SI
SI
discoversearch

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.
Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (85326)6/4/2010 4:31:48 PM
From: longnshort3 Recommendations  Respond to of 224757
 
we are waiting for the impeachment party to begin



To: Kenneth E. Phillipps who wrote (85326)6/4/2010 4:53:05 PM
From: TideGlider3 Recommendations  Respond to of 224757
 
I am definitely not celebrating. Posting you is not celebrating, unless you consider all your posts about dead soldiers were celebrating. Damn, you are a real mess! We have problems here in this country and you just want to talk smack.

Guess you forgot all your "dollar falling" posts when Bush was in office. More dead in Iraq.'

Now we know you were celebrating. You give yourself away Kenneth.



To: Kenneth E. Phillipps who wrote (85326)6/4/2010 6:21:30 PM
From: Hope Praytochange2 Recommendations  Respond to of 224757
 
The Dow Jones industrial average dropped 323 points, its third worst slide of the year. The index closed below 10,000 for the second time in two weeks. All the major indexes were down more than 3 percent. The concerns about Hungary pounded the euro to a four-year low. The drop pushed major stock indexes back into "correction" mode, meaning a decline of at least 10 percent from recent highs.

Retailers were among the hardest hit stocks after investors bet that a weak job market would discourage consumers from spending. Financial stocks also fell sharply on concerns that borrowers would continue having problems paying their bills. Banks were further hurt by worries about their vulnerability to Europe's increasing troubles.

The government's May jobs report was an unpleasant surprise for investors who had grown a little more upbeat about the domestic economy the past few days. The Labor Department said private employers hired just 41,000 jobs in May, down dramatically from 218,000 in April and the lowest number since January. The news made it clear that the economic recovery isn't yet picking up the momentum that investors have been looking for.

The government said 431,000 jobs overall were created last month, but most of those them, 411,000, came from the government's hiring of temporary census workers. The overall number also fell short of expectations. Economists polled by Thomson Reuters had forecast employers would add 513,000 jobs.



To: Kenneth E. Phillipps who wrote (85326)6/4/2010 7:16:56 PM
From: chartseer1 Recommendation  Respond to of 224757
 
oh bummer! For a bamah market he may be long all the pro short ETFs like DXD, MZZ, QID, and SDS.
It would be a crime not to take advantage of the inept incompetent chicago politician regime, wouldn't it? You know what is better than making money when everybody else is? It is making money when everybody else is losing theirs.

Don't worry! Be happy!

the stupid hopeless comrade chartseer in the new era of pro short ETFs and an inept incompetent chicago politician regime



To: Kenneth E. Phillipps who wrote (85326)6/5/2010 9:32:52 AM
From: Hope Praytochange  Respond to of 224757
 
In sweltering midday heat, the protesters waved homemade signs ( “Crude Awakening” ), brandished pictures of oil-soaked birds and delivered megaphone speeches next to a 20-foot-high inflatable yellow oil drum.

“BP, you’re under citizen’s arrest,” declared Erich Pica, president of Friends of the Earth. “And it will be us, the U.S. citizens, who will be your judge and jury.”

According to the demonstrators, everyone wants clean energy, and they want it right now. There was also a motley cry of “Hey hey, ho ho, corrupt idiot odumba got to go.”

In the scene’s emotional crescendo, Robert Weissman, the president of Public Citizen, one of the organizers of the gathering, led the protesters to the front entrance of the glass building that houses BP’s offices on the seventh floor. But a beefy security guard denied them entrance.

Standing nearby, a spokeswoman for Public Citizen, Barbara Holzer, tried to speak over the din of a “Spill, baby, spill” chant. “I think idiot odumba should turn in his pinstripes for prison stripes,” she said.

The idiot odumba administration did not escape indictment. Activists described the White House reaction to the spill as “uneven,” “lackluster” and “insufficiently tough” on BP, and some expressed frustration that the administration had not seized on the spill as a chance to promote a bolder energy agenda.

“Until recently, the administration has not used this as a chance to talk about clean energy or reducing dependence on oil,” said Nick Berning of Friends of the Earth. “You don’t have moments like this often in the energy debate. And it seems like the administration could be using this more.”



