Page 23 - Flow Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Satisfied i'm with the authorize oweless of the presentation. there are sweeping saw sometions here. how do you feel about the report? are you faconfident about the report? >> i go back to flow rate. early on, there were huge questions about how much oil was actually coming out of the well. it went from one to five to 12 to 25,000. we got a range developed by a government team of the 35 to 65,000 barrels a day. in the last few weeks, we have had better information and have been able to bring that down. 53,000 barrels a day with a 10% error rate on either side. once you know the flow rate and t...

Departure to try to have the discussion to understand what are the implications long-term. we still have to deal with natural resource damage estimates and so forth. so i would be the first it admit and i wasn't the scientist taking part in this. i'm a user in this, that you can argue at the margins about is this the proper model or not. the question is, do we think we know what happened? do we have a starting point to have a discussion. and i think marshall mcnutt would say, if we have better information we could find this. but we've slowly close in on the flow rate. flow rate leads us to a t...

Don't have a number, that's a bad thing. when you do have a number, that's a bad thing. because they always have to be explained or why do you arrive at that conclusion. i think we need to walk through the process here. this really goes back to flow rate. and we know from the start there have been issues about flow rate. as we walked 32 the 1,000, 5,000, 12,000 to 25,000, 35,000 to 60,000. we've gotten to a point now where based on a lot of inputs from the scientific community under the direction of marshall mcnut, we've been able to focus in and get what we think is a fairly reliable estimate...

And once you establish how much oil, below the five million barrel mark, which we've publicized, the question is, where's the oil? we know certain things happen. we know a certain amount was produced, that's measurable. we know a certain amount was skimmed, that's measurable. we know a certain amount was burned, that's measurable. we know based on tests and records and data that you have a certain amount of effectiveness with dispersants and we know a certain amount evaporates and a certain amount is biodegraded. to go back to our basic algebra that we all tried to struggle with in school, if ...

Ruiz. this could mean a larger fine for bp, which is not to suggest bp will not fight the results of this. i mean you can rest assured it will. >> reporter: yeah, i think you're right. the government could potentially fine bp $1,100 per barrel. however if the government finds this oil leak was the result of gross negligence, that fine could spike up to $4,300 per barrel, to bp faces fines from $4.5 billion to $17.6 billion. >> shepard: this as bp attempts to plug the well or kill it for good. there's some progress, right? >> yeah, we just learned about an hour ago that bp actually began inject...