Tonight, Jon Stewart continued his "The Strife Aquatic" series related to the Gulf oil spill with a segment about the Obama-mandated $20 billion BP cleanup escrow fund—and exposed republicans who have backpedaled their opposition to it. Video inside.

Alabama tourism rep Rebecca Wilson has been filming oil spill updates from Orange Beach every day for weeks, as conditions worsen. Watching her put a cheery perspective on the tar ball-pummeled beach, is both amusing and depressing.

This weekend, while terrible things continued happening in America and its waters, BP CEO Tony Hayward went on a yachting race, and Barack Obama played golf. Are you objectively hating them both in equal measures, right now?

BP says it has already spent $2 billion on the Gulf oil spill, and it wants the well's shit talking co-owners Anadarko Petroleum to chip in. At this rate, that $50 billion fund will be gone real fast. [AP, Getty]

An internal BP document says that up to 100,000 barrels of oil could be leaking every day.

BP is setting up a $50 billion fund to pay for the Gulf oil spill, according to unnamed sources in London's Sunday Times. $10 billion would come from a bond sale, and $20 billion each from banks and asset sales.

The reports of BP CEO Tony Hayward being removed as oil spill czar are all wrong, says a company spokeswoman. Hayward is simply spending "some rare private time" watching his sailboat, Bob, race around the Isle of Wight today.

Stressed out BP CEO Tony Hayward is wasting no time getting his life back. Today he is enjoying the pristine waters off the Isle of Wight for a yacht race, where his boat "Bob" is competing.

America's only escapist pleasure during this endless oil spill has been yelling at and making fun of dour BP CEO Tony Hayward. What a dork! But now the fun's over, because Hayward will no longer manage operations in the Gulf.

An oceanographer from the National Center for Atmospheric Research says oil from the ongoing Gulf of Mexico spill will reach the Atlantic by October at the latest. [Wired; image via Getty]

Today, CNN reported that President Obama's Tuesday address failed because it was written at a 10th grade level and, therefore, too smart for us idiot Americans. Tonight, Stephen Colbert dumbed it down in the most hilarious way possible. Video inside.

Even though he's already apologized for his apology to BP for having to set aside $20 billion to help clean up the Gulf, Congressman Joe Barton isn't yet off the hook. And tonight, Jon Stewart made that clear. Video inside.

In a very forced announcement, Rep. Joe Barton apologizes for apologizing earlier to Tony Hayward over Obama's BP "shakedown." And, in a separate release, he says, "I retract my apology to BP." Dear God. Tony Hayward looks so confused.

John Boehner and fellow Republicans are, naturally, furious at freaking Rep. Joe Barton for apologizing to BP earlier this morning, at the beginning of Tony Hayward's hearing. Why did he do that? He could lose his fancy committee seat!

Texas Rep. Joe Barton, who's more or less an employee of the oil industry, delivered an incredible statement to comical BP CEO Tony Hayward this morning, apologizing for the White House's $20 billion dollar "shakedown" fund.

Last night, Stephen puzzled over the ban of the word "tweet" by the New York Times, and offered incentive for retweeting something of his. Click here, retweet, and Comedy Central will donate a dollar to gulf relief.

All of them have talked about it, and yet America is still dependent on foreign oil. From the looks of this clip, we'll probably stay that way for another 8 Presidents.

[Multinational oil giant BP's share price is up 9.8% in early trading on the London FTSE, a day after the company agreed to set up a $20 billion escrow account for Gulf oil spill victims. Dow Jones; image via AP]

What's the worst case scenario for the BP oil spill? How about the horrifying possibility of leaks in the pipe below the sea floor—leaks that could open up a "gusher... directly into the oil deposit"?

[Obama met with BP executives at the White House earlier this evening, after spending the past 58 days playing golf and hanging out with Bono.] (via White House Flickr)