More video of oil spewing from the damaged oil well a mile underwater in the Gulf of Mexico. Meanwhile, BP says that the leak will have only a "very modest" environmental impact. Here's what CEO Tony Hayward told Sky News (via AFP):
"I think the environmental impact of this disaster is likely to have been very, very modest. It is impossible to say and we will mount, as part of the aftermath, a very detailed environmental assessment. But everything we can see at the moment suggests that the overall environmental impact will be very, very modest."