New Oil Threat Described By NOAA

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By Douglas A. McIntyre Published
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oil map“The experimental containment dome was successfully positioned over the leaking riser pipe last night, but then had to be removed after a large volume of ice-like methane hydrate crystals accumulated inside of the structure. These crystal hydrates blocked the flow of oil and threatened to lift the dome off the sea floor. The 4-story containment structure now sits on the seafloor next to the leak while experts consider ways to solve this issue. The emergency relief well progress continues and a second well is planned to start next week. To date over 190,000 feet of boom have been placed, another 1.3 million feet have been staged, approximately 2.1 million gallons of oil and water mix have been recovered, and 290,000 gallons of dispersant have been applied to the spilled oil.”

“NOAA continues to track the floating oil with aircraft and satellite imagery. Twice daily, NOAA oceanographers continue to release updated trajectory maps showing the predicted trajectory of the oil slick. Winds are forecast to have an easterly component from Sunday through Monday. Mississippi Delta, Breton Sound and Chandeleur Sound continue to be threatened by oil contact with shorelines throughout the forecast period. The westerly movement of the oil is expected to continue though the forecast period with the western edge nearing Atchafalaya Bay on Monday.”

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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