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Gulf Bacteria Quickly Digested Spilled Methane
masterwit writes "From an AAAS news release: 'Bacteria made quick work of the methane released by the Deepwater Horizon blowout, digesting most of the gas within the four months after its release, according to a new study published online at ScienceExpress.' This study, however, did not deal with other chemicals (oil) from the disaster's fallout. A glimpse of good news from the disaster's aftermath."
Reader iamrmani points out a related article suggesting that things may be looking up for BP after the Presidential Commission said blame for the disaster should be shared with service contractors and government regulators.
Well, the MMS was f'd up beyond all belief and one simple rule that the Canadians require would have made the response take weeks instead of months, require the relief well be drilled in parallel with the main bore. That simple regulation would have meant a small portable rig would have been all that was needed to finish off the kill shot. If you think that ANY company will take safety more seriously than the cost of f'ing up then I have news for you, that's not how capitalism works which is why we need strong regulations despite what crazy folks want.
There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
Before the spill, BP was trading at $60+/share. Today, they're at $45/share. I can't help but think that since they have already paid out most of the money that will have to and since they have settled most of the claims, and since the well is good and dead, that the stock price has to recover to it's previous levels. If you buy today at $45 and it recovers only to $60 in a year, then that's still a 33% return on investment, which is absolutely terrific, especially in a down economy. Any thoughts?