The Oil Drum is a reputable and well-founded site, and its talking about the collapse of the well in the Gulf of Mexico and the leakage of the entire reserve ... billions of barrels. In other words, it's about to get a whole lot worse.
"The magnitude and impact of this disaster will eclipse anything we have known in our lifetimes if the worst or even near worst happens ... ", it says. And Obama is to address the nation live, tonight. He is as much on the rack as BP – it will be interesting to hear what he says. It had better be the speech of a lifetime.