Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (33474)	5/3/2010 7:31:22 PM
From: axial	Read Replies (2) \| Respond to of 46821

Gulf blowout update: Workers will try valve shut-off today Federal representatives, industry officials and others involved in the joint response to the oil spill in the Gulf of Mexico gave an update to reporters this afternoon. Here are some highlights: * Workers today are slated to use remote-operated submarines to put a shut-off valve at the end of a leaking drill pipe -- one of three leaks in crumpled pipe on the sea floor. "We hope to have that activity complete today," said Doug Suttles, BP's chief operating officer. "If successful, that would mean we would reduce from three leak points to two." An update on this valve effort is expected tomorrow. * Work continues to close devices on a 50-foot blowout preventer -- but it still hasn't reduced the volume of oil flowing from the leaks, despite earlier reports today. Workers may have successfully closed off some of those devices, but "sealing elements" on the outside probably "did not seal," Suttles said. The attempt to close off one of those devices yesterday has not "had any substantial impact on the flow of oil," he said. * Drilling of a relief well -- a last-ditch, long-term solution that could take three months -- began around 3 p.m. Central time. "The quickest we can get this well done if everything went perfectly is probably two months, and it could take three," Suttles said. The plan is to "drill down to approximately 18,000 feet and inject, basically, heavy drilling fluids and ultimately cement to stop the flow of oil and gas to the surface. More: blogs.chron.com --- Also: Calif. governor ends support for offshore drilling chron.com Jim