Surprise: BP Doubles Initial Estimate of Lake Michigan Oil Spill

Cheat Sheet: The BP (NYSE:BP) oil spill on Lake Michigan that occurred Monday reportedly forced about 39 barrels, or 1,638 gallons of crude oil, into the lake, stemming from a malfunction in a Whiting, Indiana-based BP oil refinery, which lies about 20 miles southeast of downtown Chicago, according to ABC and the Chicago Tribune. The number is double what the company reported earlier this week. Reuters on Tuesday reported that oil totaled just 10 barrels, or approximately 500 gallons, which would make the......

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