Location, location, location; please ignore the death and destruction... Federal mandate to remove idle oil rigs should be reconsidered. Half of Alaska Petroleum Reserve off limits. Survey says? Drill, baby, drill! Another excuse to hike gas prices, since we're not having enough hurricanes... New claims administrator is said to be different. Alabama representative does not like Mr. Feinberg at all.
You are in the current Gulf Watchers BP Catastrophe - AUV #594. AUV #593 is here.
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It's all about location when you're trying to sell real estate. Property in the worst part of town wouldn't be in high demand, right? Would you like to buy property that is prone to emitting noxious gasses, leaking nasty substances, or exploding without any warning whatsoever, and has (so far) killed nineteen people?
Well, BP is touting the prime Gulf Coast location close to shipping (you can see the beach from the top of the burn-off stacks...) the newly-renovated infrastructure (see, it won't explode as often...maybe...) as wonderful reasons to take this fine piece of property off their hands. They say they will sell before the end of the year. But so far, they haven't gotten many nibbles...
The company has had the Texas City refinery and one in Carson, Calif., on the block as part of a plan to divest $38 billion in assets by the end of 2012. On Monday, it announced that San Antonio-based Tesoro Corp. is buying the Los Angeles-area refinery along with some other BP assets including Arco-branded gas stations.A Valero spokesman says the location is a plus, but stopped short of saying they might be purchasing. Valero already owns another plant in Texas City, along with one in Port Arthur.
“We like large refineries, we like complex refineries, we like refineries with water access, to bring feedstock in, and send product out by ship,” Valero spokesman Bill Day said. “We believe that a refinery along the Gulf Coast is more advantageous than other parts of the country, because of advantages of water access, the availability of crude oil, access to export markets and low cost of doing business relative to the rest of the U.S.”The prospective buyers will have to decide if the nearly one billion dollar renovation and upgrade has helped minimize the safety problems at the plant. In 2005 an explosion killed fifteen workers, with four more employees dying in separate accidents since then. In addition to explosions, the plant also emitted an estimated 500,000 pounds of chemicals into the atmosphere in 2010. Lawsuits over the emissions are still in the legal system.
BP acquired the Texas City refinery as part of its purchase of Amoco in 1998.
Scott Dean, a spokesman for BP, has said that the company wants to concentrate on its refining capabilities closer to the Canadian border...
BP has decided to focus its refining on the northern U.S., where it has three refineries – all with better access to heavy crudes coming from Canada and the Bakken Shale and the capability of processing it.I hate these people.
And one more goes on the sale table...
BP is selling its Carson, Calif. refinery to San Antonio-based Tesoro for $2.5 billion, as part of BP’s strategy to focus on its refineries in the norther United States.Okay. At least this one is in California, where - I think - the regulations are a little bit tighter. For now.
Please...it is better to leave the underwater part of the rigs in place than remove them. This helps the Gulf to heal.
As BP oil swirled on the Gulf’s surface in May of 2010, the Press-Register visited an oil platform due south of the Alabama/Mississippi line and dove underwater.A total of 265 idle oil platforms were removed in 2011, along with the oases of marine life that had clustered around and grown on the structures over twenty-five years that the rigs have been standing. As many as 600 more rigs are slated for removal by 2015.
Marine scientists say removal of the platforms will take a toll on the Gulf. Indeed, the platforms literally crawl with life. For years, a Department of Interior website has described them as “oases for marine life.”A program called "Rigs to Reefs" allows for structures to remain, but the artificial reefs must be 65 feet below the surface to allow for navigation without danger.
“It's hard. Its very, very complicated. When we first started this, we thought all we would have to do was point out that there was really rare coral on them and noboby would let them take them down,” said Ted Venker, with the Coastal Conservation Association, a recreational fishing lobbying group, which has pushed for a moratorium on the removals.Okay. I'm going to contact Rep. Palazzo. Even though he's a Republican, I think we can agree on this. I am also a diver, and I have been diving on artificial rig/reefs in the Gulf. The diversity of life is amazing. This could help heal the Gulf.
(Please click on the link in the story...the underwater video is cool. It's not a tropical reef, it's a Gulf reef!)
And speaking of Secretary Salazar... I guess half a loaf is better than none at all.
Interior Secretary Ken Salazar on Monday announced the first comprehensive plan to manage the National Petroleum Reserve in Alaska, allowing for new drilling on half of the nearly 23 million-acre reserve while putting the rest off-limits to oil and gas exploration.
