I’ve been wondering when someone was going to ask this extremely obvious question. Regular readers of my blogs (particularly at my old T/S one) know that I’ve been following this story with much enthusiasm.
..Okay, some might say “psychotic devotion.”
But Anderson Cooper, bless his little, silver Vanderbilt-spawned head, finally interviewed someone capable of putting two and two together: Fred McCallister, an investment banker with Allegiance Capital Corporation, who is going to be testifying before the Senate Commerce, Science and Transportation Committee today.
ANDERSON COOPER: Fred McCallister joins us now.
Fred, why do you think that BP would prefer to use dispersants over skimmers?
FRED MCCALLISTER, VICE PRESIDENT, ALLEGIANCE CAPITAL CORPORATION: Anderson, thank you for having me on tonight.
The issue that BP is facing right now is whether to use what’s practices that are normal around the world, which is to try to cause the oil to come to the surface, and then deploy the right amount of equipment and the right type of equipment to gather that oil up and get it out of the Gulf.
Using the dispersants allows the oil to stay under the surface, and this accomplishes several purposes. It allows the — it makes it a lot more difficult to quantify the amount of oil that’s coming out, which has a direct impact on damages and royalties that have to be paid.