With big oil companies eager to expand offshore exploration in the Arctic, an environmental group on Wednesday warned that the United States is ill-prepared to deal with an oil spill there.
BP's shareholders may receive more this year from the company's coffers than those affected by the spill in the Gulf of Mexico will receive in their lifetime.
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.
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.
With big oil companies eager to expand offshore exploration in the Arctic, an environmental group on Wednesday warned that the United States is ill-prepared to deal with an oil spill there.