InvestorsHub Logo
Followers 20
Posts 2838
Boards Moderated 0
Alias Born 09/23/2009

Re: Topgun21 post# 1912

Saturday, 06/12/2010 9:51:50 PM

Saturday, June 12, 2010 9:51:50 PM

Post# of 5511
Get your facts straight. I do feel bad because I think ESCOP has the better tech. However, there is a chance in my opinion the tech may be used. I just would not bank on it.



BP has given the green light for funding of a device that can separate oil from water.

Development of the machine, which uses a centrifuge to separate the fluids, has been backed by actor Kevin Costner to the tune of $25 million.

John Houghtaling, Costner's chief partner in the project, told WWL First News that the oil company has ordered 32 of the devices for use in the Gulf of Mexico.

"In a matter of weeks, we can be manufacturing ten of these a week," Houghtaling said. "So we're hoping by the first of August to have all 32 of these things in the Gulf."

Listen to Houtaling talk about the deployment of the device:


According to Houtaling, the machines cost roughly half a million dollars to build, but also require the hiring of vessels to take them out onto the water.

Though the world-famous actor and Houtaling are both pleased that BP has now agreed to deploy the devices, Costner told members of Congress earlier this week. that he'd had a hard time getting an opportunity to try out his centrifuge for the Coast Guard.

"We would offer to take our machines out there but we couldn't get onto the spots because the Coast Guard would regulate that we couldn't get there," Costner testified.

Houghtaling said that in addition to providing clean-up duty in the gulf, deployment of even more of the devices could aid in shortening the six-month moratorium on deep-water drilling.

He said that he'd like to see the government use the machines as a safety measure to keep the deep-water drilling rigs in operation as safety procedures are reviewed.

"By the end of August...our company can have thirty-three of the machines around the rigs. If there's a spill, we can deploy," Houtaling said.

To view an animation of how the device works, click the window below:



Meanwhile Costner's company is moving toward leasing 16 more oil sucking and separating machines to Plaquemines Parish officials directly. They say if BP won't pay for that, they may sell the oil local officials pull from the water and fund the machines that way.






08:46pm CDT, 06/12/10

86°F





Recent Headlines

Obama tells Britain no hard feelings over spill

Coast Guard tells BP to speed up containment pace

Spill oil to seep into supply chain as BP sells it

Oil continues to intrude on Grand Isle/Lafitte

Vieux-to-do - 3 French Quarter festivals at once!

Kristian: Football season must be longer - I'm selfish and pathethic


ADVERTISEMENT


Advertise With Us





Copyright © 2010 Entercom New Orleans, LLC and InterTech Media, LLC * All Rights Reserved.
Privacy Policy | EEO Public File | Jobs | Contact Us | Partners | Contest Rules | Advertise with Us

Powered By InterTech Media, LLC





Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.