USGS science crowd has leak rate closer to 50,000 bbl/day. Which is why the risk was taken on the site. pumping $100M/day on a $1.2B investment is nearly printing money.<br><br>Which is why the sloppy safety engineering is so bad. They have the resources to put redundant safety systems in place. They could have done this right. If they had, they would have still been slammed for the loss of 11 crew but they could have garnered kudos for preventing a major environmental disaster with their science, engineering and management foresight.<br>
<br>However, BP has surpassed Exxon for public distaste. <br><br>I like punative damages of 10x the barrel price per barrel leaked daily until it's plugged off.<br><br>Plus actual damages and jail terms for upper management for gross negligence. Same goes for rig owner who provided the dead valve and Haliburton for crappy concrete work.<br>
<br><div class="gmail_quote">On Wed, May 26, 2010 at 4:15 PM, drifter <span dir="ltr"><<a href="mailto:drifter@oppositelock.org">drifter@oppositelock.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
I believe a "barrel" of oil is 42 gallons. But even at that rate the<br>
oil leaking out of the well is worth about $13.6 million per DAY --<br>
assuming the earlier quoted figure of 5,000 barrels a day is still accurate.<br>
<br>
Sean<br>
<div><div></div><div class="h5"><br>
<br>
<br>
On Wednesday 26 May 2010 15:54:12 Mike Harrison wrote:<br>
> >> <a href="http://inhabitat.com/2010/05/20/kevin-costner-is-cleaning-up-the-gulf" target="_blank">http://inhabitat.com/2010/05/20/kevin-costner-is-cleaning-up-the-gulf</a><br>
> >>-with-his-oil-separating-technology/<br>
><br>
> At $$ (70?) per 55 gallon barrel.. it should be worth gathering from a<br>
> purely capitalistic standpoint..<br>
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</div></div></blockquote></div><br><br clear="all"><br>-- <br>-- <br>James P. Kinney III<br>Actively in pursuit of Life, Liberty and Happiness <br>Doing pretty well on all 3 pursuits <br><br>