I find it ironic that just a couple weeks after Obama announced that large segments of the coast are to be opened to oil exploration and drilling, that the Deep Horizon accident happens.
Given the scale of the disaster, which will almost certainly exceed the Exxon Valdez in scope, this could spell the end of the argument for further oil exploration along the US coast.
To read up on the rig:
http://en.wikipedia.org/wiki/Deepwater_Horizon
To monitor the disaster.
http://www.nasa.gov/topics/earth/fea...oil-creep.html