Isaac Brings Higher Gas Prices, South and North
Drivers are being hit with the biggest one-day jump in gasoline prices in 18 months just as the last heavy driving weekend of the summer approaches, thanks to Hurricane Isaac.
gulf coast
5 Ways to Keep Hurricane Isaac from Blowing Your Gas Bill Higher
As Hurricane Isaac heads for the Gulf Coast, several oil refineries might have to temporarily shut down, which could drive up gas prices. To help you avoid that extra pain at the pump, we're revisiting some of our best advice on how to keep gas bills under control.
Good News on Gas Prices: A Sharp Drop Is Just Ahead
With security concerns in the Middle East receding and the commodities bubble deflating, oil prices are headed sharply lower. Gas prices should follow suit: Analysts say that prices will get 25 cents a gallon cheaper in the next few days, and drop even further as the summer rolls on.
U.S. Approves First Deepwater Drilling Permit in Gulf Since BP Oil Spill
The U.S. has approved the first permit to resume deepwater drilling in the Gulf of Mexico since the BP oil spill a year ago. The Noble Energy project, 70 miles southeast of Venice, La., is slated to be deeper than the blown out BP well.
BP Station Owners: Surviving a Debacle and Rebounding
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn't own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.
Mariner Energy: The Company Behind the Gulf's Latest Oil Scare
The recent fire at an oil production platform in the Gulf of Mexico has brought unexpected focus on the platform's owner, Mariner Energy. Here's more on a company that isn't well known outside oil circles.
Why the Latest Oil-Rig Fire Is No BP Oil Spill Repeat
The news of a fire on Vermillion, a Mariner Energy-owned oil-rig platform in the Gulf, drew instant comparisons with the Deepwater Horizon rig that exploded in April and caused the huge BP oil spill. But stark differences exist between the two incidents.
BP Delays Crucial Test of New Cap on Gulf Oil Well
BP delayed a crucial test that will determine if it can close a new cap on the leaking oil well in the Gulf of Mexico. The tests were meant to assess whether the well can handle the pressure of closing the cap at the wellhead.
Corporate Pollution: The Top 10 Environmental Payouts
What happens when companies pollute? Sometimes -- though not always -- they have to pay. BP's $20 billion fund to compensate for damages to the Gulf of Mexico ranks as the biggest environmental payout of all time. What other industrial giants make the list?
BP's Hayward: 'I Wasn't Involved' in Rig Decisions
The embattled CEO stuck to his script Thursday, expressing contrition and offering empathy. But when lawmakers pressed Hayward for details and explanations, he wouldn't go beyond: "I think it's too early to reach conclusions."
As BP Oil Gushes, Obama's Energy Call Falls Flat
President Obama tried to offer hope for the Gulf Coast, saying he had directed BP to take steps to "capture up to 90% of the oil." But his qualified language sounded hollow -- as did his green "national mission." And the oil gushes.
Can the BP Oil Spill Get Any Worse? Yes
With the disaster in the Gulf in its 49th day, efforts to control the oil flow and the spilled crude continue to be hampered by a lack of information -- and transparency -- from BP. And some troubling evidence raises new questions.