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BP Puts Containment Cap On Leaking Oil

From a deeply saddened Reuters:

BP puts containment cap on gushing Gulf well pipe

By Anna Driver

June 4, 2010

VENICE, Louisiana (Reuters) – BP began capturing some oil spewing from a 46-day gusher Friday after installing a containment cap atop a ruptured Gulf of Mexico well and President Barack Obama was set to make his third trip to the stricken area since the disaster started.

Obviously, all it took was for Mr. Obama to get “furious” and really tough. “Don’t make me come down there again!”

BP Plc executives sought to reassure investors with a conference call but put off a decision on whether to suspend paying its next quarterly dividend as some U.S. politicians had demanded…

Is there nothing that is beyond the expertise of US politicians?

The U.S. Coast Guard said the containment cap placed atop the gusher a mile deep beneath the Gulf’s surface was now collecting about 1,000 barrels a day.

Note how Reuters avoids telling us how much of the leak is being contained? How many barrels was it leaking?

It was a sign of progress after several failed attempts by the energy giant. U.S. officials cautioned against being too optimistic, however, since large amounts of oil are still escaping.

How much?

BP does not expect to be able to fully halt the oil flow until August, when two relief wells are to be completed.

The amount of oil being captured should increase as BP closes vents to trap more oil, Coast Guard Admiral Thad Allen told reporters in a conference call.

"Sometime later today we’ll probably be able to get … an approximation of how much oil we are capturing," Allen said.

Reuters just said it was 1,000 barrels.

Earlier Friday, BP Chief Operating Officer Doug Suttles told U.S. networks the containment cap "should work" by capturing upward of 90 percent of the gushing oil.

One thousand barrels is a small fraction of the 19,000 barrels per day that the U.S. government has estimated could be gushing from the well

Maybe that estimate was wildly inaccurate.

Still, how weirdly this article is worded. It almost sounds like BP has capped the oil leak.

And not Mr. Obama.

This article was posted by Steve on Friday, June 4th, 2010. Comments are currently closed.

4 Responses to “BP Puts Containment Cap On Leaking Oil”

  1. Petronius says:

    BP’s executives considered “whether to suspend paying its next quarterly dividend as some U.S. politicians had demanded .…”

    “Some U.S. politicians” would include the divine Nerobama, who hammered BP today for its plan to pay its 2d quarterly dividend.

    These Marxists are like a pack of hyenas, fighting over BP’s bones before their prey is even dead. And they have the gall to call us “greedy capitalists”!

    Let get some facts straight.

    First, Nerobama is talking about a dividend declared by the directors of a foreign corporation –– not a US corporation.

    Second, the board of directors owes a fiduciary duty to BP’s shareholders, who are for the most part also foreign nationals.

    Third, the board declares dividends months in advance, usually at the outset of the fiscal year. Thus BP’s pending June 21st dividend was declared long before the Gulf oil explosion occurred.

    Fourth, at the date of declaration the corporation assumes a liability that places the stockholders in the position of creditors in the amount of the dividends declared.

    Fifth, the corporation’s dividend liability is a legally binding obligation that the courts will enforce.

    That Nerobama and the other Marxists who are currently running the US government have no grasp of –– and no regard for –– these basic principles of business, property, and law is cause for grave concern.

    Nerobama and his Bolshevik thugs are a living testament to the power of dumb. They are a living testament to the heavy-handed power of Marxist greed.

    I shudder to think that these criminals are going to be managing our medical care.

    • confucius says:

      From AP:

      Obama lashes out at BP over dividend

      By Jeff Mason
      June 4, 2010

      GRAND ISLE, Louisiana (Reuters) – President Barack Obama warned energy giant BP on Friday not to “nickel and dime” Gulf coast residents over oil spill damage claims while paying out billions of dollars in dividends to shareholders.

      “My understanding is that BP has contracted for $50 million worth of TV advertising to manage their image during the course of this disaster,” Obama said. “In addition, there are reports that BP will be paying $10.5 billion — that’s billion with a “B” — in dividend payments this quarter.”

      BP on Friday resisted pressure from some U.S. lawmakers to stop dividend payouts until the full cost of cleaning up the spill is known. …

      “I don’t have a problem with BP fulfilling its legal obligations, but I want BP to be very clear they’ve got moral and legal obligations here in the Gulf for the damage that has been done,” he said.

      “And what I don’t want to hear is, when they’re spending that kind of money on their shareholders and spending that kind of money on TV advertising, that they’re nickel and diming fishermen or small businesses here in the Gulf.”

      The White House announced early on Friday that Obama was postponing a June 13-19 trip to Indonesia and Australia so he could focus on the oil spill.

      There is growing public criticism of his administration’s handling of the disaster. More than 60 percent of Americans believe both Obama and BP are not doing enough to clean up the spill, according to a CBS News poll released on Friday. …

      http://news.yahoo.com/s/nm/20100604/ts_nm/us_oil_spill_obama

      Meanwhile, GM—who took $50 billion in taxpayer bailouts—reported paying $203 million in dividends last month. (http://www.manufacturing.net/News-GM-Posts-First-Profit-In-Nearly-3-Years-051710.aspx)

      I wonder how much GM’s lie of a commercial cost. (http://www.youtube.com/watch?v=SSNPFVLIWjI)

  2. canary says:

    Those in charge will continue lying that they have it under control, for the majority of people who don’t watch news. Some people heard this, and won’t have any more interest. They will continue this ongoing game, just as when they said the cap was working, and it wasn’t

    Some idiot on Anderson Cooper (animal lover) was saying that at first Washington DCs officials kept telling them, that people were mad at BP and not Obama. And they kept explaining, they needed Obama to put pressure on BP, and that once Obama got involved, things got rosier. He was gushing over Obama, and making excuses, etc. & Anderson Cooper just nodded his head up and down, in agreement, sympathizing with Obama, which is no wonder I can’t watch more than 60 seconds of CNN.

    Then they showed video of the still billowing in huge clouds out of the hole.

    Someone on Rush, said he had a degree in Environmental Science, and that Russia used a nuke to stop their spill. He said it was on the internet.

  3. canary says:

    Those in charge will continue lying that they have it under control, for the majority of people who don’t watch news. Some people heard this, and won’t have any more interest. They will continue this ongoing game, just as when they said the cap was working, and it wasn’t

    Some idiot on Anderson Cooper (animal lover) was saying that at first Washington DCs officials kept telling them, that people were mad at BP and not Obama. And they kept explaining, they needed Obama to put pressure on BP, and that once Obama got involved, things got rosier. He was gushing over Obama, and making excuses, etc. & Anderson Cooper just nodded his head up and down, in agreement, sympathizing with Obama, which is no wonder I can’t watch more than 60 seconds of CNN.

    Then they showed video of the still billowing in huge clouds out of the hole.

    Someone on Rush, told the guest sitting in that the Russia nukes them.
    It might damage the drill structure.

    Here’s an example of a nuclear explosion under sea. Perhaps some of the drill platform could be saved.
    That way all the contaminated fish could be killed. If people eat the fish their body might undertake global warming and get hotter til it blows up, or does a reverse and turns the human’s body into an ice-cube.

    http://www.youtube.com/watch?v=CpPNQoTlacU&feature=related


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