News comment of the day: Gulf oil spill is ‘a disaster of unprecedented proportion’
Michael DeMocker / The Times-PicayuneAn oily sheen is seen at the site of the Deepwater Horizon oil rig disaster on Tuesday.Times-Picayune reporter Mark Schleifstein’s story, “Louisiana warns BP: You’re cleaning up any oil that gets near the coastline,” has drawn… Read more on New Orleans Times-Picayune
A black tide is washing up on the coast of Louisiana as US authorities assess the environmental and economic damage that could follow from an oil spill in the Gulf of Mexico. Traces of the oil are reported to have started washing ashore in Louisiana and there are fears it will become one of the worst environmental disasters on record. The oil began leaking last week when a damaged pipe from a BP rig exploded and sank, killing 11 people. Australian Broadcasting Corporation
BP’s Latest Attempt to Siphon Oil From Gulf Is Successful, Executives Say
In a major step toward containing a massive Gulf of Mexico oil leak, BP said a mile-long (1.6-kilometer-long) tube was funneling crude Sunday from a blown well to a tanker ship after three days of wrestling to get the stopgap measure into place on the seafloor. Read more on Fox News
Substantial safety concerns raised about the Atlantis, another BP oil rig
The company most closely linked to the Gulf of Mexico oil spill also owns a rig that operated with incomplete and inaccurate engineering documents, according to records and interviews, a deficiency that one company official warned could “lead to catastrophic operator errors.” BP – Business – Gulf of Mexico – Social Sciences – Archaeology Read more on Washington Post
(AFX UK Focus) 2010-05-16 16:30 UPDATE 1-BP will make new bid Sunday to contain oil spill-source
LONDON, May 16 (Reuters) – Energy giant BP captured oil and gas leaking from an offshore well in the Gulf of Mexico and had to interrupt the operation, but believes a new attempt on Sunday could be successful, a source close to the operation told Reuters. Gas was taken to the surface and it was flared in the suspended operation on Saturday. The oil entered the pipe but didn’t make it all the way … Read more on Interactive Investor
U.S. Seeks BP Clarification of Plan to Pay for Gulf Oil Spill
May 16 (Bloomberg) — The U.S. government is seeking assurances from BP Plc that the company will pay for all damage relating to the oil spill off the coast of Louisiana. Read more on Bloomberg
BP tussles with latest bid to contain US oil spill
BP Plc struggled on Saturday to get its latest effort to contain the massive Gulf of Mexico oil spill to work as the Obama administration demanded that the British energy giant clarify its intentions on paying for damage caused by the accident. Read more on Canada.com
BP says mile-long tube working to halt Gulf oil spill
Associated PressWeathered oil from the leaking pipeline is seen on the surface of the Gulf of Mexico.BP said early Sunday afternoon that the mile-long tube is working, drawing most of the leaking oil to the tanker from the Gulf seafloor…. Read more on New Orleans Times-Picayune
LIVE STREAMING VIDEO: Unified Command News Conference on Gulf Oil Spill
The U.S. Coast Guard will hold a news conference in Robert, La., to bring us the very latest information on the oil spill in the Gulf of Mexico.
Ocean Rehab oil spill surveys News Video. The fate of Florida’s wetlands seems horrific and many scientists predict catastrophic damages to Mangroves, Sea Grass and Coral Reefs. Ocean Rehab Initiative organized volunteers and scuba divers to Survey and Inventory the Middle Florida Keys Pre-oil. ABC, NBC, CBS, FOX and MSNBC each created a News Story four our efforts, thanks a million. John Bachmann and Alexis Rivera you were fantastic.! To get involved with Our Volunteer Florida Eco-system surveying and inventory contact us today at www.OceanRehab.org Thanks and share with friends please. Ocean Rehab Initiative Inc. is a 501(c)3 Florida Non-profit Charitable Organization.
Is Obama's Offshore Drilling Policy to Blame for Gulf Oil Spill? U.S. News & World Report (blog) … and combating this disaster, than by spending all our time pointing fingers. Now it seems that there is more than an oil spill that needs cleaning up. … Investigators looking into details of Gulf oil spill disasterMiamiHerald.com Editorial: Gulf oil spill … safety devices worthless if warning signs ignoredNaples Daily News Regulatory Failure Marks Gulf Oil Spill DisasterFiredoglake (blog) Fort Worth Star Telegram –NOLA.com –Charlotte Observer all 1,583 news articles »
Angry Obama Seeks to Deflect Blame for Gulf Oil Spill Crisis CBS News The potential political downside to a disaster is huge. Just ask George Bush. The White House, and most who have closely compared the responses, … President Obama's Gulf Oil Spill Message: I'm AngryABC News (blog) Lawmaker questions BP over oil spill estimatesReuters BP Risks Disaster By Playing Down the Gulf Oil Spill's True SizeBNET Christian Science Monitor –Federal News Service (subscription) –KEYC all 6,963 news articles »
Market Commentary and Intraday News
(AP:NEW YORK) With the exploded well in the Gulf of Mexico continuing to spew 200,000 gallons of oil a day, the cleanup has already cost BP $450 million and it’s rising by $10 million a day.
Loading ...