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Possible New Oil Spill 100 By 10 Miles Reported in Gulf Of Mexico (Update: Spill Photos)

Tyler Durden's picture




 

Black Swan Clusterflock +1. As if earthquakes, tsunamis, nuclear meltdowns and war was not enough, the Examiner now discloses that a replay of the BP oil spill could be in the making, sending WTI to the (super)moon, the economy collapsing, and Ben Bernanke starting the printer in advance of QE 666. To wit: "The U.S. Coast Guard is currently investigating reports of a potentially
massive oil sheen about 20 miles away from the site of the Deepwater
Horizon oil rig explosion last April." There are no definitive reports yet, but we should now for sure within hours, if the Keppel FELS built TLP is indeed the culprit: "According to Paul Barnard, operations controller for the USCG in
Louisiana, a helicopter crew has been dispatched to the site of the
Matterhorn SeaStar oil rig, owned by W&T Offshore, Inc." And if preliminary reports are correct, BP will have been the appetizer: "Multiple reports have come in of a sheen nearly 100 miles long and 10 miles wide originating near the site." If confirmed, Obama can kiss tomorrow's Rio golf outing goodbye.

Independent pilots, including John Wathen of the Waterkeeper Alliance, and Bonnie Schumaker with Wings of Care, are currently flying out to investigate the spill. Schumaker reports having seen the sheen on Friday, March 18, and confirms that it is rapidly expanding.
 
A Louisiana fisherman, who has chosen to remain anonymous at this time, also reports fresh oil coming ashore near South Pass, LA, and that cleanup crews are laying new boom near the beach.
 
The site of the sheen, near Mississippi Canyon 243, lies 30 miles from the Louisiana coastline. The Matterhorn field, at a depth of 2,789 feet (850 meters) of water, was discovered in 1999, leased and permitted in July 2001, and came into production in November 2003. It is located 30 miles SE of the mouth of the Mississippi River.
 
According to W&T, the field has produced an average rate of 5,200 barrels of oil per day, and has production capacities of 35,000 barrels of oil per day.

Of course, whether this is due to the Matterhorn SeaStar or a second leak that many predicted last year due to the Deepwater Horizon will also be closely evaluated this time around.

An in depth look at the SeaStar (after the jump):

And the technical specs:

Field Facts  
Location Mississippi Canyon, Block 243
Water Depth: 2,820 ft
Oil throughput: 33,000 bpod
Gas throughput: 55 MMcfd
Water Injection: 20,000 bwpd
# of production wells: 5 spare (sub-sea), 7 + 2 spare (surface)
Production Risers: 10 ¾-in, 9 5/8-in, 9 7/8-in
Export Risers: 18-in SCR (oil), 10-in SCR (gas)
   
SeaStar® TLP Specifications  
Payload (deck/facilities/risers): 8,425 tons
Tendons: 6 32-in
Main column dimensions: 584 ft (dia) x 125 ft (ht)
Pontoon dimensions: 179 ft (r) x 42 ft (ht)
Draft: 104 ft
Deck Dimensions: 140 x 140 ft (3 levels)
   
Schedule Milestones  
Project Sanction: September 2001
Platform Installation: July 2003
First Oil: November 2003

And from GulfOilSpillAction, photos of the latest supposed spill:

Update 2: Dow Jones is on it:

The U.S. Coast Guard said late Saturday that it is investigating reports of a miles-long oil slick in the Gulf of Mexico.
The Coast Guard said in a news release that it received a report of a three-mile-long rainbow sheen off the Louisiana coast at around 9:30 a.m. local time on Saturday. Two subsequent sightings were relayed to the Coast Guard, the last of which reported a sheen that extended from about 6 miles south of Grand Isle, La. to 100 miles offshore.

Though the Coast Guard was able to confirm that there is a substance on the water's surface, it has not yet been able to determine if it is oil. Petty Officer Casey Ranel said that officers who observed the substance from a helicopter said they saw no sheen associated with it. That flight was diverted from the scene on a separate search and rescue mission, however, and could not continue their investigation, the Coast Guard said in the news release.

The Coast Guard has since launched additional aircraft and boats to the scene from New Orleans and Mobile, Ala., to collect samples of the substance. Ranel said the area where the substance has been reported is about 20 miles west of where the Deepwater Horizon rig exploded last April, killing 11 and unleashing the largest offshore oil spill in U.S. history.

Ranel said the Coast Guard has not linked the substance to any particular rig or well.

The Oil Spill Liability Trust Fund, which holds oil royalties to pay for spill clean-up costs, has been opened, the Coast Guard said.

h/t @djoalpha11, @BMCapital

 

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Sun, 03/20/2011 - 04:08 | 1078122 Hacked Economy
Hacked Economy's picture

Good grief, knukles, you have like 4000+ posts or replies on this page alone!  Don't you have anything else to do?  Like mow the lawn or go to work or something?

BTW...Zippy the Pinhead?  Really?  The #1 worst comic strip character of all time?

Sun, 03/20/2011 - 00:20 | 1077720 narnia
narnia's picture

Matt Simmons (RIP) was probably correct.  The video below is from an interview during the spill (before the first top kill).  In summary, the well we were shown was not the real leak.  His other past statements about peak oil were probably correct as well.

http://www.youtube.com/watch?v=cDGAoU1H2gM

 

 

 

 

 

Sun, 03/20/2011 - 00:53 | 1077813 thedrickster
thedrickster's picture

Holy shit, I didn't know Simmons was wacked.....

Sun, 03/20/2011 - 01:50 | 1077974 robertocarlos
robertocarlos's picture

Hot tub accident.

Sun, 03/20/2011 - 02:21 | 1078023 serotonindumptruck
serotonindumptruck's picture

He was "Wellstoned".

Sun, 03/20/2011 - 09:36 | 1078404 samsara
samsara's picture

Yes, indeed.  Wellstoned

Sun, 03/20/2011 - 09:11 | 1078352 RiffRaff
RiffRaff's picture

Arkansas-style assisted suicide

Sun, 03/20/2011 - 09:34 | 1078394 samsara
samsara's picture

Here's how.    Ice dart that mimics a heart attack.

completely documented in a Congressional Hearing.

 http://www.youtube.com/watch?v=Sj3LTYeGF4c

Sun, 03/20/2011 - 13:48 | 1078682 Battleaxe
Battleaxe's picture

This ice dart shit is amazing! I wonder how many times they use this in a given day?

 

See this link:

http://www.wanttoknow.info/a-CIA-shellfish-poison-dart-gun-causes-heart-attack

 

The ice darts are as thin as a human hair, 1/4" long, and can be shot up to 250'. They have ice dart guns that look like canes and umbrellas. And they're almost impossible to detect.

 

Sun, 03/20/2011 - 01:56 | 1077987 reader2010
reader2010's picture

Will they engineer a big earthquake in the gulf to generate a big nasty oily tsunami this time?

Sun, 03/20/2011 - 01:58 | 1077989 Richard Head
Richard Head's picture

I got to meet Matt Simmons a few months before he died, as he was on retainer at my old firm.  The man had some great stories!  RIP...

Sun, 03/20/2011 - 00:20 | 1077723 mt paul
mt paul's picture

oil spill

verses

nuclear melt down

steel death cage match..

only on pay per view...

Sun, 03/20/2011 - 00:22 | 1077726 ziggy59
ziggy59's picture

cripes, just need a disease to start and we have a poker hand full house of FUBAR.

an EQ on west coast or in bahamas wont do anyone any good either

Sun, 03/20/2011 - 02:51 | 1078063 serotonindumptruck
serotonindumptruck's picture

There were germ warfare experiments conducted during the Cold War by both the USA and the USSR. The Soviet scientists apparently achieved some measure of success with their attempts to weaponize Variola major, better known to the world as Smallpox.

The World Health Organization declared Smallpox to be eradicated in 1980, three years after the last known case in Somalia.

A Smallpox pandemic would be devastating. Even vaccinated people born before 1975 would have likely lost their immunity.

Sun, 03/20/2011 - 06:37 | 1078175 Byte Me
Byte Me's picture

Probably saving that to 'justify' QE4. #3 is already looking fully subscribed.

Sun, 03/20/2011 - 07:45 | 1078223 1fortheroad
1fortheroad's picture

Got colloidal silver?

Sun, 03/20/2011 - 10:44 | 1078565 jimijon
jimijon's picture

How about all those strange deaths of scientists, doctors and researches involved in various "germ" warfare, research and tech?

Sun, 03/20/2011 - 00:25 | 1077732 10kby2k
10kby2k's picture

Look at Fridays chart of WTI (the company).  Sold off in last 2 hours. 

Sun, 03/20/2011 - 00:42 | 1077781 Captain Benny
Captain Benny's picture

Seems they knew about it and were intentionally keeping the world in the dark.  They've already had skimmers on site for 24hrs.

Sun, 03/20/2011 - 00:24 | 1077734 Hollywood
Hollywood's picture

Can radioactive crude be refined?

Sun, 03/20/2011 - 01:22 | 1077901 Yen Cross
Yen Cross's picture

All crude is radioactive silly. That is what crude is. Think about it.

Sun, 03/20/2011 - 00:27 | 1077738 Convolved Man
Convolved Man's picture

Still waiting for the forensic analysis report on the salvaged Deepwater Horizon BOP.  What are the odds the cause of the BOP failure has been identified, but we can't handle the truth.

http://budsoffshoreenergy.wordpress.com/2011/03/17/deepwater-horizon-bop...

Sun, 03/20/2011 - 00:31 | 1077744 Larry Darrell
Larry Darrell's picture

Just trying to wrap my head around logical causes for a second leak.  Everyone feel free to chime in.

If I am correct we just began drilling in the Gulf again very recently.

Now, if you have umpteen rigs out there tapping reseviors and ramping up production at the same time, wouldn't this affect the ability to control pressures on the rigs?  Especially if there are multiple rigs hitting the same resevior?

I guess I want to know, if instead of bringing rigs online 1 at a time slowly and monitoring rigs already online and pulling from a resevior as the total system variables fluctuate, would it be fairly easy to lose control somewhere?

 

Sun, 03/20/2011 - 01:03 | 1077840 duckduckMOOSE
duckduckMOOSE's picture

Seismic waves from the earthquake in Japan made the aquifer under my town move up and down more than a foot.  If it made oil under extremely high pressure under the Gulf of Mexico do something similar, that might be very bad.

Sun, 03/20/2011 - 01:13 | 1077870 Larry Darrell
Larry Darrell's picture

Thanks for that input.

And kudos to you and your area for being able to easily monitor your towns aquifer.

I guess with the complete barrage of what I consider to be horrible events, I would just like more of this kind of conversation.  With all of the mis- and dis- info flying around, it's nice to just brainstorm what are the most obvious causes and hash out the most probable.  After all, the obvious explanation is usually the correct one.

Sun, 03/20/2011 - 01:54 | 1077977 TruthInSunshine
TruthInSunshine's picture

I was just thinking about all the earthquakes and seismic activity, but you beat me to it.

Strange days.

Sun, 03/20/2011 - 05:07 | 1078140 i-dog
i-dog's picture

Not just earthquakes, either. Solar mass ejections [a big one just last week] in this particularly active year for sunspot activity, combined with the closest moon in 30 years tugging at the molten core and the oceans, means extraordinary pressures being exerted on Earth's crust to cause all sorts of seismic and volcanic activity. The fractured crust under the Deepwater Horizon is just one candidate for unusual outcomes.

It's certainly way too early to blame AGW, HAARP or saboteurs for this one. :)

Sun, 03/20/2011 - 10:45 | 1078574 jimijon
jimijon's picture

And Jupiter and Saturn in opposition.. a tug of war on the earth... if you will.

Sun, 03/20/2011 - 01:08 | 1077857 avonaltendorf
avonaltendorf's picture

You're not correct. No drilling. Two permits have been issued, only recently. Nothing new drilled. More importantly, each well is producing from a totally different reservoir rock (emphasis on the rock). No big puddle that everybody produces from. No caverns of oil. Rock. Soaked in oil. Small. Hard to find.

Sun, 03/20/2011 - 01:14 | 1077882 Larry Darrell
Larry Darrell's picture

No drilling yet.  Got it.

And only one rig per resevior, or only one company per resevior which may have multiple rigs?

