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oops. Hopefully it gets sorted... Meanwhile the panhandle of Florida is starting to feel it.
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BPs latest effort to stem the gush of oil into the Gulf of Mexico has stalled. The cut-and-cap procedure has hit a snag today because their saw is stuck in the thick pipe of the blown-out oil well.
The main goal right now is to free the saw and be able to complete the cut later today. This effort is a containment effort on BPs part -- it will not plug the well. The relief well that is in progress is the best hope for plugging the well for good, and it wont be finished until August.
The cut BP is making in the pipe has to be very smooth because the cap needs to be tight fitting. If the cut isnt good enough, then the cap will not fit as tightly, which will not contain as much of the oil as they would like to contain. The cut-and-cap could increase the flow by as much as 20% temporarily. So far, the effect is unknown.
There is now oil spilling out of the new cut while the saw is stuck in the pipe. It is possible that a second saw will have to be lowered to the site.
Unfortunately, oil is drifting closer to Florida today as well. The white sand beaches may soon be marred by ugly, sticky oil. Investors are practically fleeing BP stock today as well. Plus, there is a criminal and civil investigation into the GP oil spill in the Gulf Coast.
I am actually a little scared that BP stocks will lose so much that there wont be any money to clean this mess up. Surely that cannot happen. I dont totally understand how these things work.
I hope that the cut-and-cap is successful. Maybe then the mess will at least slow down considerably.
Source: MSNBC
Copyright: Kate James June 2, 2010
http://news.gather.com/viewArticle.action?articleId=281474978274375
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BPs latest effort to stem the gush of oil into the Gulf of Mexico has stalled. The cut-and-cap procedure has hit a snag today because their saw is stuck in the thick pipe of the blown-out oil well.
The main goal right now is to free the saw and be able to complete the cut later today. This effort is a containment effort on BPs part -- it will not plug the well. The relief well that is in progress is the best hope for plugging the well for good, and it wont be finished until August.
The cut BP is making in the pipe has to be very smooth because the cap needs to be tight fitting. If the cut isnt good enough, then the cap will not fit as tightly, which will not contain as much of the oil as they would like to contain. The cut-and-cap could increase the flow by as much as 20% temporarily. So far, the effect is unknown.
There is now oil spilling out of the new cut while the saw is stuck in the pipe. It is possible that a second saw will have to be lowered to the site.
Unfortunately, oil is drifting closer to Florida today as well. The white sand beaches may soon be marred by ugly, sticky oil. Investors are practically fleeing BP stock today as well. Plus, there is a criminal and civil investigation into the GP oil spill in the Gulf Coast.
I am actually a little scared that BP stocks will lose so much that there wont be any money to clean this mess up. Surely that cannot happen. I dont totally understand how these things work.
I hope that the cut-and-cap is successful. Maybe then the mess will at least slow down considerably.
Source: MSNBC
Copyright: Kate James June 2, 2010
http://news.gather.com/viewArticle.action?articleId=281474978274375