Friday, May 21, 2010

BP's (NYSE:BP) Second Leak Spewing 25,000 Barrels Daily

Finally after weeks of denial, BP (NYSE:BP) owns up to the true amounts being lost from the fuel oil spill. They had been sticking to the U.S. Coast Guard estimate of 5,000 barrels a day for three weeks now. Now BP is saying in reality, they are capturing 5,000 barrels a day from the first leak alone.

By their own live video feed, which the government required them to make public, it shows extremely large amounts of oil continuing to leak onto the sea floor.

On this video it highlights one leak, but there is actually a second break in the pipe, known as a riser, also leaking oil. A scientist told Markey's committee that the second leak looks to be spewing 25,000 barrels a day.

Mark Proegler, a BP spokesman said they have no idea how much oil is leaking out of the secondary break. "We've said from the beginning it's difficult if not impossible to measure it at the riser, but more importantly our response is not dependant on what that rate is, said Proegler."

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