Showing posts with label Benchmarks. Show all posts
Showing posts with label Benchmarks. Show all posts

Thursday, June 10, 2010

Flow Rate Technical Group ups the Ante for BP

by jamess

Hot off the Presses ... Scoop: Gulf well may be gushing 25,000 to 30,000 barrels By Joel Achenbach, washingtonpost.com -- June 10, 2010; 4:00 PM ET Just filed to the web some new figures we obtained this afternoon from the federal government that suggest the Deepwater Horizon well is gushing more oil than previously estimated. The Flow Rate Technical Group has about five subgroups, and the one that is looking at the video of the leak, the so-called plume team, has come up with an estimate of 20,000 to 40,000 barrels a day, with the most likely range being 25,000 to 30,000 barrels. The team had earlier estimated the flow at 12,000 to 25,000 barrels.

continued at Daily Kos....

Saturday, June 5, 2010

UPDATED: Some of the Oil is being Captured, and SOME, of it is NOT

by jamess

You've got to love breathless headlines, full of the 'best spin' possible. BP manages to catch some leaking crude oil Canwest News Service - June 4, 2010 It's estimated BP is siphoning oil at a rate of about 1,000 barrels a day so far. The damaged well has been spewing between 12,000 and 25,000 barrels a day since April. Allen said the containment cap had not made a perfect seal over the riser pipe, so oil may still be able to escape even after the vents are closed. 1,000 / 12,000  =  8.3% 1,000 / 25,000  =  4.2% But what does SOME really mean if we choose to use the Worst Case scenario numbers, that BP gave Congress, behind closed doors?  It seems we are approaching that 'Worst Case' ... 1,000 / 60,000  =  1.7% Yes, I guess, that might qualify as "some" of the Oil being captured. Of course that should be immediately follow by the question: Well that means "SOME" of it is still gushing, Right? How Much ... are in each of those 'some's?

continued at Daily Kos....