Prior to the the blowout this well was a “Spindletop”
gusher. Will BP be able to get this oil? Since
their rig was destroyed, will they abandon it, or
make another attempt to get the millions of barrels
down there? Just Curious.
The US laws state that any well under water that suffers a blowout, must be cemented and abandoned. So the Macondo 252 wont be a production well. Possible that they could drill some new wells in the future or convert the Relief Wells. That oil is actually our oil. We own it and the US government leases the rights. We (the US government) gets royalty payments on the oil produced. And unfortunately the US government blows those royalty payments before we ever see any of it. Now former governor Palin up in Alaska actually was sending her citizens checks for their produced oil royalties.