Oil hemorrhaging stopped?

[orm]

According to the BBC BP has managed to stop the flow of oil into the Gulf for the first time.

BBC News - BP says oil has stopped leaking from Gulf well (http://www.bbc.co.uk/news/world-us-canada-10654584)

[emoreira]

This is a very good news, but they are still cautious as everything can fail.
It's an incredible amount of oil spilled to the ocean. The consecuencies will be seen for years in the gulf.

[dburg30]

Yes at this point the oil is stopped. Now, as stated, something still could fail, they are talking some big pressures from the oil / gas at huge depths. I just hope that if they dont see any weaknesses forming they just leave it shut. I know it's supposed to be a 'test' right now, but if they dont see problems dont open the well again til it can be killed for good.. I've been watching a lot of the feeds lately, and it was pretty interesting watching what they can do with those ROV's... Was bummed to have missed the oil 'shutting off' that would've been cool to see happen..

[ReeferBen]

I thought their plan was just to stop it, so they could retap it properly again and start collecting the oil again. They were getting a ton of barrels a day out of there, and I doubt they are just going to let that go. The damage that the spill already caused and will continue to cause is IMO the worst environmental disaster of my life time. Yet no one avoids BP stations (atleast that I can tell), and besides a bit of internet chatter I don't see much being done about it.

[stakanak]

We need to boycott BP period. I have. Dump all their stock. Make a point. It makes me sick that their stock is still on the rise after this international environmental debacle!

[gfyrasng]

We need to boycott BP period. I have. Dump all their stock. Make a point. It makes me sick that their stock is still on the rise after this international environmental debacle!

Seriously? Why don't you do us all a favor and go back to grade school and learn a thing or two. What do you think would happen if everybody boycotted BP? Eventually they would say "hey, guess we're broke because everybody stopped buying our oil, so now we don't have enough money to finish cleaning up the spill". Then who's left with the bill? The American tax payer, that's who. Uncle sam will continue funding the clean up effort and raise taxes in the process, which means more of the money you and I and everybody else makes goes towards the clean up. Not to mention, how many gas stations would go out of business who simply get their gas from BP? They would be completely screwed by a nation wide boycott. So why don't you stop for a few mins and think about what you're saying. :shakehead:

[AfterDark]

We need to boycott BP period. I have. Dump all their stock. Make a point. It makes me sick that their stock is still on the rise after this international environmental debacle!

And then the money for the clean up will come from where? I've been looking for BP stations to buy from,if they belly up guess who pays the bills? A boycott in a foolish ill-thought reaction that can only make the situation worst.

[AfterDark]

I thought their plan was just to stop it, so they could retap it properly again and start collecting the oil again. They were getting a ton of barrels a day out of there, and I doubt they are just going to let that go. The damage that the spill already caused and will continue to cause is IMO the worst environmental disaster of my life time. Yet no one avoids BP stations (atleast that I can tell), and besides a bit of internet chatter I don't see much being done about it.

That was an exploratory well they weren't pumping any oil from it. It has only cost them money so far and lots of it.

[AfterDark]

gfyrasng I must have missed your post didn't intend to copy you. Hope more people have the common sense not to boycott BP. My word you'd think they did this on purpose!

[gfyrasng]

Haha no big deal AD. Just wish more people would pull their heads out of their arses. Like you said, if anything we should be supporting them. Plus just think of how many small business owners would go under if everybody started boycotting BP. They just buy their gas from BP. I really hope stakanak comes back to read this thread and changes his ways. Seems like a lot of people now days have lost the ability to think for them selves.

[ScubaSteve]

That was an exploratory well they weren't pumping any oil from it. It has only cost them money so far and lots of it.


Actually BP will be collecting (siphoning) oil from the very cap they just put on (up to 80,000 barrels per day) in the next day or two according to them.


http://www.cnn.com/2010/US/07/16/gulf.oil.disaster/index.html?hpt=T1

Valves are expected to open after that to resume siphoning oil to two ships on the surface, the Q4000 and Helix Producer, as government and BP officials assess the data and decide what to do next. Two more ships are due to join them in coming weeks, bringing containment capacity to 80,000 barrels of oil a day, more than high-end estimates of how much oil had been leaking.

[gfyrasng]

No point in letting it all go to waste right. Wonder if they're going continue pumping oil from the well with another rig?

[dmoore19]

Just FYI, BP is not siphoning or pumping oil from this well. They are collecting it as it flows out. There is something in the area of 6000 PSI on the wellbore.

[ScubaSteve]

Just FYI, BP is not siphoning or pumping oil from this well. They are collecting it as it flows out. There is something in the area of 6000 PSI on the wellbore.


