[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/08/04/acosta.static.kill.cnn.art.jpg caption="CNN's Jim Acosta reports from the Deepwater Horizon site in the Gulf of Mexico."]
(CNN) – It could be the beginning of the end of the 107 day long nightmare for people living and working along the Gulf Coast. BP announced overnight that the static kill operation to seal the leaking oil well for good is working.
According to the New York Times, the government is set to announce that three quarters of the oil from the BP spill has already either evaporated, dispersed, been captured or otherwise eliminated. And the rest is so diluted that it doesn't pose much of a risk.
The Coast Guard took our Jim Acosta out for a bird's eye view of the Deepwater Horizon site just as the static kill was getting under way. There, he met up with the crew of the aptly-named Coast Guard cutter, Decisive. As the crew told him, they can feel that this operation has reached a decisive phase. Watch