Robert Gibbs Confirms BP's Oil Well Is Leaking At Top, With Seepage 2 Miles Away

07-19-2010 • ZeroHedge.com

A White House spokesman says BP's ruptured oil well is leaking at the top, along with seepage about two miles away. Robert Gibbs also says officials are monitoring bubbles that can be seen on an underwater camera. Leaks could mean the cap on the well has to be opened to prevent oil and gas from escaping elsewhere. The mechanical cap on the well stopped the flow of oil into the Gulf of Mexico on Thursday. Time to short BP as Matt Simmons thesis is now fully in play.