Comment

Obama's BP Speech

439
Gus6/15/2010 6:36:22 pm PDT

re: #430 Bagua

Drilling not production. But it interrupts wells in progress, they have to be shut in and abandoned.

If the President used the same principles, he will have to shut down most land drilling as well for a few years.

That means reduced production won’t be as bad as I thought. I’m sure the probability of another BOP failure like this is minimal. They’re under a lot of pressure to lift the moratorium.