• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

"Disappeared" Spilled Gulf Oil Discovered, Found Residing On Bottom Of GOM

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Mon, 09/13/2010 - 13:49 | 578770 NOTW777
NOTW777's picture

derek zoolander school for obamites who cant find oil good

Mon, 09/13/2010 - 16:45 | 579254 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

magic shrimp trick, switcharoo. right, zerØbama ate the shrimp raw, from the bottom of the oil spill floor of the GOM. you shouldn't fear for his health, but for his fate and destiny.

Mon, 09/13/2010 - 13:48 | 578772 redpill
redpill's picture

Out of sight, out of mind.  God bless Corexit.

Mon, 09/13/2010 - 15:12 | 579002 Dirtt
Dirtt's picture

Bite your tongue.  Bless Corexit?

I'm all for satire but the Gulf Of Mexico is worse than sewage.  We are way beyond laughing matters.

Mon, 09/13/2010 - 16:10 | 579136 redpill
redpill's picture

 

Au contraire, the most sinister aspects of the worst sculptures are most clearly visible when exposed with the sharp chisel of dark satire.  We need it now more than ever.

 

Mon, 09/13/2010 - 16:07 | 579162 Battleaxe
Battleaxe's picture

Is the name Corexit supposed to be derived from "Corrects It" or "Core Exit"?

Probably the latter, because once consumed it makes your bowels drop out of your a**hole!

Mon, 09/13/2010 - 16:47 | 579259 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

G R O S S

death by bowel droppage.

Mon, 09/13/2010 - 21:36 | 579746 thesapein
thesapein's picture

My Latin isn't the best, but:

cor = heart

exit = death

Some of us were warned.

Mon, 09/13/2010 - 13:49 | 578776 LoneStarHog
LoneStarHog's picture

The only thing that went POOF! is Matt Simmons.

Mon, 09/13/2010 - 13:50 | 578778 spoutinghorn
spoutinghorn's picture

Isn't unrefined crude a natural substance?  Doesn't crude oil naturally "leak" from the ocean floor?

Mon, 09/13/2010 - 14:01 | 578811 merehuman
merehuman's picture

Gee, doesnt oil just naturally float on top!?

Mon, 09/13/2010 - 14:25 | 578877 Cognitive Dissonance
Cognitive Dissonance's picture

Nice to see you around MH.

That's what the BP shills constantly told us as they bemoaned our stupidity and illogical reasoning skills. Not to mention all the conspiracies we endlessly discussed, like plumes of oil in the GOM and the sea bottom covered in oil.

Personally I would like to water board a few of them with Quaker State 5W-30 to see if they can also eat it like all those microbes they talked so much about.

Mon, 09/13/2010 - 15:13 | 579005 Dirtt
Dirtt's picture

If we aren't going to chop their heads off then perhaps castration is the perfect consolation.

Mon, 09/13/2010 - 16:23 | 579202 goldfish1
goldfish1's picture

Is "chopping off the heads of their offspring" too much dark satire?

Mon, 09/13/2010 - 21:25 | 579730 defender
defender's picture

The reason that the oil sinks is that the lighter compounds are more mobile and water soluble.  As the light compounds mix with the cor-exit (which is covering the outside of the blob) little droplets come off and dissolve/float to the surface.  As more light compounds leave the oil mass, the density increases until the whole thing sinks to the bottom.  The large amount of sand that was in the oil when it came up just speeds the whole process up.

I can't imagine that this wasn't anticipated.  The entire underwater mass that was floating towards Florida is most likely no longer floating.

Mon, 09/13/2010 - 14:05 | 578822 thesapein
thesapein's picture

You didn't read the ABC article. Go read it, then come back, and maybe say something nonsensical. 

Mon, 09/13/2010 - 14:14 | 578847 Joe Sichs Pach
Joe Sichs Pach's picture

When I was in NO (pre-Katrina) everything down there seemed to be immersed in petroleum.  From the smell in the air to the feel of the water it felt like oil was everywhere.  Sure, it's a massive over-simplification, but from what I saw the entire area just oozes oil. 

 

I may not have the expertise of Dr. 'Mandy' on this (http://www.marsci.uga.edu/directory/mjoye.htm) but like CAPTCHA says:

Professor + Oil (typically) = Agenda

 

I don't question for a minute that the oil isn't still out there (where the hell else would it go?) but the place has been leaking oil for a lot longer than we've all been here.  Un-natural seepage or not, my guess is the world will go on....for now.

