So far so good in the latest attempts to contain the oil spill in the Gulf of Mexico. What must you know about the latest developments?
Despite earlier reports that something was seeping onto the sea floor near BP’s well, the oil giant told Reuters later Monday, "Scientists have concluded that the seep was naturally occurring."
The reports also said BP was testing two sets of bubbles rising from the top of the wellhead. According to the company it is possible the bubbles are nitrogen, which can form at the seabed atop deepwater wells, rather than natural gas, which could signal a leak in the well. BP has taken samples of both bubbles for testing. "We will communicate results when testing's complete," a BP spokesperson said.
Lately there's been a great deal of speculation concerning the Gulf spill and how it will impact energy companies. But what must an investor really know?