Trying to downsize oil crisis

Bit by bit, we're starting to learn that there will indeed be life after the BP spill. In an amazing front-page piece, the NYT reported this morning that, "the oil slick in the Gulf of Mexico appears to be dissolving far more rapidly than anyone expected," A week or two ago, we started to see sport fisherman returning to the Gulf waters. Around that same time, economists began downplaying the effects of the spill (save for the Gulf Coast tourism industry). In other words, it's time to move on. All of which presents something of a problem for TV network executives, who have been peddling this story as the most monumental environmental calamity of all time. Right now, it's not looking that way. All I can say is that if this hadn't been such a strikingly visual story, with those dramatic overhead shots of red goo and the heartbreaking close-ups of pelicans covered in crude, broadcast coverage would not have been one tenth of what it turned out to be. And now comes the hard part: Since the crisis is more or less under control, how do they disengage? Well, as you can see in the above video from CBS (the most overwrought of the networks), they're really not.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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