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."