House Minority leader and corporate bankster stooge John Boehner said he thinks taxpayers should help pick up the tab for the clean up. “I think the people responsible in the oil spill — BP and the federal government — should take full responsibility for what’s happening there,” Boehner ... Read more...
Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to somethi... Read more...
The oil company, which is under fire over its role in one of the worst ecological disasters in US history, has purchased the news results in an attempt to stem the tide of criticism on internet sites such as Twitter and Facebook. A search for the term "oil spill" on Tuesday n... Read more...
BP reported problems controlling the undersea well at the heart of the largest oil spill in U.S. history and won a delay in testing a critical piece of equipment in March, according to documents released Sunday. "We are in the midst of a well control situation on MC 252 #001 and have stuck pipe. ... Read more...
A dire report prepared for President Medvedev by Russia’s Ministry of Natural Resources is warning today that the British Petroleum (BP) oil and gas leak in the Gulf of Mexico is about to become the worst environmental catastrophe in all of human history threatening the entire eastern half of th... Read more...
On Saturday, the Associated Press reported that the government is strangling off access to areas of the Gulf of Mexico impacted by what is now admitted to be the worst oil spill in U.S. history. “The Associated Press, CBS and others have reported coverage problems because of the restrictions,... Read more...
Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots. The discovery is fresh evidence that the leak from the broken undersea well could be substantially worse than estimates that the... Read more...
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a fro... Read more...
If using a massive dome to cover the source of the oil gushing into the Gulf of Mexico doesn't work, crews are preparing for another option: clogging it. Engineers are examining whether they can close a failed blowout preventer by stuffing it with trash, said Adm. Thad Allen, the commandant of the... Read more...