Some predictions show the spill from the Deepwater Horizon wreck will extend up the East Coast and into the middle Atlantic by August. The current NOAA map shows the oil slick already moving in that direction rapidly.
BP plc (NYSE: BP) says it has put a cap on the leak, but the effect appears to have stanched the flow only modestly. It is still likely that 20,000 barrels a day are rising to the surface.
The NOAA’s latest report is that:
Onshore winds are expected to continue moving oil toward shorelines in Louisiana, Mississippi, Alabama, and the panhandle of Florida. More oil was reported on Grand Isle beach, along with oiled animals and debris.
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
