As the huge oil reservoir is depleted, the weight of the seawater will begin to collapse the seabed over top the reservoir of oil. This could be an area of 100 square miles or more. It could happen slowly or in an instant. It could be triggered by an earthquake or a fault line rupture.
I am sure the scientific think tanks have been told not to discuss this.
Take it from me, “NO SMOKE WITHOUT FIRE”...”THE HISTORY REPEATS ITS SELF”... the whole world is talking about double dip recession even worse this time, so it's coming... yesterday Finland announced that she entered into double-dip-recesssion (read BBC news and other reliable agencies, not yahoo who are hiding bad news as directed by politicians and because they are also part of game – the will be doomed along with the market) , Japan on the edge of collapse...who is next Uk then the rest of europe will follow then us in North America.... then the majority of investors particularly small investors will end up caught between the hammer and the anvil - bag holders as the market will stay down for at least 3-5 years.
I wish it wouldn't happen, but the numbers and news are extremely disappointing and give a bad signal that we have agonising and painful years coming ahead.
The market crash on 6TH is a signal that are heading to dow 8000 even lesser....it exactly resemble 1929. READ about it and educated yourself before you make a decision.
“After the crash, the Dow Jones Industrial Average (DJIA) partially recovered in November–December 1929 and early 1930, only to reverse and crash again, reaching a low point of the great bear market in 1932. On July 8, 1932, the Dow reached its lowest level of the 20th century and did not return to pre-1929 levels until November 1954.”
Remember that big stocks like BAC C AIG FNM etc – for instance Ford Fell from 8$ to 1.5 in just 7 sessions.”
One more thing don't ever ever believe politicians, and a word to the wise is enough.
Good luck and pray because we need it
you have problems my friend. The first is that you dont' know what the hell you are talking about. They pump liquid (water) in to help ease the oil out. This happens of course once the pressure is relieved. I love all of these instant oil field experts who don't know crap...
LMAO. Did Ixtoc collapse the seafloor and cause cataclysmic earthquakes? It flowed 30k barrels a day for 9 months until it practically just ran dry. What about the 1000s of other oil deposits that have been pumped dry w/o a media hyped incident? Are there craters in those places now?