BP (NYSE:BP) ended Tuesday's trading session at exactly $40 a share, continuing their incremental move upwards, as more clarity in reference to their overall liability in the Gulf oil disaster emerges.
Among the integrated major energy companies, BP led the way for the trading day, gaining $0.58, or 1.47 percent.
BP also launched their "static kill" efforts at about 4:00 PM EDT Tuesday, after fixing a leak in their hydraulic system.
Teams also continue to scour the Gulf states to determine the extent of damage to wetlands and other related habitats and wildlife. So far it is far less than originally believed, which is good news for BP.
The Gulf has also been found to be far more resilient in taking care of itself, as little oil remains after evaporation and microbes, which in the case of the microbes eat the oil as dinner.
Warm waters in the Gulf contribute to the propagation of the microbes, which the increased amount of oil contributed to their expansion.
The dispersant used by BP also helped tremendously in breaking down the oil to more manageable size for the microbes, all of which has contributed to the far lower than estimated damage to the region.
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Microbes need oxygen to consume oil, vast amounts of oil need vast amounts of oxygen. As this feeding bonanza progresses, the anaerobic zones will be massively increased and one of the most biodiverse parts of the ocean will be put under threat of suffocation.
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