no doubt, the workers, who risked their lives, to save the “ship” were doing theirbest, with the so called,’‘Company Men" paying a "Visit’’. We all get an adrenaline rush, when The Boss, is around. ''natural instinct". Yes , CMI it was stimulating, to observe you, and Alcor’s,“Pro’s & Con’s”… Like The Don said, ’ …It’s nothing personal,stricly bussiness '.
[QUOTE=alvis;37353]BP was told of oil safety fault ‘weeks before blast’
http://news.bbc.co.uk/2/hi/world/us_and_canada/10362139.stm[/QUOTE]
Sorry Alvis. Thanks once agin for good source with credible witness accompanying.
Edit: I just saw the video of the guy from the rig. That has credibility.