The sudden decision of BP to cap the well after telling us that nothing could be done until the relief wells were completed in August came as a surprise to me. Supposedly, there was no technology to cap a leak at this psi.
BP shares rose 9 percent with the news of the cap and their possible sale of assets in Alaska.
Admittedly, I am a little skeptical of anything BP says or does. BP denied the existence of other plumes despite the photographs, video footage and expert eyewitness testimony. Theoretically, the capping would increase the pressure on the sea floor cracks and the psi of the oil that forms two other plumes leaking into the sea floor. (BP denies the existence of any other oil to minimize the fines and damages.) I also question James Cameron's relationship with BP. Who better to fake the video footage? I can imagine some government bureaucrat telling him that we must do this for national security reasons because if BP fails, the markets will collapse and chaos will reign supreme. We cannot tell people the truth because they would panic (or take vigilante action against all of those responsible a la Steven Segal), so to protect the world, BP has to fake a video. It's not like this "Wag the Dog" event hasn't been done over and over. Remember the overweight, no-neck, flat-nosed, gold wearing, right-handed Osama bin Laden tape?
I watched the video with the afore-mentioned bias. Check it out for yourself.
This does not look real. You would expect more movement of the cap as it crosses over this plume. I would expect to see oil escaping from underneath the cap (which is smaller than the cement dome used in the top kill and theoretically less stable) spilling out from underneath until it was lowered completely.
I searched for "CNN fake video BP oil cap" and came up with this video. It's not of the cap, but interesting nonetheless.
Maybe I am too jaded and too ignorant on the mechanics of this operation, but something seems fishy here, and it's more than the decomposing bodies of the oil-covered marine life. When people finally understand the environmentally severity of the blowout and that BP does not have the funds to pay for the cleanup and the damages, their stock will tank and that will be the beginning of the market collapse. Banks will collapse when people abandon their houses and businesses in the Southeast, the cost of food production will increase, and credit will dry up. When this happens and pensioners no longer have any income coming in, global revolution will begin. It's not just an economic collapse - the long term effects of this disaster may well herald the end of the nation-state system as we know it. What happens when the oil hits Europe and changes the warming effects of the Gulf Stream? (Is it any wonder BP is selling its North Sea assets? If the blowout changes the Gulf Stream, the North Sea might be permanently frozen, making drilling operations impossible.)
On June 15th, Washington's Blog posted, "BP admits that if it tries to cap the leak, the whole well may blow"
Check out 7:58 seconds into the video.. Listen to Doug Suttle's response about the casing of the well and why BP cannot cap it completely. The report ends with the relief wells being the only option. What changed? How is the well contained without compromising the integrity of the well?
UPDATE: Good news for BP. Now they can claim that all the new oil is not theirs. A nice little scapegoat for them. But I'm not cynical or anything like that.