Latest on oil disaster

It's not looking good. Catch this opening from the LAT:

The oil spill in the Gulf of Mexico presents BP Exploration and Production with a problem of unprecedented severity -- a limitless gush in very deep waters -- forcing the London-based company to grasp for fixes that have never been tried before. The problem with the April 20 spill is that it isn't really a spill: It's a gush, like an underwater oil volcano. A hot column of oil and gas is spurting into freezing, black waters nearly a mile down, where the pressure nears a ton per inch, impossible for divers to endure. Experts call it a continuous, round-the-clock calamity, unlike a leaking tanker, which might empty in hours or days.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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