Thursday, May 27, 2010

BP's Top Kill: Just gimme some truth/ NY Times

From the NY Times:  Both BP and multiple government spokespersons told the world this am that the top kill procedure was going well.  Not until late afternoon was the truth told:  the process had been aborted the night before:
As hour after hour passed after the top kill began early Wednesday afternoon, technicians along with millions of television and Internet viewers watched live video images showing that the dark oil escaping into the Gulf waters was giving way to a mud-colored plume.
That was an indication that the heavy liquids known as “drilling mud” were filling the chambers of the blowout preventer, replacing the escaping oil.
In the morning, U.S. officials expressed optimism that all was going well. “The top kill procedure is going as planned, and it is moving along as everyone had hoped,” Coast Guard Adm. Thad Allen, the leader of the government effort, told CNN Thursday morning.
And Robert Dudley, BP’s managing director, said on the NBC Today Show on Wednesday morning that the top kill “was moving the way we want it to.”
It was not until late afternoon that BP acknowledged that the operation was not succeeding at halting the leak, and that pumping had halted at 11 p.m. Wednesday night.

1 comment:

Old Atlantic Lighthouse said...

17 means obscure names you never heard of. You can buy ExxonMobil or BP without researching and knowing the oil industry, but to buy 17 shows you either think you know these companies or think you are getting good advice.

What was there to know in New Orleans about oil stocks? That the Federal government was not enforcing environmental and safety laws. So that was the judge's inside information.

Many other judges in the area also owned obscure oil industry stocks. So as a group, they knew that environmental and safety regulations were not being enforced, making these companies a good buy, at least then.