Mon, 09/13/2010 - 14:45 | 578935 thesapein
thesapein's picture

Ah, the old omnipresent musk of New Orleans... I remember, too. But that was from being at the mouth of the Mississippi, not your 6th sense or hallucinations of a entire city covered in oil.

I would caution against ignoring scientists simply because they work at universities. Private scientists may be better in some ways, but you're handicapping yourself if you ignore any one else with a differing agenda and morality.

Mon, 09/13/2010 - 15:04 | 578987 Eureka Springs
Eureka Springs's picture

 

I went down to NOLA a couple of weeks into it.. stayed with the president of the United Commercial Fisherman, spoke with many fisherman who were out there every day, and we scoured hundreds of miles as close to the shore as possible. To compare the state of ooze and fumes before the spill to what happened during is beyond absurd. As alarming as the toxins in the air and the instant sickness it caused (dispersants or fumes from the volcano itself, or both, I couldn't say) were, the overwhelming show of force from military to every conceivable branch of police, guard, Barney Fife from multiple states and game and fish set up to protect BP and Haliburton was astonishingly fascist.

The very fact we know so little and that anyone could claim what the President claimed ( I don't see it so it's not there) proves what readers here know about the state of both our government and media today.

 

Just like the banksters there should be scores of top of oil men lined up in orange jumpsuits and even more so the government officials who help cover this all up. Cynical as I am I am still amazed at how well this all went for the three - media, gov., corporations.

 

Mon, 09/13/2010 - 15:17 | 579013 ZackAttack
ZackAttack's picture

That place is like a steambath in a sewer 8 months out of the year. The smell of petroleum was likely to be an improvement.  

Mon, 09/13/2010 - 15:17 | 579016 Dirtt
Dirtt's picture

No shit.  If the world were going to stop - moron - don't you think we'd know by now?

Professor + Oil = Agenda?  Yeah. Especially the ones who take money from BP

Scientists + Empirical data = Evidence

Not every human being is a sell out like you.

Mon, 09/13/2010 - 13:50 | 578780 RobotTrader
RobotTrader's picture

More proof that "Peak Oil" is a myth.

Sheesh, its gushing out of control, that one reservoir alone had so much pressure that it took months to cap it.

Now we have huge blobs of it floating underwater in the GOM.

Who knows how many more gushers are out there waiting to be tapped.

Mon, 09/13/2010 - 14:06 | 578830 Internet Tough Guy
Internet Tough Guy's picture

And if a water pipe in your house bursts it's prove that you live on a lake. Silliest arugument4eva. 

Mon, 09/13/2010 - 14:18 | 578857 Shameful
Shameful's picture

 How did all those dead dinosaurs get down under the gulf anyway?  Seems like there must have been a lot of them to make all this oil...

Mon, 09/13/2010 - 18:16 | 579432 Jerome Lester H...
Jerome Lester Horwitz's picture

Better yet, how did all those dinosaurs travel to other planets. Isn't it odd that hydrocarbons are created naturally on other planets and celestial bodies but here on Earth they are created by dead dinosaurs?

http://www.universetoday.com/12800/titan-has-hundreds-of-times-more-liquid-hydrocarbons-than-earth/

http://www.semp.us/publications/biot_reader.php?BiotID=182

Mon, 09/13/2010 - 20:35 | 579653 MichaelG
MichaelG's picture

Those are only very simple ones like methane (1 carbon atom, 4 hydrogens) or ethane (2 C, 6 H), rather than crazy long-chained and/or ringed molecules like you get in crude on Earth. So basically the dinosaurs synthesised the more complex ones in early undersea laboratories before leaving in giant spaceships about 4,000 yrs ago.

Mon, 09/13/2010 - 14:15 | 578849 BorisTheBlade
BorisTheBlade's picture

More proof that "Peak Oil" is a myth.

Struggling to understand the logic, if anything the Gulf Oil disaster is a perfect reinforcement of Peak Oil theory - easily accessible oilfields are drying out and oil companies have to drill underwater in very complex geologic conditions with much higher risks and exploration costs. On top of that, you have a collateral damage in the form destroyed sea life, which is not only a concern for environmentalists, but for all those working in the coastal areas.

All in all, oil is becoming more and more expensive and market price of the barrel of it is just a fraction of the real cost.

