thestatedtruth.com | July 6, 2010
WHAT WE KNOW ABOUT BP DERIVATIVES: CSO (Credit Synthetic Obligations) A study by Moody’s outlines that a BP bankruptcy would impair 117 Collateralized Synthetic Obligations (CSOs), which would lead to pervasive losses by a broad range of holders. The 117 effected is a startling 18% of the total CSOs outstanding, which is an indication of […]
thestatedtruth.com | July 5, 2010
The oil spill in the Gulf of Mexico has so far cost BP $3.12 billion. This, according to British Petroleum,  is the total amount to contain the spill and clean it up. But…..  does not include business claims.
thestatedtruth.com | July 4, 2010
President Obama looks like, well, you get the picture!  And you can stick a fork in BP, its done. ………..Here are some interesting comments from Cumberland.    The Sarasota fishmonger on Lemon St. now gets his shrimp from Sanibel. Louisiana is dead for years, he said. It will not come back in my lifetime.  $20 billion is too […]
thestatedtruth.com | June 27, 2010
The Pentagon has now confirmed that a fleet of 12 warships has passed the Suez Canal, and is now likely awaiting orders to support the escalation in the Persian Gulf.   We can’t be sure if the following is all true, so we would caution readers to view this news cautiously. We should point out that according to […]
thestatedtruth.com | June 26, 2010
This may be the first sign of good luck in a while for the massive oil problem in the Gulf of Mexico! By Dan Hart and Brian K. Sullivan          Jun 26, 2010 Tropical Storm Alex bore down on the coast of Belize and the Yucatan Peninsula today, and may spare BP Plc‘s efforts to contain […]
thestatedtruth.com | June 24, 2010
Gene Inger……of the ingerletter.com Remember my comment about BP wanting to drill in 500 ft. not 5000 feet Gulf depth? Turns out that everyone (even the Pentagon and Secretary of Energy and the Pres. as well) signed-off on deep drilling. Their logic was self-sufficiency in-event war came with Iran and we needed nearly 8-10 months […]
thestatedtruth.com | June 24, 2010
 Sounds like the same thing Matt Simmons said a week ago!   Quotes – Former Shell CEO John Hoffmesiter  June 23, 2010… If you really want to stop a blowout the fastest way the most efficient way is you blow it in, you use explosives.  1:00 Hoffmesiter: Now the problem with that, that is […]
thestatedtruth.com | June 24, 2010
London, UK A new and less well known asymmetric threat has surfaced in the Gulf of Mexico oil gusher. Methane or CH4 gas is being released in vast quantities in the Gulf waters. Seismic data shows huge pools of methane gas at the location immediately below and around the damaged “Macondo” oil well. Methane is […]
thestatedtruth.com | June 24, 2010
Methane in Gulf “astonishingly high”: U.S. scientist (Reuters) – As much as 1 million times the normal level of methane gas has been found in some regions near the Gulf of Mexico oil spill, enough to potentially deplete oxygen and create a dead zone, U.S. scientists said on Tuesday. Texas A&M University oceanography professor John […]
thestatedtruth.com | June 23, 2010
From Reuters: Interior Secretary Ken Salazar will offer testimony later on Wednesday on why the government will appeal that ruling and seek to renew the ban. The ban was imposed after a well operated by British oil company BP exploded on April 20 and began spewing crude into the sea. “We see clear evidence every […]
thestatedtruth.com | June 23, 2010
Something Broke: Containment Cap Removed From BP Oil Leak After Problems Encountered; Large Increase In Spill Rate…… By Tyler Durden on 06/23/2010 The U.S. Coast Guard said there may be 2 deaths, but the oil flow is not completely unrestrcited, and some oil was being burned off on the surface. More at: www.zerohedge.com Click on image for […]
thestatedtruth.com | June 22, 2010
I guess we could say CalPERS (California Public Employees’ Retirement System) is just plain unlucky….either that or they’re plain stupid. Maybe a little of both. After dropping a quarter of the value (and that’s being generous, it may be greater) of its $200-billion portfolio during the recession of 2008 and 2009, the country’s largest public pension fund is […]
thestatedtruth.com | June 20, 2010
