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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (73717)	5/27/2010 11:58:36 AM
From: average joe	Respond to of 74559

At $70 bbl and 12,000 bbl a day the well is spilling out $840,000.00 worth of crude approximately a day. That is $306,000,000 a year worth of the black stuff - I'm guessing it would cost at least $100,000,000 to drill a well to that depth in the Gulf. So it means a tidy little profit for BP if you take away the clean up costs.

To: maceng2 who wrote (73717)	5/28/2010 12:45:13 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

I don't know about booming methods. The diagram I saw looked reasonable enough - a double v shape to funnel oil into catchment places. But on the other hand in calm water it might be more effective to run a single line. Or maybe there weren't enough booms. Or something. No doubt there will be swarms of blunders by all sorts of people. Incompetent rescuers will no doubt kill birds they try to rescue. Boom blunders will be a dime a dozen. People are generally pretty hopeless, even if they are doing things they are supposedly qualified for. Hence the spill in the first place with no doubt multiple failures by various parties. Also, anyone who is so prolifically foul mouthed doesn't have much between their ears. Her anger isn't about the spill it's about her self-importance which is obviously not where she thinks it should be. Mqurice