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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
Why do you think it seems like they're more concerned about collecting the oil? You do realize the oil they collect they're burning right? Furthermore, BP has seen about a 100 billion dollars of market cap wiped out because of this mess, do you really think they're not concentrating all their efforts to solve this mess?
No, I did not know that they were burning off the collected oil. I thought they were gonna refine and sell it.
At this point, it looks like BP has given up on stopping the leak. Instead, they will rely on one or more relief wells, which won't be ready until August. Meanwhile, oil will continue to leak - some of which they will be able to collect. That doesn't really sound like an immediate solution to the leaking problem... Then again, an immediate solution just might not exist!
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__________________ Do Not Put Aftershave on Your Balls. -604CEFIRO Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E kinda off topic but obama is a dilf - miss_crayon Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
Unable to process and store all of the hydrocarbons flooding up from an undersea well, BP PLC will begin using a ship to burn off some of the leaking oil as early as next week.
The company is fitting a mobile drilling vessel known as the Q4000 with an oil-burning device that will allow it to flare both natural gas and up to 10,000 barrels per day of oil.
“What we’re concerned about is making sure that oil doesn’t hit the water,” said Admiral Thad Allen, the U.S. national incident commander for the massive Gulf of Mexico spill.
Just over 15,000 barrels per day of crude is currently being collected on a different vessel, the Discoverer Enterprise, which the U.S. Coast Guard now says is capable of processing up to 18,000 barrel, up from earlier estimates of 15,000. The undersea hydrocarbon leak is being captured using a containment cap, but must be processed by shipboard equipment capable of splitting out the oil from the natural gas.
The Q4000 will use an alternate siphoning method in an attempt to increase the volume of recovered hydrocarbons. Unlike the Discoverer Enterprise, however, it is being equipped with special equipment that will allow it to burn off rather than store the captured crude.
BP, which first stated the oil was leaking at about 1,000 barrels per day and resisted higher estimates, has now declined to estimate how much oil is leaking from the well. That task has now fallen to a technical group convened by the U.S. government, and which has calculated that between 12,000 and 25,000 barrels per day are flowing from the well.
But the lower end of that estimate has proven to be wrong – BP is now capturing 15,000 barrels per day, and oil continues to billow from the sea floor through vents in the containment cap that are designed to relieve pressure on the well. And BP has not had sufficient vessel capacity to process the full stream, whose volume some scientists now believe may be multiple times initial estimates.
The Q4000 ship will boost surface oil-handling capacity to 28,000 barrels per day when it is in place “some time next week,” Adm. Allen said.
If that proves insufficient, it will take at least another week before BP has in place greater capacity. It has ordered two larger ships to sail to the site of the oil leak, one from the North Sea, that will be able to process the full extent of the leak and ferry it to shore. Those ships will provide “a more robust package,” one that “can survive heavier weather,” Adm. Allen said.
They will not, however, be ready to accept oil for seven to 10 days after the Q4000 arrives – or more than two weeks from now.
BP has poured millions of gallons of oil into the Gulf of Mexico. Now it wants to fill the skies with oily fumes.
The British oil giant at the heart of the worst oil spill in U.S. history plans to burn oil its containment dome collects from the gushing underwater well.
As the cap nears its capacity, BP has to find a means to dispose of the oil.
The company claims it has a rig armed with a device that can turn oil into vapor and burn without creating visible smoke. BP says the flames would not endanger other vessels.
But what about the air?
The company that makes the oil-burning device, Schlumberger Ltd., calls the process “fallout-free and smokeless combustion.”
One Gulf Coast scientist, however, calls it a bad idea.
"This is one of those decisions that will have negative impacts," Wilma Subra, a chemist, told The Associated Press. "Even though it's crude dispersed in water, the burning of crude will raise some health issues."
More alarming is figuring out how much oil is still spewing into the ocean.
Government estimates state between 600,000 gallons to 1.2 million gallons of oil leak into the Gulf’s waters each day.
However, one team of scientists with the U.S. Geological Survey say the range is closer to between 798,000 gallons and 1.8 million gallons.
BP’s containment cap can collect more than 600,000 gallons before reaching capacity.
