CRUDE OIL - A SHRINKING RESOURCE

CRUDE OIL, ENERGY, SHIPPING

Monday, August 02, 2010

A hole that was not to be - Oil RIP

The infamous leaking oil well off Louisiana, which drilled a big hole in BP's pocket, will soon be resting in peace as BP is all set to pump mud in the well. The 'static kill' will be deployed today to close the most expensive oil well ever drilled forever. With this BP would heave a sigh of relief ahead of yet another hurricane formation on the 'deep sea horizon'.

Life on Gulf beaches will bounce back to normal and business as usual, but scar will remain and haunt offshore drilling industry forever. We just learnt a lesson the hard way.

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