- MBTI
- INXP
The government has once again changed its estimates on how much oil was leaking from the well. First BP said it was 1,000 barrels a day, then the figure went up to 5,000 barrels a day, then it went up to at least 12,000 barrels a day, and now it sets at at least 25,000 barrels a day. Assuming that BP cannot siphon off much more oil, that means that by August, the BP oil spill is set to become the 2nd or 3rd worst in global history. It's already the 9th or 10th worst in global history and the worst in United State's history. This of course, is not accounting for the up 20% increase in oil leakage that occured when they cut the riser pipe. My guesstimate is that this oil spill will hit between 100 and 125 milllion gallons (approximately 2.3 million to 3 million barrels) by the time they get it under control. It's currently sitting at about 50 million gallons by the new federal estimates.