To: Kenneth E. Phillipps who wrote (85326)6/5/2010 10:32:52 AM
From: Hope Praytochange  Respond to of 224757
 
Rasmussen: Daily Presidential Tracking Poll (idiot odumba at -17)
Rasmussen Polling ^ | 05JUN2010 | S. Rasmussen

Daily Presidential Tracking Poll
Saturday, June 05, 2010

The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 25% of the nation's voters Strongly Approve of the way that idiot odumba is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving idiot odumba a Presidential Approval Index rating of -17



To: Kenneth E. Phillipps who wrote (85326)6/5/2010 10:46:14 AM
From: lorne1 Recommendation  Read Replies (2) | Respond to of 224757
 
ken..was Cheney's secret group still in power in 2009.?

Before BP oil spill, Big Oil-led study urged feds to cut safety testing
The 2009 study intensifies suspicions that Big Oil interests trumped US safety regulations, a concern that has been growing since the BP oil spill.

By Mark Clayton, /Staff writer
June 2, 2010
csmonitor.com

Blowout preventers – crucial safety devices in offshore drilling that are supposed to preclude undersea oil gushers like the one in the Gulf of Mexico – have failed 62 times during testing in Gulf waters over three years.

A 2009 reliability study of blow-out preventers deployed in the Gulf of Mexico also found that four of those breakdowns were "safety critical failures," meaning the equipment malfunction was serious enough to have allowed "an uncontrolled release" of crude oil from the well bore.

The study, which has not before been reported in the press, is an example of the coziness between government regulators and the oil industry that has been much criticized since the Gulf oil spill, some say. Funded mainly by oil companies but with participation by the US Minerals Management Service (MMS), the study examines whether it is possible to scale back the frequency of safety testing required on blowout preventers. Such testing "is costly," the study notes. "Thus, a study to evaluate the relationship between testing and its impact on safety and environmental performance was warranted."

IN PICTURES: Louisiana oil spill

Its conclusions? Less testing. The study recommended that pressure testing of most blowout preventer systems occur a minimum of every 35 days rather than every 14 days. That would save the industry about $193 million a year, according to the study's prospectus. However, for the least-reliable component of blowout preventers – the hydraulic and electrical control systems – the study recommended keeping "function tests" at their current weekly rate.

The reduction in testing was never adopted, but the study highlights federal reliance on industry recommendations and intensifies suspicions that industry interests have been trumping US safety regulations.

"You're letting the people being regulated get too close to the regulators," says a blowout preventer expert who is familiar with the study and asked not to be named. "Is this study an example? I wouldn't argue with that. Is it too cozy? Right on."

The report's data analysis seems to him to be accurate, and he says redundancies built into the devices make them very safe, but he nonetheless questions whether the report's conclusions are justified. Its authors seem "less than enthusiastic" about their recommendations, he says, and the apparent industry-MMS agenda to justify less testing makes the report seem "precooked."

A blowout preventer (BOP) is essentially a massive school-bus-size "stack" of hydraulic valves weighing hundreds of tons. BOPs sit on the ocean floor beneath every drill rig in the Gulf – just in case.
Because of their multiple valve redundancy, BOPs have long been seen as working almost flawlessly, as statements from industry and government have implied.

The April 20 explosion on the Deepwater Horizon rig would not have happened if the "fail-safe" blowout preventer had worked as expected, Lamar McKay, chairman and president of BP America, told the Senate Environment and Public Works Committee in May.

"Before the blowout, it is clear that there was an assumption that a BOP would never fail," Janet Napolitano, secretary of the Department of Homeland Security, told a Senate committee recently.

Of course, leaks have occurred as oil companies plumbed the Outer Continental Shelf for new energy supplies. MMS has recorded 39 blowouts in US waters from 1992 to 2006 – despite the use of BOPs.

The industry-led study of blowout preventer reliability included these findings:

•During safety testing, BOP components and control systems had 62 failures across 238 subsea wells drilled over three years (2004-06) in the Gulf of Mexico.

•Four of the 62 BOP breakdowns were "safety critical failures," i.e., failures that would "prevent the BOP or a component of the system from closing and sealing on demand and allowing an uncontrolled release of fluid from the well bore," the study found. One safety-critical failure was so severe that, if a blowout had occurred at the time of the test, "they would not have been able to contain it."

