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Disappeared. but the other thing is that there is just a lack of trust on this issue. i mean, as you pointed out, when the crisis started, first they were told no leak, and then a leak and 1,000 to 5,000 barrels a day, and then several estimates and even with the latest flow rate estimate, they said it started to leak at 62,000 barrels a day and it finished at 53,000 barrels a day, and the question is how do you know? what do you really know? and the government said today what this really report really gives is a snapshot, if you will, of where they think that the 4.9 million barrels went, but more than a snapshot, it is really raising more questions, because for all of that oil that is dispersed, where does it go? what do all of those tiny little droplets do? and those are questions that no one can answer yet. are you also hearing concerns voiceded about the long-term impact of dispersant, and that ....
Bp also faces fines for the spill, fines that will be determined by how much oil has actually been released over these past three months. experts should be able to get a more accurate measure of that with the new containment cap now in place. our congressional correspondent is taking a closer look at this part of the story. what are you finding out? reporter: big call right now, wolf, from democrats who are pushing for an exact number of how much oil has been spilling into the gulf over the 87 days that the oil was flowing so far. right now it s just an estimate, a range of 35,000 to 60,000 barrels per day and under federal law there is a standard fine of $1100 per barrel of oil spilled, civil damages, that could go up to $4300 per barrel if it s proven that bp or other companies were grossly negligent here. so let s break this down. is the flow rate estimate, if it s off or short by 5,000 barrels per day we are talking these high end finals, the u.s. could miss out collecting almost ....
In a perfect world with no interruptions, he said, bp s relief well drilling would have reached the spilling and be ready to start sealing off with the ahead fluid known as mud by july 27. july 27 just happens to be the day bp answers to investors for quarterly earnings. a day bp wants good news. congressman ed markey asking bp to explain how and now why the original application to drill the relief well listed an estimated completion date of august 15th. bob cavnar pointing out in a post today that for the same reason bp had financial incentive to low ball its initial flow rate estimate has financial incentive not to cap the spill at all. but end it with the relief well. why? capping the spill successfully would allow scientists to count accurately the rate of gallons per minute generating a hard and precise number for the total amount spilled. ....
He said, bp s relief well drilling would have reached the spilling and be ready to start sealing off with the ahead fluid known as mud. july 27 just happens to be the day bp answers to investors for quarterly earnings. a day they want good news. congressman ed markey asking bp to explain why the original application to drill the relief well listed a complete date of august 15th. bob cavnar pointing out in a post today that for the same reason bp had financial incentive to low ball its initial flow rate estimate has financial incentive not to cap the spill at all. why? capping the spill successfully would allow scientists to count accurately the rate of gallons per minute generating a hard-and-fast number for the total amount of spilled. a number that would be used to calculate bp s fines and ....
White house, and suzanne, thanks for the heads-up. the president could be running late, we shouldn t be surprised. suzanne malveaux from washington. estimates of the amount of oil gushing into the gulf, guess what, they keep rising. government scientists now saying between 35 and 60,000 barrels are spewing out each day. that estimate last week was right around 20 to 40,000 barrels. now, these new numbers translate to as much as 2.5 million in gallons a day. and it s the fifth time here the flow rate estimate has been adjusted. we re estimating 1,000 barrels per day. somewhere between 1 and 5,000 barrels a day. 5,000 barrels a day. the flow rate technical group has determined the overall estimate potentially flowing from the well is a range of 12,000 to 19,000 barrels per day. 12 to 19, and 12 to 25,000. we should be in the range of somewhere between 40 and 50,000 barrels a day. fishing, hotels, restaurants. these are just some of the ....