First, the good news: Last night, a B.P. executive announced that the Gulf Coast oil spill could be plugged up as soon as next week. The company plans to embark on a new process to stop the gusher that involves “injecting a large amount of heavy ‘mud’—a fluid used as a lubricant and counterweight in drilling operations—into the well bore. If that succeeds, the well will be cemented shut, officials have said,” according to CNN.

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