Click image to enlargeBP CEO Tony Hayward:
"The overall environmental impact will be very, very modest."
"We will mount, as part of the aftermath, a very detailed environmental assessment."
_________________
Facts:
-The Exxon Valdez spilled 11M gallons of oil, contaminating 1,300 miles of Alaska's coastline.
-The BP Gulf of Mexico oil leak is estimated to have spilled anywhere from 20M to 175M gallons of oil thusfar.
-The coasts of Texas, Louisiana, Mississippi, Alabama and Florida are expected to be impacted by the disaster. This includes the Everglades, along with 7 other national parks.
-The BP Gulf of Mexico oil leak is already being called the worst in U.S. history.
10 comments:
What is the source for the picture? Location?
Take over RUMOR regarding VECO.
take over rumor article
Same info earlier on briefing.com according to one poster on VECO board. Anyone gonna buy the rumor . . . ? Or is it a ploy to dump shares? Snot won't be buying is my guess. It was a prior rumor of Samsung becoming competition to VECO and AIXG to which many VECO longs attribute much of the recent decline.
Samsung rumor
There was a serious decline on that day and the following two days, although the weakness had manifested itself in the prior two weeks.
VECO chart
However, VECO appeared to merely be following the market in its decline those two weeks, but the drop accelerated on the day of the competition rumor, May 18th.
VECO vs. SPY
Oh, I forgot, news (and rumors) don't matter. But for all VECO holders hanging around here, news of a take over and a premium on the buy out price sure would be nice.
Anon, not sure exactly where that picture was taken.
We won't be buying VECO again. We made our money there (although not as much as we could have), and we've moved on. It hasn't been acting the way it should be lately (who cares why). RBCN, on the other hand, is a difficult stock to buy unless you're willing to just pay up. The stocks worth buying are always the toughest to get into. Waiting for a pullback can leave you on the sidelines!
You would think VECO would be reacting much more to that Samsung news. The fact it hasn't moved to higher degree than RBCN or CREE, I call BS and I'm sure the people that can move the stock do too. Although I'd love for it to pop back up to mid to high 40's so I can drop these shares and move on with my life. I'm holding out to see what will happen
That looks like Beirut to me. I'm pretty sure its a fake. Well, fake as in NOT Florida. If oil washes up on florida beaches it is not going to look like that. Its going to be a nasty rusty brown.
good call Icon - one blog has the picture and this caption - "A layer of crude oil covers the Ramlet el-Beida public beach in Beirut, Lebanon. Much of Lebanon's coastline is now awash with crude oil after an Israeli air strike on a power plant sent 15,000 tons (13,600 metric tons) of oil leaking into the Mediterranean."
you can easily find the picture by typing in "oil beaches Beirut" into Google pictures in places like Britannica Online Encyclopedia.
http://www.britannica.com/EBchecked/topic-art/58884/92897/Most-of-Lebanons-coast-including-this-beach-in-Beirut-and
Nevertheless, the impact to the Gulf of Mexico and the Gulf Coastline will be devastating, and it has only just begun. And so far it would appear that BP knows as much about cleaning this mess up as they know about stopping the continuation of the spill. To make matters even worse, it is almost inevitable that there will be at least a tropical storm, if not a hurricane, that hits this area, as there is every summer. This will only serve to spread the oil further up into the tributaries that extend to the Gulf of Mexico. This includes the famous Louisiana and Mississippi bayous, not to mention potentially spreading oil inland on shore if we get hit with any sizable storms. That would be catastrophic. And that's not even taking into account the damage it's doing to the Gulf of Mexico itself and all the fish and wildlife that live here. Huge plumes of this crap are floating around in the Gulf and scientists haven't begun to grasp the impact of those.
I used to support offshore drilling, but not anymore. Not unless we devise ways to prevent disasters like this from happening. This is an accident that we can't afford to ever let happen. And to think that this is the same area that got hit by Hurricane Katrina. It's just heartbreaking.
Everyone agrees on the environmental disaster, but the picture is inaccurate. If professional journalists did that, what would be the result?
Is this picture being circulated as being taken on the Gulf Coast (besides here, which I'm sure was a mistake)? Yes, I'm all about accuracy. What happened in Beirut is a different disaster. No truth has to be stretched regarding what's happened in the Gulf of Mexico, and shouldn't be stretched in either direction.
Post a Comment