For now, the report noted that the evacuation will not affect operations at the site of the oil spill. NOAA also noted that advisories on a tropical storm or tropical depression will be issued. If the trajectory remains static, BP will have no choice but to evacuate. Ultimately, the question comes down to whether the cap will stand up to the added pressure of a storm.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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