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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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The Science Behind Total’s North Sea Gas Leak: This Isn’t BP 2.0

Category : Business

NEW YORK (TheStreet) – Total is paying a big price — as measured by the market reaction — for the natural gas leak in its North Sea Elgin platform on Tuesday, which the oil major said could take as much as six months to contain.

The six-month time-frame to drill a relief well sounds eerily similar to the “last resort” emergency plan that BP pursued during the Macondo well disaster. A deep water natural gas disaster, though, can’t compare to an oil spill when it comes to potential environment damage.

The 7% decline in Total shares on Tuesday is a punishment born of the post-Macondo era. Energy investors shoot first and ask questions later. Indeed, the firing was rapid in ADR shares of Total — 27 million shares traded for an ADR that usually trades less than 3 million shares.

Total faces the biggest deepwater disaster response test since the BP Macondo well disaster. The environment may be luckier this time.

Click to view a price quote on TOT.

Click to research the Energy industry.

Continued here: The Science Behind Total’s North Sea Gas Leak: This Isn’t BP 2.0

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