Thursday, July 1, 2010

FOXNews.com - BP Oil Spill Set to Become Gulf's Biggest Ever

FOXNews.com - BP Oil Spill Set to Become Gulf's Biggest Ever

NEW ORLEANS -- BP's massive oil spill will become the largest ever in the Gulf of Mexico by Thursday based on the highest of the federal government's estimates, an ominous record that underscores the oil giant's dire need to halt the gusher.

The oil that's spewed for two and a half months from a blown-out well a mile under the sea is expected to surpass the 140 million gallon mark, eclipsing the record-setting Ixtoc I spill off Mexico's coast from 1979 to 1980. Even by the lower end of the government's estimates, at least 71.2 million gallons are in the Gulf.

The growing total is crucial to track, in part because Great Britain-based BP PLC is likely to be fined per gallon spilled, said Larry McKinney, director of Texas A&M University at Corpus Christi's Gulf of Mexico research institute.

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