BP: Gulf oil spill could be stopped this month

[Scurrilous]

<snip>

"The end may be near for the runaway gulf oil well, according to the most optimistic statement yet from a BP executive.

The long-anticipated "bottom kill" of the well -- a massive dose of mud and cement shot through a relief well now being drilled in order to stop the gushing of oil from the well that exploded nearly three months ago -- could take place before the end of July.

"In a perfect world with no interruptions, it's possible to be ready to stop the well between July 20 and July 27," BP managing director Bob Dudley said in an interview with the Wall Street Journal.

The relief well is currently moving almost parallel to the blown-out "Macondo" well, just 12 feet away laterally, and with only about 200 feet to go before it reaches the interception target."

more



Shares rebound as BP closes in on capping well

<snip>

"BP shares are set to post a second straight weekly gain as BP gets closer to plugging a blown-out well in the Gulf of Mexico.

The shares have gained about 23 percent since hitting a 14-year low of $27.02 on June 25. They added 20 cents to $33.39 Thursday morning.

The government and BP have been predicting that two relief wells would be drilled and the spill stopped by mid-August. But managing director Robert Dudley told the Wall Street Journal Thursday that a "perfect case" would have the oil well capped between July 20 and July 27.

BP shares have recovered roughly $20.4 billion in value in the past seven trading sessions. Still, shares have lost about 45 percent, or $85 billion in value, since the Gulf oil rig explosion."

http://www.google.com/hostednews/ap/article/ALeqM5hupO7GCKaZlmfefrpzhIty47Xr8AD9GQU3D81

[Botany]

1. please let this work

n/t

[dipsydoodle]

2. Always good to see

a constructive remark.

[Beetwasher]

3. Oh Man I Hope So

But even after it stops, the work is just starting. Clean up is going to be long, painful and grueling. And better be 100% paid for by BP.

[bear425]

4. I so hope this is true and not just a way for them

to get their shares higher. I'm beginning to be a cynic. Please let this be true.

[LargeGreenSpider]

5. How would anyone know?

I mean, really, they could say anything. What do we do, just take our master's word for it?

[Subdivisions]

6. Ummm...

you'll know when there's no more oil coming out of that pipe.

Duh.

[LargeGreenSpider]

9. And do you have your own camera there?

I mean, it's so easy for this corporate M$M to put anything in front of you.

[damntexdem]

7. Well, the oil gush MIGHT end with the relief well.

But not necessarily the methane venting.

And not the current pollution of the Gulf, especially the deep-water pollution.

But, then, there's no promise that the relief well will work to stop the gush.

[cwydro]

8. I can't believe anyone believes what these assholes say.

Keep dreaming.