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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (134987)6/15/2010 10:07:39 AM
From: ChanceIs  Read Replies (1) of 206209
 
RE: Gulf Floor Collapse

Man oh man...that is some dark news. I can only pray that it is a lot of hooey. Only thing is...it is consistent with EVERYTHING I have seen or read so far. Mind you...not CAUSAL...just consistent. And for once, the writing/journalism is clear and unambiguous. (Please don't tell me that the long hand of the government has purposefully gotten the press to write like kindergartners, which is the level at which they have been writing about this.)

I have several comments:

1) I truly hope that the good folks at Sandia labs have been planning the underground nuke. It increasingly seems that that is a "nothing left to lose" scenario.

2) I hope that they are developing the option to sink wells on a quarter mile grid to simply produce this thing into oblivion - before it leaks itself into same.

3) When are they going to do the rational thing and pump massive amounts of LOX into the well head region to burn the spill off underwater. Again...what to they have to lose trying. Well, I admit that things could get interesting on the LOX barge on the surface. Some of you may remember a certain tragedy in the early Apollo program after which NASA decided that pure oxygen atmospheres really weren't a good idea.

4) If the worst comes to happen - and I pray that it doesn't - this could be the end of offshore. And lots of other stuff - think Alaska pipe license. What is left??? Got gas??? It may seem cold and cynical at times like this to be thinking of profits, but my ethical shield in the person of Adam Smith tells me that if Patterson Energy has more capital to make rigs and set them at work, then fewer people will freeze in the northeast this winter - or next - when they can't get fuel oil for their furnaces.

Why has BP not yet filed???

The mother of all short opportunities???

Might not be bad to buy a few puts.
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