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BP Oil Spill Relief Well Scenarios: What Happens If It Doesn't Stop Gusher?

As engineers bore deeper into the seafloor toward the source of the oil still spewing into the Gulf of Mexico, BP PLC is growing more confident that the relief well it expects to complete in August will succeed where all previous efforts to contain or kill the gusher have failed.

But what if it doesn't work?

At the very least, oil would continue to spill while workers try something else.

That proposition would surely bring more misery for the people who live, work and play along the shores from Louisiana to Florida.

 

Tests on Gulf oil "superskimmer" inconclusive: TMT

Tests on a supertanker adapted to skim large quantities of oily water from the surface of the Gulf of Mexico are inconclusive because of high seas, ship owner TMT Shipping Offshore said on Monday.

Senh: When is this thing gonna end? It just seems like it goes on and on and on. How much oil is still left?

 

BP oil spill costs rise above $3 billion

BP oil spill costs rise above $3 billion

BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

 

Gulf oil cleanup resumes, new drilling rules awaited

Gulf oil cleanup resumes, new drilling rules awaited

Washington was preparing a revised offshore oil drilling moratorium and cleanup efforts in the Gulf of Mexico returned to normal on Friday after hurricane Alex passed through the region without doing major damage.

 

New York Fed probes Wall Street exposure to BP: sources

The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk, according to two sources familiar with the matter.

 

BP Denies CEO Hayward Is Resigning

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

 

Oil Gushes Unchecked After Problem With Cap

The Coast Guard says BP has been forced to remove a cap that was containing some of the oil gushing into the gulf.

 

BP Executive Prepares to Take Over Spill Response

BP Executive Prepares to Take Over Spill Response

Robert Dudley, who will take charge of BP’s spill response, has plenty of experience dealing with a hostile government, unhappy partners and angry citizens.

 

Rig owner attacks Obama, BP executive heckled

The owner of the Deepwater Horizon rig, which is spewing oil into the Gulf of Mexico, on Tuesday criticized President Barack Obama's six-month ban on deepwater drilling.

 

BP Document: Worst Case Could Be 100,000 Barrels a Day

Massachusetts Rep. Ed Markey releases an internal BP document that shows leak could spew far more oil into the Gulf of Mexico than has been estimated in public accounts.

 

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