Thursday, July 15, 2010

BP Claims Oil Flow Stopped

As of 2:25pm CST BP claims the oil gushing from the Deep Horizon disaster has been slowed almost to zero.  Supposedly the new arrangement will allow for them to siphon off all the oil being released (as of today that is $76 per barrel and it is estimated 60,000 barrels per day so that's around $4.5 million per day of income to offset the billions of damage) if the well is fractured and they have to relieve pressure while they complete the relief wells.  If the pressure goes up and stays there they will seal the well for now.  The well will not be completely contained until the relief wells are finished and the well is filled with concrete.  Let's just hope it's not Haliburton that is in charge of the cement this time.