BP confirms that leak will be fixed only in August

The head of BP's Gulf Coast restoration unit, Bob Dudley, might have been just a little overenthusiastic in his statement to the Wall Street Journal that BP could potentially fix the leak in its oil well in the Gulf of Mexico as soon as July 20. Fair enough, he did say that this would happen only "in a perfect world with no interruptions", which pretty much means it won't. BP have reiterated that August is its deadline for plugging the leak. Read more: Reuters