BP accused of downplaying amount of gushing oil

AlJazeeraEnglish — June 20, 2010 — A US congressman has accused BP of playing down its concerns about the volume of oil gushing into the Gulf of Mexico.

Representative Ed Markey, the chairman of a subcommittee of the House Energy and Commerce Committee, released an undated, internal BP document, which estimates a worst-case scenario oil flow of 100,000 barrels (15.9 million litres) of oil per day.

"Right from the beginning, BP was either lying or grossly incompetent," Markey told NBC's Meet the Press programme.

"First they said it was only 1,000 barrels, then they said it was 5,000 barrels."

The current upper limit of the US government's estimate is 60,000 barrels per day.

Toby Odone, a spokesman for the British-based energy giant, said the worst-case estimate applied only to a situation in which a key piece of equipment called a blowout preventer was removed.

"Since there are no plans to remove the blowout preventer, the number is irrelevant," he said.

Al Jazeera's Rosiland Jordan reports.

Outrage as BP CEO Spotted at Yacht Race

Outrage as BP CEO Spotted at Yacht Race
June 20, 2010 (2:45)
BP CEO TOny Hayward is again the subject of intense criticism after the revelation he attended a yacht race 4,500 miles away from the Gulf of Mexico.

BP OIL spill update with Captain Kelly Sweeny and Economic update

Captain Kelly Sweeney is a Master Mariner, holding the highest Captain's license the Coast Guard issues to commercial mariners. He graduated from the California Maritime Academy in 1983 with a Bachelor of Science degree in Nautical Industrial Technology. Captain Sweeney has worked on oil tankers, container ships, oceanographic ships, high-speed passenger vessels, large oil spill response vessels, fish processing ships, ocean-going tugboats, a car carrier, and a crew boat. He continues to go to sea for a living.

In addition to his career as a mariner, Captain Sweeney is also an experienced professional writer. He is a columnist for the widely circulated magazine "Professional Mariner," and is the author of the book From The Bridge.

With his wife, Frances, Captain Sweeney also operates Maritime Headhunters, a job placement and maritime career counseling company - and encourages interested Coast to Coast AM listeners to contact him there."

Gold peaks at $1263 - Robby Noel vs CNBC Jun 18 2010

CNBC maintains that Gold is in a bubble

CNBC maintains that Gold is in a bubble. Robby says CNBC is a worthless financial channel.

Gold peaked at $1263 but settled at $1257.
Silver peaked at $19.30 but settled at $19.19.

Robby maintains that the media is not focusing enough on the financial crisis. Caller mentions having difficulty trying to talk to friends about Zionism.

Robby explains when he was on the American Freedom Network and he did a interview with James Dobson. Robby questioned why were we going to war and alienated some people back then. Robby mentioned the manipulation during the first Gulf War where the media bought out that princess who said that Saddam was killing babies. Suddenly people were for the war.

Robby gives a background on how he came to realize Christian Zionism is a problem. He will be giving a announcement soon about when he will go back to South Africa.

Bob Chapman : Every major Bank in The US and Europe is Broke

Bob Chapman on The Sovereign Economist 16 June 2010

From The International Forecaster of the 16th June 2010 : "US banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in each others notes perpetuate what one regulator calls a downward spiral of losses. The cross-ownership, largely unnoticed by bank supervisors who generally discourage the practice, was made possible by a Wall Street innovation like the ones that allowed subprime mortgages to flourish. Small lenders were able to sell trust-preferred securities, known as TruPS, because investment bankers packaged them with those issued by dozens of other financial institutions."



Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt