Time Is Energy

The oil volcano continues...

The BP "spill" a.k.a. the gulf oil gusher of 2010, is going from what initially sounded like a mess with a tragic accidental loss of eleven lives (@1000 barrels/day),
to a national environmental disaster (@5000 barrels/day)
to what could turn into a(n international) catastrophe that will make the Exxon Valdez look like a kindergarden prank (@50,000 barrels/day? 100,000 barrels/day? 200,000 barrels per day? 300,000 barrels/day? more?)

Something that is important to remember is the original well was drilled in the expectation of lots of oil production. 5,000 barrels a day at $80/bbl is only $400,000/day, but that wouldn't pay to run the lights on a rig that required 126 people to operate, let alone make a profit.

Remember each barrel counts as 42 gallons.

"Pre-Drilling: BP estimated a spill of 165,000 barrels per day would not even reach land!"

These is an incredible video of the "spill" taken last week about 3-4 screens down on this page:

http://bpoilslick.blogspot.com/

This guy from this website says that video we have seen of oil+gas pouring out of a broken pipe shows a 5 foot diameter pipe!

In less than a week it will have been erupting oil for a month!!!

posted by Daniel @ 12:16 AM