In another instance which seems to point to BP (NYSE:BP) always having something else in mind besides using the relief wells for the "bottom kill," which would be a guaranteed permanent sealing of the oil well.
When asked about this by federal investigators looking into the causes of the explosion on the Deepwater Horizon oil rig, BP Senior Vice President Kent Wells skirted around the issue and didn't commit to anything.
Wells said, there are "multiple options" to stop the flow of oil and the relief wells are "the ultimate backup if everything else fails."
Some think this represents a behind the scenes battle between government point man Thad Allen and BP, but if you've followed this story, Allen had been speaking in similar terms not that long ago.
I think all parties involved want to be able to extract the remaining gas and oil in the well to help pay for the liabilities incurred by the spill.
It seems they're hoping as the process advances that people will be more open to having that be the case, as it makes sense to do that and not waste the resource because of the bad circumstances surrounding it.
6 comments:
So, thats what you think not what theyve said. It amazes me how much speculation is around at the moment. Talk about complete rubbish !
Complete Rubbish indeed.
I've never heard such crap.
Google need to sort their system out and filter out these blogs.
"I think all parties involved want to be able to extract the remaining gas and oil in the well to help pay for the liabilities incurred by the spill."
This company makes more per year than the joke of a fund set aside to pay the liabilities. It has a multiple-hundreds-of-billions dollar market cap. The idea that they're excusing the typical BP penny-pinching of sacrificing safety and environmental concerns to squeeze some extra oil out of this well by claiming that it will help to pay for the spill is appalling, but not at all surprising.
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