OK let's go to other big economic stories from yesterday:
The blow well in the Gulf of Mexico continues to worry us all:
The BP authorities are rushing in like grease-lightening trying to perform a "top-kill" in order to stop a huge number of gallons of oil spilling into the gulf.
They have not given us estimates as to how much is being released but it can spill up to 3million gallons of oil per day. The deposit is over 5000 feet below the surface
and thus the pressure is so huge down there, the blow-out can spill millions of gallons in a 90 day period in the gulf. This will destroy fisheries as well as create havoc for
shipping as a lightening strike can create a massive fire and blow up a ship. Plant life will be destroyed.
Here is a must read article on the subject so everyone can understand its alarming details:
Here are some of the more important passages. I urge you to read the entire article
This is the latest from BP: