Crackdown on Sulfur Could Boost Gas Prices 9 Cents a Gallon
Reducing sulfur in gasoline and tightening emissions standards on cars beginning in 2017, as the Obama administration is proposing, would come with costs as well as rewards.
oil industry
MLPs: The Low-Risk, High-Yield Investment You've Never Heard Of
Bonds yields are so low you're paying to lose money. Interest rates can't keep up with inflation. And stocks are volatile and risky. So where can you go for safe, strong returns? Meet the Master Limited Partnership, an investment vehicle that's beating the markets for those in the know.
BP Oil Spill Panel Calls for Reforms, Stronger Oversight
Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP's Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.
Oil Industry Plans Record Spending in 2011
One would think that BP's massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn't appear to be the case. Companies in the sector are planning to spend a record $490 billion in 2011, including a large amount for deep-water development.
Oil Companies Reap Billions in U.S. Tax Breaks
The oil industry is subsidized beyond virtually any other business in America, enjoying tax breaks that average $4 billion a year. The massive tax breaks reaped in BP's disastrous Deepwater Horizon project, which caused the worst offshore oil spill in U.S. history, are typical.
Biz Brief: BP Dividend Controversy Strains U.S./UK Relations
The controversy over whether BP should pay out a dividend to its shareholders is causing new friction in relations between London and Washington.
Ongoing Disasters Show Why Business Regulation Needs Rethinking
The BP oil spill and the recent financial crisis are just two examples of the fundamental flaws that still exist in how government oversees business. These big problems require a major regulatory overhaul.
