Good News: Will BP Cap the Well Weeks Ahead of Time?

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Could the Gulf of Mexico oil spill finally end weeks ahead of the time BP officials say they expect to end it?

The company says July 27 will be a new target date for having fixed the undersea gusher that has been spewing crude oil into the Gulf since Spring, although publicly they have stuck with a late August timeframe. Bob Dudley, BP’s Gulf Coast restoration chief told The Wall Street Journal that the cap, under optimal conditions, could be in place and the oil stopped by that week.

“In a perfect world with no interruptions, it’s possible to be ready to stop the well between July 20 and July 27,” Dudley said. But he warned, with Hurricane season underway, conditions may not be so perfect. ”

Those dates are important because July 20 is when British Prime Minister David Cameron is expected to visit the White House and July 27 is when BP is expected to report second-quarter earnings.