The jury still seems to be out as to what the ultimate fate of the Southeast USA will be as far as the big oil spill in the gulf goes. No oil seems to have creeped ashore yet, and I am sure all the coastline residents are praying that it moves somewhere else.
I have noticed a bunch of interesting things about the story of the Deepwater Horizon. Feel free to chime in or make your own observations on the story.
First and foremost, the human cost has taken a major backseat to the environmental cost in the media reporting. I have seen a ton of old Exxon Valdez footage, and a lot of status updates on the slick but very little footage or even mention of the families of the workers who lost their lives on the rig.
Pretty much nobody who is reporting on this story knows anything about how a deepwater oil rig works. That includes me. I took a few minutes to peruse a blog or two that had people on it that know what the deal is and it was like they were speaking greek in their comments. Very fascinating stuff.
I think that BP and Transocean are doing everything they possibly can to get that thing plugged. It will be interesting to see how they do in the coming days when the seas die down.
So far the markets seem to be doing a big shoulder shrug on the whole thing. Time will tell on that one.
The federal response has been quick (for the feds), but I think they are in over their heads as far as the technical issues go.
If you are into Facebook, this is cool. Sure you are getting info that certain parties want you to get, but it is far ahead of anything that we used to get, which was basically zero. There are interesting documents and photos on the site as well.
I hope that the parties involved will be able to plug/cap the well soon and get the mess cleaned up.