Zeev's Turnips Patch-No Politics (ZEEV)

[Smart_Money]

BP oil leak: Fallen Deepwater Horizon was tapping second largest oil deposit in the world

If there is a single aspect to the dangers of the BP oil leak, it lies in the question CEO Tony Hayward and other BP executives have been avoiding since the first drop of oil went rogue: How much oil is leaking?

The real answer is - more than anyone wants to admit, because the well holds enough oil to make Saudi Arabian drillers jealous.

The oil field the Deepwater Horizon had tapped is said to be the second largest deposit in the world. Viewzone.com reports, “The site covers an estimated 25,000 square miles, extending from the inlands of Alabama, Florida, Louisiana and Texas. “

The oil deposit is so large, it could produce 500,000 barrels of a day for more than a decade.

http://www.examiner.com/x-33986-Political-Spin-Examiner~y2010m5d23-BP-oil-leak-Fallen-Deepwater-Horizon-was-tapping-second-largest-oil-deposit-in-the-world