Wind Both Blow
Wind Both Blow BP has been thrashed by political tempests and market turbulence since its oil spill in the Gulf of Mexico became the worst environmental disaster in US history. But its the prospect of a real live storm that is really worrying the financial and scientific experts alike, as Hurricane Alex swirls its way towards the south US coast.This particular hurricane the first of the brewing season is likely to avoid hitting the slick directly, but winds could sprinkle more oil inland. The states are now reporting 413 miles of oiled shore, up from 179 miles this week after a re-appraisal of what constitutes pollution in Louisiana. BP is hoping to have plugged the leak by mid-July or August, but the risk that a hurricane will spread the millions of gallons already lurking in the ocean will remain until November, when hurricane season is over.The risks are not limited to further contamination, as storms also jeopardise current clean-up efforts and the struggle to stop more oil spewing into the ocean.For now, the collection of 25,000 barrels of oil a day from BPs leak is safe. But the bad weather has now stymied any efforts to increase the amount captured...
Read more