Louisiana oil spill

A Tough First Day for Oil Spill Claims Czar Feinberg

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

BP Oil Spill Could Lower Gulf Coast Home Prices By $56,000

The decline in property values could total $3 billion over five years, Bloomberg reported, citing real estate data company CoreLogic. The BP oil spill could wipe out the premium that buyers normally pay to be near the ocean. The total losses along the Gulf coast could total $3 billion over five years, Bloomberg reported, citing real estate data company CoreLogic Inc. The spill could wipe out the premium that buyers normally pay to be near the ocean.