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Clean. there s still oil on the water to pick up. i just stress we re going to be here doing that until the job is completely done. once that s done, we ve got to focus on the restoration activities. we re going to be here a very, very long time. i know people are worried about that, will we pack up and go around the answer is clearly no, we re not going to do that. offshore we continue to make progress. we re running the casing in the relief well just now. we ll be cementing that casing later on tonight and into tomorrow. we ve got the equipment all hooked up to perform the static kill. and once we get the casing run and cemented, we ll actually perform that operation. once we get also the go ahead from admiral allen. so right now the current forecast is, is we ll do that activity on tuesday. after that, we still have to finish the relief well. we still have to go and intercept this well bore. that s on track for about the middle of august. clearly we had some setback from tropical st ....
Flowing, will we pack up and go? the answer is clearly no, we re not gonna do that. off shore, we continue to make progress. we re running the casing in the relief well just now. we ll be cementing that casing later on tonight and into tomorrow. we ve got the equipment all hooked up to perform the static kill. and once we get the case run and cemented, we ll cally perform that operation and once we get the go ahead from admiral allen. current forecast is we ll do that activity on tuesday. after that, we still have to finish the relief well. we ll still have to go and intercept this well bore. that s on track for about the middle of august. clearly, we had some setback from tropical storm bonnie. but, i think all along we ve sometime in the first half of august, it looks like we ll achieve that so overall, it is encouraging to see out there. there s still a lot to do and there s a lot of activities. still have tens of thousands of people working on the spill. ....
Either a permanent kill for this blowout or on the other hand make the problem much, much worse. so it s important that we all pay attention. clearly, the safest thing to do would be to reconnect the blowout preventers up to the surface vessels, open the valves, relieve the pressure on the well bore, connect the relief well, run that casing, and do a bottom kill. that s what they should be doing. that s the safest thing and most people agree it is. all right. so we have an animation dealing with some of the seepage near the oil well but experts think it is another well to blame. there are two wells within two miles of the blowout preventer and one of those wells is abandoned. the other one is not in production. when you re talking about the kill, let s show the other animation here. you ve got this relief well drilled and then part two is crews pumping mud and cement into a hole under water, sealing it up. ....
Happened in the bp well is that it s spread out over a large number of seeps and over a vast area of the gulf mexico. this is all coming out in one place. that s the difference. the ocean has the capability of absorbing and equilibrating to that kind of seepage. it doesn t have the ability obviously when you re having tens of thousands of barrels a day come out of a well bore. one other issue you ve been thinking about is this drilling moratorium. people talk about the immediate economic impact because of jobs, people not being out on the rigs, supply ships can t work. but you are looking further ahead to a year from now because of this moratorium. what is the potential long-term impact? obviously there are a lot of people who respect working right now who would be. i ve seen information that suggests that just the wage impact alone of a six-month moratorium is more than $2 trillion. there is an issue that says that a lot of the drilling rigs are ....
Labyrinth consulting services and a contributor to oildrum.com. art, thanks for being with us this morning. first, let s ask you about this static kill operation, very similar to the top kill more than a month ago except now the top of that well is capped and we wouldn t see mud spewing out from it. the question many people have, with this relief well so close to being completed, why undergo this static kill operation? or at least even think about it? well, i think the reason that they re considering it is because they ve yet to intercept the well bore. they re very close, a few feet away with the relief well, as everyone knows. but to actually intersect the seven-inch pipe does involve a bit of technology and accuracy, whereas if they do the static kill through the existing well bore at the top, there s less uncertainty about their ability to actually get the mud into the pipe. basically they know where it is and it is very easy to get mud into a place where you know ....