If the oil well blowout in the Gulf of Mexico can’t be contained, it could leak half a billion barrels of oil into the ocean. By comparison, the Exxon Valdez leaked about 11 million barrels of oil. Wow.
Matthew Simmons, former chairman of energy industry investment bank Simmons and Company sounds the alarm bells:
“This isn’t a well. This is a giant oil field. It could go on for a year-and-a-half. This is totally unprecedented.”
For those keeping track at home, no BP is not close to containing the leak.