Thursday, July 22, 2010

BP (NYSE:BP) Effort to Permanently Stop Leak Threatened by Storms

BP (NYSE:BP) again finds itself under the threat of Gulf storms, as the effort to stop the oil leak permanently could be hindered again if storms are unleashed in the region.

If a storm does come, BP would have to move its ships from the area, keeping them from observing the well, but it would still remain capped, assuming everything goes well for during that time.

Weather forecasters give the storm about a 60 percent chance of turning into a tropical storm by Friday. Even so, it is weakening as it approaches other countries in the Gulf.

If it does drive BP out of the area, the government may have them open the cap to relieve pressure in order to prevent the cap from causing any major underground leaks while a storm is in the region and observation is impossible.

1 comment:

Anonymous said...

There is no way the gov't would order them to remove the cap and let the oil spill uncontrolled for days.

Anyone who believes so has no grip on reality - can you imagine the headlines: "Gov't orders BP to flood gulf with oil".

Time for a reality check.