ARE PEOPLE exaggerating the seriousness of the damage cause by the Gulf oil spill? Time thinks so:

Yes, the spill killed birds — but so far, less than 1% of the birds killed by the Exxon Valdez. Yes, we've heard horror stories about oiled dolphins — but, so far, wildlife response teams have collected only three visibly oiled carcasses of any mammals. Yes, the spill prompted harsh restrictions on fishing and shrimping, but so far, the region's fish and shrimp have tested clean, and the restrictions are gradually being lifted. And, yes, scientists have warned that the oil could accelerate the destruction of Louisiana's disintegrating coastal marshes — a real slow-motion ecological calamity — but, so far, shorelines assessment teams have only found about 350 acres of oiled marshes, when Louisiana was already losing about 15,000 acres of wetlands every year.

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