Partial success on capping the oil flow by Claudia Sonea

After almost a month BP Plc is still having issues in containing the oil that gushed following the rupture of an oil well in Gulf of Mexico. However, the oil company made an official statement this week saying a new method has been used and the success of the method makes them believe in about a week the flow will be stopped permanently. No information was released as to how much oil has been captured using a mile-long tube and BP did not offer any guarantees regarding the capping of the oil permanently in a week. In the meantime the oil plumes in the Gulf and the damages on the environment are becoming alarming. Although, the oil company and t! he government say that the harm on the ocean wildlife and the shorelines was minimal, oil debris and tar balls can be seen floating close to the beaches of Louisiana, Alabama and Mississippi. For the time been there is no clear data on how the oil flow affected the fish species in the Gulf, the birds and other wildlife. BP and the government have released only some information on the leak, the rate and range of escaping oil. Thus the public kept under control on how to perceive the incident although the simple fact that it is worse than the 1989 Exxon Valdez should raise serious concerns. Up to now, the only consolation is that the government will force the oil company to cover all the expenses leading from the incident. Nonetheless, there’s a trick in the whole matter as the limit liability for lost business for oil/energy companies is $75 million. Stay connected, more to come…

related story (sgx17314): http://www.france24.com/en/20100516-bp-marks-its-first-succe...

by Claudia Sonea for Cantell TV (http://cantell.tv)

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