"'That operation has gone extremely well. We are very pleased.' That was BP VP Bob Fryar’s assessment today of his company’s success in capturing some of the oil gushing from its wild well on the bottom of the Gulf of Mexico. Yesterday, we said that the cap seemed headed for failure. So who’s right? As usual, it gets down to how you define 'success' and 'failure' (and on how you do the math).
From Top Kill to Containment
First, it’s important to note that BP has moved the goal posts after the process known as 'Top Kill' failed. Actually, it’s more like they started playing a different game altogether, and they managed to did it without drawing media attention. Top Kill was the last in a long line of attempts to shut the well down — as the word 'kill' implies. BP’s new game is designed, at best, to divert a portion of the oil up a pipe to the surface. Killing the well won’t be accomplished until relief wells tap into the existing pipe far below the ocean floor and inject cement there. BP has said that will take until August. (Some experts believe it will take longer, perhaps an additional six months.)"
http://thephoenixsun.com/archives/10013BP uses "slick" accounting to turn 1% into 31%. Poof!