Sun, 03/20/2011 - 01:37 | 1077930 avonaltendorf
avonaltendorf's picture

Well, we're talking about deepwater Gulf of Mexico, so it's usually a big platform with several wells after the initial discovery well, which is done with a drillship or floating rig that is rented for a couple months to prove the existence of a large enough "pay" to justify a development program. $20 or 30 million for a discovery well in deep water. $3 or 4 billion for a production platform and pipelines to bring it to market.

Sun, 03/20/2011 - 01:10 | 1077864 gwar5
gwar5's picture

The fix is in? The recent court decision forcing Obama to allow drilling must have caused him to come up with another leak. Although it is perfectly fine for our US money to be used for drilling jobs that go even deeper in Brazil.

BP gave Obama more money than anyone and, coincidentally, BP was granted enviro short cuts while the MMS, (now called BOE) agency promptly became preoccupied watching porn, snorting coke and crystal meth, accepting lavish gifts, and partying with prostitutes.

Still, never underestimate the power of sheer incompetence when compared to actions of a mere conspiracy. 

Sex, Drugs and...Government Regulators - Politics - The Atlantic Wire

 

Sun, 03/20/2011 - 09:12 | 1078357 rwe2late
rwe2late's picture

GWAR

Report to Huffpost immediately to get your mind right.

Obama has it all under control.

Obama Administration Picks Tokyo Electric To Build U.S. Nuke Plant

 

http://wonkette.com/440692/obama-administration-picks-tokyo-electric-to-build-u-s-nuke-plant

Sun, 03/20/2011 - 00:28 | 1077749 AC_Doctor
AC_Doctor's picture

We are all going to HELL! Fire and brimstone, crude and precious metals through the roof on Monday.  Watch "The Morgue" try to catch this greased pig next week...

AC

Sun, 03/20/2011 - 00:30 | 1077750 slvrizgold
slvrizgold's picture

Matt Simmons.   Makes you wonder if they took him out to shut him up.

Sun, 03/20/2011 - 00:32 | 1077753 ss123
ss123's picture

He did die at a most (in)convenient time.

Sun, 03/20/2011 - 00:35 | 1077766 Cursive
Cursive's picture

@slvrisgold

Matt Simmons.   Makes you wonder if they took him out to shut him up.

Ask Julian Assange what he thinks about the Matt Simmons "suicide."  Better yet, ask Sergei Aleynikov.

Sun, 03/20/2011 - 00:55 | 1077816 alien-IQ
alien-IQ's picture

Lets not forget Deborah Jeane Palfrey aka The DC Madam. Just another case of convenient timing I guess:-(

Sun, 03/20/2011 - 00:53 | 1077810 alien-IQ
alien-IQ's picture

Naaaaahhhh. Lots of people who expose oil industry shinanigens and lies drown while sitting in their jacuzzi. It's perfectly natural and normal.

Nothing to see here. Move along.

Sun, 03/20/2011 - 01:04 | 1077842 knukles
knukles's picture

Yeah, and the first fucking reports couldn't even get whether his still warm corpse was in Texas or Maine.....
Which just for shits and grins are the Bush family states!

Aaaaaaarrrrrrrrraaaaggggggghhhhhhhhhhhhhhh!

Sun, 03/20/2011 - 00:34 | 1077751 squexx
squexx's picture

Another natural disaster, which means the stock market will be close WAY up again this week!

Sun, 03/20/2011 - 01:47 | 1077754 TwoShortPlanks
TwoShortPlanks's picture

I think it's becoming pretty obvious, global economics is now so fragile, that the price of Oil must be kept down at all costs. What is said in Political-Public Forum is one thing however, I suspect what is said in Political-Financial/Commercial Forum is quite the opposite. The supply of cheap Oil is paramount...all other priorities must therefore be rescinded, evnironmental, monetary, peace, you-name-it. Don't expect that type of policy to be made public knowledge, but it can easily be inferred through the obvious lack of culpability we see in anything that's financially/economically sensitive.

This is a survival stance!

http://www.youtube.com/watch?v=L7nEjyoF8uU&feature=related

 

Sun, 03/20/2011 - 00:33 | 1077756 prophet
prophet's picture

Accidents waiting to happen keep hitting all time highs.  Probability of a series of low probability events is increasing.  Been on that theme since early 2008.

Sun, 03/20/2011 - 00:43 | 1077786 JohnG
JohnG's picture

Tail risk is a bitch when it bites.

Sun, 03/20/2011 - 13:37 | 1078966 SilverBaron
SilverBaron's picture

Which happens to coincide with the year we started to go into what the Mayans called the dark rift. (A plane of gravity thrown out by the supermassive black hole at the center of the galaxy)

It takes us twenty years to get through it. 

http://www.youtube.com/watch?v=DNrWrlQIHQk&feature=related 

Sun, 03/20/2011 - 00:32 | 1077758 Cursive
Cursive's picture

Just yesterday, the wife and I finished the last of the gulf shrimp we froze from last season.  I was imagining a world where the Corexit levels would subside and I could happily purchase more gulf shrimp.  Well, I guess that's not gonna happen.  I don't know if it runs nationally, but down here, we are treated to saccharine radio spots sponsored by BP wherein a Louisiana local, such as a shrimper, talk about how good BP was to them.  Just a reminder that there are always sellouts and people who can be bought.

Sun, 03/20/2011 - 10:36 | 1078541 -Michelle-
-Michelle-'s picture

We get those over in Florida, too.  Last one I heard was about a bed and breakfast owner whose bookings were all canceled after the spill.  "BP made it right."  Then he invites the rest of the country down to his inn.

Sun, 03/20/2011 - 12:49 | 1078973 Ruffcut
Ruffcut's picture

Some have to sell out because they still like to eat. DOH!

Sun, 03/20/2011 - 00:33 | 1077761 Agent P
Agent P's picture

Somebody get a fire hose on that thing stat!

Sun, 03/20/2011 - 00:36 | 1077767 bob_dabolina
bob_dabolina's picture

The flow of information is incredible.

Hard to process

God Bless ZH.

Sun, 03/20/2011 - 02:09 | 1078006 LudwigVon
LudwigVon's picture

Welcome to fight club. The realest news outpost period. 

TD does an excellent job. Very little sleep, it is much appreciated. 

Sun, 03/20/2011 - 02:30 | 1078039 AVP
AVP's picture

You may have missed this article...

http://nymag.com/guides/money/2009/59457/

There are many tylers and yes they all do a great service to the universe...

