British Petroleum Cuts Pipe with Giant Shears, Plans to Lower Cap over Gulf Oil Gusher
British Petroleum, a strategic performance unit of the BP Group (NYSE: BP) and one of the world’s largest tanker operators, recently announced its newest strategy to contain the oil spill in the Gulf of Mexico. In an effort to contain the current oil spill, British Petroleum (BP) slashed a pipe with giant shears earlier this week in an effort to curtail the worst spill in U.S. history; however, the cut was jagged and placing a cap over the gusher will now be more challenging than originally anticipated. It cannot be determined how much oil BP can siphon to a tanker…