Daily Digest

Daily Digest - May 2

Sunday, May 2, 2010, 10:43 AM
  • Radical Tax On Debt Put To Parties
  • Louisiana Fishermen Losing Patience Over Spill
  • Fears For Crops As Shock Figures From America Show Scale Of Bee Catastrophe

Economy

Radical Tax On Debt Put To Parties (SolidSwede)

Although the suggestion will raise eyebrows, Mr Weale runs one of the country's most respected independent institutions, so may spark speculation that it could be examined by the next government. The Conservatives and Liberal Democrats have both pledged to overhaul the tax system to remove the favourable treatment of debt, although neither has suggested a direct levy on household borrowing.

Environment

Louisiana Fishermen Losing Patience Over Spill (Donald S.)

Fishermen said they feared much of the clean-up business would in fact go outside of the community.

"There is a lot of bitterness. Most of these people are second, third and fourth generation fishermen and now they are looking at the end of their industry," said Roger Halphen, a local teacher.

Fears for crops as shock figures from America show scale of bee catastrophe (SolidSwede)

Disturbing evidence that honeybees are in terminal decline has emerged from the United States where, for the fourth year in a row, more than a third of colonies have failed to survive the winter.

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3 Comments

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Daily Digest - May 2

CB's picture
CB
Status: Gold Member (Offline)
Joined: Mar 18 2008
Posts: 365
Re: Daily Digest - May 2

From 4/30:

http://blog.al.com/live/2010/04/gulf_mexico_oil_spill_worst_case.html

Quote:

..............

The worst-case scenario for the broken and leaking well gushing oil into the Gulf of Mexico would be the loss of the wellhead currently restricting the flow to 5,000 barrels --  or 210,000 gallons per day.

If the wellhead is lost, oil could leave the well at a much greater rate, perhaps up to 150,000 barrels -- or more than 6 million gallons per day -- based on government data showing daily production at another deepwater Gulf well.

By comparison, the Exxon Valdez spill was 11 million gallons total. The Gulf spill could end up dumping the equivalent of 4 Exxon Valdez spills per week.

"Typically, a very good well in the Gulf can produce 30,000 barrels a day, but that's under control. I have no idea what an uncontrolled release could be," said Stephen Sears, chairman of the petroleum engineering department at Louisiana State University.

Minerals Management Service data indicates that the deepwater Thunderhorse production platform, also owned by BP, has produced up to 150,000 barrels per day.

................

BP is trying to construct a cover to put over the well head with a pipe attached to recover the oil. Sounds rather difficult to accomplish with robots a mile down and the wreckage of the existing pipe to contend with. Right now the oil is leaking through several holes in the damaged pipe, but it is feared that sand and other sediment in the oil will erode the pipe causing it to disintegrate and release oil at the full volume the field pressure will sustain.

There is also this news item from a couple of days ago about smell from the slick coming ashore:

http://news.yahoo.com/s/ynews/20100429/ts_ynews/ynews_ts1872

printfaster's picture
printfaster
Status: Bronze Member (Offline)
Joined: Sep 30 2009
Posts: 52
Re: Daily Digest - May 2

The oil platform disaster brings to mind a possible future sabotage/terrorist act that could easily be carried out.

There was some recent news about the cocaine submarines built by smugglers to land cocaine in the US.  Seems that many of these are launched from Venezuela.  How much would it cost the Iranian government or Hugo Chavez to buy one of these, fill it with explosives and set course for a large oil platform?

Never mind.  This will never happen.  No. Can't.  No way.

 

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