Piggy Oil Companies:
I do not think oil companies clean up the oil because they care about the environment. I think they just want the oil back! If our economy gets any worse, we are just going to look at an oil spill as an opportunity for cheaper gas. We will all drive down with our tanks and clean it up ourselves. However, to add insult to injury, the oil companies only have to spend up to 75 million for the clean up. Which I am sure they will just make it back by charging us more at the pump. Leaving them with zero accountability. Let me guess, the American Tax Payer has to pay anything that goes over 75 million? THAT?S CALLED A BAIL OUT! Apparently, the oil companies are also too big to fail. I think there should be a law that says that oil companies have to give American?s free gas that is equivalent to whatever they spilt. Now that sounds more fair to me! However, they instead make a 10 BILLION DOLLAR profit. When gas went up in the 90s, President Clinton responded ?It looks like someone is playing politics.? Who knows, maybe that was the day that a law being passed that stipulated they had to pay more than 75 million. Maybe they rose the gas rates to remind the President that they have the power to create and economic crisis, with one stroke of a pen. HOW DARE THESE OIL PIGGIES HOLD OUR PRESIDENTS AND THE AMERICAN ECONOMY HOSTAGE WITH THREATS OF ECONOMIC SABOTAGE!
Piggy Banks:
But there is a bigger spill on the horizon my friend. This spill is going to effect every coast line in America. It is called the GREAT FORECLOSURE SPILL! It will also keep bubbling and bubbling and bubbling foreclosures. It is still going to happen, even though the American Tax Payer funded TARP with a potential 581 BILLION DOLLARS as BAIL OUT money to the piggy banks. I mean if the government is in the lending business, why not have just loaned it to the American homeowner directly? I mean these piggy banks caused the whole mortgage crisis in the first place. TARP gave one bank $45 BILLION DOLLARS! Now that bank is potentially ?playing politics? with the modification process. While dealing with the piggy banks, President Obama and Bush had the same look of fear on their face as President Clinton did with the oil companies.
HOW DARE THESE PIGGY BANKS HOLD OUR PRESIDENTS AND THE AMERICAN ECONOMY HOSTAGE WITH THREATS OF ECONOMIC SABOTAGE!
I dedicate to both the Piggy Oil Companies and Piggy Banks the following song by George Harrision and John Lennon. Appropriately titled ?Piggies? I invite you to listen to it on youtube as you read the words
http://www.youtube.com/watch?v=NTmeHM-Hojg&feature=related
Have you seen the little piggies
Crawling in the dirt
And for all the little piggies
Life is getting worse
Always having dirt to play around in.
Have you seen the bigger piggies
In their starched white shirts
You will find the bigger piggies
Stirring up the dirt
Always have clean shirts to play around in.
In their ties with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.
Everywhere there's lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat their bacon.
I AM FIGHTING BACK!
You can read my story or show your support in your comments at: Unitedlawgroup.com
under the John Wright vs. Bank of America Lawsuit
Sincerely,
Johns-wright@hotmail.com
BP has acquired Nalco Holding’s entire inventory of its Corexit oil dispersant as the oil giant tries to fight a spill in the Gulf of Mexico.
Nalco, based in Naperville, Ill., is a leader in water treatment and process improvement applications. The company focuses on water treatment, wastewater and chemicals for various industries. The company’s aim is to make industrial water use more efficient, cut environmental impact and boost customers’ bottom line.
Nalco’s CEO Erik Fyrwald said on CNBC that the company was out of inventory for its Corexit chemical, which is proprietary. Corexit disperses the oil so it can later be eaten as food by bacteria. BP said the chemical is helping at the spill site. Dispersants break oil down into little droplets that are then further broken down by natural processes.
CBS News notes that dispersants are part of the solution, but BP is trying a bevy of things to control the spill, which looks uncontrollable for at least another week.
BP PLC was preparing a system never tried before at such depths to siphon away the geyser of crude from a blown-out well a mile under Gulf of Mexico waters. However, the plan to lower 74-ton, concrete-and-metal boxes being built to capture the oil and siphon it to a barge waiting at the surface will need at least another six to eight days to get it in place.
Crews continued to lay boom in what increasingly feels like a futile effort to slow down the spill, with all ideas to contain the flow failing so far.
Shares of Nalco surged about 10 percent Monday. Jefferies analyst Laurence Alexander put the dispersants in context. Alexander noted that there are a bevy of dispersant manufacturers, which are all probably selling out.
Also: Images: Massive oil spill imperils Gulf Coast
Spill resource center; BP site; Nalco site
According to Alexander, other producers of dispersants include BP, Croda, Dasic International, NEOS Chemical, Shell, Taiho, Total and U.S. Polychemical along with others.
Alexander said in a research note:
Corexit is typically applied at a ratio of 2-10 gal/acre or 1 gal for every 10-50 gal of oil; while pricing data is limited, Corexit was priced at roughly $17/gal in 2002, which might equate to $40-$60/gal now depending on the correlation with oil prices; and the spill is currently characterized at generating 200,000 gal/day.
Nalco’s potential daily market for Corexit is probably $200,000 to $1.2 million per day, said the analyst.
Although the oil slick in the Gulf of Mexico has put the spotlight on Nalco, the company is more than a dispersant chemical maker. Its largest business is water treatment followed by energy services and then products for the paper industry.
Fyrwald summed up the company’s market and how it lines up with Nalco’s sweet spot on an earnings conference call last week:
Several market trends continued to line up with our business strategy. First, stressed water resources in many parts of the world will be further strained as industrial demand recovers. Our world-leading water expertise makes us a focal point in helping industry increase water recycle rates, a key capability since the most water-stressed regions of the world are now delivering the fastest economic growth. As energy costs rise, Nalco’s able to support oil and gas production increases in value as energy customers pursue harder to reach resources. We expect continued good growth in deep water oil sands and other difficult oil and gas production.
Now, other environmental challenges, such as climate change and water quality will return to the forefront in the coming years as economies turn up increased attention to quality of life concerns.
