CHALMETTE, Louisiana (GlossyNews) — Add abysmal stock prices to the $20 billion escrow fund and BP’s existing $2.35 billion clean up tab, and you begin to realize how quickly deep pockets grow shallow. The Deep Horizon oil spill in the Gulf of Mexico has destroyed the petroleum giant’s forecasted $14 billion profit margin. And with 2.5 million gallons of crude spewing from the well daily, it becomes a daunting, if not impossible, task to calculate the financial hardships BP may be facing in the very near future. To further complicate matters, various pension fund managers have announced plans to sue BP for heavy investment losses. Read the full story

Smelly Corners, LA (GlossyNews) — President Barack Obama’s recent visit to the Gulf Coast was billed as a chance for the Commander in Chief to assess the damage caused by the massive oil spill, but a top White House aid says that there may have been another reason for the trip.

“He went there to whip the oil into shape and rouse the leak into closing,” the aide said, speaking on the condition of anonymity. “He figured if he could get Republicans to vote for him in 2008, a health care bill pushed through during 2009, and ‘don’t ask don’t tell’ repealed in 2010, he should be able to talk an oil spill back into the ground.” Read the full story

CHARLOTTE, NC (GlossyNews) — Sociologists have discovered a slow infestation that they believe is eating away at the American heartlands. “Yuppie Sprawl,” as it has been termed, is a corrosive and invasive social blight that now threatens the infrastructure of the traditional American landscape. Read the full story