Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (251142)	6/1/2010 8:31:17 AM
From: joseffy	Read Replies (1) \| Respond to of 306849

Holder will be remembered for his handling of Waco and Elian and the Clinton last minute pardons (including Marc Rich) while serving as Janet Reno's assistant-- and then as so-called 'attorney general' under Obama for whitewashing and letting go the New Black Panthers election hoodlums and ACORN, while at the same time threatening to prosecute those who worked to defend the US against muslim terrorism.

To: ChanceIs who wrote (251142)	6/1/2010 9:23:28 AM
From: James Hutton	Respond to of 306849

You don't think there will be any camera crews there, do you? Hopefully he doesn't make himself into a witness and have to withdraw from prosecuting the case. But that's probably the last thing on his mind now.

To: ChanceIs who wrote (251142)	6/1/2010 9:32:54 AM
From: stockman_scott	Read Replies (2) \| Respond to of 306849

Experts say there are no sure things when operating oil drilling equipment a mile under the water and 13,000 feet below the ocean floor. Professor Tad Patzek, who heads the Department of Petroleum and Geosystems Engineering at the University of Texas-Austin, gives the relief well a 90 percent chance of success. But he'd rather not consider the other 10 percent. "As a petroleum professional, I don't even admit the possibility that that might be possible," he said when asked about a failure to stop the flow. "That would be an environmental disaster of a caliber that was heretofore unseen by humanity." Patzek estimates at least 20,000 barrels of oil and an equal amount of gas would flow daily for years from the reservoir, which he estimates to hold roughly 50 million to 100 million barrels. "That is something that is not acceptable by any standards or measure," he said. "If BP cannot deal with the relief well, there will be somebody else that will, and that would happen sooner rather than later." David Rensink, the incoming president of the American Association of Petroleum Geologists, similarly said that BP's Macondo prospect likely contains enough oil to keep flowing from the broken undersea well for a very long time. "It would take years to deplete. You are talking about a reservoir that could have tens of millions of barrels of oil in it," he said in a statement provided by the group. A spokeswoman for the American Petroleum Institute - the oil industry's biggest trade group - said the relief well effort is certain to succeed. "Will the first relief well work? We don't know. That is why they are doing multiple relief wells," said API's Cathy Landry.