BP Knows a Good Deal When It Sees One

Just two weeks after ex-Yukos Oil boss Mikhail Khodorkovsky was sentenced to another six years in Russian prison, BP pulled a share swap, exchanging $7.8 billion of stock in the company holding Yukos' assets for a 9.5 percent stake. Convenient!
It's Time to Hate BP All Over Again
A small oil leak has shut down the Trans Alaska Pipeline for the last three days, cutting production there by 98% and prompting price increases. And guess which company is a "major owner" of the pipeline? Poor old BP. [Reuters]
The New York Times' Amazing Photos of the Deepwater Horizon Disaster
Have you seen the Times' account of the final hours of the Deepwater Horizon oil rig? Because: Wow.
Bobby Jindal's 'Crummy' Sand Berms Didn't Really Stop Any Spilled Oil
The GOP's rising star, Louisiana Governor Bobby Jindal, was the driving force behind the construction of sand berms to curb the Gulf oil spill. They were considered environmentally unsound, and a presidential commission has found that they didn't even work.
Government Files Enormous Lawsuit over Oil Spill
Remember that little "Gulf of Mexico oil spill" story from the summer? The government won't let it slide! The Justice Department has filed a multi-billion dollar lawsuit against BP and others, seeking removal costs and damages. Lots of it.
BP Claims Government Oil Spill Size Estimates are Totally Unfair
Poor BP is claiming that U.S. government estimates on the size of the Gulf oil spill are way too high, by 20-50 percent. Of course, the more oil that was spilled means more fines the company must pay. Nice try!
Barack Obama Won't Even Let People Drill for Oil Anymore
Barack Obama pledged in March to expand offshore oil drilling. Shortly thereafter, BP spilled 172 million gallons of oil into the water. So now drilling on both coasts and the eastern Gulf of Mexico will be re-banned for years. Hooray!
Rand Paul Is Still Waiting for Obama To Call Him
Free market hero (and Senator-elect!) Rand Paul was on CBS's Face the Nation today to talk about things. He said he didn't like "the language" Obama used during the BP oil spill, and he's still waiting for a congratulatory phonecall.
Tony Hayward on the Media's Oil Spill 'Feeding Frenzy'
Former BP chief Tony Hayward is back! Speaking for the first time since his resignation, he said that all of those pesky reporters were part of an unjust media "feeding frenzy" and that he'd definitely go sailing mid-spill again, too.
President's Commission: BP's Cost-Cutting Decisions Didn't Cause Spill
The president's oil spill commission says money did not influence BP's safety decisions before the Gulf oil spill.
BP's Oil Spill Still Killing the Gulf
Scientists from the National Oceanic and Atmospheric Administration believe they have a "smoking gun" after finding dead coral 4,500 feet below the surface in the Gulf of Mexico, seven miles from the Deepwater Horizon rig site. What a coincidence.
Massive Oil Spill Kills Fragile Coral, Duh
Contrary to earlier sunny reports, scientists have found dead coral near the Gulf oil spill site.
Halliburton and BP Knowingly Used Shoddy Concrete on Oil Well
A presidential commission yesterday found that BP and Halliburton knew that the cement mixture used to seal the Macondo well before the oil spill had "repeatedly failed lab tests." You should probably grab some Halliburton shares while they're hot.
The Gulf of Mexico Is Still Oily
Tar balls are still washing up on Gulf shores, in what the government calls "moderate to light oiling."
White House To Lift Deep-Water Drilling Ban, Now That It's So Safe
Have you, too, been itchy to journey miles-deep into the ocean for "black gold" again? Well good news: the Obama administration plans to lift its deep-water drilling moratorium very soon, alongside new safety rules! Mmm, can't wait to ignore those.
Survey: 25 Percent Spike In Depression Along Gulf Since Oil Spill
A new Gallup survey shows that depression rose 25 percent since the Deepwater Horizon disaster in April. Proof that losing your livelihood + watching your environment be destroyed + utter sense of helplessness = major case of the blues.
'Sea Snot Blizzard' Hits Oil Spill Region
The Gulf of Mexico's latest plague is a "sea-snot blizzard," a "huge, slimy event" covering the ocean floor in suffocating layers of goo that could cause a "deadly void." Apparently phytoplankton create huge amounts of snot when stressed. [NatGeo, image]
BP Oil Well Permanently Sealed
BP's formerly-leaking oil well in the Gulf of Mexico has been permanently sealed, with cement, 4 million barrels and six months after the Deepwater Horizon rig exploded, killing 11 workers. (The well hasn't leaked since July.) Remember that?
