Friday, July 9, 2010

BP (NYSE:BP) Collects 24,395 Barrels of Oil Thursday

BP (NYSE:BP) still hasn't been able to get back to the recovery levels it had several days before the underwater robot hit the containment cap, which had been capturing about 28,000 barrels a day.

Since then the amount of oil captured has been down by several thousand barrels a day.

That should soon change, and possibly as early as this weekend, as a new containment cap will attempt to placed on the well which could capture the majority of oil escaping, up to 80,000 barrels a day.

The problem is there is simply no idea at this time of really how much oil is escaping into the Gulf, as estimates are from 30,000 barrels a day all the way up to the worst case scenario of 100,000 barrels a day.

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