It seems BP is totally at a loss as to what to do about the problem. They have not only lied about the circumstances surrounding the situation numerous times since this all began a month ago, but they've also fumbled every potential fix thus far while also doing a horrible job in preventing the spill from spreading. The feds, on the other hand, seem content to go "Why are you looking at us?? We can't handle oil! You so crazy." and leave everything to BP. The Coast Guard is assisting somewhat with preventing the oil from making landfall, but they aren't doing much, and apparently both parties are totally screwing up any attempt to contain the spill via booming by botching the deployment of the boom hoses/rope.
The oil is already seeping into our marshland:
This will not only destroy the ecosystem of our marshlands, but will hinder us when the next storm arrives. Marshland is a crucial element in decreasing the storm surge associated with incoming hurricanes (I want to say the formula is a mile of marshland decreases storm surge by a foot), and if we lose enough of this, the chances of the New Orleans area flooding when the next storm arrives even with little rain at all increases dramatically.
On top of that, our fishing industry is slowly being destroyed, hundreds of fisherman are now out of work, and depending on how this continues, much of our swampland could be ruined too, impacting tourism on top of hunting/fisheries.
If we can't get a handle on this soon, the long term ramifications could be far more damaging to Southern Louisiana than Katrina.
Here are some shots of the spill from a commercial flight flying overhead: