My partner over at Newshoggers, Ken Anderson, told us about a worse case scenario here but is there an even worse worse case scenario?  At Energy and Capitol Christian A. DeHaemer presents us with one.

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.

BP has been unwilling to release the mudlogs which would make it possible for those outside the company to evaluate the situation.  Is it because they know it will show just how dangerous the situation is?  And why did BP capitulate on the on the 20 billion dollar escrow account?  DeHaemer:

I don’t know… Maybe I’m wearing my tinfoil hat too tight this
morning… But this stuff seems possible — if it’s only a worst case
scenario.

What strikes me as odd is the way the leadership of BP and the Obama
administration is acting.

BP is running around apologizing to everyone they can find. Obama
says give us $20 billion in escrow and $100 million for the people Obama
put out of work on the oil rigs due to his six month ban — and BP says,
“Sure thing mate, no problem.”

And all of this in a 20-minute meeting?

I’ve been dealing with oil companies for a long time and it just
doesn’t add up…

Contrast it, for instance, with the Exxon situation in Alaska or the
Union Carbide disaster in India.

Exxon fought tooth and nail for its shareholders; it appealed court
rulings for 19 years. Union Carbide wasn’t settled for 25 years.

BP is rolling over like a simpering dog. Why?

The only reason I can think of is that the company knows — better if
not as well as the Obama administration does — that it will get worse.

Much worse.

Ron can also be found at Newshoggers