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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (134771)6/13/2010 9:40:06 AM
From: tom pope  Read Replies (2) of 206272
 
Second guessing and Monday morning quarterbacking is easy, but it does seem that everybody, from BP to the Coast Guard has been consistently behind the curve. WSJ:

Adm. Watson gave BP 48 hours to come up with a new plan to deal with the leak, which is now believed to be spewing as much as 40,000 barrels a day into the Gulf. That estimate has risen sharply, though at the same time the company has begun to capture some of the oil on location.

"I am concerned that your current plans do not provide for maximum mobilization of resources to provide the needed collection capacity consistent with the revised flow estimates," Adm. Watson wrote. "I am also concerned that your plan does not go far enough to mobilize redundant resources in the event of an equipment failure with one of the vessels or some other unforeseen problem."
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