Oil giant BP faced mounting pressure Monday to control a massive oil slick in the Gulf of Mexico after the US government threatened to take over the response to the month-old disaster. “If we find that they’re not doing what they’re supposed to be doing, we’ll push them out of…
One of the American political establishment’s most enthusiastic supporters of dangerous offshore drilling appears to have suffered either a dramatic change of heart or a severe bout with amnesia. Sarah Palin, the one time vice presidential candidate and former governor of Alaska who quit after less than half her elected…
(AFP) – The massive explosions ahead of the sinking of the Deepwater Horizon rig — leading to a huge oil slick threatening the Gulf — came after BP ordered a faster pace of drilling, a rig worker told CBS’ “60 Minutes” program Sunday. With its complex drilling operations costing the…
Oil leaking from a ruptured well pipe in the Gulf of Mexico washed ashore in two new locations on Saturday, the Coast Guard said, as the latest attempt to contain the spill faltered. Efforts to siphon leaking oil via an “insertion tube” up to a container vessel continued a day…
The retired chairman of an energy investment banking firm told National Geographic in little-noticed comments Thursday that efforts to stop the oil leak under the Gulf of Mexico could prove fruitless and than oil could gush into the ocean for years. Matthew Simmons, retired chair of the energy-industry investment bank…
Update: Kerry, Lieberman to press ahead without Graham Senators John Kerry (D-MA) and Joe Lieberman (I-CT) announced on Friday that they would press ahead next week with an energy and climate change bill despite losing the support of Senator Lindsay Graham (R-SC). Graham had called on his colleagues earlier on…
Perhaps the right is rattled by the SWAT team they believed had been called up to disperse a tea party demonstration in Quincy, IL, but which turned out to be local police in body armor clearing the street to enable President Obama’s motorcade to pass through. But whatever the cause,…
Oil from a leaking well in the Gulf of Mexico began washing ashore in the southern US state of Louisiana, threatening an ecological disaster, a local official told AFP. Blown by strong southeast winds, a sheen of oil reached the fragile coastal wetlands of South Pass late Thursday near the…
PORT ARTHUR, Texas (AP) -- As much as 450,000 gallons of crude oil spilled in a southeast Texas port Saturday after two vessels collided, the U.S. Coast Guard said. No injuries have been reported, but part of the port has been closed and some nearby residents have been evacuated.…
LONDON — Oil prices rose on Thursday, extending a rally caused by a larger-than-expected drop in US energy stockpiles, traders said. New York’s main futures contract, light sweet crude for delivery in February, rose 37 cents to 77.04 dollars a barrel. Brent North Sea crude for February delivery gained 25…