Wednesday, June 16, 2010

Obama announces oil spill compensation fund

June 16, 2010 — President Obama says BP has agreed to set up a 13.5 billion fund to help pay victims of the Gulf of Mexico oil spill.

GULF OIL SPILL: Huge Explosion Of Toxic Gas and Tsunami Possible

GULF OIL SPILL: Huge Explosion Of Toxic Gas and Tsunami Possible

Tuesday, June 15, 2010

Nuclear Device Only Option to Stop Oil Leak Says Simmons founder of the Ocean Energy Institute

Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg's Lori Rothman about BP Plc's oil leak in the Gulf of Mexico and his view that the use of a "small-bore nuclear device" is now the "only option" to stop the flow of oil.

OIL & GAS MARKET