Mon, 09/13/2010 - 14:30 | 578893 RecoveringDebtJunkie
RecoveringDebtJunkie's picture

And let's not forget the fact that the entire Macando resoirvoir would satisfy global oil consumption for a whole 12 hours!

Mon, 09/13/2010 - 14:26 | 578879 Zero Debt
Zero Debt's picture

yeah...peak oil "bottomed" out finally...

Mon, 09/13/2010 - 14:27 | 578885 Cognitive Dissonance
Cognitive Dissonance's picture

It's official. RobotTrader has been kidnapped and his/her ZH ID hijacked.

Mon, 09/13/2010 - 14:57 | 578966 BorisTheBlade
BorisTheBlade's picture

It's too bad, I'll miss those graphs and girls he used to post. I don't know what more of the two: http://www.zerohedge.com/article/green-shooting-girls-who-are-less-bad

Mon, 09/13/2010 - 16:57 | 579275 kathy.chamberli...
kathy.chamberlin@gmail.com's picture
by Cheeky Bastard
on Fri, 08/07/2009 - 18:42
#29927

 

not true, look more closely. i have cursed, insulted people, been a bigot and wrote in a foreign language and all my posts are still there ... check again ...

 

graphs, girls and cheeky.

Mon, 09/13/2010 - 18:21 | 579439 BorisTheBlade
BorisTheBlade's picture

yes, Cheeky, probably the best thing that happenned to zh.

Tue, 09/14/2010 - 09:22 | 580345 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

past tense. i want him p r e s e n t tense.

B nice, anyway.

Mon, 09/13/2010 - 14:58 | 578972 RoRoTrader
RoRoTrader's picture

No worry CD, she is all tied up.......I have a pair of scissors and am about to cut the bra straps........too bad I cannot share with you, but this is all mine. HaHa!

Mon, 09/13/2010 - 14:30 | 578894 thesapein
thesapein's picture

I'm not sure I understand what peak oil means. Doesn't it have more to do with the pacing of producers vs consumers and less to do with what's known to exist. The process of finding and extracting oil is taking longer, these days, than the rate at which it is used, right?

And why are we always talking about peak oil and not peak other things, like gold?

Mon, 09/13/2010 - 14:41 | 578928 Cognitive Dissonance
Cognitive Dissonance's picture

Regarding Gold, of all the Gold mined and refined each year, very little is actually "consumed" but is instead hoarded. And much of what is "consumed" is recycled.

It's been estimated that over 90% of all the Gold mined since man starting playing with shinny objects still exists today in the form of jewerly, bullion, coins etc. Can't say the same thing about oil and other commodities that are produced to be "consumed".

Mon, 09/13/2010 - 14:56 | 578967 thesapein
thesapein's picture

Great! We'll never run out of gold!

There's more than enough for everybody?

Mon, 09/13/2010 - 15:15 | 579009 Cognitive Dissonance
Cognitive Dissonance's picture

Didn't say that. All I said was that it isn't "consumed" in the same manner as oil or food. The world's economic system depends upon oil at "reasonable" prices. The world doesn't require Gold to conduct business..........at least not yet.

I've been studying the history of Gold from non traditional sources. Man's attraction to Gold goes back 10's of thousands of years, not the five thousand (back to Egypt) we are taught. There are some interesting theories about Gold being quite abundant deeper down in the earth.

Mon, 09/13/2010 - 17:15 | 579313 thesapein
thesapein's picture

Okay, but that kind of goes without having to say it, for me.

About our ancient history, the Egyptians, Greeks, etc., were post-civilizations that sprang up after rising sea levels and floods wreaked havoc on the greater civilizations that came before. The story is told to us, over and over again, from ancient writings, and now we have geological evidence, underwater "dig" sites, an understanding of ice ages, and, well, a lot of things are coming together to reveal stuff like that the Sphinx's head was originally the same as the leo body and built over 10 thousands years ago.

What's that about more gold below? That one is new to me.

Mon, 09/13/2010 - 19:52 | 579590 tip e. canoe
tip e. canoe's picture

you referring to the Abzu?  if so, that's quite a deep wormhole you jumped into, especially when you consider it's the same area where the homo sapiens evolved.

