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The only way this could be that big is if every european nation that s heavily indebted from greece, italy, ireland, portugal, spain, all sigh mull tapously defaulted on their debt. then you would have something virtually unprecedented. okay. but this debt crisis that s spilling out from greece, ron, dragging the markets down worldwide, how vulnerable is the u.s. economy? well, i think it s being overestimated to a certain extent. if the european economy collapsed, certainly it would have an impact on our ability to export. there s the risk of contagion that other countries then are called into question outside the e euro zone. the united states, and there have been a lot of people drawing parallels between the u.s. and europe in terms of indebtedness, our economy is twice the size of any other economy in the world. we re in no way in danger of defaulting on the debt that we owe or on the deficits that we re building. we don t have yet the types of problems that are embedded in eur ....
reporter: well, the scientists who have discovered this are still debating what this means and how big this is. it s not a big, thick blob of oil. it s very thin. it s a mixture of oil droplets and water not diminishing it in any way but properly trying to describe it. their biggest concern is that it s there, they have noticed some oxygen depletion around the edges of the oil and their concern is it could lead to more oxygen depletion which could affect our marine life deep under the ocean. you re talking 2,000 to 4,000 feet below this surface and so this is just another indication of how widespread this oil is. they ve described it almost like a salad dressing consistency. it s not the really thick blob but it s down there and scientists are quite worried about it. it s not killing marine yet life that they know of but it could because of the oxygen depletion, alex. okay. mark potter, thank you for that sobering update. officials in florida are investigating the cause of a ....
There has gotten a lot of money from liberal groups, labor unions to make this race somewhat competitive. we do know senator lincoln will end up with the most votes. does she get over the hurdle or do they go to the hurdle. against republicans, they have a lead over her. okay. let s get to the republicans hash i hashing it out in kentucky where it s a real test. so how does this split affect the upcoming midterms, do you think? well, i think this is going to be a big, symbolic win. if the polls are right, paul will win the race and this will be a rebuke. a win for the tea party. we saw robert bennett go down in utah just a week ago. tea party people are taking credit for that victory. this would be another symbolic ....
The size, the scope of the damage and what kind of damage could these plumes entail? well, i ll tell you, alex, i think the discovery of these plumes really confirms what most people in the industry thought from the very first day and that is that the flow from the well is much higher than the initial estimate of 5,000 barrels a day. many scientists i ve been read ing about or talking to have said 20,000 to 25,000 and one even came up with the number as high as 70,000 barrels a day. that makes a lot more sense to me, the 20,000, 50,000 barrels a day because these big, deep water wells are very, very productive. bob, i m trying to understand if if you have this plume, ten miles long, three miles wide, 300 feet thick, what is this some big giant glob en masse that s just sitting there or is it moving in the water? and what happens to anything that it encounters? it s going to move with the loop current in the gulf. ....