Flow Rate Estimate News Today

Disappeared. but the other thing is that there is just a lack of trust on this issue. i mean, as you pointed out, when the crisis started, first they were told no leak, and then a leak and 1,000 to 5,000 barrels a day, and then several estimates and even with the latest flow rate estimate, they said it started to leak at 62,000 barrels a day and it finished at 53,000 barrels a day, and the question is how do you know? what do you really know? and the government said today what this really report...

Bp also faces fines for the spill, fines that will be determined by how much oil has actually been released over these past three months. experts should be able to get a more accurate measure of that with the new containment cap now in place. our congressional correspondent is taking a closer look at this part of the story. what are you finding out? >> reporter: big call right now, wolf, from democrats who are pushing for an exact number of how much oil has been spilling into the gulf over the 8...

In a perfect world with no interruptions, he said, bps relief well drilling would have reached the spilling and be ready to start sealing off with the ahead fluid known as mud by july 27. july 27 just happens to be the day bp answers to investors for quarterly earnings. a day bp wants good news. congressman ed markey asking bp to explain how and now why the original application to drill the relief well listed an estimated completion date of august 15th. bob cavnar pointing out in a post today th...

He said, bps relief well drilling would have reached the spilling and be ready to start sealing off with the ahead fluid known as mud. july 27 just happens to be the day bp answers to investors for quarterly earnings. a day they want good news. congressman ed markey asking bp to explain why the original application to drill the relief well listed a complete date of august 15th. bob cavnar pointing out in a post today that for the same reason bp had financial incentive to low ball its initial flo...

White house, and suzanne, thanks for the heads-up. the president could be running late, we shouldnt be surprised. suzanne malveaux from washington. estimates of the amount of oil gushing into the gulf, guess what, they keep rising. government scientists now saying between 35 and 60,000 barrels are spewing out each day. that estimate last week was right around 20 to 40,000 barrels. now, these new numbers translate to as much as 2.5 million in gallons a day. and its the fifth time here the flow ...

Mexico, they say they have the capacity to collect 90,000 barrels a day, significant because so far the government flow rate estimate tops out at about 60,000 barrels a day. so if all of those numbers work out accurately. they say they would have enough to capture all the of the oil that would be flowing again. thats what appears to be the most likely scenario. thats the one that will allen talked about the most. >> ed lafb dera for us in new orleans, we appreciate it. thank you. other big sto...

Way. they say they will have vessels ability to collect 80,000 barrels of oil a day. the governments flow rate estimate is up to 60,000 barrels a day. because of that they say theyll have enough capacity to collect all of the oil. and we wouldnt see any more flowing into the gulf of mexico. >> ed lavendaro for us. with no more oil flowing into the gulf, can we begin to feel optimistic about this. ill bring in john hofmeister, former chairman of shell oil, and also historian doug brinkley with us...