There's more going on with BP
The Gulf of Mexico gusher that had been running rampant since April was essentially halted last week when a new cap was set atop the blown-out well. But on Monday, the federal government said oil was still seeping into the Gulf, in line with warnings that the cap's replacement could set off additional leaks.
Retired Coast Guard Adm. Thad Allen, who has been overseeing the tragedy for the government, said the minimal amounts of oil, likely coming from the cap, appear inconsequential. In fact, they might just represent natural seepage of oil and gas, which occurs frequently at the bottom of the Gulf. The key is to control whatever oil seeps until the relief wells shut off the gusher permanently.
There are reports that the Transocean
In the meantime, as The Wall Street Journal observed on Monday, the spill has put a target on BP's back. For instance, the Journal said, irate bloggers have referred to AT&T
I awakened on Tuesday to the news that President Barack Obama and British Prime Minister David Cameron were to meet amid difficulties created by BP concerns. The two heads of state were to discuss several issues, including the revived Lockerbie terrorism issues that I told you about last week. As a Reuters report noted, however, BP appears to have wounded the "special relationship" between our two countries.
But with rigs exiting the Gulf, the key difference between BP's tragedy and ExxonMobil's