This could be really, really bad.
Perhaps,speculates Energy and Capital, the BP well has causes a weakening and fissuring of the surrounding geological strata, which will cause a mass release of oil outside of the BP well.
Geologists are pointing to other fissures and cracks that are appearing on the ocean floor around the damaged wellhead.
According to CNN:
The University of South Florida recently discovered a second oil plume in the northeastern Gulf. The first plume was found by Mississippi universities in early May.
And there have been other plumes discovered by submersibles...
Some geologists say that BP's arrogance has set off a series of events that may be irreversible. There are some that think that BP has drilled into an deep-core oil volcano that cannot be stopped, regardless of the horizontal drills the company claims will stop the oil plume in August.
And:
Obviously, the oil and gas pressure hasn't fallen off
In fact... it's increased.
The problem is that BP may not only have hit the mother of high-pressure wells, but there is also a vast amount of methane down there that could come exploding out like an underwater volcano.
I recently heard a recording of Richard Hoagland who was interviewed on Coast to Coast AM.
Mr. Hoagland has suggested that there are cracks in the ocean floor, and that pressure at the base of the wellhead is approximately 100,000 psi.
Furthermore, geologists believe there are another 4-5 cracks or fissions in the well. Upon using a GPS and Depth finder system, experts have discovered a large gas bubble, 15-20 miles across and tens of feet high, under the ocean floor.
These bubbles are common. Many believe they have caused the sinking of ships and planes in the Bermuda Triangle.
That said, a bubble this large — if able to escape from under the ocean floor through a crack — would cause a gas explosion that Mr. Hoagland likens to Mt. St. Helens... only under water.
The BP well is 50 miles from Louisiana. Its release would send a toxic cloud over populated areas. The explosion would also sink any ships and oil structures in the vicinity and create a tsunami which would head toward Florida at 600 mph.
Now, many people have called Hoagland a fringe thinker and a conspiracy theorist. And they may be right... But that doesn't mean he isn't on to something.
Coast to Coast is "batshit nuts" and Hoagland is - as far as I know - always wrong, which is somewhat reassuring, but:
EPA finds high concentrations of gases in the area
The escape of other poison gases associated with an underground methane bubble (such as hydrogen sulfide, benzene, and methylene chloride) have been found.
Last Thursday, the EPA measured hydrogen sulfide at 1,000 parts per billion — well above the normal 5 to 10 ppb. Some benzene levels were measured near the Gulf of Mexico in the range of 3,000 – 4,000 ppb — up from the normal 0-4 ppb.
More speculation of doom
The Oil Drum, an industry sheet, recently ran an article about the sequence of events that tried to stop the oil spill.
The upshot of industry insiders was that after trying a number of ways to close off the leak, the well was compromised, creating other leaks due to the high pressure. BP then cut the well open and tried to capture the oil.
In other words: BP shifted from stopping the gusher to opening it up and catching what oil it could.
The only reason sane oil men would do this is if they wanted to relieve pressure at the leak hidden down below the seabed... And that sort of leak — known as a “down hole” leak — is one of the most dangerous kind.
No stopping it
It means that BP can't stop if from above; it can only relieve the pressure.
So, more oil is leaking out while BP hopes it can drill new wells before the current one completely erodes.
BP is in a race against time... It just won't admit this fact.
The author also notes the odd fact that BP agreed to cave in to Obama's financial demands in 20 minutes, unlike other companies that have fought tooth and nail for years and decades.
Let's hope this is all tinfoil hat stuff.