Posted on 05/09/2010 8:43:09 AM PDT by SeekAndFind
BP PLC could now be spending as much as $10 million a day on the clean up of its oil well leak in the Gulf of Mexico, BP Chief Executive Tony Hayward said in a report in the Sunday Telegraph.
The amount is significantly higher than the original $6 million a day revealed last week.
Hayward has also ordered a complete safety overhaul of all the oil giant's rigs after admitting that a cut-off valve known as the "blow out preventer" had fundamentally failed on its stricken Deepwater Horizon drilling rig, which was destroyed in an explosion last month.
Hayward said that he expected regulators to put in a series of new safety measures in the Gulf of Mexico and elsewhere following the explosion on the rig which killed 11 workers and has led to fears of an oil slick destroying the area's delicate ecosystem.
The new regulations will almost certainly increase costs of drilling in the area, the report said.
(Excerpt) Read more at marketwatch.com ...
Pocket change.
“The new regulations will almost certainly increase costs of drilling in the area,”
Let ‘em drill in shallower waters, not mile deep water.
Can’t wait to see what this comes to in $/gal for us!!
That’s about a week and a day with the $75 mil cap.
Gross understatement!
i was wondering why bp’s arco gas went up the other day.
Below is an image of the flight path my son did yesterday over the oil in the Gulf of Mexico. You can see he departed from the airport in Mobile, and went over the outer eastern islands of Louisiana, proceeded to the site of the actual tower, circled it, and returned to the Mobile airport. I've merged a few photos to give you an idea of the aircraft, sensor location, and interior. Results of this imagery have been some of the finest detail, and resolution on this mess currently available. The results of the flight have been released to the various news media. Son's wife said she saw it was running on CNN & Headline News.
Check out a different video on the address I put into the image - or click here - to see what the capability of this imaging system is.
FLIR imagery via sensors is gyro stabilized.
Here is an economical solution for the oil clean-up.
Cheap, and it will work...
http://www.youtube.com/watch?v=k5SxX2EntEo
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