So the cap in fact failed? Everyting I have read said that it stopped the flow completely and they would be opening a valved again to siphon oil off from that head. Is that wrong? I may have misunderstood something - or things may have changed as well. I am only going by what I read so I am curious about what you have read. One way sounds shady (on BP) and one doesn't......The truth is out there :D.

[gfyrasng]

Never mind.

[dmoore19]

So the cap in fact failed? Everyting I have read said that it stopped the flow completely and they would be opening a valved again to siphon oil off from that head. Is that wrong? I may have misunderstood something - or things may have changed as well. I am only going by what I read so I am curious about what you have read. One way sounds shady (on BP) and one doesn't......The truth is out there :D.

OK, so there is a "cap" on the well right now, think of it as a manifold. It has a series of 3 valves on it which they can open and close. Right now all the valves are closed. The well is shut in, there is 6000psi. The term siphon is where the misunderstanding is. Behind those valves (on the wellbore) there is +/-6000 psi. So they aren't siphoning the oil, it has 6000 psi behind it. It will flow all on it's own. The cap is like a second Blow Out Preventer.

[Heavy water]

:(:( The ocean will recover, In the 1940's the whole east coast was coverd in oil. The germans wrecked havoc on all the tankers and ships in the area. On some sites up into the late 80's there were still small traces of oil still escaping. :confused::confused:
Boycott BP I'd like to see that happen you caint even get 50% of the voters out on election day.:no::no::rofl3::rofl3::rofl3:

[Aigtbootbp]

We need to boycott BP period. I have. Dump all their stock. Make a point. It makes me sick that their stock is still on the rise after this international environmental debacle!

Do you realize that selling off all your stock it will do nothing to the company? All you will accomplish is letting someone else by it cheap. Heck, they will probably even make a profit on it.
Yeah, that will put a serious hurt on them....


If you want to punish the company then buy stock. Get everyone you know together and buy enough to have a controlling interest in the company and then vote in the policy you want.
Selling stock when it is low only maximizes your opportunity for a loss and allows others a chance to cheap. Oh, and hope they aren't even greedier than those in charge now.

[orm]

If you want to punish the company then buy stock. Get everyone you know together and buy enough to have a controlling interest in the company and then vote in the policy you want.

Behave.

BP market cap is about 80billion, you'll need to get a lot of drinking buddies together to buy a controlling interest.

This isn't a BP problem, it's our problem. We have an insatiable requirement for oil that must be curtailed.

Take a look at this (http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption) then you can decide where the real action needs to start.

[AfterDark]

Haha no big deal AD. Just wish more people would pull their heads out of their arses. Like you said, if anything we should be supporting them. Plus just think of how many small business owners would go under if everybody started boycotting BP. They just buy their gas from BP. I really hope stakanak comes back to read this thread and changes his ways. Seems like a lot of people now days have lost the ability to think for them selves.

I don't know 1st hand but one of the guys I work with told me a BP station near him closed down. He went from grossing $5000.00per week to less than $2000.00 after the spill. Nice job you knuckle heads what did that poor guy do to deserve to lose his lively hood? What a collective bunch of A$$holes!

[cdolphin]

Wow I wish I had sold my WAMU stock before they went belly-up taking my $15K with them.....not everyone is willing to lose their money to a company that is in trouble. I won't do it again.

[irishsquid]

Haha no big deal AD. Just wish more people would pull their heads out of their arses. Like you said, if anything we should be supporting them. Plus just think of how many small business owners would go under if everybody started boycotting BP. They just buy their gas from BP. I really hope stakanak comes back to read this thread and changes his ways. Seems like a lot of people now days have lost the ability to think for them selves.
I'm still buying my gas from BP. It's cheaper here than most stations. I pay $2.37-$2.42 a gallon. I know most of the employees who work there and I'd hate to see them lose their jobs. I don't think the 22 yr. old single mother, the 57 yr. old grandmother, or the others that work there had anything to do with the unintentional explosion that took place or the resulting spill. :dontknow:

[GoIllini]

For the past 70 or so days, people have been reporting that the place reeks of oil. Everything in the news is about how the Gulf has gone from water to chocolate syrup and how it will never be the same again. We have to cut Gulf Coasters a bit of a break- THEY'RE the victims here, not BP. (I say that as a shareholder).

I think that once things go back to normal, people will change their minds about a lot of things.

[demarest652]

I just flew into New Orleans last night and made the drive over to Gulf Shores, AL. I woke up this morning walked out on the balcony looked out at the beach and the gulf and it looks great. the water is beautiful, no oil or tar balls on the beach, no smell of oil. The only thing that is out of the normal is the lack of visitors although the locals have said that business has picked up this week. Although the red flags are flying. I brought all my dive gear with me so im going to try to hit up some of the local shore dives tomorrow or tuesday and head over to Pensacola and maybe Destin this week ill post some reports after the dives.