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Crisis In The Gulf: The 2010 Oil Spill

  • Crisis in the Gulf
    Chemical-Eating Microbes Might Clean Up Gulf Oil

    "You and I eat steaks and pizza. Microbes eat hydrocarbons," says Kennedy, President and CEO of Bioremediation, Inc., a company that uses microbes to clean up hazardous chemicals.

  • crisis_in_gulf_shrimp_boat_200.jpg
    BP Red Tape Has Gulf Businesses Facing Disaster

    Fishermen, property owners and businesspeople who have filed damage claims with BP are angrily complaining of delays, excessive paperwork and skimpy payments that have put them on the verge of going under.

  • Mark Cuban
    BP Needs to Rebuild Gulf Businesses: Mark Cuban

    BP needs to stop “counterpunching” in the Gulf region and actively support local business to rebuild the region, entrepreneur Mark Cuban told CNBC Thursday.

  • Crisis_In_The_Gulf_badge.jpg
    Kneale: What's Obama Really Kicking?

    It's time for President Obama to skip the tough talk and take decisive action to clean up the BP oil spill in the Gulf of Mexico, says CNBC's Dennis Kneale.

  • Workers shell oysters at the P&J Oyster Company in New Orleans, Louisiana. The company, which sells some 60,000 oysters per day to restaurants in the New Orleans area, could face shortages in supply if the federal government moves to close off more areas of the Gulf to commercial fishing due to the BP oil spill.
    Oil Spill's Latest Victim: Nation's Oldest Oyster Shucker

    In an effort to push back the oil, Louisiana is increasing the flow of fresh water into the marshland where the oysters are harvested. That means, at least at this moment, the fresh water is a bigger threat to the oyster beds, than the ever-growing oil slick coming from BP's well.

  • BP Station
    Are the Brits Being Overly Sensitive About BP?

    There's a bit of a British backlash over BP. They're upset over the way the White House is treating the company after it caused the biggest environmental disaster in US history. We want to know if you think the Brits are being overly sensitive. Share your opinion in our poll.

  • A BP cleanup crew shovels oil from a beach on May 24, 2010 at Port Fourchon, Louisiana. BP CEO Tony Hayward, who visited the beach, said that BP is doing everything possible to clean up the massive oil spill still gushing into the Gulf of Mexico.
    Mayors Push Feds for More Oil Spill Help

    When the leaders of America's cities gather this weekend in Oklahoma City for the US Conference of Mayors, they will be faced with a late addition to the agenda, an emergency meeting on the BP oil spill.

  • Greenpeace marine biologist Paul Horsman shows oil collected from a jetti at the mouth of the Mississippi River near Venice, Louisiana. BP announced today that it is successfully siphoning off 1,000 barrels of oil per day from the Deepwater Horizon oil rig that exploded and sank to the bottom of the Gulf of Mexico.
    First the Spill, Then the Lawsuits

    Lawyers are using tactics such as radio and TV ads to sign up clients to sue BP, reports the NYT.

  • BP Station
    Should BP Lower or Suspend Its Dividend?

    With oil still spilling into the Gulf of Mexico, BP is clearly under growing pressure. One front is focusing on the company's dividend. Today, we want to know if you think BP should lower it, suspend it or keep shelling it out. Share your opinion in our poll.

  • Fibertech by First Line Technology
    Vote for Best Way to Clean Up the Spill

    As the Gulf of Mexico oil spill nears the two-month mark, BP has been bombarded with ideas for cleaning up the crude. Vote for the ones you think would be most effective, from demonstrations on CNBC.

  • Veterinarians clean an oil covered brown pelican found off the Louisiana coast and affected by the BP Deepwater Horizon oil spill at the Fort Jackson Oiled Wildlife Rehabilitation Center.
    BP 'Unique' Buy, Should Suspend Dividend: Oppenheimer

    A massive sell-off in BP shares triggered by the worst oil spill in US history has created "a unique investment opportunity" despite costs that could approach $60 billion, Oppenheimer said in a research note.

  • Workers are seen clearing the beach of the oil residue that has washed up on Pensacola Beach from the Deepwater Horizon oil spill in the Gulf of Mexico on June 7, 2010 in Pensacola, Florida. Early reports indicate that BP's latest plan to stem the flow of oil from the site of the Deepwater Horizon incident may be having some success.
    Morici: With Gulf Crisis, Obama in Over His Head

    Sadly, President Obama, by persistently scolding BP and using inflammatory rhetoric, has done little to improve BP’s efforts to cap the well and mitigate the damage, or to foster effective cooperation between federal and state agencies that could improve those efforts.

  • Could ExxonMobil Buy BP?

    With chatter that BP or its assets may be on somebody’s shopping list,  the obvious question: Which big oil company is most financially fit to do those kind of deals? Exxon Mobil.

  • A contract worker patrol the beach to pick up oil that washed ashore on a public beach on June 2, 2010 in Dauphin Island, Alabama. Oil related to the Deepwater Horizon accident began to appear yesterday on the shores of Alabama.
    Sand That Absorbs Oil Could Help Clean Up Gulf

    A hydrophobic sand that repels water and encapsulates oil could be one solution to soaking up all the crude from BP's leaking well in the Gulf of Mexico.

  • BP Considering Patented Molecule to Soak Up Gulf Oil

    The CEO of MyCelx, a Georgia company with a patented molecule that bonds to oil, is hoping that her company's product will lessen the impact of the Gulf oil spill.

  • Workers are seen clearing the beach of the oil residue that has washed up on Pensacola Beach from the Deepwater Horizon oil spill in the Gulf of Mexico on June 7, 2010 in Pensacola, Florida. Early reports indicate that BP's latest plan to stem the flow of oil from the site of the Deepwater Horizon incident may be having some success.
    White House Steps Up Pressure on BP, Shareholders

    BP shareholders—who have already lost billions on the company's continued embroilment in the Gulf oil disaster—now confront the U.S. government's recent demand that the oil company set up a multibillion-dollar fund to help victims of the spill.

  • crisis_in_gulf_beachclosed_140.jpg
    Who's to Blame for Not Stopping Oil Spill?

    It's been 56 days since the explosion aboard the Deepwater Horizon, and oil is still leaking into the Gulf of Mexico. Today, we want to know whom you blame more for not stopping it, the government or BP. Share your opinion in our poll.

  • Obama Not to Blame for Gulf Spill: Ron Paul

    President Barack Obama's response to the Gulf oil spill has an unlikely defender: Republican Congressman Ron Paul.

  • Global Economy Not as Bad As Pundits Think: Jack Welch

    The global economy is much better off than many economic pundits think, Jack Welch, former CEO of General Electric, told CNBC.

  • BP Executives on their way to the White House.
    BP Agrees to Set Aside About $20 Billion for Spill Claims

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