The 2010 Deepwater Horizon catastrophe is back in the news again, thanks to this weekend’s release of the blockbuster Hollywood movie about the rig explosion. Once again, Americans are talking again about a story that had seemed to fade from the picture — even though it would be a huge mistake to anyone to forget the worst ecological disaster in American history. It will certainly be...
Don’t shed a tear for BP’s lost billions
Do you think that you had a bad year in 2015? I can almost guarantee that economically, it wasn’t as bad as it was for BP, the British oil giant behind the worst oil spill in American history. This week, BP officially it announced its earnings for the quarter and for the year — but the term “earnings” is something of a misnomer. Indeed, the Big Oil icon lost a whopping $6...
In-Depth: The Gulf Is Still Sick
On April 15, 2014, with the fourth anniversary of the massive Deepwater Horizon rig explosion and oil spill in the Gulf of Mexico just days away, British Petroleum – the rig’s operator — issued a press release that caught many people off-guard. BP announced that its “active cleanup” of oil pollution in the Gulf had officially ended. The statement by the British energy giant did not say that...