Lanky Livingston
Guest
Very sad news. And with the oil entering the LA wetlands, this is only going to get worse. Say goodbye to seafood as we know it - Louisiana produces about 1/3rd of what we eat - not to mention the thousands of jobs that will be lost, and the billions of dollars in revenue.
BP is in deep doo-doo. If you have stock, I'd sell it as fast as humanly possible.
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BP is in deep doo-doo. If you have stock, I'd sell it as fast as humanly possible.
BP PLC has abandoned an attempt to plug a mile-deep oil and natural-gas gusher in the U.S. Gulf of Mexico by injecting thousands of barrels of drilling fluid and will now try a new method to contain the flow of hydrocarbons.
The Final Moments
BP Saturday said the company's "top kill" attempt to plug the leak caused by the explosion of its Deepwater Horizon rig, the worst oil spill in U.S. history, was not successful and it is now considering other methods to plug the leak.
"We have been unable to overcome the flow from the well," BP Chief Operating Officer Doug Suttles, said Satursday in a news briefing. "We now believe it is time to move on to the next of our options," he said, adding it wasn't clear exactly why the procedure called a top kill, started on Wednesday, failed to stem the flow of oil and gas. The decision to give up on the top-kill attempt was made late Saturday afternoon after consultation with U.S. Secretary of Energy Steven Chu and Interior Secretary Ken Salazar.
Engineers will now try to contain the flow of oil from the leak with a so-called lower marine riser package, or LMRP, cap. This operation would involve removing a broken drilling pipe, or riser, that lies atop the failed blowout preventer and cap the valve with a siphon that will take the oil to the surface.
Mr. Suttles said the LMRP-cap procedure would take four to seven days. The LMRP cap is a newly made version of a type of device referred to as a top hat.
"The next thing to do is to capture all of the flow or as much of the flow as we can," he said, adding BP "has a lot of confidence" in the LMRP cap, but couldn't guarantee success. "We believe the LMRP cap has the potential to capture the great majority of [the leaking oil]," if it works. Mr. Suttles declined to give a percentage probability that the new containment effort would succeed, noting that nothing like this had been attempted at 5,000 feet below the surface of the sea. BP had previously said it gave the now-failed top-kill procedure a 60%-70% chance of success.
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