SPDR S&P 500 (SPY)

[gbrazell]

Foot: I have lived around oil well drilling areas most of my life. My daughters husband is a master driller and has work all his life in the drilling business. When I read this article I e-mailed him and asked him how it could be capped. Here is what he said they were going to do.

BP is in the process of building a gigantic steel reinforced cone that can be placed over the BOP on sea floor. With this in place they
can't control the flow but can contain the majority of oil and gas. Meanwhile they will be drilling a relief well to intersect this one, pump a heavy weight mud down to "kill" the flow. Then they can go down and replace the BOP stack.
A bad time for this to happen given our governments anti drilling sentiment.
I don't know why the news blackout of the S. Korean incident.