May 10, 2010

Deepwater Horizon Rig Disaster Threatens Drilling

From Bloomberg:
Today, the Deepwater Horizon lies upside down at the bottom of the Gulf under one mile of seawater in a place called Mississippi Canyon Block 252. Eleven of its crew are presumed dead. Oil from the last well it drilled, a much shallower, less complex job than Tiber called Macondo, is spewing out of control from the seafloor, with about 3 million gallons released at last estimate. A swath of the Gulf about the size of Delaware is covered by an iridescent, rusty orange

Read more here.

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