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I'm just repeating what Becky said on CNBC a Few minutes ago. The heavy mud being pumped into the well has stopped the flow of oil for now and what you see is mud soewing for the pipe. Makes sense to me, but will it hold that is the question.
Problem is the oil pressure is still greater than the weight of the mud. Oil is pushing the mud out, until the pressure is down to -0- and nothing is coming out (oil or mud) they haven't suceeded.