Deepwater Horizon defendants vow to fight charges
Two BP well-site leaders and a former executive pleaded not guilty and defiantly promised Wednesday a vigorous defense to felony charges stemming from the 2010 Gulf of Mexico disaster, a day after the British oil giant they worked for made an appearance before the same judge to answer to manslaughter charges.
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BP suspended from new federal contracts
The Obama administration’s decision Wednesday to take the rarely used step of barring BP from entering new federal government contracts for its role in the 2010 Gulf oil spill potentially costs the company millions while threatening the British oil giant’s stance as a major offshore energy producer and one of the military’s biggest jet fuel suppliers. More »
What does it take to get booted from the Gulf?
The Black Elk Energy accident shows the post-Deepwater Horizon safety culture in the Gulf is looking disturbingly similar to the pre-Deepwater Horizon safety culture in the Gulf. More »
7.3% of your paycheck goes in the tank
Texas drivers spent 7.3 percent of their income on gasoline in 2011, making them among the most vulnerable motorists nationwide to climbing fuel prices, according to a report issued Monday. More »
California cap & trade an Enron redux?
California is once again preparing to meddle in manipulated markets, adopting a structure disturbingly similar to Enron’s former playground in electricity. More »
How felony pleas could work against BP in other cases
The admissions in BP’s criminal settlement may mean it has less chance of avoiding the maximum environmental fines. More »
In BP settlement, felonies matter more than fines
BP claims that it has learned its lesson from the Deepwater Horizon disaster. Pleading guilty is a big step toward showing that’s true. More »
Baker Hughes chairman says U.S. will face shale gas competition
The energy industry must educate the public and its elected officials about the benefits of technologies driving the natural gas shale boom, Baker Hughes’ chairman says. More »
The fiscal cliff looms as president re-elected
Recent market gains may begin to fade as the economic reality of what still needs to be done begins to sink in with investors. More »
Oil industry lobbies feds for sunlight on endangered species reviews
Oil industry leaders are pleading for a window into the government’s court-ordered review of whether to give endangered species protections to hundreds of plants and animals. More »
A sign the fracking craze could be cooling?
Energy companies are buying fewer trucks for hydraulic fracturing, which means fewer radiator sales for a Minnesota manufacturer. More »
EPA grants 16 states clean gas waivers after Sandy
The Obama administration is temporarily waiving some Clean Air Act requirements in 16 states and the District of Columbia to reduce fuel disruptions from Superstorm Sandy. More »
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