Monday, May 24, 2010

BP (NYSE:BP) Delaying Attempts To Cap Oil Spill

As the frustration and anger continues to mount, BP's (NYSE:BP) planned attempt to cap the oil spill today known as "top kill," is now delayed until possibly Wednesday at the earliest.

"It could slip to Wednesday because it has to be a day operation," said U.S. Coast Guard Rear Adm. Mary Landry on a conference call Sunday. Landry also added that she has visited the BP offices and confirms that "BP is working around the clock" on their attempts to resolve the fuel oil spill. "We are doing everything we can, everything I know," said Doug Suttles, chief operating officer at BP, on NBC's Today Show.

All the while, the oil siphoning attempts continue to drop daily. John Curry, BP's spokesperson told the Associated Press on Monday that the tube collected about 47,040 gallons of oil on Sunday. That's a significant drop from Saturday's collection of oil which was 57,120 gallons. Friday's siphoning brought in 92,400 gallons from the oil spill.

In a news release, BP said the mile long tube is "a new technology and both its continued operation and its effectiveness in capturing the oil and gas remain uncertain."

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