The BP oil slick drifted close to the Florida Panhandle's white sand beaches for the first time as submersible robots a mile below the Gulf of Mexico made the latest risky attempt to control the seafloor gusher.
Even if it works, the current mission to cut a major pipe and cap it would only reduce the flow, not stop it. If it fails, it could make the largest oil spill in U.S. history even worse. The best hope for sealing the leak, until a permanent fix is possible in August, failed Saturday, when engineers were unable to plug it with heavy mud in a maneuver called a top kill.
Investors ran from BP's stock for a second day Wednesday, reacting to the top kill …
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