U.S. District Judge Carl Barbier, who will ultimately put a price tag on the worst oil spill in American history if the many lawsuits against BP go to trial, has given the oil giant and its many, many plaintiffs another week to reach a settlement.
Even Wall Street executives have to be smacking their heads over this one The company that ran the Deepwater Horizon oil rig (before it exploded, killing 11 and filling the Gulf of Mexico with oil) has decided to give its executives bonuses for achieving "the best year in safety performance in our company's history" There are no words .
Attorney General Eric Holder says the government is going after nine companies involved with the Deepwater Horizon spill "for government removal costs, economic losses and environmental damages without limitation" (more).
Three of four tests showed that the cement mixture used by Halliburton in the construction of BP's ill-fated oil well in the Gulf was unstable, but the mixture was used anyway, a presidential commission investigating the disaster has found. The only successful test, which BP did not know about, has since come under suspicion.
The Woods Hole Oceanographic Institution is raining on Uncle Sam and BP's well-capping parade. Researchers at the institute say a 22-mile-long, 1.2-mile-wide oil plume deep under the Gulf's surface is degrading much slower than the government's more optimistic claims.
Americans get half of their shrimp from the Gulf of Mexico, but that was before it was contaminated by 190 million gallons of oil and 2 million gallons of chemical dispersant. Shrimp season officially started Monday, but it will be some time before we know whether the ravaged Gulf waters -- and American appetites -- are up to it.
"Deep Spill 2" sounds like a sequel to a Hollywood thriller. Unfortunately, it is more of a reality show. "Deep Spill 2" is the name of an ambitious series of proposed scientific experiments that should be happening right now.