BP Not Fazed By Massive Oil Spill
CNN's John Roberts speaks to Doug Suttles, COO of BP's exploration and production division about the options BP has to stop the 5,000 barrel-per-day leak. There are rumors the well could leak as much as 60,000 barrels of oil a day, so what is BP doing to stem the tide? It's called a coffer dam, a massive construction of steel and concrete that will be placed deep in the ocean, right above the leaking well. Once the dam is in place, BP will carefully pump the leaking oil safety to tankers until they can repair the broken well beneath.
And the costs? While there's a $75 million cap on what companies have to pay for economic damages caused by the oil spill, BP seems committed to spending however much it takes.
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