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Sunday, August 15, 2010
Saturday, August 14, 2010
Philip Weiss of Argus Discusses BP Oil Spill Costs
Aug. 13 (Bloomberg) -- Philip Weiss, an analyst at Argus Research, talks with Bloomberg's Julie Hyman about BP Plc's oil spill in Gulf of Mexico and the potential costs to the company. (This is an excerpt of the full interview. Source: Bloomberg)
Friday, August 13, 2010
US fishermen struggle amid oil clean up
The US government's point man on the Gulf oil spill says BP's blown-out well is not securely plugged to his satisfaction and that the drilling of the relief well must go ahead.
Retired Coast Guard Admiral Thad Allen has said that although no oil is flowing from the well, the "bottom kill" operation must be completed.
It was suspended earlier this week because of bad weather and could take four days to retstart.
The government estimates that the broken well leaked close to five million barrels of oil before it was capped and sealed.
And last week, it released a report stating only a quarter of that oil remains on, or underneath the water.
But in the fishing town of Lafitte, Louisiana, many people who depend on the Gulf waters for their living are questioning the government's claims.
Al Jazeera's Cath Turner reports.
Retired Coast Guard Admiral Thad Allen has said that although no oil is flowing from the well, the "bottom kill" operation must be completed.
It was suspended earlier this week because of bad weather and could take four days to retstart.
The government estimates that the broken well leaked close to five million barrels of oil before it was capped and sealed.
And last week, it released a report stating only a quarter of that oil remains on, or underneath the water.
But in the fishing town of Lafitte, Louisiana, many people who depend on the Gulf waters for their living are questioning the government's claims.
Al Jazeera's Cath Turner reports.
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