How quickly they forget something they never understood in the first place. And crappy polling is still crappy polling...
Roughly seven out of 10 voters support changing U.S. policy to allow more oil and natural gas development along the nation’s coastline, according to a new Harris Interactive poll released today.Okay...three things here.
1.) Harris Interactive
...broadly assess views about energy policy..."Broadly assess"? My ass. Anything API does is structured to benefit API.
However, having said that, the sad truth is that many have no problem with the idea that we should "use our American oil and gas supplies for America".
I actually don't have a huge problem with that, if it were anything other than pure fantasy. "Our own oil and gas" is glittery unicorn shit...
Yo, Bubba! The simple fact is this... oil and gas is sold on the global market, for the highest price, by the people who own it. And that's not you, Bubba. And it never will be you.
If you want to read this shit, here it is; have at it.
This year's lack of hurricanes is sending gasoline producers into a tizzy... so a refinery fire is a perfect excuse for a little price hike, isn't it?
A failed pipe was blamed for the fire at a Chevron facility in California last week, but the area has been deemed to unsafe even for investigators to survey the damage.
Structural engineers on Monday determined the damaged crude unit that was the site of the fire in the facility was too hazardous to enter. The eight-inch pipe leaked and its contents ignited, sending black smoke into the sky above Richmond, Calif., and thousands of nearby residents to hospitals with complaints of eye irritation and breathing difficulty.Forget the fact that this was a fire in a crude unit... and it takes about a year for crude oil to wind up as gasoline in your tank. So logic tells you that you need to immediately hike prices at the pump, right? Chevron might lose a penny or two...
Same principle applies to hurricanes shutting down rigs and coastal refineries for a week or two. It's going to take at least eighteen months or more for that stuff under the Gulf to become gasoline, so.... HURRICANE!! Oh noes, it's a Category 1!!!! Death and Destruction! RAISE PRICES at the pump IMMEDIATELY!!!!!
People believe a lot of silly shit, do they not?
Loren Steffy has a pretty well thought out piece on the subject of exporting petroleum products...or not. Here's the link if you're interested.
Well, considering that Feinberg proved to be a pure corporate tool, can we hope that his replacement might actually have a heart?
Some seem to think so...
In introducing the replacement to claims-process administrator Kenneth Feinberg, Alabama Rep. Jo Bonner (R-Mobile) said of Patrick Juneau... “This is not the Feinberg operation.”
Juneau, a Louisiana lawyer, joined Bonner at a news conference in Mobile to offer an update on his progress since launching the Deepwater Horizon Claims Center in June.
In a little less than two months, Juneau has issued more than 1,400 “determination letters” to claimants offering them a total of $62 million. That total includes $17 million to claimants in Mississippi and $20 million to claimants in Alabama, he said.
Recipients can choose to accept the payment or negotiate for more. Juneau said his advice to anyone hurt by the April 20, 2010, catastrophe — even those previously denied by Feinberg — was to file a new claim.
“This is an entirely new program with much broader eligibility requirements,” he said. “I can tell you for a fact that there are thousands of people eligible for compensation, but they’ve got to file a claim to get it.”I will believe it when I see happy regular people. Not before.
And Rep. Jo Bonner is no fan of Kenneth Feinberg, calling him a "colossal failure".
Bonner, who has been vocal about Feinberg's performance as claims administrator, states that Feinberg's book Who Gets What will definitely not be on his reading list.
And apparently Feinberg is happy to return the favor...
Feinberg pushes back in his book, writing that Bonner “led the way” among his critics and accusing him and other elected officials of political grandstanding.I have no idea what any of this means. Seems like a couple of high-schoolers writing nasty things in each other's yearbooks...
Yada, yada, yada.
Previous Gulf Watcher diaries:
|7-31-12 04:00 PM||Gulf Watchers Tuesday - BP Grantees Find Oil Contributed to Dolphin Deaths - BP Catastrophe AUV #593||peraspera|
|7-17-12 04:00 PM||Gulf Watchers Tuesday - Nalco Says "It Wasn't Our Fault" - BP Catastrophe AUV #592||Lorinda Pike|
|7-03-12 04:00 PM||Gulf Watchers Tuesday - BP Gas Facility Blast Kills 1, Injures 2 - BP Catastrophe AUV #591||peraspera|
Previous motherships and ROV's from this extensive live blog effort may be found here.
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