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: The analysts say they will get 25 cents a gallon cheaper in the next few days, and drop even further as the summer rolls on.

BP Station Owners: Surviving a Debacle and Rebounding

During the height of the bad publicity from the BP oil spill, there was much speculation about whether independent gas station owners would ditch the beleaguered oil company's brand. By and large, though, that didn't happen, and in the months since the disaster, business at many BP stations has rebounded.

Why the Latest Oil-Rig Fire Is No BP Oil Spill Repeat

The news of a fire on 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.

Transocean Says It Addressed 90% of Safety Issues Before Gulf Spill

Transocean (RIG), owner of the Deepwater Horizon rig that exploded on April 20, said Monday it had addressed 90% of the recommendations made in a BP (BP) audit before the accident. "Overall rig maintenance aboard the Deepwater Horizon met or exceeded regulatory and industry standards and, according to documents and testimony today by BP%u2019s own executives, the rig was found to be fit, strong and prepared for operations in the Gulf," Transocean told the Financial Times.

BP Delays Crucial Test of New Cap on Gulf Oil Well

BP (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 London-based oil giant delayed tests that were meant to assess whether the well can handle the pressure of closing the cap at the wellhead, Reuters reported. The test was scheduled for Tuesday.

Corporate Pollution: The Top 10 Environmental Payouts

The $20 billion fund BP has agreed to for paying Gulf oil spill claims easily vaults it to the top of the list. Among other members of this shameful pantheon are Exxon, Union Carbide and Pacific Gas and Electric. A closer look at this group reveals that in most cases, the companies managed to reduce -- or even erase -- settlements through years of legal stalling.

BP's Hayward: 'I Wasn't Involved' in Rig Decisions

The embattled CEO stuck to his script Thursday, expression contrition and offering empathy. But when pressed 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

As the oil spill disaster enters 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.