AmiCOUR IP Group
Blog Comments

You Leak It, You Lose It:
Should We Let Treasure Hunters Claim Gulf Oil?

May 22. 2010 - (Editorial) May's news was dominated by the environmental damage from BP's leaking oil, with almost no mention of the dollar value of several tankers of oil floating freely in the Gulf of Mexico. Actor and inventor Kevin Costner disclosed his $24 million investment in oil recovery and separation technology capable of collecting floating oil in massive volumes. Costner's prototype produces 200 gallons per hour, with a market resale value of $300+. If Congress would pass a "you leak it, you lose it" law, treasure hunters might converge on the spill, profitably cleaning it up Waterworld style. Measured in dollars, the leak equates to about $5 million in floating black gold each day. Kevin, ask Congress to let you get your $150 million.