Sunday, May 30, 2010

BP: Oil may continue flowing into Gulf until August $BP

After the 'top kill' procedure failed to stop the gushing oil leak in the Gulf, BP moved on to its next plan to try to cap the well with a containment structure. BP managing director Robert Dudley said it is possible the oil flow will not completely stop until sometime in August when the relief wells are ready, the Washington Post reports. Dudley said on NBC's Meet the Press that the aim of the next manuever is to contain the majority of the leak. Presidential adviser Carol Browner said on CBS's Face the Nation, the U.S. is preparing for the worst and acknowledged that the new containment cap strategy comes with big risks, the New York Times reports. It could increase the flow of oil by as much as 20 percent. OBAMA: 'Top kill' failure is 'enraging' BP: Continues to try to stop oil leak "What our experts are saying is that when you cut the riser, the kink may be holding some of the oil in, and so we could see an increase," Browner said. "The worst is that we have oil leaking until August, until these relief wells are dug."

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