Sun, 03/20/2011 - 14:13 | 1079183 Natasha Fatale
Natasha Fatale's picture

In Tyler we Trust.

Sun, 03/20/2011 - 00:41 | 1077773 plocequ1
plocequ1's picture

Its official. We are in a precarious position. At this point we must look to GOD. Drink his blood, Eat his flesh.

Sun, 03/20/2011 - 00:40 | 1077774 ss123
ss123's picture

 

Probably just an algae bloom.

 

Sun, 03/20/2011 - 00:42 | 1077789 TruthInSunshine
TruthInSunshine's picture

aka 'Green Shoots.'

-- h/t The Bernank

Sun, 03/20/2011 - 01:20 | 1077852 knukles
knukles's picture

++++++++++++++++++++++
Now that is funny

Cynical, but really funny

Sun, 03/20/2011 - 00:59 | 1077820 Convolved Man
Convolved Man's picture

It may be, but to be safe it should be smacked with Corexit because it's just asking to be dispersed -- way too scary as a big amorphous patch floating about in the GOM.

Sun, 03/20/2011 - 01:01 | 1077833 ss123
ss123's picture

Is it maybe the second coming of The Swamp Thing?

Sun, 03/20/2011 - 01:14 | 1077879 Convolved Man
Convolved Man's picture

 

I was thinking more along the line of The Blob - Resurrection (in 3D ItsAliveVision).

Sun, 03/20/2011 - 00:42 | 1077783 myTPisUSD
myTPisUSD's picture

This is clearly bullish for equities

Sun, 03/20/2011 - 03:56 | 1078107 onarga74
onarga74's picture

We need handle for the inverse of a Black Swan...White Soaring Buzzard?

Sun, 03/20/2011 - 00:42 | 1077784 TruthInSunshine
TruthInSunshine's picture

Reporter:            

"Sir, how is it possible to cool the rods that weren't even active in reactors 5 and 6 when the earthquake and tsunami hit, by plugging electrical connections into their devastated cooling systems? And why are the temperatures reported to be rising again tonight?"

TEPCO President:   

"Well, you have to understand that...oh look! There's war in Libya and a new massive oil leak in the Gulf of Mexico!"

Sun, 03/20/2011 - 00:41 | 1077787 Caviar Emptor
Caviar Emptor's picture

Wait this is bullish....it has to be....oh yeah because keeping people off the beaches means they go to the mall ! And now we can frack the entire Western USA with no inhibitions ! 

We're at a point where you can convince the lemmings that even if everyone dies  it's really not the end of the world, actually 

Sun, 03/20/2011 - 00:52 | 1077812 JohnG
JohnG's picture

Cynical much?

Me too.  Moreso every day.

Sun, 03/20/2011 - 00:56 | 1077822 Caviar Emptor
Caviar Emptor's picture

Gotta be. It's survival

Sun, 03/20/2011 - 01:55 | 1077985 TruthInSunshine
TruthInSunshine's picture

Caviar Emptor,

Larry Kudlow, who was overjoyed that he thought only humans died miserable deaths, and that economic damage might me lesser in Japan (wrongfully, but I digress), will weep - he will weep, I tell you, if this is a new and/or sustained leak causing economic losses of significance.

Sun, 03/20/2011 - 00:48 | 1077800 Elmer T Pudd
Elmer T Pudd's picture

This is the Cheney/BP Ponerologists in action/velocity....

 

http://www.youtube.com/watch?v=qa3X4paPCGo

Sun, 03/20/2011 - 00:56 | 1077817 Caviar Emptor
Caviar Emptor's picture

AP Reporting radioactive gas to be vented at Fuk_u_shima to relieve pressure. 

Wow

Sun, 03/20/2011 - 01:01 | 1077836 alien-IQ
alien-IQ's picture

This shit is so non-stop that I now find myself giggling...I have no choice.

Officials: Pressure rises again in Japan reactor By ERIC TALMADGE and MARI YAMAGUCHI, Associated Press Eric Talmadge And Mari Yamaguchi, Associated Press – 24 mins ago TOKYO – Japan's nuclear safety agency says pressure is again rising in one of reactors at the country's tsunami-damaged nuclear complex — a setback that means operators will have to vent more radioactive gas into the environment.

Safety agency official Hidehiko Nishiyama said Sunday that efforts to put water in the Unit 3 reactor at the Fukushima Dai-ichi complex might not have been working. He says the plant operator will release some radioactive gas from the reactor into the environment and that this may slow work on restoring power and cooling systems to the unit.

Nishiyama says that means radiation levels around the plant will rise again.

http://news.yahoo.com/s/ap/ap_on_bi_ge/as_japan_earthquake

Sun, 03/20/2011 - 01:11 | 1077861 Caviar Emptor
Caviar Emptor's picture

It's why we needed Operation Odyssey Dawn (aka Operation Stephanie Cupcakes) to keep 'em distracted

Sun, 03/20/2011 - 01:26 | 1077907 knukles
knukles's picture

Stephanie Cupcakes.....  LOL

Sorta conjures up images of Mouseketeer Porn on Nicktoons

Just for some late nite shits and giggles

http://www.youtube.com/watch?v=-LCsiWL6gn0&NR=1

Sun, 03/20/2011 - 01:29 | 1077920 Caviar Emptor
Caviar Emptor's picture

Military needs to shed the stuffy image and start using stripper names  

Sun, 03/20/2011 - 09:35 | 1078400 yabyum
yabyum's picture

Great pole dancer names for sure.

Sun, 03/20/2011 - 02:55 | 1078032 10kby2k
10kby2k's picture

If a meltdown becomes probable and a solid game plan isn't put in place.....maybe China will do a tactical strike on the plant when the winds are blowing east. Ok , thats paranoia, but it seems nothing is off the table recently.  Junk me : )

 

Sun, 03/20/2011 - 01:09 | 1077855 knukles
knukles's picture

(sp) Fuckushitme

Sun, 03/20/2011 - 01:10 | 1077863 knukles
knukles's picture

Which I think is supposed to have a question mark after it;

Fuckushitme?

Sun, 03/20/2011 - 01:11 | 1077867 knukles
knukles's picture

Which is right next to the small traditional fishing village of

Yougottabefuckinshittinme

Sun, 03/20/2011 - 01:14 | 1077875 knukles
knukles's picture

Which is often confused with the place o is golfing tomorrow; Wheredafuckishenow, Brazil.

