A major disaster

May 27, 2010 at 6:51 pm Leave a comment

This is how bad the oil spill is

“WASHINGTON – Between 12,000 and 19,000 barrels of oil per day are spilling into the Gulf of Mexico from the Deepwater Horizon oil spill, according to the best estimates of a federal technical group led by Marcia McNutt, the director of the U.S. Geological Survey.

That rate would mean that the spill, which followed the blow out at the well April 20, had released between 432,000 and 684,000 barrels of oil into the Gulf to date. That translates into between 18 and 28 million gallons of oil, making this spill by far the worst in American history, far surpassing the Exxon Valdez disaster, which dumped 11 million gallons into the waters off Alaska.

The new figure, produced by a group of government, industry and academic scientists, more than doubles the previous 5,000-barrel-a-day estimate produced by a unit of the National Oceanic and Atmospheric Administration that BP had been using as its best guess. Independent researchers had estimated the spill could be closer to 70,000 barrels a day.

McNutt said the new estimate is based on the use of three separate methodologies by the Flow Rate Technical Group”

This is why we cannot have unfettered capitalism. Unfettered capitalism results in pure disaster and environmental destruction.

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