BP (NYSE:BP) Oil Capture Rate Slowing

At the same time BP (NYSE:BP) cleanup costs are rising on a daily basis, the capture rate of oil has been falling.

Costs on a daily basis over the last three days has been $100 million, while the capture rate of oil has plummeted from 28,570 a day during the week to 23,700 barrels a day through the weekend.

That could be a sign that the underwater robot hitting the containment cap may have resulted in a poorer capture rate when it was put back in place, as it has been down ever since.

Before the accident the oil capture rate was at close to capacity.

Once a couple of new vessels are added to the capture system, estimates are as high as 53,000 barrels a day in oil could be capture, which should give a better idea of how much is actually escaping the well.