OT: Anyone watching the live feed of BP cutting the stack?

[KSMountain]

[quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.

[UCGal]

[quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.

[UCGal]

[quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.

[UCGal]

[quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.

[UCGal]

[quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.

[UCGal]

[quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.

[Coronita]

[quote=UCGal][quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.[/quote]

My understanding is BP, in theory has a limit on how much they *need* to pay, provided they aren’t found criminally negligent. Hence, why the investigation….But if BP is smart, they’ll settle outside of court. $10billion, they could absorb over a decade.

[Coronita]

[quote=UCGal][quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.[/quote]

My understanding is BP, in theory has a limit on how much they *need* to pay, provided they aren’t found criminally negligent. Hence, why the investigation….But if BP is smart, they’ll settle outside of court. $10billion, they could absorb over a decade.

[Coronita]

[quote=UCGal][quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.[/quote]

My understanding is BP, in theory has a limit on how much they *need* to pay, provided they aren’t found criminally negligent. Hence, why the investigation….But if BP is smart, they’ll settle outside of court. $10billion, they could absorb over a decade.

[Coronita]

[quote=UCGal][quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.[/quote]

My understanding is BP, in theory has a limit on how much they *need* to pay, provided they aren’t found criminally negligent. Hence, why the investigation….But if BP is smart, they’ll settle outside of court. $10billion, they could absorb over a decade.

[Coronita]

[quote=UCGal][quote=KSMountain][quote=Arraya]The don’t want to stop it really. It’s a choice between collecting oil or stopping the leak. They can siphon but not stop it the way the damage happened. I suppose the could siphon enough to pay for the cleanup, maybe a little more, but people would not be too happy about them not stopping the leak.[/quote]
Let’s “Bring some Data”:
20,000 barrels per day at $75 per barrel. That’s assuming you could siphon all of it at neglibible cost (unlikely). But anyway, that would mean the value of what’s leaking is $1.5M per day.

Uh, they’ve spent a billion already, and likely going to be on the hook for say at least $10B. The current hit to their market cap is like $40B right?

10B/1.5M = 6667 days, or about 18 years. But I believe I heard the well would run dry on its own in 3 years…

I’m thinking all in all they’d prefer to stop the flow ASAP.[/quote]

It’s worse than that – minimum penalties for spilled oil are $1100/barrel. It could go up to $4300/barrel

http://www.reuters.com/article/idUSTRE64O75Q20100526

I’d say they have motivation to stop or slow the leak. If you use the most conservative numbers presented – 5000 barrels/day – that’s $5.5M/day. That starts to add up to real money as the weeks go on.[/quote]

My understanding is BP, in theory has a limit on how much they *need* to pay, provided they aren’t found criminally negligent. Hence, why the investigation….But if BP is smart, they’ll settle outside of court. $10billion, they could absorb over a decade.

[UCGal]

Well… since they had 6 Billion in profits for the first quarter… they should be able to come up with the coin.

http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2010_results.pdf

[UCGal]

Well… since they had 6 Billion in profits for the first quarter… they should be able to come up with the coin.

http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2010_results.pdf

[UCGal]

Well… since they had 6 Billion in profits for the first quarter… they should be able to come up with the coin.

http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2010_results.pdf

[UCGal]

Well… since they had 6 Billion in profits for the first quarter… they should be able to come up with the coin.

http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2010_results.pdf

[Author]

Posts