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A top BP executive says the company expects to be capturing virtually all the oil leaking from the Gulf floor by early next week.
Chief operating officer Doug Suttles told The Associated Press on Tuesday in Gulf Shores, Ala., that the flow should decrease "to a relative trickle" by Monday or Tuesday.
President Barack Obama plans to visit the region the same days.
Suttles says a second pumping ship should improve the process. And he says a new containment cap being built will seal bette
oil will probably continue to wash up for about the same period after the well fully shuts down
Originally posted by keepureye2thesky
Also he needs to define "trickle".
Originally posted by Portugoal
BP says 'virtually all' oil to be captured soon
Originally posted by JohnPhoenix
I Do Not want them capturing all the oil !!!!
I want them to cap this and get the Hell out of My Gulf !
They can stay the Hell out of My United States too.
Source-: On the United States’ side of the Gulf of Mexico, the Minerals Management Service (MMS) is responsible for overseeing all offshore oil and gas drilling including leasing the mineral rights to these blocks. MMS is a bureau of the Department of the Interior and collects over $5 Billion in revenue each year from the sale of inland and offshore oil and gas leases.
When oil companies decide they want to drill in a particular block, they must first make sure no one else owns the rights. To manage this, MMS has periodic auctions for any unleased land eligible to be drilled on. Oil companies can submit their bids to MMS to drill in a particular block and if they are the highest bidder, they are usually given the right to do so.
The higher the probability that oil exsists on the block, the more an oil company is willing to bid on the lease. As an example of how high these bids can get, Anadarko and Mariner Energy recently paid over $52,000,000 for one single block (Walker Ridge 793) in the Gulf of Mexico.
Why should we continue to let then have the oil and gas for their financial gain after they things they have done.. That makes no sense to me.