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What oil spill?

I keep hearing news people describe the BP well problem as a spill. Is that accurate? Spill seems to suggest it was contained in something it wasn't in in the first place (like an oil tank) and then got out. The Exxon Valdez disaster--now THAT was a spill. The BP well head blowout is really an oil spew.

As long as no news people start calling it the penultimate oil spill. That would compel me to call them and ask how they know there'll be only one more forever after.