In the messy wake of the BP Gulf of Mexico disaster, three giants of the oil industry—the aforementioned British Petroleum, perennial favorite Halliburton and Transocean—were butting heads and looking to stick each other ... (continued)
Slight progress has been made in trying to remedy the ecological and corporate nightmare that the BP oil spill in the Gulf of Mexico has become: On Wednesday, the company reported that repair workers were able to shut off one of the three leaks responsible for the catastrophic mess.
Amid a wave of finger-pointing, rough waters in the Gulf of Mexico have quickly tripled the surface area of what could become one of the most disastrous oil spills in U.S. history, with the goo already lapping at valuable shoreline habitat.
Just a month after President Obama’s rightward lunge into the realm of political appeasement known as offshore drilling, the administration reinstituted a ban on new drilling as it investigates the causes of the rig explosion and oil spill in the Gulf of Mexico.
The Russians are coming ... to Cuba. Moscow has inked a deal with Havana to hunt down and suck out what could be as much as 20 billion barrels of oil from Cuba’s share of the Gulf of Mexico. It’s just like old times.