 By oilflorida,        June 20th, 2010 Bill Gale, an engineer specializing in fires and explosions on oil rigs who is part of Bea’s Deepwater Horizon Study Group, said the 16-inch wide casing contains disks that are designed to relieve pressure if necessary. If any of those disks popped, it could create undesirable new avenues for […]
thestatedtruth.com | June 20, 2010
  BP document…. “If BOP and wellhead are removed and if we have incorrectly modeled the restrictions the rate could be as high as 100,000 barrels per day up the casing or 55,000 barrels per day up the annulus (low probability worst cases).” ….. “This number is in sharp contrast to BP’s initial claim […]
thestatedtruth.com | June 20, 2010
 Everyone should read this!  Cumberland Advisors  Oil Slickonomics  Part 8 – Chemotherapy in the Gulf of Mexico  June 20, 2010 “Plaquemines Parish President Billy Nungesser was out on Terrebone Bay at the break of dawn with his new industrial strength, compressed air-powered vac. Within 15 minutes, he said his crews had […]
thestatedtruth.com | June 19, 2010
More ships are on the way…… Sometime in the next 10 days, the Helix Producer processing ship is due to arrive on the scene – and start pumping up 20,000 to 25,000 barrels (840,000 to 1.05 million gallons) of oil daily from yet another line connected to the Gulf of Mexico well’s broken blowout preventer. […]
thestatedtruth.com | June 19, 2010
Can burning oil be ‘environmentally friendly’? At current crude-oil prices, that burn rate suggests that $700,000 worth of petroleum is going up in smoke every day. Admittedly, it’s not your usual “smoke.” BP is using in a smokeless atomizing burner that is supposed to be more environmentally friendly than the usual equipment. However, the EverGreen […]
thestatedtruth.com | June 17, 2010
#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors. So what are all of these National Guard troops going to be doing exactly? Are the troops going to be used to stop the oil or to control the […]
thestatedtruth.com | June 17, 2010
Submitted by George Washington   06/17/2010  → Washington’s Blog The Deepwater Horizon blew up on April 20th, and sank a couple of days later. BP has been criticized for failing to report on the seriousness of the blow out for several weeks. However, as a whistleblower previously told 60 Minutes, there was an accident […]
thestatedtruth.com | June 16, 2010
Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg’s Lori Rothman about BP Plc’s oil leak in the Gulf of Mexico and his view that the use of a “small-bore nuclear device” is now the “only option” to stop the flow of oil. Listen to this news interview……unbelievable.  Click below: http://video.godlikeproductions.com/video/Simmons_Says_Nuclear_Device_Only_Option_to_Stop_Oil_Flow
thestatedtruth.com | June 16, 2010
From Jeff Rense.com ……………… The magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens… Contrary to what most of us would think as logical to stop the oil mess, actually opening up the gushing well and making it gush more […]
thestatedtruth.com | June 16, 2010
So much for PEAK oil, we scooped this days ago, now the U.S. government is raising its numbers, it may well be the largest oil well in the history of the world, who would have thunk it!     “This is a phenomenal formation that they drilled into.â€Â         said Ian MacDonald, an oceanographer at Florida State University….Exceptional Gulf of Mexico […]
thestatedtruth.com | June 16, 2010
Jun 16, 2010 Oil giant BP (BP) said Wednesday it agreed to set aside $20 billion as part of its commitments to compensate victims of the Gulf oil spill. BP will initially make payments of $3 billion in the 3rd’Q and $2 billion in the 4th’Q. These will be followed by a payment of $1.25 […]
thestatedtruth.com | June 14, 2010
 Woha……..This is heavy reading on the Gulf of Mexico oil blowout if TRUE! The disaster has a real potential cost of at least $1,000 billion ($1 trillion). According to the Washington report of Madsen, BP statements that one of the leaks has been contained, are pure public relations disinformation designed to avoid panic and demands […]
thestatedtruth.com | June 14, 2010
Rick’s Picks Monday, June 14, 2010 “Phenomenally accurate forecasts†We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, […]