Sun, 03/20/2011 - 01:40 | 1077884 Caviar Emptor
Caviar Emptor's picture

Next to sheee_man_fuku_u_mama

Sun, 03/20/2011 - 00:57 | 1077823 prophet
prophet's picture

There were a series of reports out in February from scientists who had catalogued how much oil was laying on the bottom of the Gulf and there was a report today that 30 minutes after the Japan quake the South Florida water district picked up abnormal water movement sensor readings so maybe this is just some of the oil from the sea floor coming topside.  Race to the Top and all that.

Sun, 03/20/2011 - 12:56 | 1078986 Ruffcut
Ruffcut's picture

Maybe, the supermoon, pulled up some of that sunk oil?

These BP assholes should of been skimming instead of sinking this mush mess.

It would of been a boom industry, mostly of great retirement benefits, for which many would never collect.

Sun, 03/20/2011 - 00:56 | 1077824 ShankyS
ShankyS's picture

Cue Washington's Blog

Sun, 03/20/2011 - 01:02 | 1077835 ArkOmen1
ArkOmen1's picture

Out of these troubling times, we have before us the opportunity to forge for ourselves and for future generations, a new world order, a world in which a credible United Nations can rule by the laws of justice, not by the law of the jungle... When we are successful, and we will be.... We have a real chance at this new world order...

Sun, 03/20/2011 - 01:46 | 1077963 narnia
narnia's picture
you cannot be serious.  UN?  i venture to say we don't have a single competent government among the 1,000s of city, county, state & federal governments in the US.  you think the world can be administered from one global government?   the USA is not going anywhere.  we'll have a pretty massive wealth reset, but no way on earth the well armed people of this country are going to submit to any other flag. if anything, we'll withdraw more from the world and its worthless, progressive interventionist, ridiculous global entities.
Sun, 03/20/2011 - 10:49 | 1078596 -Michelle-
-Michelle-'s picture

He's quoting from G.H.W. Bush's speech at the opening of Desert Storm.

Sun, 03/20/2011 - 04:29 | 1078040 New World Chaos
New World Chaos's picture

Hope that was sarc. 

Classic problem-reaction-solution.  Funny how the timing is always so convenient, and how the solution always involves greater state power.  If we get the NWO, the elites will use the law to prey on us in the name of our own good, which will lead to world North Korea, followed by simultaneous total collapse, followed by the Golden Age of Cannibalism, followed by Mad Max forever because the machines needed to extract the difficult resources will all corrode away.  Among civilization-killers, world government is probably right up there with nuclear war and irresponsible use of time travel.  Our civilization is approaching the eye of the needle.  Soon we will have to choose whether to claim our destiny as free and transcendent beings among the stars, or starving and ignorant serfs stuck on this miserable rock forever.  Choose wisely.  There will be many false flags, psyops and useful idiots of the left and right trying to influence your emotions.

Sun, 03/20/2011 - 05:39 | 1078162 Husk-Erzulie
Husk-Erzulie's picture

Nice

Sun, 03/20/2011 - 01:05 | 1077848 bob_dabolina
bob_dabolina's picture

Obama is a nigger

*it takes alot for me to use that type of verbiage.

Sun, 03/20/2011 - 01:18 | 1077891 Dr. Porkchop
Dr. Porkchop's picture

You mean metaphorically? If so, then there's been a long list of nigger presidents.

Sun, 03/20/2011 - 01:34 | 1077913 bob_dabolina
bob_dabolina's picture

I mean nigger in every essence of the word.

He is a dirty nigger.

I have nothing else to say on the matter.

To lead this country in the way he has there is no other word to describe him. If he was white (which is half) I would still call him a nigger.

Nigger. Period.

...strange as I have never been rascist until now.

Sun, 03/20/2011 - 01:54 | 1077982 AVP
AVP's picture

"...strange as I have never been rascist [sic]until now."

Bob, since when is it a crime to call a spade a spade?

I would have only added Muslim to your rant.

It's only a matter of time before you'll have to pick a side. Consider yourself

ahead of the curve.

 

 

 

 

 

 

 

Sun, 03/20/2011 - 09:15 | 1078361 samsara
samsara's picture

By that yardstick,  George Bush I & II and Clinton, et al are all niggers too

Sun, 03/20/2011 - 10:56 | 1078620 Buckaroo Banzai
Buckaroo Banzai's picture

Obama is three-quarters white, one-quarter negro. (His father was half black, half arab).

So your comment is only 25% rascist.

Sun, 03/20/2011 - 11:14 | 1078686 majia
majia's picture

Bob I usually agree with your comments. However, this one is different. Keep in mind that 95% of the people who caused the financial crisis and the disaster wrought by BP are what Celente calls, "white shoe boys." They are definitely NOT from Africa in any form of descent...

Sun, 03/20/2011 - 11:34 | 1078719 bob_dabolina
bob_dabolina's picture

I'm talking about a lot here...with everything going on (we are in an economic slump/people are having trouble eating, this spill, our debt, the nuclear disaster in Japan[who's fallout can reach our shores], unrest in the Mid East including us going to war with Libya) Not to mention the country is incredibly polarized (just look at Wisconsin) and he is in fucking Rio? RIO?????

What the fuck kind of leader is this? This is downright insulting behavior to the American people on every level.

I have never felt more disgusted in my entire life. I am ashamed to be an American because of his behavior. I'm sorry if you don't agree with me, that's how I feel and those are the only words I could find to express my complete indignation.

I'm also not a lackey of political correctness and am comfortable expressing myself.

Sun, 03/20/2011 - 11:34 | 1078760 Spastica Rex
Spastica Rex's picture

See, maybe you could call him a "rat-bastard," or "dumb-fuck," or something like that. Using racial epithets just shows what a dumb-fuck you are. The worst word you can think of is based on race? Rat-bastard.

Sun, 03/20/2011 - 11:45 | 1078765 bob_dabolina
bob_dabolina's picture

If the shoe fits.

I don't hear you bitching about Obama calling African Americans a "mongrel people"

http://thehill.com/homenews/administration/111611-obama-calls-african-americans-a-mongrel-people-

....like I said, if the shoe fits. Back to the most important thing going on, hoops brackets.

