By Mark Seibel (9 Jul 10)

Washington – In a dramatic turn of events, the Obama administration has given BP the go-ahead to remove the containment cap atop the runaway Deepwater Horizon oil well and replace it with a tighter fitting one in an attempt to stop all the oil now flowing into the Gulf of Mexico, perhaps as soon as the middle of next week.

If successful, no oil would gush into the Gulf of Mexico for the first time since soon after the Deepwater Horizon exploded in flames on April 20.

Thad Allen, the Obama administration’s point man on the oil spill, said Friday that the current containment cap will be removed on Saturday and that installation of the new one would begin three or four days later.

Once the new cap is in place, engineers will attempt to stop any oil from flowing out.

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