Gulf of Mexico
Less than seven months after the Deepwater Horizon oil rig exploded and sank in the Gulf of Mexico, spewing millions of gallons of oil into the Gulf, oil companies in the United States remain reluctant to enact reforms that could help prevent another environmental disaster.
Chevron's (NYSE: CVX) third quarter earnings not only fell below analyst's predictions, but also dropped this year. A major determining factor for this less profitable quarter was the U.S.
Although BP's leaking Macando oil well has been capped for some time, the impact of this offshore drilling disaster is still being investigated. Recent findings by scientists show there is "substantial" amounts of oil on the seafloor of the Gulf of Mexico, cont
There are lots of ways to measure a hurricane’s impact: wind speeds, damage estimates, people evacuated. But now the U.S. Department of Energy (DOE) has added one more: tracking the energy impact.
A 22-mile long oil plume has been found lurking beneath the surface in the Gulf of Mexico. The plume, which is currently located near the blown out Macondo oil well, is more than a mile wide and 650 feet tall.
Apparently taking a page out of the Exxon handbook, BP has now begun buying up scientists from universities along the Gulf Coast in an attempt to prevent them from testifying in court about the dangers of their oil spill.