Maybe there is a sensitivity or political correctness class you can attend. Join a support group if you're so insulted.

Sun, 03/20/2011 - 16:59 | 1079524 Things that go bump
Things that go bump's picture

Funny, that is exactly what I said about about Ronald Reagan, God grant he lie still.  I hope they buried that one in a coffin full of wild roses, face down, with a stake through his heart.   

Sun, 03/20/2011 - 02:01 | 1077997 AVP
AVP's picture

As long as your not a Bulgarian racist you should be fine...

Sun, 03/20/2011 - 18:47 | 1079737 Juggernaut Nihilism
Juggernaut Nihilism's picture

Seriously, go fuck yourself with that kind of language.  I'm as committed of a neo-Spenglerian, pro Anglo-American empire, all-other-cultures-in-the-world-exist-to-be-exploited-and-dominated-for-no-other-reason-than-as-an-expression-of-our-strength-and-an-outlet-for-our-Will-to-Power cultural Machiavellian as you'll find anywhere, but using words like that, regardless of how you intend them to be taken, only discredits everything you have to say and has the broad effect of discrediting a valuable website like this one.

Every citizen of the Western democracies should be reading and following this site, but when you use words like 'nigger', you not only reveal your own patent inability to elucidate your thoughts more eloquently, you also trip the Pavlovian negative reaction that a large majority of people have had built into them since birth.  Be constructive.  Expressing your anger is fine, and not every post or word that comes out of your mouth has to be intended to inform or further a debate, but why contribute to an environment that will only ensure, over time, that mainstream sources will be successful in marginalizing information outlets like this one, creating one big choir that sits around and preaches to itself, full of sound and fury, signifying something only to itself and its own echo chamber?

Go into your bathroom and scream "NIGGER NIGGER NIGGER!!!" if you have to get it out of your system.  If I were a government disinformation squad trying to wipe out websites like this one, I wouldn't have the FCC take control of the web and ban the site.  That would only bolster its power and make people curious.  I would put 100 people on computers and have them go into the comments section calling the president a nigger.  That will render irrelevant a site like this a thousand time faster and more completely than shutting down an ISP could ever hope to.

Sun, 03/20/2011 - 01:12 | 1077871 Yen Cross
Yen Cross's picture

Drill baby drill! Crack that shale sideways!

Sun, 03/20/2011 - 01:16 | 1077885 TruthInSunshine
TruthInSunshine's picture

That's great, it starts with a False Flag, birds and
snakes, aeroplanes and WTC, George Orwell is not afraid.

Eye of a hurricane, listen to Katrina churn - BP serves its own needs, Al Gore serve your own needs.

Feed it off aux speak, grunts in Iraq but no WMDs, the fraudclosure and CDS Ladder
start to clatter with fear fight down height.

Wire in fire on Wall Street, representing seven TBTF Elite, lies & porn
for hire at the SEC and CFTC.

Left of west at Daiichi, eathquake, tsnunami, reactor cores with the furys rad breathing down your neck.

Team by team reporters baffled, tethered, cropped by PATRIOT Act. Look at that terrorist Wikileaks. Revolt, then.

Uh oh, QE overflow, soon inflation explodes, but oligarchs try to save themselves, serve themselves.

Elite and gov serve their own needs,
listen to your fiat bleed, cable news hosts with the rapture and
the false left-right paradigm, right, right.

You vitriolic,
patriotic, slam, fight, bright light, feeling pretty
psyched.

It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.

Sun, 03/20/2011 - 01:23 | 1077908 Yen Cross
Yen Cross's picture

When you finish your rant, would you mind passing the tea pot?

Sun, 03/20/2011 - 01:40 | 1077946 Terra-Firma
Terra-Firma's picture

+1+1

Sun, 03/20/2011 - 01:17 | 1077890 knukles
knukles's picture

I think people are getting disappointed.

Sun, 03/20/2011 - 01:21 | 1077897 Dr. Porkchop
Dr. Porkchop's picture

"I think you guys are going to have to come up with a lot of wonderful new lies, or people just aren't going to want to go on living."

Eliot Rosewater to his psychiatrist

 

Sun, 03/20/2011 - 01:22 | 1077906 CrockettAlmanac.com
CrockettAlmanac.com's picture

God bless you, Mr. Rosewater.

Sun, 03/20/2011 - 01:40 | 1077949 knukles
knukles's picture

Yeah, see.

There's another reason the firemen won't get the kitten out of the tree.... they're all blackout, passed out drunk, like Alkie Unkle Ellie.

Sun, 03/20/2011 - 01:20 | 1077899 Caviar Emptor
Caviar Emptor's picture

Hmmm we got radioactive clouds hitting the West coast, oil and Corexit hitting the South coast. So the East coast is ok unless we get that super tsunami from the Canaries . 

Sun, 03/20/2011 - 03:53 | 1078101 onarga74
onarga74's picture

It's our soft white underbelly.  Any moment Nova Scotia is going to attack us by canoe.

Sun, 03/20/2011 - 11:29 | 1078750 Hulk
Hulk's picture

Radioactive particles can be swept up and buried, East Coast contaminated with East Coasteners which cannot be cleaned nor buried! :*)

Sun, 03/20/2011 - 01:31 | 1077923 LostWages
LostWages's picture

Let's hope this isn't coming from a crack in the ocean floor near the BP spill.  Gotta believe if it was from an existing well, whoever owns it would have to report it right away.

Sun, 03/20/2011 - 01:38 | 1077943 Caviar Emptor
Caviar Emptor's picture

Oil bubbling up from all the hot lava coming after

Sun, 03/20/2011 - 10:22 | 1078505 Vendetta
Vendetta's picture

hot, liquid magma

Sun, 03/20/2011 - 11:37 | 1078770 Rusty Shorts
Rusty Shorts's picture

wow!

Sun, 03/20/2011 - 01:36 | 1077937 Terra-Firma
Terra-Firma's picture

over reaction. Next.

Sun, 03/20/2011 - 01:36 | 1077938 Terra-Firma
Terra-Firma's picture

over reaction. Next.

