BP ready to switch caps on Gulf leak: Coast Guard

HOUSTON (BestGrowthStock) – BP Plc is ready to switch caps at the wellhead of the gushing Gulf of Mexico leak as part of an effort to capture more of the oil, the top official overseeing the spill response said on Thursday.

Retired U.S. Coast Guard Admiral Thad Allen said BP and government officials would decide in the next 24 to 48 hours whether to switch the cap, which would lead to a short-term free flow of oil. The switch also would increase BP’s siphoning capacity to 80,000 barrels a day. (Reporting by Kristen Hays, editing by Vicki Allen)

BP ready to switch caps on Gulf leak: Coast Guard