BP’s Drilling Disaster is quickly unfolding to become one of the world’s worst ever environmental catastrophes. Credible sources already are saying that the volume of oil gushing into the Gulf exceeds the Exxon Valdez, and shockingly, there is no end...
I was talking to a colleague who works on oil issues yesterday about the Gulf of Mexico spill. As we chewed over the unfolding disaster, he said “the trouble is that the spill might make Canada’s tar sands more attractive...
Disaster One. New estimates put the amount of oil per day pouring into the Gulf of Mexico at one million gallons a day. If this is so, BP’s disaster may have spilt more oil than the Exxon Valdez, when at...
BP’s CEO Tony Hayward has come up with the ultimate excuse for the spill in the Gulf of Mexico, claiming it is "relatively tiny" compared with the "very big ocean". In an interview with the Guardian newspaper, Hayward tried to...
Today, its Top Kill or bust. Never have the stakes for BP been higher. Latest estimates are that the company could face up to $70 billion in penalties and pay-outs for the Gulf oil spill if today’s attempts to stem...
Just a few weeks ago the online debate would have been unthinkable. But today, the Times newspaper, Britain’s bastion of the establishment and the powerhouse of the Murdoch media empire, is asking its readers whether the embattled boss of BP...
[caption id="attachment_4893" align="alignleft" width="172" caption="U.S. Coast Guard photo"][/caption] What is being played out now is really quite astonishing. Just a few days ago, BP’s dividend was a seen by City investors as a line in the sand that could not...
So the viral joke on the internet is that whether it be oil spills or footballs – England can’t contain either. After England goalie Robert Green’s disastrous mistake against the US on Saturday night at the World Cup – can...
[caption id="attachment_4922" align="alignleft" width="169" caption="BP"][/caption] Yesterday was yet another gaffe from BP, but thankfully it was not yet another one from the company’s CEO Tony Hayward. This time it was the company’s chairman who was speaking to the media for...
To pardon the pun, but the tide is turning. Soon everything could be back to normal. There is an aggressive lobbying campaign by the oil industry to overturn Obama’s offshore drilling moratorium, despite the fact that opposition of offshore drilling...
