Tag Archives: BP Oil Spill

It’s funny how things work out sometimes. Consider the sensitive issue of offshore drilling for oil in the Gulf of Mexico. Five years ago, when the Deepwater Horizon disaster wreaked its havoc on the region, killing 11 workers and ultimately spewing between 4 and 5 million barrels of crude oil into the Gulf, some folks actually wondered if that was the end of offshore oil production. After all, the environmental [...]

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The last decade — ever since it became clear in the mid-2000s that conventional oil fields around the planet were running low — has been the era of “extreme oil.” Big Oil promised the world that the wonder of new technologies — most notably hydraulic fracturing, or fracking, as well as other advances in drilling capabilities — would make it possible to tap rich oil fields that were once unattainable. [...]

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I’ve long said that no likely BP settlement would ever be enough for the damage that its 2010 oil spill caused to the Gulf region. Mostly, that’s a moral argument: The purpose of punitive damages is that a company must be shown that the cost of doing bad is more than doing good — but that’s hard to do when an oil company’s typically reckless drilling and production practices bring [...]

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Posted in BP Spill, Claims, Legal, Main, Oil Spill Facts, Restoration, Spill Damages Tagged , , , , ,

Last week I wrote here that BP’s $54 billion payout for damages and restoration from the 2010 Gulf oil spill just wasn’t really enough — both because of the ongoing environmental damage from the Deepwater Horizon oil that continues to wash up on our beaches and because dollars trumped real accountability. You won’t hear that critique too much from public officials, who are too preoccupied with boastful press releases and [...]

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Posted in BP Spill, Claims, Important Articles, Legal, Main, Ocean Life, Oil Spill Facts, Politics, Restoration, Spill Damages Tagged , , , , , ,

A selection of the latest headlines and must-read articles on issues ranging from fracking to the BP oil spill.

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A selection of the latest headlines and must-read articles on issues ranging from fracking to the BP oil spill.

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A selection of the latest headlines and must-read articles on issues ranging from fracking to the BP oil spill.

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A selection of the latest headlines and must-read articles on issues ranging from fracking to the BP oil spill.

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If anything has the ability to cut through the clutter in our 24/7 frenetic news cycle, it’s Wall Street. Say what you will about the capital markets, but the way that investors react to important news is a pretty good reality check. This week, there was a major development in the quest for just compensation for the 2010 BP oil spill, the ongoing crisis that sparked the creation of this [...]

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Posted in BP Spill, Claims, Commentary, Important Articles, Legal, Main, Oil Spill Facts, Regulation, Restoration Tagged , , , , , ,

A selection of the latest headlines and must-read articles on issues ranging from fracking to the BP oil spill.

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