June 28, 2010
Thick oil from BP’s Gulf of Mexico spill washed ashore in Mississippi for the first time as tropical storm Alex moved into the Gulf, posing a threat to the cleanup operation, as the UK oil major announced its clean up costs had hit $100 million a day.
Alex, the first named storm of the 2010 Atlantic hurricane season, had sustained winds of 45 mph (75 kph) and was about 60 miles (100 km) west-southwest of Campeche, Mexico. The system was moving west-northwest at 7 mph (11 kph). Forecasters from the U.S. National Hurricane Center say Alex could become a hurricane in the next 48 hours.
They predict Alex will make landfall as a hurricane on Wednesday between Brownsville, Texas, and Tuxpan de Rodriguez Cano in Mexico, sparing BP’s oil collection efforts at its ruptured deep-sea well.
After another rocky week last week, investors will have their eyes on shares of BP, which have been savaged since the oil spill started on April 20.
This article was posted: Monday, June 28, 2010 at 3:53 am