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Good News and Bad News on the Gulf Oil Spill

Good news first: The oil spewing from the busted well on the Gulf of Mexico’s seafloor is likely of a light grade that will be easier to clean up than some

Jul 31, 2020
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Good news first: The oil spewing from the busted well on the Gulf of Mexico’s seafloor is likely of a light grade that will be easier to clean up than some heavy crudes, according toearly tests conducted by a Louisiana State University scientist.
Now the bad news: Oil executives said todaythat the leak could grow to 60,000 barrels per day if BP fails in its efforts to plug it.
(For reference, current estimates put the gusher at around 5,000 barrels per day.)
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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