gulf oil disaster

The Deepwater Horizon disaster in the Gulf of Mexico may have unleashed a chain of events that could extend economically far beyond the region, threatening one of the world's most lucrative fishing species -- the bluefin tuna. The main culprit: the dispersants used to dissolve the oil.

Former BP (BP) CEO Tony Hayward is considering several career options since losing his job in the wake of the Gulf oil disaster. Hayward is involved in the formation of a small company registered as 3E Capital, The Daily Telegraph reported. Hayward is listed as a director in the company, holding...

Another oil rig explosion in the Gulf of Mexico Thursday gave fresh urgency to the debate over the Obama administration's moratorium on deepwater oil drilling. Environmental groups renewed their calls to maintain or expand the ban; advocates for removing it were more circumspect.

The grilling of BP's CEO before a House committee on Thursday is sure to be "very unpleasant," says Michigan's John Dingell. Hayward will express empathy for the victims, but no amount of "I feel your pain" rhetoric can shield him from lawmakers' wrath.