WSJ: BP refuses to say if it plans to CASH IN on blown-out well; Speculation over purpose of relief wells

Federal officials are still insisting the relief wells will be used as the ultimate solution, however the Wall Street Journal is reporting today, “But BP officials have in recent days refused to commit to pumping cement down the relief well, saying only that it will be used in some fashion. BP officials haven’t elaborated on other options.”

“The vast oil reservoir beneath the well could still be worth billions of dollars… but BP isn’t saying whether it plans to cash in on this potential windfall… The company won’t comment on the possibility of drilling in the same block of seafloor someday or selling the rights to the entire tract to another oil company,” the article concludes.

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