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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: neolib who wrote (252101)6/5/2010 1:01:50 PM
From: neolibRead Replies (2) | Respond to of 306849
 
The interesting problem for BP if the leak is significantly > than 15KBPD is that it will make it look like they designed a solution based on believing their own BS about the original magnitude of the leak.

BP has been accused all along of understating the size of the leak, largely for liability reasons. But one would assume they internally were more candid. If they are way off, they will once again look like major fools.

On the bright side, if the flow is significantly above 15KBPD, and there are no easy solutions to boost the flow with this equipment, than there is zero reason to worry about the seal!



To: neolib who wrote (252101)6/5/2010 2:34:28 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
I've read a lot of post by people curious what the correct entry point to buy BP should be. A lot of people think the rumors of the death of BP are mistaken, and that it has the revenues to pay for all the damage and survive.

It just needs a name change. What is Phillip Morris called today?



To: neolib who wrote (252101)6/5/2010 5:27:52 PM
From: Dan3Read Replies (1) | Respond to of 306849
 
Re: The first one has been drilled over 7000ft out of about 15000 linear feet total in about 29 days to the end of May.

I think the first 5,000 ft. is soft mud. After that, they're drilling through harder stuff and it's probably slower.