oil spill

Again With the Offshore Drilling

Oct 12, 2010
After clamping down and imposing a ban on offshore drilling in the wake of last spring's disastrous oil spill in the Gulf of Mexico, Interior Secretary Ken Salazar announced Tuesday that the moratorium is over and, as he put it, "We are open for business."
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BP Passes the Buck

Sep 8, 2010
That whole Gulf of Mexico oil spill thing? It wasn't just BP's fault -- or so says BP. The oily megacorp released an internal report Wednesday that pointed to "multiple companies and work teams" that also, in BP's humble estimation, shoulder some of the blame for the disaster.

The $8 Billion Oil Spill

Sep 3, 2010
New estimates of the cost of the BP oil blowout in the Gulf of Mexico have jumped to a staggering $8 billion, up $2 billion in August alone as the company announced it had already paid out almost $400 million in claims to individuals affected by the spill.

The Cost of Not Drilling

Aug 22, 2010
Previously undisclosed documents have measured the economic impact of the U.S. federal moratorium on deep-water oil drilling at 23,000 jobs lost and billions of dollars in frozen investment. Federal officials went ahead with the ban, now tied up in court, because they distrusted industry safety equipment and standards.