BP Doc: A Lot More Oil Than Previously Estimated Could Be Leaking

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Photo: Getty Images

An internal BP document released today by Massachusetts representative Ed Markey "shows that the company estimates that a worst-case scenario rate for the oil spill could be about 100,000 barrels of oil per day," or 4 million gallons daily. That number is "far higher than the current U.S. government estimate of up to 60,000 barrels per day," according to Fox News. Meanwhile, BP plans to raise $50 billion in order to cover the costs of the spill: London's Sunday Times says that, over the next two years, the company hopes to raise $10 billion from a bond sale, $20 billion from banks, and $20 billion from asset sales.

'BP reportedly to raise $50 billion for spill' [MSNBC]
'Internal BP Document Shows Worst-Case Scenario for Spill Could Be 100,000 Barrels a Day' [Fox News]