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Monday, May 17, 2010

BP rig massive oil leak in Gulf of Mexico

I'm not worried at all about the massive oil leak in the gulf of Mexico because everyone is going to win in this disaster except the earth and the local fishermen.

From what I know, BP alone can deal with 50 such oil leaks given the fact he made huge profits year over year, even record profits until 2 years ago in 2008. Oil companies like Bp, Exxon Mobil and Shell make millions of dollars per second! That's why I'm not worried for them.

President Obama recently extend the atlantic-side oil drill-able area. That's why it's in BP best interest to fully finance the repercussions of this massive oil leak else he won't get privileged access to the new drillable area and his competitors will.

Furthermore, millions of dollars are already being spent every year to find new oil reserves in difficult areas. What we have now in the gulf of Mexico is an active reserve spurting thousand of barrels a day which is so apparent that we can see it from space and is just waiting to be exploited. It's out of question to just block the leak in an unexploitable way by means of nukes etc. Whatever the time it takes to get control over the leaks is justifiable because there are loads of money to make. So its just a question of time and time alone, these oil companies know best in situation like this. They have the resources it takes and have the best engineers in this field. They are the expert and we just have to wait and see how they transform such a chaotic situation into a profitable one.

As for the massive oil spills over the sea, this will give life to small entrepreneurs who will recycle the oil slicks and restore the disturbed fauna and flora over 10 or so years. End of story.

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