by RLMiller
In some circles, a "cold comfort letter" confirms certain accounting information and provides limited negative assurances concerning changes in the issuer’s financial condition since the last audit. To most of us, "cold comfort" means very slight consolation. (Graphic credit: Mike Mitchell) Today, both BP and high-ranking Obama Administration officials acknowledged what many of us have suspected and feared for some time: chances of stanching the flow of oil from the bottom of the Gulf of Mexico before August are slim at best. Some truth is finally being told after misstatements. It's cold comfort in light of cold facts: Do not pin all hope on the relief wells working in August.
continued at Daily Kos....
