The panic increased yesterday, CBS magnanimously reported, when tarballs off Key West were discovered and wrongfully surmised as related to the Deepwater Horizon spill. How much is this spill going to spread? Where will it end up? What about those currents that act like “high-speed trains”? Could it go east?

The panic, however, was premature, as nearly all media-driven panics are. Today, the Coast Guard announced the balls of tar were not related to the Deepwater Horizon explosion in the Gulf of Mexico on April 20th.

Tarballs, it seems, are actually quite common and can come from “natural seepage from the ocean floor”, the Los Angeles Times reported.

Analyzing the Tarballs off Key West beaches, the Coast Guard determined they did not match the type of oil from the gulf spill, a light sweet crude oil that is successfully evading detection.

The AP reported last week that, even though there is oil in a blob off the Louisiana coast and a thin sheen and gooey bits have reached the shore, approximately more than one-third of the oil – the “thickest stuff” – is still MIA.

The experts, using a National Oceanic and Atmospheric Administration program to predict the moxie behavior of oil spills, has found “more than a third of the oil may already be out of the water.”

About 35 percent of a spill the size of the one in the Gulf, consisting of the same light Louisiana crude, released in weather conditions and water temperatures similar to those found in the Gulf now would simply evaporate, according to data that The Associated Press entered into the program.

Simply evaporate. That isn’t consistent with the media narrative, thus the reason it hasn’t been repeated.

Meanwhile, any additional tarballs off Key West will no doubt warrant another CBS report concerning the oil spill fears “upping” and possibly another finger-pointing lecture from Obama who will not tolerate any more “finger-pointing“.