Thursday, July 15, 2010

Government Gives OK on BP (NYSE:BP) Cap Test

A day after the U.S. government told BP (NYSE:BP) to hold back on testing the new containment cap until questions were answered, they've now given the go ahead for BP to proceed with the tests.

It does make you wonder what the government was doing over the last week or so, as they should have been asking questions before the process began, not wait until BP was in the middle of the process. How hard would it have been to do that?

Concerns were over the testing of the oil well, and whether that could make things worse or not if it failed.

Evidently BP has successfully answered those concerns, and National Incident Commander Thad Allen said they've been given permission to go forward.

BP said it'll take about 48 hours to complete the test to see if it is working properly or not.

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