what's next for u.s. offshore oil drilling? - oil containment boom
Can you hear the rush?
This is the sound of expensive shoes bouncing around the floor of BP's legal department, as groups of lawyers try to minimize the economic losses of the Gulf of Mexico oil spill to the company.
Lawsuits against BP and other related companies followed suit.
Environmental activists predict the slaughter of marine life in the Gulf.
Many onlookers were stunned by images of the choking death of wild animals on television, and Southerners were afraid of losing their livelihoods, and they might agree to the idea of "asking for 'big oil' from cleaners.
With the stock of the companies involved being hit hard in the market, few people sympathize with them.
Let's take a look at the facts we know . . . . . . Impact on the parties concerned . . . . . . And make some less emotional conclusions about the future of offshore oil from here.
50 miles off the coast of the state of Luis Anna, there is a deep-water Horizon oil rig.
After the discovery of oil, a well was drilled 5,000 feet metres below sea level in an attempt to mine global goods that the world sees as its safe zone.
Well casing is preparing for temporary abandonment-a common operation of offshore wells, consistent with normal oilfield practices.
As part of this process, the company of Burton (NYSE: HAL)
Sign a contract to provide several specialized services on the rig.
One of them is "cement injection" in the final production casing of the well ".
Burton invented the oil well process.
There are thousands of successful jobs every year.
The company said it had conducted deep-water horizon drilling according to the drilling design.
In April 19, the test to ensure the strength of the casing was successfully completed.
About 20 hours later, the rig exploded.
The explosion triggered a series of incidents that caused the sinking of the rig, killing 11 people and still without reasonable explanation.
But at the time of the explosion, the company had not yet used the temporary cement plug as the last step in the process of abandoning the well.
At this point, the focus of the investigation is on the cementing process in caliberton, although it is too early to draw a conclusion.
The subsequent three leaks of the pipe caused a huge oil slick.
BP issued a statement saying the explosion was caused by "equipment failure.
It's actually a huge understatement.
I mean, can't anyone think of it?
Nevertheless, this is our only answer before the thorough investigation is completed.
Culprit: Blowout Preventer (BOP).
However, it is not known whether any security procedures have been violated. The BP-
The Exxon Valdez crude oil spill was evident from the March 1989 Exxon Valdez tanker spill in Alaska.
It is assumed that the leakage rate is constant, about 3.
When you read this, 6 million gallons of oil will leak out of the well.
Compared to Exxon Valdez, who leaked 11 million gallons, it pales.
Another big difference here is the distance from the coast.
Exxon Valdez's oil spill was disastrous-it hit the 1,300-mile coastline, affecting 28 wildlife species, and reportedly killing more than 253,200 animals.
Most of the heavy oil currently leaking is still in the Gulf.
While some of the oil has landed, there is more time for the staff of the containment and oil boom to prevent most of the oil from hitting the coast.
Nearly 1,000,000 feet of the enclosure boom has been deployed, and the thickest part is being blocked and burned before reaching the shore.
The small skimming tanker can handle most of the oil that reaches the shore enclosure boom.
I may be wrong, but my guess is that the number of wildlife that will eventually be affected will be far less than the number of Exxon Valdez leaks in 1989.
Then the dome . . . . . . Containment dome ComethBP successfully blocked the smallest of three leaks in the pipeline on Wednesday.
But in order to fill the biggest hole, BP has recruited Wild Well Control, an oil service company specializing in the oil disaster.
It built a huge 98. ton, 40-
The steel dome with high feet, which is the biggest leak reduction.
The pipe is being attached to the pipe and will bring the oil to the surface and then load the oil onto the shipping ship.
If everything goes as planned, it will clog 85% to 90% of the leak.
By then, we may have to deal with about 5 million gallons of Gulf oil.
In addition to the measures I just mentioned, the waves break down some oil and sink to the bottom of the bay.
Given my engineering background, I tend to think that something like this is a problem that needs to be addressed and I'm betting on success here.
Then the question becomes: What will the future of America be? S.
Offshore oil drilling?
To reverse the negative impact on the US, the future of offshore oil drillingS.
Offshore oil drilling, we need to know two pieces of information: Now, let's cut from the fanatic and political chest of the 24/7 media --
Just because there is a problem, it does not mean that drilling at sea will stop.
In fact, it will continue to grow in all parts of the world.
When asked about the future of offshore drilling, Democratic Senator Mary landriu of Luis Anna State told CNBC's "Squawk Box" on Wednesday morning: "It's yellow light now.
Let's put on the investor's hat.
But before that, let me not make any potential comments, bashing me as an indifferent and ruthless capitalist, hoping to profit from a disaster in which the loss of life, the environment and livelihood are affected.
I care about the incident as much as anyone else and I really want the damage to be minimized.
But, while watching and reading media coverage, I don't think it's going to be as bad as some people say.
Once it's over, the hype will subside and we will be back in this era
Old problems with Native American energy.
So where will investment opportunities be once this event becomes history?
To put it simply, as the world's demand for oil seems to be endless, many oil and oil service companies will continue to benefit.
There is an ETF representing them-SPDR, the Energy selection Department (NYSE: XLE).
If you are looking for a personal investment, it includes the oil giant in its portfolio, and other oil companies with strong positions include: Disclosure: No.