Sunday, September 19, 2010

...BP Well

It has been plugged, for real this time. Five months after the well exploded, killed 11 people, sank to the bottom of the ocean and spewed out 206 million gallons of oil causing the worst oil spill in the world, the well has been sealed and will no longer cause any more damage at 6:54PM EST. The well was 2.5 miles below the sea so I do understand why it took so long to seal it off. The oil from this well spread from Texas to Florida and so far has cost BP $9.5 billion to cleanup, but there is still much more t do and many more lawsuits and government fines to come. BP's stock has fallen sharply and the company fell out of the top 100 companies in the world. The people of Louisiana, who got the worst of it all, pretty much lost a lot of their seafood industry for decades to come. I do not have much more to say about this. I do see this as a horrible incident that possibly could have been avoided, but on the other hand I think that whenever oil is being drilled on land or at sea things like this could happen and it should not shock us so much. I hope that the long term effects of the spill are minimal, but that is something we will definitely have to wait and see. I am giving this news a Digit Up though because this really is good news for everyone involved.

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