"Nobody knows for sure what the gunk is, but Petty Officer 1st Class Terry Hasenauer says the Coast Guard is sure what it is not.
"'It's certainly biological,' Hasenauer said. 'It's definitely not an oil product of any kind. It has no characteristics of an oil, or a hazardous substance, for that matter.
"'It's definitely, by the smell and the makeup of it, it's some sort of naturally occurring organic or otherwise marine organism.'"
-- Don Hunter, Anchorage Daily News (reposted via Huffington Post)
UPDATE (7/19/2009) -- Tests have determined the blob to be a massive algal bloom. More info here:
http://www.time.com/time/nation/article/0,8599,1911517,00.html?xid=rss-fullnation-yahoo (Thanks to DemolitionDave for the link)
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