The Deepwater Horizon oil rig exploded April 20, killing 11 workers and has, so far, leaked anywhere between 23 million and 48 million gallons of oil.
It's quite the mess for sure and unfortunate how much it has negatively affected an already weak New Orleans economy. I was there for the memorial day weekend and chatted with many people that were working doing cleanup and pretty much every restaraunt had to import there fish instead of getting it locally.
Been reading up on investing into BP at rock bottom
but a few highly respected analysts say they may not even make it through the next 5 years
the Exxon Valdez incident made Exxon stock sink to new lows, but since prince william sound is virtually uninhabited there was not much in terms of settlements for the residents of the area, they only had to pay for cleanup and rehabilitation, at this point Exxon stock is somthing like 6-7 times the price it was the time of the spill
BP however, these analysts are saying there is potentially no limit to the money they will have to fork over for settlements to fisherman, inhabitants, etc.
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Dank memes cant melt steel beams
Been reading up on investing into BP at rock bottom
but a few highly respected analysts say they may not even make it through the next 5 years
the Exxon Valdez incident made Exxon stock sink to new lows, but since prince william sound is virtually uninhabited there was not much in terms of settlements for the residents of the area, they only had to pay for cleanup and rehabilitation, at this point Exxon stock is somthing like 6-7 times the price it was the time of the spill
BP however, these analysts are saying there is potentially no limit to the money they will have to fork over for settlements to fisherman, inhabitants, etc.
Exxon oil spill only costed them a few billions dollars
BP's value went down 100 billions since the spill...(that's more than the value of Royal Bank + BMO combined)
I am sure US wouldn't have been so harsh on BP if it were an american company. The people that are going to suffer the most from the spill are the pensioners in UK.
btw US government now wants BP to pay for the wages of ALL the oil rig worker in US that are now out of work because the government decides to put a temporary ban on off shore drilling.
Been reading up on investing into BP at rock bottom
but a few highly respected analysts say they may not even make it through the next 5 years
the Exxon Valdez incident made Exxon stock sink to new lows, but since prince william sound is virtually uninhabited there was not much in terms of settlements for the residents of the area, they only had to pay for cleanup and rehabilitation, at this point Exxon stock is somthing like 6-7 times the price it was the time of the spill
BP however, these analysts are saying there is potentially no limit to the money they will have to fork over for settlements to fisherman, inhabitants, etc.
Extreme deep water drilling is not the preferred choice to meet our country’s energy needs, but your protests and lawsuits and lies about onshore and shallow water drilling have locked up safer areas. It’s catching up with you. The tragic, unprecedented deep water Gulf oil spill proves it.
Quote:
Radical environmentalists: you are damaging the planet with your efforts to lock up safer drilling areas. There’s nothing clean and green about your misguided, nonsensical radicalism, and Americans are on to you as we question your true motives.
Yea but the profits those guy made is tiny compared to what GS and BRK has lost in terms of their market value recently. GS or Warren Buffet does not have to disclose the reasons why they have made those investment choices, so it's all speculation without merit.
It's been almost two months... and it almost seems no one care about the spill anymore. We've heard so much about it, it seems like people are almost desensitized by it!
^Mostly because it hasn't affected places near us. Most people put it in perspective of where they are living etc etc. But they don't know how bad this is in the whole perspective and it's going to bite everyone's ass.
Suspicious conspiracy? Yes, very. But I don't think they would sacrifice it on something THIS serious....
really?.. some reason im afraid of taking shits after ghost movies.. i always think about what if a ghost's hand came out of the toilet and grabbed my nuts or stuck its hand in my ass -___________-.... i mean if it came outa the mirror id have reaction time to run but the toilets.. thats a pretty good blind spot to sneak up on people from -_____- ...
Goldman Sachs sells BP shares 2 weeks before oil spill.
Warren Buffet buys 254 million dollars worth of the chemical company that is spraying the oil right now end of last year.
BP manager's fly in and push operations to dangerous level's of drilling which causes the explosion of the rig.
Wait till this get's into the Atlantic, then everyone will really start to care.
This is not a consipracy...it's a fact. GS is completely corrupt and I'm glad truth the finally coming out about their unethical business practice. There is a quote; When in doubt, follow the money.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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