Thursday, July 08, 2010

Gulf Oil

BP PLC is pushing to fix its runaway Gulf oil well by July 27, possibly weeks before the deadline the company is discussing publicly, in a bid to show investors it has capped its ballooning financial liabilities, according to company officials.

At the same time, BP is readying a series of backup plans in case its current operations go awry. These include connecting the rogue well to existing pipelines in two nearby underwater gas and oil fields, according to company and administration officials.

Much of the additional planning has been pushed by the U.S. government, which has urged BP to develop what one official called the "backup to the backup plan."

  WSJ

Let's get real and face it. There never was a backup plan. No company drilling in the sea has a backup plan. It's quite obvious from all the myriad 'plans' that have been drawn up in hasty attempts to fix the 'leak'. Nobody knows how to fix it. There never was a backup plan. Just like we have no backup plan for the possibility of disastrous radiation leaks from buried 'spent' nukes. Nobody knows how. Nobody cared. There was big money to be made. Does anybody care yet?

The political and commercial morals of the United States are not merely food for laughter, they are an entire banquet. --Mark Twain

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