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Gulf Oil Spill No Trust

From MSNBC:

NEW ORLEANS – The cost of BP’s response to the oil spill in the Gulf of Mexico has reached about $1.25 billion, the company said Monday.

BP said the figure does not include $360 million for a project to build six sand berms meant to protect Louisiana’s wetlands from spreading oil.

The news comes as the government’s point man on the spill warned that the battle to contain the oil is likely to stretch into the fall.

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The inverted funnel-like cap is being closely watched for whether it can make a serious dent in the flow of new oil. Coast Guard Adm. Thad Allen, overseeing the government’s response to the spill, reserved judgment, saying he didn’t want to risk offering false encouragement.

The spill’s harmful environmental effects also appeared to spread to Texas, with the government reporting Sunday that dead birds with oil on them were found for the first time in that state.

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