This morning the man in charge of handling oil spill relief funds, Kenneth Feinberg, said oil claims should be paid within 30-60 days. He said the process will be transparent and prompt.

In other oil news, BP says the first oil well is within 200 feet of meeting up with the original. When it gets there, it should take some of the pressure off of the blown-out well. Kent Wells, a senior VP at BP, says the next step is to close in on the hole & plug it.