ENVIRONMENT - With the cost of crude oil at $74 per barrel entrepreneurs in the Gulf of Mexico have clued in to an opportunity. Collect the oil and sell it.
1 oil barrel is 159 litres and since the BP Oil Spill started over 800,000 litres were spilling into the Gulf of Mexico every day. Most of it has stayed in a giant oil slick that is now roughly the size of the state of Vermont.
That initial estimate of 800,000 litres per day is now being touted as wrong. BP announced today its been semi-successful in managing to halt some of the flow from the burst oil well, claiming it is now collecting 15,000 barrels of oil a day and hopes to boost that to 28,000 barrels a day in the next several days.
The admission that the spill was bigger than they originally claimed has the US government now looking to correct its estimates on the size of the spill. The new estimate is 100,000 barrels per day (16 million litres).
The burst well has been gushing oil since April 20th, a total of 50 days thus far... 5 million barrels worth approx. $370 million on the open market. BP cannot possibly hope to recoup their financial losses through the collection of this oil.
But that is not stopping cash starved people in Louisiana from recognizing an opportunity to make money and clean up the environment in the process.
In related news BP has purchased a number of Google ads in an effort to save its reputation and appear more transparent to the general public.
Subscribe to:
Post Comments (Atom)
Featured Posts
|
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
Visit amazon.com/author/moffat to get free short stories and huge discounts on fantasy books by Charles Moffat. Sale ends on October 20th. -
CANADA - One of Canada's elite commando units, the JTF2 commandos, have returned home to Canada after serving in Afghanistan for almos... -
And the similarities don't stop there. Hitler and Trump have a lot more in common. The context in which Adolf Hitler was elected is... -
CANADA - Interesting Fact: Stephen Harper 's Conservative government in Canada has only shown up to work for 14 days between June 1st ... -
POLITICS - With Kim Jong-Il dead the future of North Korea has become very uncertain. If you haven't heard already, Kimg Jong-Il, th... -
CANADA - “Harper does not like StatsCan, that’s what we kept hearing,” says a longtime employee of the agency which handles Canada's st...
-
By Ai Lung Nguyen - February 2011. TECHNOLOGY - It really boils down to a battle for market share... Facebook and Google have been conduct...
-
CANADA - Seriously... who was going to vote for a bald guy named Rocco Rossi??? According to polls 4% of Torontonians were thinking of voti... -
CARS - Nobody ever steals a pink car. According to a Dutch study which compared the colour of cars being stolen, pink is the safest colour ... -
I just finished watching Sicko (the 2007 documentary by Michael Moore about American health care, or lack thereof) and it is way better tha...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.