Posts Tagged ‘dispersant’

BP’s Crude Oil May Be Radioactive

BP’s Crude Oil May Be Radioactive

Courtesy of Washington’s Blog

New Orleans attorney Stuart Smith knows something about radiation from oil drilling:

Smith is well known for his role as lead counsel in an oilfield radiation case that resulted in a verdict of $1.056 billion against ExxonMobil for contaminating land it leased from the Grefer family in Harvey, Louisiana –– and attempting to cover it up.

***
The court stated that from June 1986 to March 1987, “Exxon officials intentionally withheld information,” and that the company “knew the [radioactive] scale posed a direct danger to the physical health of those workers.” Oilfield waste, or TERM, is primarily composed of radium, a highly radioactive chemical element. Exposure to radium is known to cause a variety of devastating illnesses, including cancer. Radium’s impact on the human body is particularly acute because it is similar chemically to calcium –– and as such is frequently absorbed into bones after entering the body.

But at least there’s no radiation being released from BP’s oil spill in the Gulf, right?

Well, as Smith wrote on August 4th:

This is directly from the EPA website discussing oil drilling activity:

“These processes may leave behind waste containing concentrations of naturally-occurring radioactive material (NORM) from the surrounding soils and rocks. Once exposed or concentrated by human activity, this naturally-occurring material becomes Technologically-Enhanced NORM or TENORM. Radioactive materials are not necessarily present in the soils at every well or drilling site. However in some areas of the country, such as the upper Midwest or Gulf Coast states, the soils are more like to contain radioactive material.”

“Radioactive wastes from oil and gas drilling take the form of produced water, drilling mud, sludge, slimes, or evaporation ponds and pits. It can also concentrate in the mineral scales that form in pipes (pipe scale), storage tanks, or other extraction equipment. Radionuclides in these wastes are primarily radium-226, radium-228, and radon gas. The radon is released to the atmosphere, while the produced water and mud containing radium are placed in ponds or pits for evaporation, re-use, or recovery.”

“The people most likely to be exposed to this source of radiation are workers at the site. They may inhale radon gas which is released during drilling and produced by the decay of radium, raising their risk of lung cancer. In addition, they are


continue reading


Tags: , , , ,




Oil Spew Update: Where’s The Doom?

Karl Denninger separates fact and fiction in the Gulf Oil Spill story. 

Oil Spew Update: Where’s The Doom?

RACCOON ISLAND, LA - JULY 15: Pelicans are seen atop a piece of a destroyed boat July 15, 2010 at Raccoon Island, Louisiana. Biologists say at least 300 pelicans have been smeared with oil on the island, which is the largest nesting area for seabirds on the coast of Louisiana. BP is testing a new oil cap, and is temporarily allowing oil to leak from a second pipe as part of preparations for closing the valves to see if the cap can withstand the pressure and stop the flow of oil into the gulf. (Photo by Mario Tama/Getty Images)

I was promised an earth-shattering ka-doom!

Well, not really.

And the spew is not, in fact, funny.

But what’s even less funny is the number of people who have come completely unhinged with their "imminent death of everything and everyone" nonsense.

Let’s go down the list of the some of the better ones:

Everyone who worked on the Exxon Valdez spill is dead (or alternatively, that across the entire population of those who worked on the Valdez spill, the average age of death is 51.)

Really? Can you source that? I’ve been trying. Yeah, I’ve found the claim – 10 seconds with Google finds it. It’s been repeated everywhere. CNN had an alleged "expert" on who made the 51 year life expectancy claim – "almost all who worked on the Exxon Valdez cleanup are now dead."

Can I find an actual documented source for the claim? Nope. And I’ve tried to find it. No luck.

The same interviewee claimed that the components of the dispersent, Corexit, were not disclosed.  This we know to be false; there are two formulations and we know what’s in them.  The nastiest component is called "Butyl Cellusolve", and is indeed a nasty chemical solvent.  The question is concentration; incidentally, you can buy cleaning solutions containing butyl cellusolve at Home Depot, among other places.  I don’t recommend drinking it.

All of these claims appear to be traceable to one so-called self-identified "expert."  If she has actual evidence, such as a roster of all the people who worked on the Exxon Valdez, their ages, and the disposition of their health (and death, as she alleges) then let’s have it.  This sort of extreme claim requires strict proof.  Period.

There is a second well that BP (and/or Diamond Offshore) is hiding that is the real leak that is five (or alternatively seven) miles away; this is a sideshow and they can’t plug either.  The pressures are off the charts, never encountered before.

Really?  Then how come they just did plug the well?  Off the charts?  About two weeks ago there was a pressure gauge on one of the downhole lines, and it read 7,000 psi.  The water at that depth exerts ~2,000 psi.  If this was an absolute gauge (probably true) then the in-bore relative pressure (relative to the sea floor) was…
continue reading


Tags: , , , , , , ,




 
 
 

ValueWalk

PPP changes pass House as small businesses hit first loan deadlines

By Jacob Wolinsky. Originally published at ValueWalk.

