I’d wondered about the methane.  Years ago my geologist brother-in-law kept us all rooted to our seats (long after dinner had ended) explaining why deep sea drilling was so potentially dangerous, pressurised methane explosions were way up there on the list of things that could go wrong. So the title to Terrence Aym’s article "How the ultimate BP Gulf disaster could kill millions"  in Helium caught my eye:

If the huge methane bubble breaches the seabed, it will erupt with an explosive fury similar to that experienced during the eruption of Mt. Saint Helens in the Pacific Northwest. A gas gusher will surge upwards through miles of ancient sedimentary rock—layer after layer—past the oil reservoir. It will explode upwards propelled by 50 tons psi, burst through the cracks and fissures of the compromised sea floor, and rupture miles of ocean bottom with one titanic explosion.

The burgeoning methane gas cloud will surface, killing everything it touches, and set off a supersonic tsunami with the wave traveling somewhere between 400 to 600 miles per hour.

While the entire Gulf coastline is vulnerable, the state most exposed to the fury of a supersonic wave towering 100 feet or more is Florida. The Sunshine State only averages about 6 inches above sea level. A supersonic tsunami would literally sweep away everything from Miami to the panhandle in a matter of minutes. Loss of human life would be virtually instantaneous and measured in the millions. Of course the states of Texas, Louisiana, Mississippi, Alabama and  southern region of Georgia—a state with no Gulf coastline—would also experience tens of thousands, if not hundreds of thousands of casualties.

Read in full: How the ultimate BP Gulf disaster could kill millions – by Terrence Aym – Helium