Sunday, May 23, 2010

Government Panel Reviewing BP (NYSE:BP) Oil Spill Video

An independent panel of experts has been created by the government to review and study the live oil spill video from BP (NYSE:BP) . This is to determine the amount of oil flowing into the water. Nobody from BP is on this panel.

Scientist are saying BP has been dishonest and that they are trying to distort the accurate results of the oil flow rate. They are doing this to prevent their full liability for environmental damage.

Bob Dudley, BP's managing director told CNN, "I've used the analogy that this is a little bit like popping a soda can rushing out with lots of gas and oil. There's lot of gas in this crude, the rate is unclear." Dudley also insists that the company has been as transparent as possible.

The justice department sent officials to the Gulf to look into the progress of the oil spill. Robert Gibbs, the White House spokesman would not elaborate if there will be criminal charges filed against BP as well as the other companies that were working on the Deepwater Horizon.

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