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11.13 Global report highlights Australia’s renewables potential amid mixed signals for coal

11.13 Interior department whistleblower: Ryan Zinke hollowed out the agency

11.12  This Land is Your Land:  The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]

11.12 Planned Parenthood's new president warns of 'state of emergency' for women's health

11.11 Trump responds to worst fires in California’s history by threatening to withhold federal aid [behaving ignorantly again...]

11.11 Interior department sued for ‘secretive process’ in at-risk species assessment [behaving ignorantly again...]

11.11 Keystone XL pipeline: judge rules government 'jumped the gun' and orders halt [behaving ignorantly again...]

11.09 Rainforest destruction from gold mining hits all-time high in Peru

11.09 A new way to make steel could cut 5% of CO2 emissions at a stroke

11.08 Medicaid’s stunning victory

11.06 On Eve of Midterms, Americans Urged to Vote 'Like the Planet Depends On It—Because It Does'

11.06 Big Oil Spending Tens of Millions to Defeat Washington State's Groundbreaking Carbon Fee Initiative [2:09 video]

11.06 India: Delhi pollution level deteriorates to 'hazardous' category

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11.13 'You Sound Nervous': Gillum Mocks Trump as President Demands End to Florida Recount

11.13 Kyrsten Sinema wins Arizona Senate race in breakthrough for Democrats

11.12 When Obstruction of Justice Is Glaringly Obvious

11.11 These 14 Democrats Are at Core of What Bernie Sanders Calls the 'Most Progressive Freshman Class' in Modern US History

11.10 Dear Democrats: Don’t be corporate stooges too

11.10 Trump's acting attorney general involved in firm that scammed veterans out of life savings [Absense of morals and empathy are a prerequisite in the Trump administration]

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11.09 Trump administration blocks asylum claims by those crossing border illegally [Making America Less Great Again...]

High Crimes?

11.10 US stops refuelling of Saudi-led coalition aircraft in Yemen war [But there are a few children still alive. It's too soon!]

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11.11 Tax reform: down with the ‘stepped-up basis’

11.08 Canada is richer than the US, according to a new wealth ranking — in fact, the US doesn't even make the top 10 [Graph of richest countries based on median wealth per adult]

11.05 Under Trump, Corporate Giants See Massive Drop in Penalties: NYT [Mafia-government...]

11.02 Los Angeles’ Measure B Is a Moonshot Aimed at Creating a Public Bank [Could save the public $Billions if setup smartly]

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11.13 Austin's Fix for Homelessness: Tiny Houses, and Lots of Neighbors

11.13 Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.

11.13 Caravan marks one month on the road: ‘We keep on going, laughing or crying’

11.13 Letter Shows Einstein’s Prescient Concerns About ‘Dark Times’ in Germany

11.12 With Trump sitting nearby, Macron calls nationalism a betrayal [Trump was confused...; video]

11.11 The message from the midterms: a new, progressive US is slowly taking shape

11.09 US navy ship ignored sinking migrants' cries for help, say survivors [Making America Less Great Again...]

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  Thinking About Oil


Thinking About Oil

by Fred Cederholm
From day one, BP was mixing massive quantities of a highly toxic dispersant (Corexit EC9527A --- 30-60% 2-Butoxyethanol by weight) into the crude gusher one mile below the surface. This would not cause the leaked oil to go away, but it would keep it a few feet under water for a couple of months....

I’ve been thinking about oil. Actually I’ve been thinking about the Gulf oil disaster, a sudden up tick in media events, “developments,” spin, BP and the Beverly Hillbillies. We are now at almost sixty days (or two months) of Horizon Deepwater’s spewing its vile venom into the Gulf of Mexico. I call it “vile venom” because the oil is flowing pretty much unrestrained into the pristine waters of the Gulf. The Gulf waters around the offshore rigs were hardly pristine, but the word suits the mood now and besides it makes for more sensationalism. Word choice doesn’t help the pelicans, the dolphins, the shrimp, or the whales, but it sure jazzes up the copy on the Teleprompters and in the news stories.

You see we are deeply in a tarry sludge and the depth and severity of the problems worsen by the day. There is literally no end in sight. I know that the problem is NOT subsiding by what we are being selectively told in the press releases. We now even have a moratorium on all flights (except for military and oil company planes) over the offshore drilling zone. The bulk of the Gulf fishing fleet is confined to port. This is no accident either as neither BP nor the Obama Administration wants the public to see the extent of the growing sub surface orange colored goop which is now making landfall --- or at least congregating in massive pools just offshore from Louisiana, Mississippi, Alabama, and Florida.

The problem is bad and visible enough that environmental groups are now flying kites with cameras from the beaches to get aerial images. From day one, BP was mixing massive quantities of a highly toxic dispersant (Corexit EC9527A --- 30-60% 2-Butoxyethanol by weight) into the crude gusher one mile below the surface. This would not cause the leaked oil to go away, trust me, but it would keep it a few feet under water for a couple of months which is all both BP and Uncle $ugar wanted at the time. The Corexit is far more toxic to marine life than the crude it is “dispersing.” Now that the oil and chemical sludge is reaching our shorelines, more spin and “explanations” are desperately needed. It won’t help..., but it takes the focus away from the real problems and issues --- that is if the “explanations” appear credible, and are in point of fact true and honest.

President Obama made his fourth pilgrimage to the Gulf Coast on Monday. He will return to DC on Tuesday and host his first televised infomercial about this Gulf Chernobyl on Tuesday evening. Later in the week, he will have his first face-to-face with BP executives. He needs to have similar summits, with the poobahs from Halliburton, and Transoceanic as well. The BP executives will once again be paraded before a Congressional committee. Just what will all this accomplish? Not much!!! Still there will be the perception that something is being done and that our government is in control. Remember that this is an election year!!! Will we be told that the mega MILLION gallon “leak” will be contained shortly, that we won’t see progress until August, that a shut down won’t occur until after Christmas, or that the fix will not occur until next March? In the doomsday scenario, the leaking won’t stop until the field plays out. By that time, the slick will have crossed the Atlantic and the Brits will be singing about the “orange” cliffs of Dover. I doubt we will be told that the nuclear option of exploding a “clean” nuclear bomb on the site is now on the table and is being heavily debated? Or... will we be told of a BP bailout by Uncle $ugar (meaning the American taxpayers)? Any leaks and spin are possible at this point.

BP is a huge company --- # 3 of the global energy giants. Their nnual sales approach a quarter TRILLION, and the profits (after selected preferential accounting treatments) approach $17 BILLION. BP’s brands include BP, Arco, AMPM, Castrol, Aral, and Wild Bean Café. Don’t forget that is was only a few years back that BP took over Amoco Oil, the last surviving full blow operating component of the Standard Oil behemoth of John D. Rockefeller’s “creation.” BP is in working partnerships with too many corporations to even list. Then too, we have NOT been told what BP pays to the US each year in its leasehold fees, its true political contributions, and its total lobbying efforts. The costs of the Horizon nightmare will run in the mega BILLIONS. The current guestimate of $23 BILLION will not even be close. We will know how gargantuan the amount is when they tell us a BP bankruptcy is in the works, or that Uncle $ugar is putting together a bailout. Meanwhile Exxon, and Royal Dutch Shell are salivating...

Oil is a critical component of what “drives” this nation. Like it or not, we need a steady and economic flow of crude oil and distillates to get, and to keep our US economy moving. As a child I watched the Beverly Hillbillies TV show and even memorized the opening song. We appear to need to update the lyrics: “Oil that is... Black Gold, Texas Tea, and (now) Gulf Sludge.”

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.

Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at

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This story was published on June 14, 2010.


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