Thursday, May 27, 2010

MMS Steps Down, BP (NYSE:BP) Oil Spill Worst In History

It is official, BP (NYSE:BP) is the worst oil spill in U.S. History, this is by the governments task force findings of new estimates of the oil flow. The estimation by the task force is three times more than what was being estimated.

This estimation was given by the scientific team of President Obama who were given the job to determine the accurate amount of oil flowing from the Gulf oil spill. Their original estimate was between 12,000 and 19,000 barrels being lost of oil daily. This is much higher than what the U.S. Coast Guard and BP kept insisting on, 5,000 gallons a day being lost.

The new estimate is no comparison to what was originally estimated. The new oil spill estimate is up to 798,000 gallons daily.

The most conservative estimate, since the April 20th fuel oil spill disaster would be a total of close to 17 million gallons deposited into the ocean. The high end of the estimate, would equal to a total of 29.5 million gallons.

This surpasses the Exxon Valdez Disaster which spilled a total of 11 million gallons of oil.

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