Oil in the Water? Burn it.

Posted by Admin | April 28th, 2010

Last week an oil platform off the coast of Louisiana caught fire and tipped over into the ocean. Immediately concerns were voiced about both the cost of oil and the environmental impact of such a larger oil spill. Now it seems the Coast Guard is considering an interesting option to clean up the oil…burning the surface oil.

BP Plc, owner of the well, is spending $6 million a day trying to clean up the spill and stop the underwater flow, which continues at rate of about 1,000 barrels a day.

“We are possibly 90 days out from securing the source permanently,” Landry said. “Burns can be very effective in providing a marked and significant decrease in the amount of oil contained in a spill area.”

The Deepwater Horizon, the name of the platform, is now on the horizon of deep water, eh? It’ll be interesting to see how badly this effect oil prices, if at all.