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Submitted by Steve Meyers
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Tuesday, 24 August 2010 18:05 |
The Gulf Crisis is Not Over
Slow Violence and the BP Coverups
By ANNE McCLINTOCK
Three vanishing acts are being played out in the Gulf: the disappearing of the oil from the ocean surface by Corexit, the disappearing of the story by the media blockade, and the disappearing from view of the shadowy private contractors who are making a mint helping BP and the Coast Guard keep a cover on the clean-up. This triple vanishing trick, collectively choreographed by BP and sundry federal agencies, culminated on August 4th in a report released by NOAA that claimed 75% of the oil spill had been captured, burned, evaporated or broken down. The White House hailed the report as something to celebrate. Energy advisor Carol Browne announced: “the vast majority of the oil is gone.”
A clamor of outrage immediately rose from the Gulf, as residents refused to dance the crisis-is-over, happy-feet dance. Hundreds of locals furiously insisted that they were still seeing masses of oil on ocean, beaches and marshes, and dead fish, dolphins, sharks, birds and other marine life washing ashore. Then on August 18th scientists from the Universities of Georgia and South Florida produced an open challenge to the White House report, asserting that 70% to 79% of the oil in the Gulf still remained in the water. Charles Hopkinson, a professor of marine science at the University of Georgia declared: “The idea that 75% of the oil is gone and of no concern to the environment is just absolutely incorrect.” READ MORE |
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Submitted by Steve Meyers
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Tuesday, 24 August 2010 16:27 |
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Sold 2 September E-Minis 1094.00---bought 2 September E-minis at 1089.25 Profit-- $475
Sold 2 September Euro Currency @ 131.40---bought 1 Euro back at 1.2704, 1-1.2683 Profit --$11,161.00
Sold 1 September BP @ 1.5530---bought 1 Sep BP @ 1.5450 Profit--$500
Sold 1 September E-Mini S&P @ 1069.75 Bought 1 September E-Mini @ 1048.25-- Profit $1075
Sold 1 Sep 30 yr T-Bond 134-05 Bought 1 Sep 30 yr T-Bond @ 135-07-- Loss (1062.50)
Total Profit $12,148.50 |
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Submitted by Steve Meyers
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Monday, 23 August 2010 17:13 |
 By Greg Hunter
USAWatchdog.com
A little more than 2 weeks ago, the government said nearly 75% of the oil from the worst environmental disaster in history was gone! Government scientists claim most of the oil had dissolved, dispersed or been removed. Now, government scientists are defending their claims against a new report from University of Georgia scientists. According to the Associated Press, “. . . Monday, five Georgia scientists who reviewed government data said that instead of only 26 percent of the oil remaining in the Gulf, as a federal report said earlier this month, it’s actually closer to 80 percent. “Where has all the oil gone? It hasn’t gone anywhere. It still lurks in the deep,” said University of Georgiamarine scientist Chuck Hopkinson. He headed the quick independent look by the Georgia Sea Grant program at the estimates the White House released.” Hopkins also said, “The Georgia team said it is a misinterpretation of data to claim that oil that is dissolved or dispersed is gone. The bottom line is most of it is still out there, There’s nothing in the report to substantiate the 26 percent.” (Click here for the complete AP story.)
READ MORE
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Submitted by Steve Meyers
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Monday, 23 August 2010 15:24 |
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The Russell opinion. It's the markets that are telling the real story, not the analysts or the government..Believe me if the stock market continues the way its been going (particularly if it crashes) it's going to scare the living hell out of America's consumers. If consumers freeze up, you're going to see all the deflation you want. So who to believe, the analysts and economist or the stock and bond markets? READ ARTICLE |
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