Here’s a spot of good news this Sunday morning

The BP dome collection rate has been increased to 10,000 gallons barrels of oil a day and they’re hoping to bump that up to 90% soon. Obviously that’s not a permanent solution but after so many failures over so many weeks, progress is welcome.

UPDATE: from Harrison Schmitt, retired senator, former moon-walking astronaut and geologist:

It has been left to BP engineers and managers and to Gulf state officials to respond as best they can in a regulatory environment that is politically charged, incompetent, fearful, and hesitant. Rather than allowing BP to stay focused only on solving the problems of the spill, Attorney General Holder now has launched a civil and criminal investigation!  And let’s then follow with sending an unsupported bill to BP for $69 billion! For good measure, lets also stop offshore oil exploration by the United States. How misguided (or ignorant and devious) can our president be!


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8 responses to “Here’s a spot of good news this Sunday morning

  1. NHRR

    10,000 _barrels_ not gallons, o great one. That typo makes a big difference.

  2. Pete

    That’s OK. Cap & trade will fix everything.

  3. NYer

    Definitely tired of the ‘blame Obama’ sentiment. Getting on him for suspending drilling? Clearly there was never any plan by the industry for what to do in response to an outside event (BOP failure) that obviously wasn’t an outside event. I honestly believe the same people would be on him if he didn’t suspend drilling and even another minor event happened, be it deep water or not. Just another situation where there is no way to win. Meanwhile the public, who demands insatiable amounts of cheap oil, and NIMBY, gets very little of the blame. Burning 20mm barrels of cheap oil that is extracted out of view = outside the realm of feasibility….

  4. Retired IB'er

    Clearly what is happening in the Gulf is a tragedy. But to my mind, the hue and cry in America is highly hypocritical. We as a nation have done very little to replace oil as our main source of energy. Moreover, we are desperately addicted to cheap oil. We want companies like BP to find sources of oil, which by definition means searching in ever more difficult locations such as drilling offshore ( which means working in an extremely harsh environment).

    When it works we pay it no mind and when it doesn’t we scream bloody murder at the oil companies. Public anger should be directed at our politicians (and ourselves) for lack of leadership in not weaning the country from its addiction to oil, which should have started in earnest back in the ‘70s.

    To my mind, the President ought to declare energy as a national security issue, thus banning environmental litigation/impact studies, and build new nuclear plants quickly. Once achieved, we will have the added benefit of no longer spending trillions of dollars screwing around in the Middle East protecting oil.

    Rant off.

  5. “How misguided (or ignorant and devious) can our president be!”

    We don’t know yet – he tops (bottoms?) himself every day!

  6. Mr. Independent

    I have had the privilege of knowing and working with top engineers in several fields. If the oil and gas industry had spent 25% of the effort to create deep water safety equipment and procedures to cap a blowout, that they did to develop the deep water drilling techniques themselves, this well would likely have been capped in days.

    But from the outset of this crisis, everyone involved has been winging it. Those responsible were simply hoping that a potential crisis would happen on somebody else’s watch.