Sun, 03/20/2011 - 01:39 | 1077944 Jim in MN
Jim in MN's picture

This is getting so crazy it's almost fun again.  It reminds me of when we stuffed about ten kids into a car in Minneapolis at 4 AM when the party got busted and had to make it back to St. Paul.  The car was a rattrap Volvo, with the floor more or less gone (had to pull up your feet the whole time, could see the road through it), the accelerator was triggered by a coathanger the driver had going from the window to the hood, and so much fluid was spraying out we had to use the windshield wipers.

Of course the highlight was when we came to a red light on Lake Street...right across from a cop.  "SHHHHHHhhhh!  Everybody shut up!"

And you know, we got across the Lake Street Bridge...into St. Paul...to a half block from my house...and then it died and glided to the edge of the curb. 

May the world be so lucky as we were in that crappy clown car that night.

Sun, 03/20/2011 - 03:48 | 1078096 SME MOFO
SME MOFO's picture

good story, nicely told.  But nope, this time you are going to stall on the tracks and the 3:05 from waterloo is going to cut your car in half and sprinkle you and your friends 500 yards down the track.  Then you'll have to eat the dead bodies to survive before you start eyeing that fat kid with a bad cough cuz nobody is coming to save you.

Sun, 03/20/2011 - 01:40 | 1077947 Count Laszlo
Count Laszlo's picture

Old oil.

Sun, 03/20/2011 - 01:50 | 1077969 Lapri
Lapri's picture

And the pressure of Reactor No.3's containment vessel has been inexplicably rising, again,  at Fukushima I Nuke Plant. Black swans in phalanx.

http://ex-skf.blogspot.com/2011/03/fukushima-i-nuke-plant-reactor-no3_19...

Sun, 03/20/2011 - 01:53 | 1077980 Jim in MN
Jim in MN's picture

Oh, it's explicable.  The reactors can put a thousand degrees on in a very short time, boil off goodly quantities of water, etc.  Even 5 and 6 have gone back to the 150-200 degree C range today. 

Very tricky situation.  Sacrificing a lot of the best in Japan just trying to keep a lid on it.  Make that 13 lids.

Sun, 03/20/2011 - 02:10 | 1078008 TruthInSunshine
TruthInSunshine's picture

Wars or revolts in Middle East - Check

Israeli and Palestinian/Iranian/Syrian tension glowing white hot - Check

Libyan Civil War full speed, with U.S., France, U.K involved - Check

Red hot nuclear crisis on the relatively small land mass of Japan, growing worse by the hour, accompanied by massive earthquake and tsnumai damage, human suffering on an unknown but massive scale, and economic shock to global economy - Check

Wall Street theft and kleptocratic games with a full head of steam, screwing what's left of middle class in America and bulk of citizens in emerging markets over in a massive and punitive manner - Check

An aloof president of the U.S., playing fiddles and harmonicas while the nations burns - Check

A do nothin Congress more useless than a hammer head attached by a string - Check

A Federal Reserve Bank & Ringmaster ChairSatan The Bernank distorting every conceivable asset class and market, causing massive dislocations of capital, and capital malinvestment, and new and dangerous bubbles to form - Check

A potential new (and possibly grand scale) oil leak from a major well in the Gulf of Mexico - Check

A Eurozone in crisis, with massive unemployment, sovereign default potentials by at least 6 member states - Check

A potential Chinese Credit Bubble that will make the one undergone in the U.S. look tame by comparison - Check

QE and Money Printing by most central banks, causing a race to the bottom competition among world fiat - Check

A foreclosure and vacant home and housing depression crisis the likes of which not seen since the Great Depression - Check

U.S., U.K., Japanese, and Eurozone Deficit Spending & Accumulated Debts that will make it impossible (most likely) to repay said debts - Check

Intractable wars still ongoing, with U.S. troops and financial strain involved, in Iraq and Afghanistan - Check

Did I miss anything? I know I did.

 

What I'm trying to say is: BTFD

Sun, 03/20/2011 - 02:13 | 1078012 Jim in MN
Jim in MN's picture

The average investor on to the scam and wandering away from the stock markets, numb, never to return?

Sun, 03/20/2011 - 02:22 | 1078027 TruthInSunshine
TruthInSunshine's picture

Twice bitten, once shy.

I do believe this is exactly what happened in 1933. After enduring the crash in 1929, the few retail traders/investors that came back in and did well until the next crash in 1933, said "screw that noise."

Equity markets enjoyed extremely low volume, and underperformed almost all asset classes, for a long, long time after the double dipper.

Sun, 03/20/2011 - 04:05 | 1078121 No More Bubbles
No More Bubbles's picture

Next time the market goes down hard, people will be doing the Pavlovian buying of the dip - which will dip lower & lower & lower and keep going down and just bounce around the bottom for ages!

 

That being said, I think we hit nominal new highs before this garbage implodes again........

Sun, 03/20/2011 - 03:54 | 1078104 SilverRhino
SilverRhino's picture

Damn

Sun, 03/20/2011 - 03:54 | 1078105 SilverRhino
SilverRhino's picture

Damn

Sun, 03/20/2011 - 02:30 | 1078041 dfwpike
dfwpike's picture

"If confirmed, Obama can kiss tomorrow's Rio golf outing goodbye."

Oh please.  Like this is going to change Obama's agenda.  Hello?

Sun, 03/20/2011 - 03:17 | 1078070 10kby2k
10kby2k's picture

He doesn't golf. He's a wannabe baller. Takes the only people he can beat (world leaders and fed heads) and whoops them in pick up games. I'd like to hard foul that wussy.  Me, Gadaffi and Castro versus O'Bama, Benny and Timmy. No blood, no foul.

Sun, 03/20/2011 - 02:42 | 1078054 linrom
linrom's picture

How does a 100 mile oil slick just pop off the coast of Louisiana?

Sun, 03/20/2011 - 03:12 | 1078078 ebworthen
ebworthen's picture

I would not doubt that this is related to the quakes and tsunami in Japan, the ring of fire, and the full moon.

We can think we control things, until nature reminds us otherwise.

If this is true...ugh.

Sun, 03/20/2011 - 03:15 | 1078081 ivars
ivars's picture

Here is how I see export doubling by the USA:

From now on, USA military actions are sold for the USD, Arabs with oil fields are paying.

This is what Obama calls Doubled export increase-

-first inflation export by QE2;
-now military protection is being sold in USD to fight the consequences of the first export.

In the end, we all pay with higher oil prices again.

