Guest Post: Obama Administration Knew About Deepwater Horizon 35,000 Feet Well Bore, Green-Lighted And Fast-Tracked Project

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Tue, 06/22/2010 - 16:16 | 427573 IBelieveInMagic
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Second dat!

Tue, 06/22/2010 - 16:22 | 427593 Hephasteus
Hephasteus's picture

Hi facilitator IBelieveInMagic.

Fucker off.

Tue, 06/22/2010 - 16:17 | 427578 Cursive
Cursive's picture

First, I didn't junk you.  Second, please tell me who you think has the most credibility to report on these matters.  I really want to know your thoughts.

Tue, 06/22/2010 - 16:42 | 427661 Jeff Lebowski
Jeff Lebowski's picture

First, I did junk Xpat's post, but I did it for you.  Then I junked yours, because I felt that you had made it necessary for me to junk it. 

And now, I will answer your question.

Huffington Post.

Tue, 06/22/2010 - 20:36 | 428187 Jeff Lebowski
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Note to self:  Remember to indicate sarcasm, regardless of how obvious.

Tue, 06/22/2010 - 16:22 | 427592 Hephasteus
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I'm so glad you are part of this zero hedge community as long as that part involves coming and telling us what is credible and not credible.

So you can just fucker off back to where you came from.

Tue, 06/22/2010 - 17:04 | 427717 vs18
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What you don't seem to understand is that ZeroHedge is an expensive operation... Tyler and Co. have at minimum a Bloomberg and Reuters terminals, plus I assume your typical 6 screen day trader setup ..... THAT IS NOT CHEAP. On top of that, server space for a site like this that attracts thousands of people a day, that bandwidth is also not cheap.

As a result, Tyler and Co. have to, from time to time, post traffic-friendly articles like this one, giving them their much needed ad revenue to pay for all of the above. It's a necessary evil, these kinds of articles, for all the rest of the fantastic work the ZH staff do for us (for free too!).

 

You're talking about credibility? What about the business channels, who put up ridiculous informercials of scam artist real estate agents who can promise you the world, or Viagra ads at 2.30 in the afternoon?

 

You try running a website like this and then get back to us about credibility. Necessary evil, take it or leave it.

Tue, 06/22/2010 - 17:15 | 427740 Augustus
Augustus's picture

The only reason for continuing to present the obviously impossible BS is to try to manipulate the BP price down.  I really had not suspected that this web site would engage in that. 

Maybe it is simply a method of attracting the video gamers who just know that everything ends in a BOOM.  In that case the BS must be true and this monster well is going to swallow the entire GOM. 

If the well had been safely completed it would probably be about two years before it was delivering the oil anyway.

 

Tue, 06/22/2010 - 17:23 | 427762 CEOoftheSOFA
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Xpat is correct.  This article is fiction.  No way this well was drilled to 35,000 ft.  It's obvious the person writing this article doesn't know anything about the oil patch.  Oil isn't located "In caverns the size of Mount Everest".  This is total crap.  You can't even estimate reserves until delineation wells are drilled.  And why would this oil, and not oil from another field be used in the event the Straits of Hormuz are blocked?  I just came from the Straits of Hormuz and if anyone blocks it , it will be US Navy ships bumping into each other.  ZH needs to be getting their oil articles from more responsible sources, including the crap that George Washington has been posting.

Tue, 06/22/2010 - 17:43 | 427822 DocLogo
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CEO of the sofa or the Sofa King? Because you, sir, are Sofa King right!

Tue, 06/22/2010 - 19:10 | 428004 UGrev
UGrev's picture

I can't verify the details of this article, however, MMS DID know about problems with the blowout preventer: 

http://www.csmonitor.com/USA/2010/0617/Studies-suggest-MMS-knew-blowout-preventers-had-critical-flaws/(page)/3

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/06/bp_says_mms_never_enforced_blo.html

...and they did nothing. 

 

Tue, 06/22/2010 - 17:32 | 427789 seventree
seventree's picture

This report is obviously bogus because it would take much longer to get a rig online and producing after the well was finished than it's likely to be before a conflict with Iran ignites.

Even shallow water wells take years to build and get up to full production. And no matter how big a deposit this is, it is hard to imagine building enough extraction capability to supply "America's oil needs for up to eight months." I'm no oil expert but that sounds like a pretty big project. 

Tue, 06/22/2010 - 16:15 | 427570 Cursive
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BP still has an ongoing operation to drill down to 40,000 feet below sea level at the Liberty field off the north coast of Alaska.

I would love to see this permit along with the Horizon permits.  Won't hold my breath for the MSM to do some "work".

