BP preparing to start burning at sea oil siphoned from leaking well in Gulf of Mexico

[babylonsister]

BP to start burning captured Gulf oil at sea

BP preparing to start burning at sea oil siphoned from leaking well in Gulf of Mexico

BRIAN SKOLOFF and RAY HENRY
AP News

Jun 10, 2010 12:01 EDT


BP said Thursday that it plans to boost its ability to directly capture hundreds of thousands of gallons of oil gushing from a well at the bottom of the Gulf of Mexico by early next week.

Kent Wells, BP's senior vice president of exploration and production, said a semi-submersible drilling rig would capture and burn about 420,000 gallons of oil daily. Once on board, the oil and gas collected from the well would be sent down a boom and burned at sea.

A drill ship already at the scene can process a maximum of 756,000 gallons of oil daily that's sucked up through a containment cap sitting on the well head.

The containment effort played out as BP stock continued to plunge amid fears that the company might be forced to suspend dividends and find itself overwhelmed by the cleanup costs, penalties, damage claims and lawsuits generated by the biggest oil spill in U.S. history.

But markets were also beginning to heed warnings from analysts who said Wednesday's 15.8 percent sell-off of BP shares in New York was an overreaction. BP shares dropped as much as 11 percent to a 13-year low at the open in London on Thursday, then recovered some ground by early afternoon, trading 6.1 percent lower at $5.39. In New York, the stock opened 9.8 percent higher at $32.05.

more...

http://www.talkingpointsmemo.com/news/2010/06/bp_to_start_burning_captured_gulf_oil_at_sea.php?ref=fpa

[AndyA]

1. Burn? What a waste of a finite resource. What an abuse of the environment!

Where the hell is the EPA? Surely this cannot be acceptable to the Obama Administration! :mad:

[Sebastian Doyle]

2. Great....

Not enough to fuck up the Gulf, now they gotta fuck up the atmosphere too?

Fucking bastards :grr: