Gold Drops to $1,200/oz for First Time Since June in New York
Chevron Reports Well Blowout in California’s Cymric Oilfield
The discharge took place at about 10:30 a.m., Russell Johnson, a Houston-based spokesman for Chevron, said in an e- mail late yesterday. Crews are on the scene working to stop the flow and the fluids being discharged are being contained, he said. No one was injured.
Johnson didn’t say how much oil was spilled. The Cymric field produces mostly heavy crude, which is forced out of the ground using steam.
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