BP has being very aggressive about addressing the latest catastrophe, spending as much as US$930-billion, including claims and federal costs, on the spill, according to an estimate from the company in Friday.
...proves to be on the high side by a factor of 1,000.
Meanwhile, if you want to know what the news will be 24 to 48 hours from now re the Great Gulf Oil Spill of 2010, read The Oil Drum (also good for Peak Oil stuff and material on how the energy sector and the environment interact, usually to the detriment of the latter). Seriously, "Top-Kill" failed on Thursday; the lamestream reported that on Saturday, even when BP was already readying LMRP on Friday. Mind you, they're mostly oil industry and engineering types writing and commenting over there, and they do nothing to dispel the stereotype of engineer as arrogant dick.
This guy has also been following events with a sharp eye. And that explosion noted the other day does indeed seem to have been an explosion type thingy rather than dirt kicked up the ROV (BP's submersible) moving around.
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