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

To: Broken_Clock who wrote (253307)	6/10/2010 12:20:46 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

The casing could be toast. Deepwater Horizon sub-sea blowout:Expert says oil spill ‘doomsday scenario’ may have already begun (Keith Olbermann video) Oil industry expert Bob Cavnar believes that when BP gave up on the top kill procedure last week, it was because “they likely had a casing failure.” The casing is the steel pipe that was placed in the Deepwater Horizon well hole during the drilling process to prevent the wall of the hole from caving in. Florida Senator bill Nelson said, “there were reports of oil seeping up from the sea bed, which would indicate that the well casing itself is actually pierced.” Reports claim that BP discovered the casing failure during the first top kill, and an anonymous BP employee said “we discovered things that were broken in the sub-surface.” It is the explanation as to why video images showed ‘mud’ coming out of the side of the well before the top kill procedure was called off. Cavnar said, “The real doomsday scenario here is if that casing gives up, and it (the oil) comes up through the other strings of pipe that hold this well together.. basically you’ve got uncontrolled flow to the sea floor - and that is the doomsday scenario. There is nothing they can do except the relief wells.” The 2 relief wells currently under construction are not expected to be completed until August at the earliest. examiner.com