•A total of 89,189 BOP pressure tests and other tests were conducted during the study period. The 62 failures during those tests produced failure rates much less than 1 percent for the blowout preventer's hydraulic rams and other pressure systems – rates that, according to the report's authors, justified a reduced schedule of pressure testing. More than doubling the number of days between such tests "will not result in substantial changes to reliability," the study concluded.

Some omissions
The study did not evaluate the failure rate per drilling rig (37 were in the study) or per well. Safety experts in the nuclear and other industries often use such an approach to identify potential problems.

Using the study's data, a Monitor analysis shows there was one "safety critical" failure for every 59.5 wells drilled in the test period, and one per 9.5 rigs.

"Applying generic data gathered from a fleet of rigs to an individual rig can provide a useful picture of reliability," says David Lochbaum, director of the nuclear safety project at the Union of Concerned Scientists. "We've done this kind of breakdown for nuclear plants. I would not have any qualms about doing this for blowout preventer reliability."

While the reliability study recommended less BOP testing, it also called for more redundancy in the blowout preventer stack to ensure that any failing equipment would have backup.
"Additional redundancy for specific components should be considered," it said.

One such BOP component is the blind-shear ram, a last-line-of-defense emergency hydraulic piston designed to slice through the drill pipe and seal the well. While two blind-shear rams were "in place on many rigs," many other rigs would benefit from installation of a second blind-shear ram, the study says.

Even so, the study recommended that the government loosen its testing regimen for this type of ram – once every 77 days rather than every 30 days. The blind-shear ram on the Deepwater Horizon rig is suspected of failing to cut through the pipe to close off the blowout.

The study also found big disparities between the failure rates of older blowout preventers and newer models. BOP failure rates also varied by company: Some firms' equipment failed six times sooner than other firms' BOPs.

Authors of the report at West Engineering, a Brookshire, Texas, consulting firm, refused multiple requests for comment. A spokesman at the American Petroleum Institute declined to comment.

Cameron International, which made the BOP used on the Deepwater Horizon rig, has "never characterized company products as fail-safe," says spokesman Mike Pascale.

Department of Interior officials refused Monitor requests to interview MMS officials involved with the BOP reliability report, citing an ongoing reorganization to split the agency's enforcement duties from its royalty-gathering operations.

"We need a stronger oversight and enforcement agency to police the industry, and that's why Secretary [Ken] Salazar divided up MMS so that its conflicting missions are separate and independent," Kendra Barkoff, Interior Department press secretary, wrote in a statement.

BOP systems consultants say blowout preventers remain vulnerable to failure in spite of design redundancies and very low component failure rates.

"Nothing is fail-safe, including blow-out preventers," says Paul Helfer, a former senior engineer in the research and development department of Cameron International. "Anything can fail. You just do whatever you can to make it as reliable as you can."



To: Kenneth E. Phillipps who wrote (85326)6/5/2010 7:40:20 PM
From: Hope Praytochange1 Recommendation  Respond to of 224757
 
It took more than a week after the explosion for the homeland security secretary, Janet Napolitano, to declare, on April 29, “a spill of national significance” a legal categorization that was needed before certain federal assistance could be authorized.

Because of such delays, critics have charged, more coastline will be hit, more animals will die, more habitats will be ruined and more money will be lost in tourism, fishing and real estate.

And yet, the administration is limited in its ability to divorce itself from BP, because federal officials rely on the company for technology, personnel and financing for the cleanup. The relationship reached a turning point last week when the administration said the national incident commander, Adm. Thad W. Allen of the Coast Guard, would start giving solo briefings. He will no longer share a podium with BP, which will offer its own briefings.

That move, however, does not resolve the matter of who is actually in charge in the gulf — of ensuring safety and regulating the dangerous extraction of vast riches under the deepest waters there, as well as of handling the continuing emergency.

The question is proving equally vexing as investigators try to place blame for events on the rig the day of the explosion— as was clear on Tuesday when Attorney General Eric H. Holder Jr. announced that he had begun a criminal investigation.

Citing “a wide range of possible violations,” Mr. Holder declined to specify the target of the investigation, because, he said, the authorities were still not clear on “who should ultimately be held liable.”