So it goes. A vicious circle America and the West is being drawn into, but of their own making. Overleveraged companies can not sustain external shocks. Nor can overeleveraged coutnries. External shocks seem to be in abundance. So recession in q1 2012 is another step closer ( in fact, its unavodable, but interesting to see what events which lead to Peak oil will ultimately achieve the implementation of recession).

See my old Feb 6th graph, which will be followed nicely again with this spike in oil prices and consequenct  dip in DJIA. Libyan war is just another episode in spiking the oil.

http://saposjoint.net/Forum/download/file.php?id=2609

http://saposjoint.net/Forum/download/file.php?id=2608

 

I am also waiting for spike in coming days and weeks in silver (up to 45 USD) and gold prices with heavy correction ( 40-50%) very soon ( sales by gold in big amounts by someone or redirecting resources to oil and military preparation?Japan?)

http://saposjoint.net/Forum/download/file.php?id=2673

 

 

 

Sun, 03/20/2011 - 03:55 | 1078086 Threeggg
Threeggg's picture

Can I get an order of  Bubba-Gump shrimp "with fries"

 

WTF !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This is INSANE DUDE !!!

Cranium overload !!!!!!!!!!!!!!!!!!!!!!!!!!

 

Love the Intro !! Black Swan Clusterflock +1 

TD you are on-top !!!!!!!!!!!!!!!!!!!!!!!!

I fore-see a sale of $200 million to the MSM in your future

Let's get er' done Motha Fucka .................!

 

Sun, 03/20/2011 - 04:02 | 1078113 Threeggg
Threeggg's picture

I Junked My-self !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

LOL !!!

 

Sun, 03/20/2011 - 04:02 | 1078117 Threeggg
Threeggg's picture

Then Again !!!!!!!!!!

Sun, 03/20/2011 - 04:07 | 1078120 Threeggg
Threeggg's picture

and again .......................

 

After (10) Crown Royals !!!!!!!!!!!!!!!!!!!!!

Woo-Hoo !

Biatchez !!!!!!!!!!!!!!!!!!!!

Sun, 03/20/2011 - 05:10 | 1078150 Stormdancer
Stormdancer's picture

I gave you a sympathy junk just because you appear to be having so much fun with it :).  I'll always be beholden to you for introducing me to Harvey Organ and thereby beginning my adventure in options :).

You know you were the original, first, foremost and most important inspiration for what has become the most popular thread in the silver forum on ModCo (kitco) don't you?

DayStar has made the thread what it is....but you started it :)

Sun, 03/20/2011 - 03:34 | 1078087 thegr8whorebabylon
thegr8whorebabylon's picture

That New World Order rant up-page was an old Big Daddy Bush quote at the UN during, "The Gulf, episode I". (Middle east version circa 1990?)

Sun, 03/20/2011 - 03:47 | 1078095 Fox-Scully
Fox-Scully's picture

Kiss Rio Golf tournament goodbye after he 4 putts!

Sun, 03/20/2011 - 05:16 | 1078152 PY-129-20
PY-129-20's picture

But this is just a "little" schpill. Nothing to worry about. Like a "little" radiation or a tiny war. Buy schtocks. Schtocks will go through the roof and silver will go down, remember the math man - it only cost 5 $ to dig the "shit" out...

just kidding. sad, sad days... what's next? Mutant pirates in Somalia? The great Cthulhu appears?  A terrible new illness kills 2/3 of mankind? I personally wait for North Korea to make a move.

 

Sun, 03/20/2011 - 10:56 | 1078626 Montgomery Burns
Montgomery Burns's picture

Hail CTHULHU!

Sun, 03/20/2011 - 06:53 | 1078187 Mamzer Ben Zonah
Mamzer Ben Zonah's picture

I am shocked — SHOCKED — that a no-fly, no-photo zone has not been declared!

Why have these "journalists" and "independent observers" been arrested, as during the BP incident?

We should be told!

Sun, 03/20/2011 - 07:09 | 1078202 belogical
belogical's picture

The black swan god is pissed....

Better line up the heads of the banking cartel and political elite and cut off their heads or more bad things are likely to happen 

Sun, 03/20/2011 - 07:34 | 1078216 jkruffin
jkruffin's picture

Possibly an Earthquake in the Gulf?

http://www.youtube.com/watch?v=3s3K2RKiTf0&feature=player_embedded

 

Residents of the Gulf Coast reporting ground shaking just before reports of new spill.

UH-F**KING-OH

Photos of the new spill look horrid, something has blown a gasket.

Also, reports of all kinds of substances showing up in peoples' blood along Gulf Coast.  Please don't tell me these people were eating things out of the GULF?

Sun, 03/20/2011 - 07:44 | 1078221 Die Weiße Rose
Die Weiße Rose's picture

Talking about the 64 million black Swans of China

China is the next Bubble to burst and the next Domino to fall, due to it's Cartel monopoly market, awful Record of Human Right Abuse, wide-spread Environmental Vandalism and a cruel and totalitarian fascist murderous Central Regime against it's own People.

China should be kicked out of the UN Security Council.

(Tienanmen Square Massacre,Tibet adused,widespread Human Rights abuses and Cartel market Economy based purely on fabrication and GDP Inflation)

but the black Swans will come home soon...

check this latest Story out from Dateline:

http://www.sbs.com.au/dateline/story/about/id/601007/n/China-s-Ghost-Cit...

China's Ghost Cities

Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.

It’s all part of the government’s efforts to keep the economy booming, and there are many people who would love to move in, but it’s simply too expensive for most.

Video journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings… 64 million apartments are said to be empty across the country and one of the few shop owners says he once didn't sell anything for four or five days.

So are the efforts to boost the economy going to end up having the opposite effect and creating a financial crisis for China?

WATCH - See his report this Sunday at 8.30pm on SBS ONE. The story will also be available to watch online later in the evening.

PHOTO GALLERY - Some satellite and street-level images from the Chinese cities, showing the scale of the construction and the empty streets. Thanks to Gillem Tulloch at Forensic Asia for the information.

VIRTUAL CHINESE COMMUNITY - SBS now has an online community for Mandarin and Cantonese speakers - click to find out more about this story on its website.

 

check this latest Story out from Dateline:

http://www.sbs.com.au/dateline/story/about/id/601007/n/China-s-Ghost-Cit...

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