I didn't see another thread on this topic, but it's been in the news for the past week. A blowout on a deep water offshore oil rig killed 11 workers and sank 5000 ft to the bottom of the ocean last thursday. It's been leaking oil into the Gulf of Mexico at a much higher rate than initially expected. They're saying it could become the USA's worst environmental disaster in decades.
http://www.forbes.com/feeds/ap/2010/...gebusinessnews
MOD edit: link to oil-spill-cam
http://www.wkrg.com/gulf_oil_spill/spill_cam/