Mon, 09/13/2010 - 15:16 | 579010 redpill
redpill's picture

In short, yes.  If it is primarily used for ornamental items or a store of wealth, you don't need to have an ever-increasing rate of new supply because you can keep using the same gold.  Even if the face of a rising population, it just means the gold itself becomes more valuable, making it even less likely to be consumed for an industrial or consumable purpose.

That's the primary difference between gold and oil.  Oil is consumed almost immediately, and for a vast array of products.  Once the speed of the consumption conveyor gets going faster than the production conveyor, a demand/supply imbalance can occur very quickly causing rapid price volatility.  We've gotten a bit of a relief since the days of $150 barrel oil because the global economy collapsed and demand went down.  But it's only a matter of time before we re-test the oil price ceiling; it's inevitable.

I think people get confused about Peak Oil and what the more immediate ramifications are.  It's not a matter of the "world running out of oil" that should be on anyone's mind.  There are vast amounts of oil under the ocean and elsewhere that have not yet been discovered.  The problem is that it takes an INCREASING AMOUNT of time and money to get to the new deposits.  This means it is likely the trajectory of oil production has already peaked globally sometime in the last couple of years.  We haven't realized the ramifications of that yet, because global economies have been so weak.  

As western civilization declines and reorganizes, and emerging economies become the dominant source of economic growth, there will be a new struggle for resources, primarily oil.  The process of finding replacements for many of the oil-based products and fuels we buy is going to be a long one, and essentially it hasn't really begun in earnest.  Which means there is going to be a tumultuous period of oil scarcity that will push up prices and create all kinds of problems for various economies. 

The US is in a particularly bad situation, because we are not likely to see very robust growth here any time soon, and yet we will see oil prices rise just the same because there WILL be vigorous growth in other parts of the world that do not have the same demographic challenges, unfunded and unsustainable social program liabilities, and structural sovereign, state, local, and private debt problems we do.

Mon, 09/13/2010 - 15:34 | 579051 -273
-273's picture

Well explained regarding the oil/economic situation. As I guess you know, the Hirsch report outlines what you wrote in more detail. Cheney's energy task force report which is still confidential despite many attempts to free it probably painted an even bleaker picture.

http://en.wikipedia.org/wiki/Hirsch_report

Mon, 09/13/2010 - 17:55 | 579390 Ned Zeppelin
Ned Zeppelin's picture

I actually have a fragment of the transcript of the Cheney Energy Task Force proceeding, but it's only the very end - still, it paints a tantalizing picture:

<inaudible>

"OK, then, it's unanimous - we invade Iraq. Now where's a motion to adjourn to the Tombs for a frosty one?"

"So moved."

"Second."

"All in favor?"

(in unison) "aye"

"Get me the <inaudible> out of here."

 

 

Mon, 09/13/2010 - 17:35 | 579353 thesapein
thesapein's picture

That sounds like the long version of what I was saying on oil, so agreed.

However, about gold, the actual situation is just too obvious for people to notice. If you think about it, peak gold already came and went. This is why it is "horded." Otherwise, it would be trading with silver as an industrial metal and also not be recycled. We'd be seeing it used in electronics, building materials, decor, and less use of the inferior metals. After peak silver is fully realized, silver will also be "horded" and kept on reserve during this production cycle.

Anyone else see big oil reserves as an ominous sign of hording?

Mon, 09/13/2010 - 20:55 | 579675 tip e. canoe
tip e. canoe's picture

"making it even less likely to be consumed for an industrial or consumable purpose."

that is unless the boys of brookhaven have stumbled upon "something wonderful"

http://opa.yale.edu/news/article.aspx?id=7358

 

Tue, 09/14/2010 - 09:29 | 580372 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

more studies to find out, we aren't in control of the universe. carry on, chaps

Tue, 09/14/2010 - 12:15 | 580870 tip e. canoe
tip e. canoe's picture

true dat, but study above may help explain WHY gold has held such an allure across human societies throughout recorded HIStory.

Tue, 09/14/2010 - 14:04 | 581234 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

HERstory

 

When the gold nuclei, traveling at 99.999% of the speed of light, smashed together, the plasma that resulted was so energetic that a tiny cube of it with sides measuring about a quarter of the width of a human hair would contain enough energy to power the entire United States for a year.

powerful stuff

Tue, 09/14/2010 - 16:20 | 581602 tip e. canoe
tip e. canoe's picture

well HIStory was intentional in this case.  question is, what was before HIStory?   and does gold have something to do with the transition into HIStory? 

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