Gulf of Mexico
According to a new report released this week by the non-partisan Congressional Budget Office (CBO), the American Power Act, if passed, would reduce the federal deficit by as much as $19 billion over the next decade.
EDITOR'S UDPATE (Tues. June 29th): You can now try your hand at stopping the Gulf oil leak by playing XBox's new Crisis in the Gulf video game.
In a disastrous move on Tuesday evening, Senators John Kerry and Joseph Lieberman – the two sponsors of The American Power Act – bowed to big oil and voted against a provision that would have stripped $35 billion in tax breaks that the industry currently receives.
BP has announced it will use all of the net revenues it earns from selling oil it skims from the ocean's surface or collects from the siphon placed on the busted pipe at the bottom of the Gulf of Mexico towards a wildlife fund.
Associated Press photographer Rich Matthews wants people to see the oil disaster in the Gulf of Mexico in a different way, so he jumped into the contaminated waters with nothing more than a wetsuit, scuba gear and a video camera.
After jumping in Matthews describes what he sees:
For several days now, tarballs from the BP oil spill in the Gulf of Mexico have been washing up on Pensacola Beach, Florida.