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MAP OF THE DAY: BP's $12 Billion Nightmare (Oil Well Leak)
The Business Insider ^ | 4-29-2010 | Vince Veneziani

Posted on 04/29/2010 11:14:27 AM PDT by blam

MAP OF THE DAY: BP's $12 Billion Nightmare

Vince Veneziani
Apr. 29, 2010, 12:52 PM

As the Transocean/BP oil spill continues to move toward the US coastline, states like Louisiana are gearing up to protect beaches and wildlife.

The result of this mess? BP Plc (BP) is down 6.9% or $3.98 to $53.36 a share whilst Transocean (RIG) is down 5.9% or $5.02 a share to $79.87. BP has lost $12.4 billion in market cap today alone as a result of this mess and comments from government officials about going after the situation that lead to this kind of.

BP has since lost $26 billion in market cap this week.

This map from NOAA.gov shows the projected paths that the oil will head including their approximate locations as of yesterday evening. Looks like Mississippi, Alabama, and Louisiana are now are now in the path of the fury.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: bpgulfcoast; oil; spill
For those of you that don't know....the whitest beaches in the world begin on the west side of Mobile Bay (Dauphin Island) and extend all the way down the Florida coast.They are breath-takingly beautiful...so white, that sunglasses are required to look at them.

The Famous Pensacola Beach Sign

1 posted on 04/29/2010 11:14:27 AM PDT by blam
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To: blam
so white, that sunglasses are required to look at them.

L

2 posted on 04/29/2010 11:15:48 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: blam

not anymore, sadly.


3 posted on 04/29/2010 11:16:52 AM PDT by brivette (need help.)
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To: Lurker
Be nice.

I live just above the 'B' in Mobile Bay on the map.

4 posted on 04/29/2010 11:18:49 AM PDT by blam
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To: blam

Well, BP doesn’t want to be an evil oil company anyway, so I sure don’t have any sympathy for their loss to the bottom line.


5 posted on 04/29/2010 11:20:49 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: blam

As rare as this sort of thing is, I think it put a stop on any new offshore drilling platforms that could last years.


6 posted on 04/29/2010 11:22:02 AM PDT by NavyCanDo
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To: blam

What perfect timing for a rig to explode.


7 posted on 04/29/2010 11:22:43 AM PDT by bicyclerepair (FR - my online family. From Ft. Lauderdale, Florida)
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To: bicyclerepair
I'm not big on conspiracies, but the coal mine disaster in WV and the oil rig explosion kind of make it easy for Obama to say -- "Fossil fuels are killing us! Let's bankrupt those industries ASAP!"

Don't want to let a crisis go to waste, ya know.

8 posted on 04/29/2010 11:25:12 AM PDT by ClearCase_guy
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To: NavyCanDo
Here's The Questions You Should Be Asking About The Gulf Of Mexico Oil Spill
9 posted on 04/29/2010 11:30:44 AM PDT by blam
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To: blam

“BP has lost $12.4 billion in market cap today alone as a result of this mess and comments from government officials about going after the situation that lead to this kind of.”

To clarify, they didn’t lose that from the leak, they lost it from the potential government vilification.


10 posted on 04/29/2010 11:31:16 AM PDT by kenth
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To: blam

I just heard on the local news that authorities are contemplating opening the shrimping season early so that the shrimpers can get some of the shrimp before the slick arrives.


11 posted on 04/29/2010 11:33:15 AM PDT by blam
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To: blam

Should have had American oil companies drilling there. Will Europe pay for the damages?


12 posted on 04/29/2010 11:36:49 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: blam

Sad.


13 posted on 04/29/2010 11:41:33 AM PDT by goseminoles
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To: kenth
Fed Officials, Navy Equipment Rushing To Oil Spill

"WASHINGTON – President Barack Obama pledged an all-out response Thursday to the massive oil spill now expected to reach the Gulf Coast within a day and dispatched top officials to the region to help coordinate defenses against the potential environmental disaster."

14 posted on 04/29/2010 11:44:49 AM PDT by blam
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To: Dallas59
"Should have had American oil companies drilling there. Will Europe pay for the damages?"

I read some time back that it is mostly Kuwaiti's that own BP.

15 posted on 04/29/2010 11:46:35 AM PDT by blam
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To: blam

Just heard the same here in New Orleans. I think they are allowing them to begin catching white shrimp tonight.


16 posted on 04/29/2010 11:54:54 AM PDT by lsucat
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To: blam

Thanks for the informative map.

None of the TVnets have had anything so detailed granted, albeit my viewing has been sporadic.


17 posted on 04/29/2010 11:55:21 AM PDT by swarthyguy (KIDS! Deficit, Debt,Taxes!Pfft Lookit the bright side of our legacy -Ummrika is almost SmokFrei!)
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To: lsucat

Got ya shrimp - they be a bit oily this yar!


18 posted on 04/29/2010 1:09:22 PM PDT by Voter62vb
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To: Dallas59

BP is headquartered in both London and Houston. All work done in North America is done by BP America.


19 posted on 04/29/2010 6:50:51 PM PDT by proud_yank (Socialism - An Answer In Search Of A Question For Over 100 Years)
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To: blam

” Here’s The Questions You Should Be Asking About The Gulf Of Mexico Oil Spill (http://www.businessinsider.com/gulf-of-mexico-deepwater-horizon-oil-spill-2010-4)";

Thanks for the reference to an excellent article, which is very informative and explains why the sane response is to continue to drill offshore, albeit as safely as possible.

A reader remarking on the article had this to say:

“The U.S. is probably the only country in the world that does not require a Sub-Sea Safety Valve (SSSV) to be installed on every offshore well. This allows wells to be shut in even if the blowout preventers are damaged. Why MMS does not require this is beyond me.”

Anybody know about this?


20 posted on 04/29/2010 8:36:04 PM PDT by freethinker_for_freedom
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To: freethinker_for_freedom
"Anybody know about this?"

Well, I heard the same thing from another source.

21 posted on 04/29/2010 9:45:39 PM PDT by blam
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To: freethinker_for_freedom

I know one thing, that whole issue sounds like some lefty-lib BS to make the US look bad. I believe it when I hear it from a reliable source.

Anyhow, the actual damage oil spills do is usually way exaggerated in MSM. Nature repairs itself pretty well in the wnd and there’s very little we feeble humans can really do to cause *permanent* damage.

If some weird species only a couple of long-haired ecofreaks ever even knew existed disappears from a few miles of shoreline... well sorry to say but who gives a sh*t? Crude oil is NOT some artificial superpoison but pretty much just the end product of biomass decomposing.


22 posted on 04/30/2010 2:00:14 PM PDT by AtlasShrugger
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