Saturday, May 29, 2010

BP (NYSE:BP) Top Kill and Live Feed of Oil Spill

As many people watch with hope the live video feed of the Gulf of Mexico oil spill, BP (NYSE:BP) says it has yet to stop the flow of oil into the Gulf, and are looking at alternative measures if it doesn't plug up soon.

BP has said from the beginning that the "Top Kill" has a 60 percent to 70 percent chance of succeeding, and the longer time goes on, the more it seems they aren't going to be successful with the attempt.

COO Doug Suttles said that at this time the "Top Kill" and "Junk Shot" haven't stopped the oil flow yet, and the company is preparing its next option of attempting to cap the well if that doesn't work.

While there is still an outside chance the Top Kill could still work, it's beginning to look like it's only a remote possibility at this time.

1 comment:

Anonymous said...

read BP paused the live feed yesterday for 16 hours and told noone!

The Pres. Ordered BP to have live feed and they ignored the Pres. order.

Mr Pres. Obama, who is in charge of America? you or the oil companies?