Fixing oil wells fast, public aware of oil spill danger now

Oil companies get nervous about

Public opinion understanding

Oil spill disaster now

The price of staying in the game

Oil companies are now developing a system that could cap deepwater wells in the Gulf of Mexico

in a hurry

Oil goes not-for-profit

Marine Well Containment Company

Time for Solarlife

No-oil, no-nuclear economy

think 2050

end of petrol end of Uranium

The position taken by ExxonMobil, Chevron, ConocoPhillips and Shell, which are clubbing together to put $1 billion into creating and equipping a new not-for-profit firm, the Marine Well Containment Company, is that the capability to do much better than at Macondo depends on having hardware designed for the job and available from day one. The companies outlined their plans at a public meeting held in New Orleans on August 4th by the Bureau of Ocean Energy Management.

Reader comment: crowd powered opinion

http://www.economist.com/comment

The various blowout prevention techniques and associated equipment are only useful on the first successful drill hole. Once the Oil resource is reached the only true safeguard to excess pressure is the drilling of another well, called a relief well. Yes this method may be expensive, hence the resistance from oil companies, but it is the only way to ensure safety when drilling in deep water or unsafe conditions. Ice/storm infested areas.

source: economist.com