Showing posts with label Tropical Storm Bonnie. Show all posts
Showing posts with label Tropical Storm Bonnie. Show all posts

Friday, July 30, 2010

Bobby Jindal Wants BP (NYSE:BP) Cleanup in Local Hands

In what was defined as a "contentious" meeting with federal officials, Louisiana governor Bobby Jindal said he wants priorities for the BP (NYSE:BP) oil spill cleanup to come from the bottom up, and not from the top down.

Jindal defined what he was talking about, saying, "What we suggest is that they allow each parish to come up with their own detailed plan, parish by parish."

Some of this came from the typical ineptness of the federal government and its multi-layered bureaucracy, which in the recent case of Tropical Storm Bonnie, evidently removed booms and other equipment used to fight oil far too soon before the storm hit the area, according to parish presidents.

This was where a lot of the contention in the meeting revolved around, that the local and regional people in the area now what's best for them, and not the federal government.

Jindal is right in his suggestion. Each region does know what's best for them, and they're the ones with everything at stake. That makes them think through their decisions and the reasons behind it much more efficiently, thoroughly and accurately, than their federal counterparts.

Federal government front man Thad Allen, evidently wouldn't have none of that, rather stating the many government agencies would cooperate closely and "jointly" work on cleaning up the coastal areas.

Friday, July 23, 2010

BP (NYSE:BP), Exxon (NYSE:XOM), Anadarko (NYSE:APC), Shell (NYSE:RDS-a), Chevron (NYSE:CVX), Marathon Oil (NYSE:MRO) Pulling Workers from Gulf

With Tropical Storm Bonnie due to hit the Gulf region Saturday, BP (NYSE:BP), Exxon (NYSE:XOM), Anadarko (NYSE:APC), Shell (NYSE:RDS-a), Chevron (NYSE:CVX) and Marathon Oil (NYSE:MRO) are pulling all non-essential workers from the area.

In the case of BP, that will interrupt the drilling of the relief well, which is close to being completed, and operations to permanently seal the Macando oil well near at hand.

The containment cap will remain in place, although monitoring of it will be put on hold. It seems to have held solidly, and shouldn't pose a problem while the storm passes through the area.

If it picks up in strength, which is possible when it hits the warmer waters, more workers could be evacuated from the Gulf.

BP (NYSE:BP) Vessels to Evacuate Area Later Friday

Tropical storm Bonnie has hit the south of Miami in Florida, with winds topping off at about 40 miles an hour. It is headed in the direction of the BP (NYSE:BP) cleanup zone, where it is possible they'll have to evacuate most the drilling ships and other vessels from the area some time today.

Expectations are it'll hit the Marcondo oil well cleanup zone on Sunday.

According to government representative and former U.S. Coast Guard Admiral Thad Allen, it'll probably leave the area without supervision for about two days at most. He said at a briefing with reporters, "If we have to evacuate the scene we're probably looking at a very limited window - probably 48 hours."

That is good news in general, as it was thought it could have been a two-week period rather than two-day period that tropical storm would affect the area.

During the time they're gone, no eyes will be able to see what is happening in reference to the containment cap, which has been given the go ahead to remain in place indefinitely by government officials.

Once Bonnie starts to travel across the Gulf, it is expected the warm waters will cause it to pick up wind speed. It is traveling at close to 18 miles an hour at this time.

BP (NYSE:BP): Jindal Declares State of Emergency as Bonnie Approaches Gulf

In light of the second named storm of the season, Tropical Storm Bonnie, heading toward the Gulf, Louisiana Gov. Bobby Jindal has declared a State of Emergency, as fears mount much of the cleanup work done to this point in the region could be threatened.

Concerns are the tropical storm will become a hurricane, as warm waters can cause that to happen when they meet.

Either way, the drilling on the relief well will stop, and boats taken from the area for safety.

The threat isn't so much to the well, unless something happens which can't be monitored during the storm, which is highly unlikely, now that BP has been cleared to keep the containment cap on. More threatening is the potential damage it could do to the shorelines, where oil from the past storm, Alex, more than doubled along the shorelines after it left the area.

Wind direction is expected to come from the southeast and east, which would drive the oil right into the shoreline of Louisiana.