Tue, 06/22/2010 - 16:21 | 427590 Caviar Emptor
Caviar Emptor's picture

I smell conspiracy. If one the Boyz runs it by the Prez, they could be drilling under China....the long way round. 

Tue, 06/22/2010 - 17:19 | 427749 hangemhigh
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Cursive:

 i've posted here (ZH) a couple of times regarding the permit for the macondo well.  

the article,  that i read once when all of this started and have never been able to find again, said that the permit was for 18K feet and that the well had been drilled to 25K ft.

we are now told, by a source that may or may not be reliable, that the drill depth was actually 35K ft.

who knows where to find a copy of the original BP Macondo drilling permit???

Tue, 06/22/2010 - 22:41 | 428388 Cursive
Cursive's picture

@hangemhigh

Thx.  Maybe the truth fairy will visit us one day.  We'll probably have ZZ Top lenght beards by then.....

Tue, 06/22/2010 - 16:15 | 427571 AR15AU
AR15AU's picture

So does this mean that the well was indeed sabotaged?

Wed, 06/23/2010 - 12:43 | 429149 carbonmutant
carbonmutant's picture

Hmmm....

Tue, 06/22/2010 - 16:18 | 427581 Caviar Emptor
Caviar Emptor's picture

Actually, when we said 35,00 feet? We meant 135, 000 feet. One of our junior engineers, you understand. We took away his parking space. Oh and there's lava mixed in with the oil.

Tue, 06/22/2010 - 16:30 | 427612 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Skinny-finger error?

Tue, 06/22/2010 - 17:16 | 427745 Spastica Rex
Spastica Rex's picture

stinky-finger

Tue, 06/22/2010 - 16:50 | 427678 Mad Max
Mad Max's picture

:)

As credible as the main story!

Oh, except that it's magma, not lava.  Dr. Evil will lecture you on the distinction.

Tue, 06/22/2010 - 16:19 | 427583 jkruffin
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Wonder what Iran is going to say about this?

Tue, 06/22/2010 - 16:30 | 427609 Hephasteus
Hephasteus's picture

Take your time and do the drill right if it's going to be part of a larger plan?

Or I'm so glad you are also incompetent as it mitigates your destructive potential towards us.

Or How's that workin out for ya?

Gee I don't know there's so many soul crushing digs you could mine from this.

Tue, 06/22/2010 - 16:37 | 427642 CD
CD's picture

Nelson Muntz has the answer:

http://www.youtube.com/watch?v=TX3UqY8KZpU

Tue, 06/22/2010 - 16:57 | 427703 DosZap
DosZap's picture

jk,

Nuttin, they are too busy trying to start a War w/Izzy.

The little Nazi is sending a BLOCKADE BUSTER SHIP along w/ the Palestinian Convoy............yep, Ole' Ben Yamin, will sur like dat.

Tue, 06/22/2010 - 16:20 | 427584 VogonPoet
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its not that i dont doubt it, but there's absolutely nothing sourced in this. the requirement to post such a story really should be that its backed by more than toothpaste.

Tue, 06/22/2010 - 16:23 | 427597 jkruffin
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When has Tyler and his crew been wrong??  I haven't seen them wrong yet since I have been a member.  I think they are more credible than the AP or any other government source.

Tue, 06/22/2010 - 16:40 | 427651 CD
CD's picture

More credible: yes. Always right: no. Don't drink ANY Kool-Aid, no matter the flavor. Getting to the truth sometimes means exploring the outlandish, the ill-founded, the explicitly false and the subtly subversive lies as well. It's presented as part of the intellectual smorgasbord, partly so that reasoned argument can be made against it.

Tue, 06/22/2010 - 16:45 | 427671 tip e. canoe
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amen

Tue, 06/22/2010 - 16:41 | 427654 chumbawamba
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Do not pray to idols and false prophets.

I am Chumbawamba.

Tue, 06/22/2010 - 16:46 | 427669 tip e. canoe
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and amen

Tue, 06/22/2010 - 17:01 | 427709 MsCreant
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Look at CD and Chumba's time posts 14:40, 14:41. Great minds do think alike. And ZH does not want Sycophants, it's like incest, bad for the idea pool. 

Tue, 06/22/2010 - 17:30 | 427778 Hephasteus
Hephasteus's picture

What is so strange about this story is if you look at how it fits with other things. Haliburton and goldman sachs both junked this well wtih shorts and buying up shares in the corexit. So if this was a working plan. It's like a double reverse screw over to increase tensions. OR this plan came out to foreign sources and well got intentionally popped to cover up the plan which makes more sense to me. Mitigating losses is something goldman and haliburton would try to do when scrapping a plan such as this.

