I think most people will agree that Deepwater Horizon is a tragedy and an environmental disaster. Not only did eleven rig workers lose their lives, the environment in the gulf has been severely impacted in a negative way, and will be for a substantial amount of time to come. The multi-billion dollar fishing industry in the gulf has been crushed, and as of this moment in time, oil is still leaking. The American people — and to some extent the rest of the world — are growing pretty restless about this and I think a lot of people want someone to blame.

There is a common train of thought about this that bothers me. I see it a lot in casual discussion, forums, Facebook, etc. and other places where serious objective thinking sometimes takes a backseat to emotional venting. It more or less goes something like this: “BP is a big evil corporation because they make a lot of money! They don’t even care about the environment, they want oil to spill! That’s why they haven’t stopped it yet!”

Rest assured, I can almost guarantee that not a single soul at BP or Transocean actually wants oil to spill. It’s true that corporations exist primarily to create value from which they can profit, but I sincerely doubt anyone plainly doesn’t care if oil is spilled. I think it’s reasonable to assume that some key people in a company got so caught-up in increasing profits, they cut corners, and an accident happened. An accident that has cost BP at least twenty billion in a escrow fund to mitigate and reverse environmental and economical damages to the gulf, and cost around half of the company’s market capitalization. This amounts to the order of $120 billion. That’s a lot of cash, so it makes sense that the shareholders, and employees of BP don’t like it happening. Not to mention the PR disaster this leaves for the company.

Another thing people tend to disregard is how difficult it is to actually do work at such extreme depths. OurAmazingPlanet has a great infographic to put things into perspective. For those too lazy to click: it’s really deep. It’s also really cold, there is minimal light, and sub-sea currents are constantly jostling everything around. Delicate work has to be done with remote underwater robots, and trying to hoist or lower any kind of payload, such as a containment cap, is pretty difficult to do when you’re a crane operator literally a mile away. It takes immense amounts of engineering effort to coordinate an operation like that.

To the people who are saying “I don’t get why Obama doesn’t just fix it!” Well, Obama certainly doesn’t know much about oil extraction and deep-water operations. It’s not like he can just throw on some SCUBA gear and plug the hole with a big rubber stopper. If anyone is most qualified to create a plan to stop the leak, it will be someone who is familiar with the environmental conditions at those depths, and with deep-water oil extraction. Likely a BP engineer. See above for why this is difficult.

On a similar note, BP CEO, Tony Hayward isn’t going to single handedly stop the leak either. And unlike others, I don’t think Tony Hayward should be fired. In fact I think he should actually receive a healthy bonus for the work he’s put in. The guy is working around the clock trying to keep things under control, this is a PR disaster for BP, and Mr. Hayward is getting the blame even though it’s clear he wasn’t even a part of the decision-making process involving the blowout preventer. I’d wager that right now he’s working harder than any previous BP CEO has before him. Contrary to what a lot of people would like to believe, Mr. Hayward was likely never presented with a situation like the following:

Engineer: “Mr. Hayward, we think there might be a problem with the blowout preventer, should we just ignore it and try to suck more oil outta’ the well?”

TH: “As the Americans say, ‘Drill Baby Drill!’”

Those are more or less the main points I wanted to touch on. As a closure to this post, I made a Google SearchStories video (Brilliant marketing from Google, by the way). It’s not my intent to undermine or downplay the seriousness of the situation, but it’s also important in life to be able to just take a step back and shake our heads and laugh at the situation, as difficult as it may be.

There is a lot of money to be made in Oil. It’s funny (maybe). Enjoy:

Man, oh man I have been busy. I started my own electronics design company!

Check it out: www.volcanoproductdesign.com

Be one of the first ten to comment this post and they’re yours!

The most annoying nuisance of the system is, by far, wire gauges. For example: A big wire is, say, .5 AWG (american wire gauge) whereas a small wire is maybe 36 AWG. Does it seem completely ridiculous to anyone else that thicker wires have smaller numbers? Yes? good. Now lets say I want to go REALLY big. Like, you know, bigger than zero… guess what bigger than 0 is. Nope, wrong. It’s 00. Going bigger than 00 is 000, then 0000 (see where this madness is going?). To make things easier, you write 00 as 2/0,  000 as 3/0, etc. and pronounce these as “two aught”, “three aught”, etc. After 4/0 it switches completely to a different system. Yeah. You heard me.

From Wikipedia: (shut up, it’s a valid source)

In the North American electrical industry, conductors larger than 4/0 AWG are generally identified by the area in thousands of circular mils (kcmil), where 1 kcmil = 0.5067 mm². A circular mil is the area of a wire one mil in diameter. One million circular mils is the area of a cylinder with 1000 mil = 1 inch diameter. An older abbreviation for one thousand circular mils is MCM.

Well, gosh.

Wait. Lets say I need a very specific diameter of wire. If I’m a brilliant American, I’d just go to my handy equation for AWG using diameter…

Simple!

.. wait.. what? Log base 92. Are you kidding me? Who the hell thought this crap up? Someone had better have lost their job over this.

However, If I go to the magical land of Metric, I’m sure they have a similar system… I mean.. it doesn’t get much more simple than AWG. There really can’t be that much room for improvement. Logarithms just seem so…. intuitive..

The Metric System

In metric-land, the gauge of wire is just given in cross sectional area (mm²). You know, so you could say things like “I need a 1 mm² wire”. Wow! simple! You could even use an equation you learned how to do in grade school, A = πr², to figure out this humdinger.

So what’s the catch? You have to be a terrorist, or look like this guy to use it.

Metric System User

Can we please just switch already? Who’s on board with me?

Obligatory google street-view link.

*edit*

Here is the “before” video…

At least all my other stocks are back up now…

You’re probably thinking to yourself “this guy is nuts, the recession is supposed to keep going until like 2010 or something, and I’m still poor. This doesn’t add up.” That’s where you’re wrong, my friend. Here’s how I fixed everything for a low low price of $3000. That’s right. The entire US economy for only three thousand dollars.

Before I go ahead and give everything away, I need to give you guys some background information. Namely, this — I can’t make money in the stock market. No, really. It’s impossible for me. No matter what I buy, the value is guaranteed to go down. Guaranteed! I’m pretty amazed, but I know this isn’t just bad luck. This is Murphy’s Law at work.

I decided to put the law to work for everyone else, at my own sacrifice. Here’s how it worked. I bought $3000 worth of SDS. It’s a short S&P500 ETF. That means It’s value increases when the S&P500 goes down, and decreases when the S&P500 goes up. Since the S&P500 is a pretty good measure of how much money is in the market, I decided if this goes back up, it will end the recession. People will see that investors are investing again, the credit market will start flowing, and all will be good. So, I used Murphy’s Law to my advantage. Well, to your advantage I guess. I bought SDS when it was at 116.63.

Now, lets think about this. The S&P500 was around 675 at the time. If it ever went lower, I’d be making money. We all know that can’t happen. So what’s left for the market to do? That’s right. It has to go up. As long as I own these shares of SDS, the market will never dip below 675. I promise. There is no possible way that I can make money on anything, so that pretty much means we’ve hit the bottom, and the bottom is 675.

So go ahead and throw your cash into any stock you want! It’ll probably make money. All it has to do is just match market performance. I promise I’ll hold these shares of SDS and just allow myself to lose it all. Really.

If I ever decide to sell them, I’ll let everyone know. Because, right after I sell them, the market will crash and their value will skyrocket. As for now, buy buy buy! It’s only up from here!

Click Here to check out the market. If you see the S&P500 below 675, the world has ended.

Stay tuned.