Many people are unaware of just how dangerously destructve the Deepwater Horizon blowout is.
Most of the media are playing along with a low key story, in which BP are about to solve the problem of escaping oil with the cofferdam whilst Gulf Coast communities brace for the economic and environmental impact of the oil spill.
The Long Emergency communities (Oil peakers, collapsarians etc) are meanwhile heralding doom. They point out that we have an unprecedented engineering event – losing a well head – leading to potentially 10,000,000 gallons of oil gushing into the ocean from a hole in the earth’s crust so deep undersea that is at the very edge of human engineering capabilities.
On the Life After The Oil Crash forums there is speculation that this gusher is unstoppable and may cause unprecedented damage to the entire global oceanic ecosystem.
Oilprice.com has a grim article that reports
WMR has been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama’s 2008 presidential campaign — more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP’s liability for damage caused by what can be called a “mega-disaster.”
Obama and his senior White House staff, as well as Interior Secretary Ken Salazar, are working with BP’s chief executive officer Tony Hayward on legislation that would raise the cap on liability for damage claims from those affected by the oil disaster from $75 million to $10 billion. However, WMR’s federal and Gulf state sources are reporting the disaster has the real potential cost of at least $1 trillion. Critics of the deal being worked out between Obama and Hayward point out that $10 billion is a mere drop in the bucket for a trillion dollar disaster but also note that BP, if its assets were nationalized, could fetch almost a trillion dollars for compensation purposes. There is talk in some government circles, including FEMA, of the need to nationalize BP in order to compensate those who will ultimately be affected by the worst oil disaster in the history of the world.
Plans by BP to sink a 4-story containment dome over the oil gushing from a gaping chasm one kilometer below the surface of the Gulf, where the oil rig Deepwater Horizon exploded and killed 11 workers on April 20, and reports that one of the leaks has been contained is pure public relations disinformation designed to avoid panic and demands for greater action by the Obama administration, according to FEMA and Corps of Engineers sources. Sources within these agencies say the White House has been resisting releasing any “damaging information” about the oil disaster. They add that if the ocean oil geyser is not stopped within 90 days, there will be irreversible damage to the marine eco-systems of the Gulf of Mexico, north Atlantic Ocean, and beyond. At best, some Corps of Engineers experts say it could take two years to cement the chasm on the floor of the Gulf.
I am dearly hoping these people are simply alarmists and/or wrong. The cofferdam has been successful lowered onto the main leak now, but it will not be operational until Sunday or Monday.
Right now the spill is comparatively small, not even as big as 1989’s Exxon Valdez spill, but it has the potential to be massively worse.
For the official version of events and regular updates, keep and eye on:
Official Deepwater Horizon Response site http://www.deepwaterhorizonresponse.com/
Deepwater Horizon YouTude channel: http://www.youtube.com/user/DeepwaterHorizonJIC
Good Breaking News Coverage from Nola.com: http://www.nola.com/news/gulf-oil-spill/index.ssf/breaking_news/index.html