More Oil From Macondo?
by Bob Higgins
The Macondo Prospect, where British Petroleum’s ill fated offshore drill rig exploded and sank last year killing eleven men is a reservoir of oil in the Mississippi Canyon area of the northern Gulf of Mexico about 40 miles off the Louisiana coast.
The rig was actually owned by Transocean, built by South Korean giant Hyundai and under lease to BP at the time of its catastrophic demise. In the high stakes world of oil poker, details of ownership and registry are kept deliberately muddied and overly complex, the better to avoid taxes, laws and other liability and responsibilities.
The prospect which BP bid on in 2008 was estimated to contain 50 million barrels of oil which sounds like quite a lot. Sold at current prices that amount of oil would bring bring in gross revenue of 5 billion dollars and that’s just the cost of the crude. Major oil companies also own the pipelines, refineries and the gas pumps where we go to fill our tanks and pick up a six pack so in addition to the profits at the well they make great chunks of money all the way downstream to our front door and beyond.
50 million barrels of oil is about what we use in this country every 60 hours. That’s right, we use about twenty million barrels every day. The eleven dead, the despoliation of 500 miles of the Gulf’s coast, the crippling of the fishing and tourist industries, the physical destruction of people and wildlife, the damage to their lives and their future well being was all about keeping us cruising the roads and cursing at bubble packaging for a long weekend.
A year ago the NOAA, the Coast Guard, the administration and, of course, BP was telling us that the oil was 70% gone and they were working very hard to make things right. I don’t have to crawl very far out on the limb to say that they were lying then and they continue to lie today.
In the world of business, they’ve grown so accustomed to lying that the truth is no longer necessary.
The oil, BP’s crude gate crasher, appears to be back. In addition to the continual beaching of tarballs from the missing oil at the roiled bottom of the Gulf, expected with the onset of another season of warming waters, tropical storms, and hurricane activity it appears that something is leaking large in the vicinity of the Deepwater Horizon well.
According to an article in Al Jazeera “The return of the BP disaster? “on Thursday, reporting on animal rescue organization Wings of Care and in another piece this morning “Oil Still Gushing From BP Well In Gulf,” September, the most active month of hurricane season is likely to begin uncovering the ugly truth.
It is entirely possible that the coalition of irresponsible and incompetent corporations who gave us the tragic deaths of eleven men and the worst oil spill in our history are no more capable of safely capping a well than they are of safely drilling one, transporting its products, or refining them. They are after all, to be found spilling, gushing, leaking, spraying and otherwise carelessly spewing crude oil all over the Earth.
The reports come at us every month, from the Gulf, Alaska, the North Sea, small towns in Texas, Colorado, Pennsylvania and from the Yellowstone River. There is no place on earth that these greaseheads will not despoil and are not actively and zealously engaged in destroying. Make a note that these are only the events that get reported or otherwise discovered.
Following the reports linked above, BP is already making noises about “natural oil seeps,” the expression being a large part of the literature that comprises their canned media response.
It’s likely that 60-70 percent of the oil from last year’s spill, rather than conveniently disappearing is laying on the bottom of the Northern Gulf mixed with toxic Corexit. Just laying in wait for a direct hit by something on the scale of last month’s Irene, to spread its filthy fingers all over the southern coast.
As for the current leaks being from natural seeps, I don’t know, but I don’t buy it. There are 4000 active oil and gas platforms in the Gulf and 27,000 that have been plugged and abandoned by actors like BP.
In addition to BP’s giant screw up in the Macondo prospect, the Deepwater Horizon disaster, that’s a lot of unnatural holes.