thestatedtruth.com | June 10, 2010
We have (2) options according to Oil expert Matthew Simmons. British Petroleum could be bankrupt over one bad drill hole! Everyone should click on the link below and listen to this informative CNBC video interview of Matthew Simmons! He says that this is the worst oil disaster ever.  Joe Weisenthal The Houston energy banker […]
thestatedtruth.com | June 7, 2010
By Tyler Durden on 06/07/2010 Update: The pipe belongs to Enterprise Products Partners LP. Bloomberg reports: “Enterprise Products Partners LP shut a portion of its 36-inch natural gas pipeline after the line was struck by a fire. The line stretches from Waha in West Texas to the Carthage Hub in Panola, Rick Rainey, a company […]
thestatedtruth.com | June 4, 2010
 By Jim Polson and Jessica Resnick-Ault June 4 (Bloomberg) — BP Plc may be able to capture more than 90 percent of the oil leaking from its Gulf of Mexico well with the cap it put in place last night. “I’d like to see us capture 90-plus percent of this flow,†Doug Suttles, BP’s […]
thestatedtruth.com | June 3, 2010
By WILLIAM J. BROAD Published: June 3, 2010 The chatter began weeks ago as armchair engineers brainstormed for ways to stop the torrent of oil spilling into the Gulf of Mexico: What about nuking the well? Energy Secretary Steven Chu is not considering a bomb. Â Decades ago, the Soviet Union reportedly used nuclear blasts […]
thestatedtruth.com | May 31, 2010
thestatedtruth.com | May 31, 2010
Are we coming closer to WW III……it would appear so! By Tyler Durden on 05/30/2010 Even as futures are feeling buoyant as a result of the JPY drop following the collapse of the Japanese ruling coalition (which in itself will likely spell serious JGB troubles in the days ahead), Middle-east geopolitical issues have once resurfaced… […]
thestatedtruth.com | May 31, 2010
Memorial Day Weekend, May 31, 2010  “The fact that neither the government nor the public sector was prepared for the blowout of the British Petroleum rig indicates a profound failure of planning, execution and regulation. While Congress and others look for individual causes and scapegoats, the truth is that this was a systemic failure […]
thestatedtruth.com | May 30, 2010
May 30 (Bloomberg) — BP Plc said it will seek to contain a majority of oil gushing from its Gulf of Mexico well with a new tactic to plug the leak as a White House adviser said the U.S. is now telling the company “what to do.†The company encountered “too much flow†and the […]
thestatedtruth.com | May 29, 2010
 BP said its latest effort to plug a mile-deep oil and gas gusher in the Gulf of Mexico with drilling fluids has failed in stemming the flow of hydrocarbons. We now have another outlier event unfolding. By Tyler Durden on 05/29/2010 In his May 28th interview with Bloomberg’s Mark Crumpton and Lori Rothman, Matt […]
thestatedtruth.com | May 28, 2010
WASHINGTON – BP’s chief executive cautioned Friday that it will be two more days before anyone knows if the latest fix attempt will stop the oil spewing into the sea, and President Barack Obama arrived on the Gulf Coast to tell residents they are not alone in dealing with it. The New York Times reported […]
thestatedtruth.com | May 28, 2010
 Rick’s Picks Friday, May 28, 2010 “Phenomenally accurate forecastsâ€Â  We may all be breathing a sigh of relief by the time you read this, but it remained uncertain at press time whether British Petroleum’s efforts to plug a massive oil leak in the Gulf of Mexico would succeed. Earlier in the day, the company […]
thestatedtruth.com | May 27, 2010
Oil Slickonomics – Part 5 – Chutzpah May 27, 2010 “Any and all injury, loss, destruction and damage arising out of or related to the above described casualty event was not caused or contributed to by any fault, negligence or lack of due care on the part of Petitioners…â€Â     This was excerpted from the […]
thestatedtruth.com | May 24, 2010
May 24, 2010 “The most recent satellite imagery indicates that the portion of the oil previously observed moving to the SE towards the Loop Current (LC) has largely been entrained into a counter-clockwise rotating eddy to the north of the LC. Over flight observations report this oil is in the form of very scattered light […]
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