Friday, July 2, 2010

BP (NYSE:BP) Oil Could Hit Florida Keys, Miami, Fort Lauderdale

Projections from the U.S. have the Florida Keys, Fort Lauderdale and Miami possibly being hit with tar balls from the oil spill of BP (NYSE:BP), with estimates of a 61 to 80 percent chance of it happening.

According to the National Oceanic and Atmospheric Administration, there is even a higher chance of beaches being hit by oil in the western Panhandle of Florida to the Mississippi River Delta, with that being as high as 81 percent to 100 percent.

On the west coast of Florida, chances of oil hitting that region is very low, according to the NOAA.

For the east-central part of Florida or the Eastern Seaboard, chances of oil disrupting the area are even less, with a range of less than 1 percent to a 20 percent chance.

The reason for the heightened percent for the Fort Lauderdale, Florida Keys and Miami area is from what is called the Loop Current, which refers to warm water flows which snake through the Gulf in an easterly direction. It would travel at a rate of up to 100 miles a day.

With the time it would take to reach the area, the oil would arrive as "“scattered tar balls and not a large surface slick of oil,” the NOAA said, because of being in an advanced stage of degradation.


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