Monday, June 28, 2010

BP (NYSE:BP) Relief Wells and Storm Season

The storm season is rapidly approaching, and there are a number of ways this could disrupt the cleanup efforts of BP (NYSE:BP) as they battle the oil spill.

Most obvious is the attempt to capture as much oil as they can as it continues to spill into the Gulf of Mexico. Tropical Storm Alex, if it does move into the cleanup area, could disrupt the process for about two weeks.

But for the long term and more permanent solution, Alex, and other possible storms could cause the original time period to extend much longer as to how long before they permanently stop the leak.

As important as it is to keep the cleanup efforts going on the existing leak, it's even more important to stop the leak in its tracks.

Up to three tropical storms are projected to hit the Gulf region this season, and if each one were to stop efforts for two weeks, it could cause the relief wells to up to a month and a half to two months longer.

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