BP Spill Destroys a Way of Life

BP Spill Destroys a Way of Life
Jordan Flaherty: Local fishing villages face an uncertain future on Louisiana Coast

Who is keeping the World addicted to oil, Shell?,Exxon?,BP?,Chevron?,Esso?,Texaco?

Short clip from " Dr. Steven Greer on the BP Oil spill and the Orion Project"

Petrobras Raises $70 Billion in Largest Share Offering

Sept. 24 (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled oil company, raised 120.4 billion reais ($70 billion) from the Brazilian government and other investors in the world’s largest share sale as it seeks cash to develop offshore fields. Bloomberg's Cecilia Tornaghi reports.(Source: Bloomberg)

Petrie Sees Oil Production Peaking Between 2012 and 2015

Sept. 20 (Bloomberg) -- Thomas Petrie, vice chairman of Bank of America-Merrill Lynch, talks about the U.S. government's moratorium on deep-water oil drilling and the outlook for oil production. Petrie also talks about BP Plc's Macondo well in the Gulf of Mexico and consolidation in the oil industry. He talks with Matt Miller and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Stocks, Oil Advance as Dollar Weakens Before Fed Sets Policy

Stocks, Oil Advance as Dollar Weakens Before Fed Sets Policy
Dec. 16 (Bloomberg) -- U.S. and European stocks rose on speculation the Federal Reserve will say it plans to hold its benchmark interest rate at a record low for an extended period to sustain the global economic recovery. Oil and metals rallied as the dollar fell. Read article

BP Plugs Well That Caused Biggest U.S. Oil Spill

Sept. 20 (Bloomberg) -- U.S. officials said BP Plc killed its Macondo well in the Gulf of Mexico after creating another cement seal, plugging the source of the largest offshore oil spill in U.S. history. "The Macondo 252 well is effectively dead," said National Incident Commander Thad Allen in a statement yesterday. BP completed its last pressure test on the plugs at 5:54 a.m. local time before declaring the well sealed, according to the statement. Susan Li reports on Bloomberg Television's "First Up."

BP CEO Hayward Faces Spill Questions

BP's Hayward Faces Spill Questions
Departing BP CEO Tony Hayward prepared to face UK MPs Wednesday to answer question on the Mexico oil spill. Rupert Nathan from Fat Prophets told CNBC that it will be a fact-finding exercise.

Take Profit on Oil

The $5 dollar move up in oil prices presents a good opportunity to make some profits, says John Licata, chief commodity strategist at Blue Phoenix. He talks commodities, with CNBC's Martin Soong & Sri Jegarajah.

Taxing Threat To Oil and Gas

A report out this morning suggests the road to recovery could be derailed, with Joseph Mason, Louisiana State University.

Oil Will Never Be Cheap Again

Author Jeff Rubin breaks down economic growth projections point toward higher-priced oil for the foreseeable future.

BP spill report blames‏ multiple sides

BP's internal inquiry into the Deepwater Horizon disaster concluded that the company holds some responsibility for the Gulf of Mexico oil spill.

The energy giant, however, also found that some other companies should be blamed.

It said that Swiss-based Transocean was responsible for crucial safety equipment designed to seal the well as soon as the leak began.

Halliburton, the US company that attached the wellhead to the sea floor, was also criticised for "weaknesses in cement design and testing".

The enquiry was the first in a string of investigations seeking to find out what went wrong and who is to blame.

Al Jazeera's Jonah Hull reports from London.

Key Oil Spill Evidence Raised to Gulf Surface

Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece of evidence is aboard a ship. The AP's John Mone reports on the effort to raise the equipment to the surface. (Sept. 5)

Oil Disaster Lasting Impact on Gulf Tourism

In Louisiana, it's a tale of two localities? the coastal communities saw Summer tourism dollars evaporate after the BP oil rig disaster. New Orleans did just fine. The AP's John Mone says it all depends on how communities managed perception of how oil aff