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Originally Posted by NeilBlanchard
This is an epic disaster. Some people are predicting that the oil cannot be stopped, and it will continue to gush until the oil/gas is depleted, OR until the pressures are equalized! By BP's own estimate, that would mean that about 50 MILLION BARRELS in total will be in the water.
That is 2,100,000,000 GALLONS of oil, and who knows how much methane....
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There's no way the entire field is going to bleed out for decades until it's dry. The relief wells will be completed by the end of summer, and the experts' consensus is that that will be just about the end of the oil spill.
Assuming a million gallons a day all summer, you're looking at roughly a cube 270ft on each edge.
Quote:
Originally Posted by redyaris
The price is always right... when some one else is made to pay!
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BP will be made to pay $1100-4300/bbl per the Clean Water Act. The fine per barrel depends on whether or not they are found to be "grossly negligent". That will be a $5 billion to $20 billion fine, on top of any liability claims they're made to pay, plus cost of the cleanup, lost revenue from the oil that's spreading across the Gulf unsold, and the loss of the $0.5 billion Deepwater Horizon.
BP doesn't have many friends right now, and I don't think they'll be able to talk their way out of any fine that the government wishes to hand them.