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On Mon, 31 May 2010 22:15:12 -0700, jps wrote:
If a major storm rolls in, the relief well operations would have to be suspended and then re-started, adding more time to the process. Plugging the Ixtoc was also hampered by hurricane season, which begins Tuesday and is predicted to be very active. It really doesn't take any time to suspend operations. Perhaps, a day to suspend operations and a day to restart. I'd be more concerned about the hurricane churning up the oil laden Gulf, and spreading that oil to parts it hasn't been to yet. Oil booms don't work very well in a hurricane. |
Good oil news
On 6/1/10 6:47 AM, thunder wrote:
On Mon, 31 May 2010 22:15:12 -0700, jps wrote: If a major storm rolls in, the relief well operations would have to be suspended and then re-started, adding more time to the process. Plugging the Ixtoc was also hampered by hurricane season, which begins Tuesday and is predicted to be very active. It really doesn't take any time to suspend operations. Perhaps, a day to suspend operations and a day to restart. I'd be more concerned about the hurricane churning up the oil laden Gulf, and spreading that oil to parts it hasn't been to yet. Oil booms don't work very well in a hurricane. UPDATE 1-BP says spill costs hit $990 million Tue Jun 1, 2010 2:57am EDT Stocks LONDON June 1 (Reuters) - The financial cost of tackling the oil spill in the Gulf of Mexico, the worst in U.S. history, now stands at $990 million, BP (BP.L) said on Tuesday as it prepared for a new attempt to control the flow of oil this week. London-based BP will try to place a containment cap on top of a lower marine riser package (LMRP) later this week after two previous attempts to plug or contain the well failed. [ID:nN01262229] The company cautioned that the time frame for deployment of the LMRP cap could be delayed as the catastrophe enters its 43rd day and the hurricane season starts officially on Tuesday. BP said it continues to drill two relief wells as part of a longer term plan to control the leak, and that drilling at a second well had resumed on May 30 after a temporary suspension. The wells are expected to be completed in August. The total financial cost of the response in the six weeks since a rig explosion killed 11 workers and unleashed oil from a well head one mile (1.6 km) down stands at $990 million, up from a $930 million estimate on May 28, BP said. - - - Well, doesn't BP pull in something like $6 billion a quarter in profit? It's got the cash to pay for all the damage its carelessness and incompetency will cause, to the penny, and then it should be fined a few billion more, to be put into a reserve fund to help defray the costs of unanticipated losses in the impacted area. And then, hopefully, criminal charges will be lodged against the senior execs and board of directors. -- The Tea Party's teabaggers are just the Republican base by another name. |
Good oil news
On Tue, 01 Jun 2010 07:07:19 -0400, hk wrote:
Well, doesn't BP pull in something like $6 billion a quarter in profit? It's got the cash to pay for all the damage its carelessness and incompetency will cause, to the penny, and then it should be fined a few billion more, to be put into a reserve fund to help defray the costs of unanticipated losses in the impacted area. And then, hopefully, criminal charges will be lodged against the senior execs and board of directors. I heard someone estimating the total costs to be $20-25 billion. That's just straight costs. If it goes criminal, times two damages could apply, plus any fines. The *******s will be getting off cheap. It will be years before the Gulf comes back. |
Good oil news
"thunder" wrote in message t... On Tue, 01 Jun 2010 07:07:19 -0400, hk wrote: Well, doesn't BP pull in something like $6 billion a quarter in profit? It's got the cash to pay for all the damage its carelessness and incompetency will cause, to the penny, and then it should be fined a few billion more, to be put into a reserve fund to help defray the costs of unanticipated losses in the impacted area. And then, hopefully, criminal charges will be lodged against the senior execs and board of directors. I heard someone estimating the total costs to be $20-25 billion. That's just straight costs. If it goes criminal, times two damages could apply, plus any fines. The *******s will be getting off cheap. It will be years before the Gulf comes back. Yeah but...Froggy says it's no big deal! |
Good oil news
On Jun 1, 6:07*am, hk wrote:
On 6/1/10 6:47 AM, thunder wrote: On Mon, 31 May 2010 22:15:12 -0700, jps wrote: If a major storm rolls in, the relief well operations would have to be suspended and then re-started, adding more time to the process. Plugging the Ixtoc was also hampered by hurricane season, which begins Tuesday and is predicted to be very active. It really doesn't take any time to suspend operations. *Perhaps, a day to suspend operations and a day to restart. *I'd be more concerned about the hurricane churning up the oil laden Gulf, and spreading that oil to parts it hasn't been to yet. *Oil booms don't work very well in a hurricane.. UPDATE 1-BP says spill costs hit $990 million Tue Jun 1, 2010 2:57am EDT Stocks LONDON June 1 (Reuters) - The financial cost of tackling the oil spill in the Gulf of Mexico, the worst in U.S. history, now stands at $990 million, BP (BP.L) said on Tuesday as it prepared for a new attempt to control the flow of oil this week. London-based BP will try to place a containment cap on top of a lower marine riser package (LMRP) later this week after two previous attempts to plug or contain the well failed. [ID:nN01262229] The company cautioned that the time frame for deployment of the LMRP cap could be delayed as the catastrophe enters its 43rd day and the hurricane season starts officially on Tuesday. BP said it continues to drill two relief wells as part of a longer term plan to control the leak, and that drilling at a second well had resumed on May 30 after a temporary suspension. The wells are expected to be completed in August. The total financial cost of the response in the six weeks since a rig explosion killed 11 workers and unleashed oil from a well head one mile (1.6 km) down stands at $990 million, up from a $930 million estimate on May 28, BP said. * - - - Well, doesn't BP pull in something like $6 billion a quarter in profit? It's got the cash to pay for all the damage its carelessness and incompetency will cause, to the penny, and then it should be fined a few billion more, to be put into a reserve fund to help defray the costs of unanticipated losses in the impacted area. And then, hopefully, criminal charges will be lodged against the senior execs and board of directors. -- The Tea Party's teabaggers are just the Republican base by another name. Speaking of criminal charges, Krausie, did you ever deny that the Harry Krause convicted in Florida of felony child sexual abuse was you? |
Good oil news
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Good oil news
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Good oil news
"thunder" wrote in message t... On Tue, 01 Jun 2010 07:07:19 -0400, hk wrote: Well, doesn't BP pull in something like $6 billion a quarter in profit? It's got the cash to pay for all the damage its carelessness and incompetency will cause, to the penny, and then it should be fined a few billion more, to be put into a reserve fund to help defray the costs of unanticipated losses in the impacted area. And then, hopefully, criminal charges will be lodged against the senior execs and board of directors. I heard someone estimating the total costs to be $20-25 billion. That's just straight costs. If it goes criminal, times two damages could apply, plus any fines. The *******s will be getting off cheap. It will be years before the Gulf comes back. Fortunately for BP, that's about 1 year's worth of profit. |
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