The rumors of BP suspending their stock dividend are growing as the oil continues to gush from the broken BP oil pipe, and President Barack Obama relates the crisis to that of 9/11.
As you can tell from the BP live oil feed video below, it appears that BP is capturing more of the gushing oil from the broken pipe. The amount of oil being collected from the gushing oil pipe is increasing as BP today announced that:
“The lower marine riser package (LMRP) containment cap, installed on June 3, continues to collect oil and gas flowing from the MC252 well and transport them to the Discoverer Enterprise drillship on the surface.
In the first 12 hours of June 13 (midnight to noon), approximately 7,720 barrels of oil were collected and 16.9 million cubic feet of natural gas were flared. On June 12, a total of approximately 15,000 barrels of oil were collected and 32.9 million cubic feet of natural gas were flared. The total volume of oil collected by the LMRP cap system since it began operation is approximately 127,000 barrels. A further approximately 22,000 barrels of oil previously had been collected through use of the Riser Insertion Tube Tool and stored in the Discoverer Enterprise.”
[source, BP.com]
President Barack Obama calls oil spill equivalent to 9/11 attacks.
President Barack Obama said in a White House interview by Politico that the BP oil spill is comparable to the September 11 attacks on the World Trade Center as it relates to the impact that it is having on our nation.
The President said that, when looking at the fact that the BP oil spill crisis came out of nowhere, and was unexpected, and that the crisis will have a long term impact on our country – long after the crisis has passed – these events are comparable to the 9/11 attacks.
“I think he’s off-base,” said ex-FDNY Deputy Chief Jim Riches, whose son died at the World Trade Center. “These were terrorist attacks, these 9/11 murders, not something caused by people trying to make money” – according to the NYDailyNews.com.
Will BP Suspend their stock dividend
Finally, it is being discussed on CNBC this morning that BP is apt to suspend their stock dividend. The cost, and the global impact of the oil spill, is having a dramatic impact on BP’s bottom line. And obviously, this is literally billions of dollars that BP was not expecting to pay out.
The BP suspension of their dividend is not expected to happen today.
BP Oil Spill Live Video Feed
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the problem is that BP or horizon engineering reviewers are to hard headed or to slow,UNITED STATES E.P.A. must step in and resolve the problem
and what the hell does the EPA know about oil well, they are the ones who is screwing everthing up in the clean up process
Oh that right Obama has all this under control, HA HA, if the GOVERMENT we have today can not handle this how are they suppose to handle the healthcare of the US. Thats right they can't look at the Post Office, and DMV, Social Security is about brook.
As soon as the oil leak gets fixed, Obama will be the first to take credit for getting it fixed. He's a joke!
How about use fire to burn all oil around the gulf and start a new marine sea over there. All BP need is a condom that can cover the head (like penis head) to prevent oil ( sperm) from bursting out....
This pipe suffered an explosion that blew the top off of it. It is likely that other parts of the pipe were overstressed during the explosion as well. If you "stop" the oil flow by plugging up the top it seems pretty likely that the pressure will blow through the weakened pipe someplace else. If it does this then we are unlikely to be able to anything else useful until the relief wells complete. Better to collect the oil into pipes and send it to ships on the surface - which is exactly what is happening now. As best I can understand they are now collecting as much as the surface ship can handle. A second ship is on its way that will almost double the surface ship capacity to process the oil coming to the surface. I hope that is enough to collect what is coming out.
It is hard to believe that BP has a solution in hand but for some reason won't deploy it. I can think of no motive for BP to delay implementing any solution they think will work.
Absolutely this is worse then 911 on our economy and habitat. We may need to decide what type of world we want to live in...a world with a lot of cars and cheap gasoline or a world with no beaches to swim in..fish, birds, ....and you have to wonder as to the long term effects in the form of even climate change if rich oil companies and our govt does not get their act together...seems to me that all of the oil companies should be lending their expertise to a solution and not just BP which has already shown it is pretty inept.
"And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea." Revelation 16:3
I hope this is a wakeup call for any American still believing we do not need to accelerate our research and production for non-fossil fuel energy technologies. The fact that most every large company asked their field offices to maintain a contingency plan in case of an emergency, including natural disasters, is common place in the 21st century business landscape. The point being; it is unfathomable that BP, and the oil industry as a whole, does not have a contingency plan to deal with “any scale” of oil leakage or man made disaster. The fact that BP representatives indicate emergency technology hasn’t yet been developed because there has never been a spill of this magnitude is, well… severely incompetent! If WE let the oil industry off the hook with that statement without accountability, well… WE are to blame.
The human and animal death toll, due to the extraction of fossil fuels from the earth, will continue to rise as long as “WE THE CONSUMER” are naive enough to think we don’t play a part in these disasters. That’s right, stand up and take your portion of the blame. After all, it is “WE” who create the demand which allow these companies to operate their businesses irresponsibly. Ask yourself, did you know who was accountable for running the checks and balances on this industry before this disaster happened? I sure didn't know, but I sure know now. We have the right to expect our President, and other elected officials, to do their jobs and make the right decisions to execute the appropriate change to offshore drilling laws/policies/practices to ensure this never happens again.
BP, get this leak stopped!!