Menu
Home

Disasters

Adm. Mike Mullen says oil industry has better technology for dealing with Gulf spill

NEW ORLEANS (AP) — Responding to suggestions that the military should take the lead in responding to the oil spill in the Gulf of Mexico, the chairman of the Joint Chiefs of Staff says the oil industry is better-equipped to deal with the disaster.

Speaking Monday on ABC's "Good Morning America," Adm. Mike Mullen said the military has looked at equipment it has available but "the best technology in the world, with respect to that, exists in the oil industry."

Mullen also says any decision on the military taking the lead would come from the president.

The spill, which began after an oil rig exploded off Louisiana's coast, is the worst in American history. According to government estimates, it's already released between 18 million and 40 million gallons of oil into the Gulf.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.28% -- 4.28%  
15 Y Fixed Graph 3.26% up 3.17%  
30 Y Fixed Jumbo Graph 4.53% dw 4.55%  
5/1 ARM Graph 3.43% dw 3.51%  
5/1 Jumbo ARM Graph 3.56% dw 3.57%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.36% up 4.34%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.07% up 5.04%  
$50K Loan Graph 4.51% up 4.50%  
$75K Loan Graph 4.51% up 4.50%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% -- 2.92%  
36 M Used Graph 3.46% up 3.43%  
48 M New Graph 3.21% up 3.18%  
48 M Used Graph 2.98% up 2.92%  
60 M New Graph 3.23% up 3.18%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.66% -- 0.66%  
5 yr Graph 1.35% up 1.34%