You're going to see foreclosure rates the highest in history. I should note parenthetically that US foreclosure rates are now higher than they were in 2008 and 2009. More troubled banks. So we're going to see millions, perhaps five to 10 million displaced people having to leave the area and the US government is doing nothing. And I think this is a paradigm issue in that I don't think the US government or BP or anybody is even capable of comprehending what has been unleashed in the Gulf.
GARY NULL: Well let's back up and go over a few of these details a little more carefully. We've been led to believe that the only problem is getting this single well capped. You and several others are now suggesting that underneath that seabed, which we cannot see, there are fractures in the existing pipe that with 100,000 pounds per square inch of pressure there is no way to put a cap on it. If you do then it's just going to cause a rupture further down and they don't know how many gallons or barrels of oil are in that reservoir. I've heard estimates of 2.5 billion and I've seen estimates of 400 billion. And so we don't know. I've heard it said from a qualified source that this is one of five interlinked reservoirs.
So it's not as if it's just one well. This also could bring in others. Now if we have multiple ruptures, at least as far as I understand, then the two other wells that they're drilling now will not be able to solve the problem because they're not going to be able to stop the additional cracks.
MICHAEL RUPPERT: That's right.
GARY NULL: Which means that until such time this would actually create a rise in the sea level in that immediate area and then implode back down upon itself from pressure and seal itself hopefully. I don't see how we're going to be able to seal this.
MICHAEL RUPPERT: There is none.
GARY NULL: And I would then estimate that we could have 100,000 gallons per well. But we may have many other gallons coming from these other fissures, which means that we could have double or triple the amount of oil flow. Is that accurate or not?
MICHAEL RUPERT: That's fairly accurate. You know, this is like tracking down numbers on
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