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Re:X Prize to offer millions for Gulf oil cleanup solution by hga on Wednesday July 28, 2010 @07:23PM (#1555997)
http://news.ycombinator.com/item?id=1554351 (http://www.bloomberg.com/news/2010-07-27/oil-from-bp-spill-i...):

"Oil from BP Plc’s record spill in the Gulf of Mexico is biodegrading quickly ... the National Oceanic and Atmospheric Administration said.

Oil has been dissipating since BP stopped the flow from its Macondo well off the coast of Louisiana on July 15, NOAA Administrator Jane Lubchenco told reporters yesterday on a conference call. Crude that’s dispersed into the sea is being gobbled up by bacteria, she said."

Oil is to many people's surprise a natural substance and plenty of it naturally leaks into bodies of water like the Gulf so there's a lot of bacteria already evolved to feast on it.

Now this is not entirely good while it's happening since e.g. they consume oxygen to do it, but I gather that fish are smart enough to swim away from low oxygen concentrations.

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