As well as trying to come up with growth-enhancing measures, British treasury chief George Osborne will be under pressure to plug a hole in the public finances after an auction of the next generation of mobile phone licenses reaped less than anticipated.
This past summer, Deutsche Bank AG and Commerzbank AG, the two largest European banks to continue doing business with Iran despite recent U.S. pressure, agreed to follow other foreign banks and pull the plug on Tehran.
And following the intersection of the well bore with those relief wells, they will put heavy mud down there to suppress the pressure of the oil coming up from the reservoir, put a cement plug in and effectively do what I would call a bottom kill, as opposed to the top kill, which was not successful a couple of weeks ago.