While the disaster in the Gulf gushes on, there are some reasons to be hopeful.

First, while it is the beginning of the Hurricane season for the Gulf of Mexico, there seems little reason to think a hurricane is on the way any time soon.

Second, BP workers are working to put the new containment cap on the out of control well. Already they have the old misfitting cap off. The oil is flowing at the moment unimpeded, but that will change as soon as the new cap is fitted tightly on the well.

Retired Coast Guard Adm. Thad Allen, the federal official in charge of responding to the worst environmental catastrophe in the nation's history, said today "a new containment cap and the deployment of another ship to collect oil could effectively contain the spill by Monday July 12th 2010."

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