By BEN NUCKOLS and JANE WARDELL
ASSOCIATED PRESS
PORT FOURCHON, La. -- BP lost billions more in market value Tuesday when shares fell steeply in the first trading day since the company failed to plug the worst oil spill in U.S. history, as investors realized the best chance to stop the leak was months away and there was no end in sight to the cleanup.
As hurricane season began on the fragile Gulf Coast, BP settled in for the long-term. With the ambitious "top kill" abandoned over the weekend, BP's hope to stanch the leak lies with two relief wells that won't be finished until at least August. The company is, however, trying another temporary fix to contain the oil and siphon it to the surface by sawing through the leaking pipe and putting a cap over the spill.
The cleanup, relief wells and temporary fixes were being watched closely by President Barack Obama's administration. Obama planned to meet for the first time Tuesday with the co-chairmen of an independent commission investigating the spill, while Attorney General Eric Holder was headed to the Gulf Coast to meet with state attorneys general.
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