A relief well can’t be drilled fast enough to stop the massive BP oil spill from being contained. Yesterday, a cap was ineffective in siphoning oil due to what experts believe to be a submersible that may have bumped the temporary fix to the oil spill problem, according to the New York Times. Ninety minutes later, the cap was back on, after several unmanned submarines maneuvered pipes and hoses into place.
The cap was taking on some explosive gases, says a source close to the situation, and the recovery ship quickly moved away to avoid a potential fire. When the ship moved, the cap may have come off, since the submersibles couldn’t be moved as quickly.
BP’s Vital Stats
Luckily for BP, the problem was only for a short time. Among the inability to contain the spill, congressional grilling, stock plunges, and an overly stressed CEO, BP has done well to just survive the past two months, let along remain a viable company.
Stocks of BP are only 67 cents above their 52-week low as of today’s open on June 24, 2010, according to Business & Finance News. They are trading at just under $30 per share. Compared to Exxon-Mobil’s stock at a healthy $60 per share and Chevron at over $71, you see how the BP oil spill has affected one large oil company.
Until we see a clean and clear Gulf of Mexico, my family really won’t trust BP or even other oil and gas companies. It’s almost as if a surgeon accidentally cut off an arm when all the procedure should have done was fix a ligament in the wrist. The mistake is just too huge to rectify or justify placing even more trust in our energy future with big oil.
Consumer Choices at Home
My wife and I have already decided not to eat any more seafood from warm water regions, including clams, shrimp, and other Gulf species of fish. We’re sticking with organic chicken and bison meat for now, since mercury levels weren’t good enough to contaminate the seafood. So, now we have to worry about ingesting hydrocarbons.
We’ve not had any problems boycotting BP gas stations, as they aren’t that prevalent in southwest Missouri. Amazingly, gas prices haven’t gone up at all over the past two months, but we recognize that we should use less and less gas in general, especially if our contemporary society is relying on fossil fuels that are very visibly destroying our ocean resources.
My wife and I turned this catastrophe into a lesson for our children. Because we have had a hand in their education beyond the classroom, our kids instantly agreed with my wife and I that we should take steps to further lessen our carbon footprint in response to the oil spill.
The New York Times and Yahoo Finance provided information for this article.