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Shell assists BP in oil spill clean-up

Sign from a Shell gas station

TEXT OF STORY

Stacey Vanek-Smith: The oil spill in the Gulf of Mexico keeps getting worse. The U.S. Coast Guard announced the damaged well is leaking 5,000 barrels of oil a day. That's five times more than previously thought. It also means British operator BP will spend a lot on clean-up and legal costs. From London, Stephen Beard reports.


Stephen Beard: BP says it's spending $6 million a day trying to clean up the spill and stop the leak. Those costs can quickly add up. A comparable spill off the cost of Australia took a month to get under control. That would set BP back more than $160 million.

The company is getting some help from a surprising source. Rival oil giant Shell has sent half a dozen vessels to help with the clean. Nick Macgregor is with brokers Redmayne and Bentley. He says both companies drill in deepwater, both have much at stake:

Nick Macgregor: As companies like BP and Shell highlight that their speciality is the tough-to-reach resources, what they also have to highlight is that they can manage that process in a safe and secure fashion. Otherwise they're going to find the political will to grant exploration licenses just isn't there.

The slick in the Gulf of Mexico is now 600 miles in circumference and is expected to hit the Louisiana coastline by Friday night.

In London, this is Stephen Beard for Marketplace.

About the author

Stephen Beard is the European bureau chief and provides daily coverage of Europe’s business and economic developments for the entire Marketplace portfolio.
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I SUGGEST PINCHING THE PIPE AT THE TOP AND FOLDING THE PIINCHED PORTION OVER TO A 90 DEGREE ANGLE TO STOP THE OIL BEING RELEASED INTO THE WATERS - IT WOULD BE WORTH A TRY AND SHOULD NOT COST A FORTUNE

The oil spill is a disaster to the waters. I really think to soak the oil out from the waters is get big sponge tie them together like a boy and circle that around the oil spill it will preveant the oil from spreading and will soak from the surface

The Accident is an INSIDE JOB! How do I KNOW? Because I Can Count, & I did the Math! Look at ALL The Restrictions that are going on as a Result of the Spill! Spilled Milk can be Cleaned Up by the Handservants! Not a Big Deal, when You have enough money to fill up the Entire Emptyness of the Grand Canyon More Times than You can count! So, Do The Math Peeps! Since They are Restricting Drilling HERE... Guess Where ELSE They want Us to get Our Oil From! Iraq? Naaaaaaaaaaaw! They Need it THERE for the Time Being...Fuel for the Military Equipment, Ya Understand?! So...What OTHER Country has Oil? Eeny Meeny Minie MO!

I think they should make it a little easier for smaller companies like ours to get involved in the effort to save our coast. We just want to help, and it is like trying to get into fort knox.

I imagine that most spill control companies have offered there services, just a thought of a product called Micro-Blaze. I have used it at a fire training academy and have had positive results.

This too shall pass. Rightfully, great efforts are being expended to stop the spill and mitigate its affects. One year after it is stopped, two at most, the Gulf and environs will be BACK TO NORMAL. Mother nature in the Gulf of Mexico has been handling natural oil seeps since long before people arrived. It will continue to do so. This incident should not stop vital efforts to make the U.S. energy self sufficient.

Our Australian company has developed a silicone based liquid which spreads across the water surface and concentrates oil for easy collection. It could play a major role in containing the current oil spill, as well as forming a line of defense against the spill reaching the shoreline. The product, called Gladiator, is on our website www.aquatain.com.au

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