What's Next for the Oil Spill?


It's day 100 of the Deepwater Horizon oil spill in the Gulf of Mexico.

BP has capped the well, appointed a new CEO, and set aside billions to cover costs.

Nearly two weeks after BP capped the gushing well, there appears to be less oil floating on the water's surface, but government scientists warn that doesn't mean it isn't still lurking deep below.

"We're currently doing a very careful analysis to better understand where the oil has gone and where the remaining impacts are most likely to occur," said Dr. Jane Lubchenco, NOAA Administrator.

Federal officials say some of the oil appears to be breaking apart very quickly, but large underwater plumes have some experts worried. They fear much of the crude is still trapped below the surface after more than 700,000 gallons of chemical dispersant were used to break it up. The permanent solution, a relief well, is still several weeks away.

Tara Mergener reports, “The government is still trying to figure out exactly who should be held accountable for the disaster. The SEC and the Justice Department are preparing a criminal probe of at least three companies.”

According to the Washington Post, BP, Transocean, and Haliburton are the targets of the investigation. Officials are looking into whether relationships with federal regulators contributed to the disaster.

The latest probe is just another sign that BP's newly named CEO will have his hands full. American Bob Dudley will replace embattled CEO Tony Hayward in October.

"There's no question that we are going to learn a lot from this, and I'm sure there will be changes," said Dudley.

Those changes are already taking shape. BP plans to sell $30 billion in assets and set aside $32 billion more to cover the costs of the largest oil spill in U.S. history.

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