Small businesses need all these adjustments in the Paycheck Protection Flexibility Act, but there are still multiple gaps, including data collection

Q1 2020 hedge fund letters, conferences and more

On the passage of the Paycheck Protection Flexibility Act in House today, Executive Director of the Main Street Alliance Amanda Ballantyne has this to say:

Paycheck Protection Flexibility Act Addresses PPP Flaws

“The Paycheck Protection Flexibility Act is ...



more from ValueWalk

Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 05-27-2020

 

For LIVE access on Wednesday afternoons, join us here at Phil's Stock World!

 

Major Topics:

00:01:40 - Yang 4 Day Work Week
00:12:21 - DIS
00:19:01 - Bonds
00:25:49 - COVID-19 Update
00:41:12 - Trading Techniques
00:45:18 - US Corporate Taxes
00:52:27 - US National Debt
01:04:36 - Beige Book
01:09:25 - Hedge Funds
01:10:08 - States Reopening
01:14:16 - May Portfolio Review
01:14:52 - STP & LTP
01:26:38 - PAA & Strategy Section
01:29:44 - CSCO
01:34:04 - LTP
01:35:18 - VIAC

Phil's Weekly Trading Webinars provide a great opportunity to learn what we ...



more from Ilene

Biotech/COVID-19

How coronavirus contact tracing works in a state Dr. Fauci praised as a model to follow

 

How coronavirus contact tracing works in a state Dr. Fauci praised as a model to follow

Pairing widespread testing with fast, effective contact tracing is considered essential for controlling the coronavirus’s spread as the U.S. passes 100,000 deaths. AP Images/Rick Bowmer

Courtesy of Jenny Meredith, University of South Carolina

After weeks of keeping people home to “flatten the curve,” restrictions on U.S. businesses are loosening and the coronavirus pandemic response is moving ...



more from Biotech/COVID-19

Zero Hedge

Futures Tread Water In Calm Before US-China Storm, Trump Twitter Crackdown

Courtesy of ZeroHedge View original post here.

The S&P's remarkable stretch of posting gains in the overnight session continued for another day, with the S&P rising as high as 3,053, and last trading 9 points higher at 3,044, tracking global stocks higher, with Europe's Stoxx 600 rising 1.3% to session highs as investors weighed again increased friction between America and China and the official passage of China's National Security Law in defiance of Trump, against fresh fiscal stimulus promised by the European Union. Treasuries edged up, while the dollar was modestly lower even as traders "treaded water...



more from Tyler

Kimble Charting Solutions

Tech Indicator Suggesting A Historic Top Could Be Forming?

Courtesy of Chris Kimble

Tech stocks have been the clear leader of the stock market recovery rally, this year and since the lows back in 2007!

But within the ranks of leadership, and an important ratio may be sending a caution message to investors.

In today’s chart, we look at the ratio of large-cap tech stocks (the Nasdaq 100 Index) to the broader tech market (the Nasdaq Composite) on a “monthly” basis.

The large-cap concentrated Nasdaq 100 (only 100 stocks) has been the clear leader for several years versus the ...



more from Kimble C.S.

The Technical Traders

M2 Velocity Collapses - Could A Bottom In Capital Velocity Be Setting Up?

Courtesy of Technical Traders

M2 Velocity is the measurement of capital circulating within the economy.  The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth.  When M2 Velocity contracts, capital is being deployed in investments or assets that prevent that capital from further circulation within the economy – thus preventing further output and opportunity growth features.

The decline in M2 Velocity over the past 10+ years has been dramatic and consistent with the dramatic new zero US Federal Reserve interest rates initiated since just after the 2008 credit crisis market colla...



more from Tech. Traders

Lee's Free Thinking

US Southern States COVID19 Cases - Let's Give Credit Where Due

 

US Southern States COVID19 Cases – Let’s Give Credit Where Due

Courtesy of  

The number of new COVID 19 cases has been falling in the Northeast, but the South is not having the same experience. The number of new cases per day in each Southern state has been rangebound for the past month.

And that’s assuming that the numbers haven’t been manipulated. We know that in Georgia’s case at least, they have been. And there are suspicions about Florida as well, as the State now engages in a smear campaign against the fired employee who built its much praised COVID19 database and dashboar...



more from Lee

Chart School

Is this your local response to COVID 19

Courtesy of Read the Ticker

This is off topic, but a bit of fun!


This is the standard reaction from the control freaks.








This is the song for post lock down!







What should be made mandatory? Vaccines, hell NO! This should be mandatory: Every one taking their tops off in the sun, they do in Africa!

Guess which family gets more Vitamin D and eats less sugary carbs, TV Show



...



more from Chart School

Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



more from Bitcoin

Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



more from Our Members

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

more from Promotions

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.