I know some of you guys said there is no risk with BP - the NY Fed probed Wall Street in the past 2 weeks to find out what risks are present and to ensure that if the Oil Giant bukkles due to the oil spil that it will not place the global financial system under risk again. see - http://www.cnbc.com/id/37983279 Another comment, Credit Suisse has increase collateral requirements for their business with BP due to increased risks. Just letting you guys know if you keen on buying shares in the firm...
Yes, the problem is not the lost oil, but the environmental disaster, they cleaning up all the time but until they can stop the leak it really dont matter because its an ongoing issue to clean. Thats the big problem, not the oil thats gone to waste.
As i understand it BP CAN STOP THE LEAK,trouble is then the oil is lost to then for ever.This startling fact came out when they put the cap over the borelhole casing.One of their engineers said they had to allow some sea water in ,other wise the gasses cause freezing and so block the well and prevent further escape of the oil! Then the other relief wells would have too much pressure put upon them and all might be lost.I read this on CNN and there was quite an amount of caustic comment.Since then nothing.On a slightly different tack,it mus be noted that one of the major shareholding nations are the Americans.
they should take one of the those huge oil platforms off the mono tube hull they float on..then sink the mono hull over the leak... then pump concreate into the mono hull and then the cap will be about 10ooo times bigger than the hole.. then they can pump out the oil they are *****ing around with small solutions when a big solution is needed