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GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Snowshoe who wrote (63162)4/30/2010 4:39:47 PM
From: Snowshoe1 Recommendation  Read Replies (1) of 217576
 
>>Actually it's only 5,000 bbls/day<<

The estimates keep changing...

Experts: Oil May Be Leaking at Rate of 25,000 Barrels a Day in Gulf

By IAN TALLEY

WASHINGTON—The Gulf of Mexico oil spill could be leaking at a rate of 25,000 barrels a day, five times the government's current estimate, industry experts say.

Basing their calculations on government data and standard industry measurement tools, the experts said the Gulf spill may already rival the historic 1969 Santa Barbara, Calif., and 1989 Exxon Valdez disasters.

Ian MacDonald, professor of oceanography at Florida State University who specializes in tracking ocean oil seeps from satellite imagery, said there may already be more than 9 million gallons of oil floating in the Gulf now, based on his estimate of a 25,000 barrel-a-day leak rate. That's compared to 12 million gallons spilled in the Valdez accident.

more: online.wsj.com
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