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In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of between 3,000 to 4,000 feet. Because the oil blob is heavier than water, it remains frozen at current depths.

We cannot verify the accuracy of this report.  But if it is true, then it doesn't bode well for those living on the Gulf coast. To read the rest of the article, click here and here.

Unconfirmed report of oil showing up on Miami Beach. (5/21/10, 5:15 pm San Francisco time).