BP Is Moving To Rebuild Our Gulf -Better

by J John Swanko

06/08/10 (People Port) This oil blowout is on its way to control. BP is getting ready for hurricane season, while morning the eleven and those still trying to recover. Their resolve to change is hardening. BP is on it way to becoming what most believed it was before the spill.

To underline their resolve to stop this leak's harm, two additional systems will be moved into place. Top Kill lessons will generate an additional oil to the surface system. That riser will be later joined by one more. The second one is for hurricane preparedness. Located 300 feet under the surface, This riser makes flexible operations possible in July.

Surface cleanup is being expanded to include vessels of opportunities. This program is designed to leverage those vessels not yet in the cleanup. At yesterdays, White House briefing Admiral Allen said there are 1,500 local boats, certified. The people are familiar with local waters. The attack on surface oil is dramatically expanded.

The cost to BP to date is $1.2 billion. This does not count the $360 million being set aside for Louisiana's barrier Islands. This cost is huge, growing. The White House press proved they know enough math to question the possibility that BP may make money off this disaster. Sure the costs will be high. They still own the oil. They are not claiming the barrier islands, yet.

BP has committed half a billion dollars to study this disaster. A morbid outcome has become a living Gulf of Mexico lab. While their payouts to governments -so far- are at a rate four times the amount paid to those that produce income, jobs from the Gulf, Those payouts have just started. Their claim contractors may be just the start. It seems all their actions lead one to conclude CEO Hayward's team intend to become a partner in those affected future. If this includes the simplest consulting, that area could thrive.

BP is considering discontinuing contractors. This is a leap to its past. Atlantic developed seismic technology in its own labs and used that technology to secure its future after the war. Exxon beat Arco to solar however Arco expanded the field of knowledge dramatically. As it became cheaper to buy your competitor then search for oil, investments in new energy areas declined in Big Oil. The last major push for electric vehicles came from Utilities. In one early 1990's instance, almost half a billion dollars was committed.

What is different now, this is a true disaster. Press and media commentators from all sides have called for our government to take over BP and fix it. This administration has stood firm, making BP see the problem fixes available. It seems to have worked well.

Note:

I do not own BP or Exxon shares.

I am publishing here due to technical difficulties.

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