Posted on 06/11/2010 7:19:09 AM PDT by blam
5 Distasteful Bets You Can Make On The Gulf Oil Spill
Gus Lubin
Jun. 11, 2010, 9:27 AM
There's markets and wagers for everything, including all your burning questions about the Gulf Oil Spill (via The Barrel).
Paddypower.com offers bets on the next CEO of BP:
Ian Conn -- 3/1
Sir John Brown -- 7/2
Robert Dudley -- 7/2
... and Tony Blair -- 100/1
First to become extinct:
Kemp's Ridley Turtle (pictured) -- 4/5
Bluefin Tuna -- 6/4
Brown Pelican -- 8/1
BP share prices at year end (LSE):
360p - 420p -- 9/4
420p - 500p -- 10/3
280p - 360p -- 7/2
Other bets include Will Tony Hayward keep his job by year end and Who will be first to lose his job. We're going with Elkhorn Coral extinction at 20-1.
[snip]
(Excerpt) Read more at businessinsider.com ...
The outcome of all of those bets:
Barack Obama
The next CEO should be an engineer with hands on operating
experience but this won’t happen. Instead they will get a PR and
finance smart wheeler dealer.
My bet would be how long is this misbegotten oil well going to spew? Don’t count on those relief wells. The oil reservoir pressure is so high down there (18,000ft down) it will be dicey pumping mud then concrete into it to seal it up.
Pumping the concrete from the relief well into the well bore that is spewing. Drilling through well pipe to do it. I am very worried the relief wells are a happy face con-job. I’m amazed that BP had to be ordered to drill the second relief well. That’s what 0bama claimed
Drilling & plugging will only allow the oil to flow around and up the other cracks & fissures that have been created and lie waiting to become creeks and rushing rivers of oil.
So you are saying a relief well 18ooo ft down will fail?
They are using BB gun theory in big gameland.
I used to just accept that drilling the two relief wells would solve this problem. Now I think it has less than 50% chance of success. BP should be drilling two more wells to rescue the situation for a total of four...with the understanding that these can become production wells if possible.
This way BP can produce to pay off damages
There are many ways they could have captured untold tons of crude that would have been gasoline in our tanks by now.
There's something else at work here.
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