Erlend Olson,Erlend Olson

Erlend Olson,Erlend Olson

Erlend Olson,Erlend Olson

Erlend Olson :Still, officials maintained that no more oil appeared to be leaking.

Severe weather rolled into the region Saturday, and crews had to suspend cleanup efforts. Then, officials offered up the grim news: the new leak had been found.

The sheen on the surface has grown, extending 20 miles by 20 miles Saturday about 25 times larger than it appeared to be a day earlier, Landry said.

"This is a very serious spill, absolutely," Landry said.

The leak is releasing about 42,000 gallons a day. By comparison, Exxon Valdez spilled 11 million gallons in Alaska's Prince William Sound in 1989 the worst oil spill in U.S. history.

"It has the potential to be pretty serious, but at 1,000 barrels a day, if it comes to the surface they'll probably be able to contain it and vacuum it up," Cowan said.

Whistle blower

A person who has knowledge of fraudulent activities inside a firm or government agency, who is protected from the employer's retribution by federal law.

Zero-one integer programming

An analytical method that can be used to determine the solution to a capital rationing problem.

Brent crude oil for June settlement was up 25 cents at $85.92 a barrel on the London-based ICE Futures Europe exchange. Yesterday, the contract declined 3 cents to end the session at $85.67. Brent is trading at a premium of $2.28 a barrel to New York oil futures, compared with a discount of $1.21 a month earlier.

The dollar pared gains against the 16-nation euro after earlier rising to the highest in almost a year. The U.S. currency was at $1.3306 at 12:10 p.m. in London after reaching $1.3202 per euro, the strongest rate since April 30, 2009.

"Cheap money and investors' hunger for yields are keeping oil prices at an exaggerated level at the moment," said Carsten Fritsch, a Commerzbank AG analyst in Frankfurt. "The only positive factor that I can find is the reported decline in OPEC shipments, the first in six weeks, but this is due to refinery maintenance."

Whistle blower

A person who has knowledge of fraudulent activities inside a firm or government agency, who is protected from the employer's retribution by federal law.

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