The relief well that BP (NYSE:BP) has been working towards over the last few months, is only 100 feet away from reaching their target. The completion of this process will insure no more crude oil is ever released into the ocean by the Macondo well. It should also have a big impact on oil trading.
John Wright is the man who will be guiding the drill over three miles from the surface and two miles below the sea floor. The target he will be attempting to hit is less than half the size of a dartboard. If Wright misses the target, BP's engineers will pull the drill up and pour concrete into the hole, and then try it again.
Wright has helped companies for over four decades cap wells all over the world. His track record is 40 for 40, hoping to make it 41 for 41 with his completion of the Macondo well. After watching a video from BP in June, he said he is quite confident that he can do it.
"Out of forty relief wells that I've drilled, we've never missed yet. I've got high confidence we will take care of this problem as soon as we can get there," said Wright.
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Stop blogging -- these are 3rd grade comments. I'm going to report this blog to google to ignore.
ReplyDeleteHow will the relief well impact oil trading???? And why????
ReplyDeleteim just a passer by - but in regards to the comment above - why shouldnt he blog - after all its a blog website
ReplyDeleteThe title does not cover the contents of the article at all... and as a comment on the previous comment: this blog is listed in the news on BP on the Google Finance page and that while its relevance is nearing zero.
ReplyDeleteso BP is down $1.85 from recent highs that isnt very much for what its gained ill take these few days of red with little consideration except for perhaps a bargain buy, no stock should go up everyday, this is just some pressure blowin through that will provide a new floor of 40 for BP to charge up from.
ReplyDeleteI believe crap site like this is designed to fool trading bots. They sell the stock the first millisecond they scan the word "bankruptcy" showing on sites with large following. In normal days these sites post 3rd grade comments with big title to draw in traffic to fool the bots into thinking it's a relevant site.
ReplyDeleteSomebody asks google finance to stop linking to this rubbish blog please.
I believe crap site like this is designed to fool trading bots. They sell the stock the first millisecond they scan the word "bankruptcy" showing on sites with large following. In normal days these sites post 3rd grade comments with big title to draw in traffic to fool the bots into thinking it's a relevant site.
ReplyDeleteSomebody asks google finance to stop linking to this rubbish blog please.
BP stock is still really cheap. People are selling it for no reason. here is a good article to read
ReplyDeleteBP article
Consider this a snaky comment in return for wasting my time.
ReplyDeleteBP is good company and deserves much more respect. Accident is circumstantial. All these companies are taking major risks. I can not imagine, 50 miles from shore in this wast ocean, one mile deep and then going further three miles to get to oil reservoir.
ReplyDeleteThe title of the article suggests an "impact on oil trading".
ReplyDeleteWhat impact?
If there is one will it be for
better or for worse?
And for whom?
The article has no connection with its contents. It comments on a technician's skill and nothing else.
Legal disclaimer: "For entertainment purposes only; information provided may be inaccurate, incomplete, or out of date. No warranties or guarantees provided." --DM
ReplyDeleteA better title would be "John Wright is awesome"
ReplyDeleteif anything a site like this is a market place of ideas for people to bring in their two cents. because unless your checking every stat yourself, then your still just trusting some one's opion.
ReplyDelete*ive said it here before , and here it is again. "even i can see that, and im a stoner."
You are a retard... get some real news and stop clogging google finance BP feed.
ReplyDeletebp going bust soon
ReplyDeletegood luck