BP still has a long way to go, but the worst is over.
There are still battles to be foght in Washington where it seems everyone and anyone us gunning for BP but as Prime Minister David Cameron has promised to fight BP's corner when he meets President Barack Obama next week the tide is turning.
More importantly the clean up of the Gulf can now continue without the oil continuing to seep from the well onto the coastline.
A new chairman for BP is likely after the laclustre showing of Carl-Henrik Svanberg during the disaster. More regrettably it also looks as if Tony Hayward, BP's embattled Chief Executive will meet the fate that has been rolling towards him since Deepwater Horizone exploded on April 20.
Since Mr. Hayward's remuneration in salary and bonuses in 2009 was £3,158,000 it's hard to feel pity for him as he will undoubtedly get his life back, as he so ineptly wished in front of an ascerbic American press corps some weeks into the crisis.