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Oil Washes Up in Louisiana
Friday, May 21, 10:18 AM ET

The pressure on oil giant BP is mounting after it is becoming clear that the oil from Transocean's Deepwater Horizon rig has reached Louisiana's wetlands.

Deep red oil has begun to coat miles of coastline along the Mississippi River Delta's southern tip, and a thick oily sludge has begun to wash up into inlets and settle amid marsh grass.

In Washington, officials have accused BP of not being transparent about the amount of oil actually being released and the clean up. Currently, a tube is siphoning off about 5,000 barrels of oil per day, but it is evident at this point that much more is leaking.

BP engineers are likely to resort to a new method, called a "junk shot" to plug the leaky well - which will involve shooting golf balls, shredded rope, and shredded tires into the well in an effort to plug it and then permanantly seal it with concreate.

BP shares have been steadily declining since the April disaster that killed 11 workers.

For MarketNewsVideo.com, I'm Sayoko Murase.

Oil Washes Up in Louisiana picture
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