Or as people have noted. People in power are just doing stuff right and left to make such a mass of confusion as a way to cover up doing what they wanted to do in the first place in an untraceable way and trying to pass it off as a reasonable reaction to circumstances.

Tue, 06/22/2010 - 16:54 | 427694 SwapThis
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spot on as usual chumba

Tue, 06/22/2010 - 17:23 | 427760 hangemhigh
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chumba:

do not pray to american idols and false profits.

you are chumbawamba and i'm knot..........

Tue, 06/22/2010 - 22:51 | 428412 thesapein
thesapein's picture

It's standard Wayne Madison fair. He tends to rely on his secret sources a lot, so it comes down to whether you believe the reporter, I guess. I listen to Wayne, but I don't always believe what he believes.

Tue, 06/22/2010 - 16:23 | 427595 aaronb17
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So the story is that "[the] Obama [administration] knew" about the Deepwater Horizon well bore? 

Good, I'm glad he (or his administration) knew about the well bore.   I'd be really disturbed if a five-mile-deep oil well blew up and it turned out the current administration DIDN'T know about this well.

Tue, 06/22/2010 - 16:53 | 427688 JLee2027
JLee2027's picture

So you don't see the problem of Obama yelling "Bad BP", when Obama was the one who said "Do it"?

Got it.

Tue, 06/22/2010 - 19:20 | 428019 chistletoe
chistletoe's picture

I was discussing the situation on the bottom with someone

outside the oil industry whose profession is knowing what is there ...

he numbers the well-heads in the water at roughly 10,000 ...

and said, bluntly, "There isn't ANYONE who knows everything that's there ..."

Tue, 06/22/2010 - 16:23 | 427596 Mad Max
Mad Max's picture

This smells highly of tinfoil hat infowars type fiction.

Whatever the amount of oil down there, it is astronomically unlikely that one or a handful of wells could create a production rate sufficient to offset all our imports from the Persian Gulf.

Further, hardly any real oil formations are "caverns the size of Mt. Everest" or frankly caverns even the size of a small hill.  The overwhelming majority of oil formations are permeable solid rock.

I call fiction on this one.

Tue, 06/22/2010 - 16:57 | 427702 tmosley
tmosley's picture

You mean the land wells that haven't been exhausted?  I'm sure there were formations like that on land until they were tapped out.  This well was in about the most inaccessible place in US waters.  It would be understandable if there was an untapped mother lode there.

Tue, 06/22/2010 - 23:05 | 428431 Mad Max
Mad Max's picture

I'm sure there were formations like that on land until they were tapped out.

You're sure, are you?  Are you a geologist?  Do you know anything about petroleum geology?  Please name some examples of such formations.

It's exceedingly rare for there to be any caverns deep in the earth - they tend to fill up with rock layers pushing down on them.

All major oil reservoirs and fields are permeable rock, not caverns.  Ghawar, the king of supergiant fields, is permeable rock.

A well that produces 100,000 barrels/day is an absolutely terrifically productive oil well, but it wouldn't scratch the surface of replacing our imports from the Persian Gulf.  It's like saying uncle bob has a couple acres of corn and can feed our whole army after the midwest gets wiped out.

The whole story suggests that it was authored by someone who doesn't know the science or facts well enough to come up with a convincing fake.

Tue, 06/22/2010 - 17:02 | 427713 Augustus
Augustus's picture

Your assessment is correct.  It is absolute fiction.

My unnamed sources at the Pentagon and the CIA have confirmed this is bogus.

Tue, 06/22/2010 - 17:05 | 427720 MsCreant
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I do not know all there is to know about these things, but if we have strategic reserves and we get into a wartime posture (conserving and what not) it may be possible to bring that and other wells on line, in time, to offset our oil requirements. I don't buy anything any more, but I am not willing to throw it out.

Tue, 06/22/2010 - 23:06 | 428434 Mad Max
Mad Max's picture

Total recoverable oil is one thing, daily production rates are quite another.

This would be a wonderful strategic field if we had to replace 1% (est) of Persian Gulf oil for the next 10-15 years.  Replacing 100% for 6 months, not so much.

Wed, 06/23/2010 - 12:13 | 429041 hedgeless_horseman
hedgeless_horseman's picture

Sadly, too few understand this.

Tue, 06/22/2010 - 16:25 | 427601 buzzsaw99
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That would be all well and good if BP had even the slightest clue wtf they are doing.

Tue, 06/22/2010 - 16:28 | 427607 SilverIsKing
SilverIsKing's picture

So they were drilling in the interest of national security?

Riiiiiight!

Tue, 06/22/2010 - 16:33 | 427615 mynhair
mynhair's picture

Obama lies, people die!

Where's the Robo post & pics?

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