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  • BP, The White House & Congress Are All Dirty Friday, 18 Jun 2010 | 4:58 PM ET
    Tony Hayward

    All eyes in Washington, Wall Street and Main Street were turned on the Congressional show trial featuring beleaguered BP CEO Tony Hayward yesterday. Hayward was a disaster. He played dumb. He stonewalled. And he never got honest about BP's colossal failure of human judgment that caused this catastrophe. But folks, seriously, what did you expect?

  • BP $5 Billion Debt Offering May Yield Up to 10% Friday, 18 Jun 2010 | 4:26 PM ET
    A truck enters a BP chemical plant near Hitchcock, Texas

    BP executives met in London Friday with investment bankers to discuss a likely bond offering as early as Tuesday, according to a source familiar with the matter.

  • Moratorium Could Help BP: Oil Researcher Friday, 18 Jun 2010 | 11:56 AM ET

    The Obama administration's six-month moratorium on oil drilling could benefit BP, John Kingston, director of oil at Platts, a provider of energy information, told CNBC.

  • Kaminsky's Call: BP Bonds to the Rescue? Friday, 18 Jun 2010 | 8:47 AM ET

    Some on Wall Street are saying that BP may have to pay lenders as much as 2.5 percent more than it typically does on similar bond issues. What does this mean for BP stock and investors?

  • Gulf Oil Spill Victims Should File Claims Now: Feinberg Thursday, 17 Jun 2010 | 4:01 PM ET
    Kenneth R. Feinberg

    Gulf oil spill victims should file a claim as soon as possible, Ken Feinberg, head of the $20 Billion Fund to help victims said Thursday.

  • Oil and Real Estate: Fannie Mae to the Rescue Thursday, 17 Jun 2010 | 12:25 PM ET

    As I continue my week here on the Gulf Coast of Florida, I hear more and more real and anecdotal stories of contract cancellations for new home purchases and second homeowners walking away. There is no question that while oil has barely brushed the beaches here in Pensacola, the place is awash in fear. Fear and real estate are like, well, oil and water; they don't mix well.

  • Workers shovel oiled sand hit by the BP Deepwater Horizon oil spill from the Gulf of Mexico to be disposed as cleanup crews work to clean the beach at Grand Isle State Park in Grand Isle, Louisiana, June 13, 2010.

    Estimates show that the civil fine for the escaping oil alone could be $280 million a day, but criminal penalties, if imposed, could cause the costs to balloon still further. The NYT reports.

  • Oil May Be the Nail in Florida Housing's Coffin Wednesday, 16 Jun 2010 | 3:45 PM ET
    Woman lies on the beach as workers clean up tar balls on the Gulf Islands National Seashore, Pensacola Beach, Florida.

    Forgive my silence on the blog for the past two days, but I've been in beastly hot Pensacola, Florida, preparing stories on mortgage mediation, and, of course, oil. President Obama dropped by the beach yesterday to talk to some local folks, while I spent the day in empty beach front mansions and empty ocean-view condos.

  • Morici: With Gulf Crisis, Obama in Over His Head Monday, 14 Jun 2010 | 1:11 PM ET
    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.

    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.

  • Plumes of Oil Deep in Gulf Have Spread Far, Tests Find Thursday, 10 Jun 2010 | 6:33 AM ET
    Members of the National Wildlife Federation look over the edge of their boat while surveying the oxidized oil off of the Chandeleur Islands, Louisiana. The oil is being broken up by chemical dispersants and is drifting throughout the Gulf of Mexico.

    Tests confirmed that some toxic compounds that would evaporate in a shallow-water spill are instead spreading, just as President Obama plans his fourth trip to the region. The NYT reports.

  • Rate of Oil Leak, Still Not Clear, Puts Doubt on BP Tuesday, 8 Jun 2010 | 2:25 AM ET
    Simulated oil splatter on a BP gas station sign in Manhattan, New York.

    With no consensus among experts on how much oil is pouring from the wellhead, it is hard, if not impossible, to assess the containment cap’s effectiveness.  The NYT reports.

  • BP's Corporate Image Moves: Pro and Con Monday, 7 Jun 2010 | 11:07 AM ET

    BP is trying to defend its corporate image with a major ad campaign after causing the largest oil spill in US history. The campaign includes a TV commercial featuring BP CEO Tony Hayward apologizing for the environmental disaster and explaining to viewers what the company is doing to repair the damage. The campaign has been met with mostly criticism.

  • Newest Challenge for Oil Rigs: Getting Financing Friday, 4 Jun 2010 | 3:54 PM ET
    off shore oil rig

    Billion-dollar oil rigs are starting to see a tremendous amount of financial strain due to the enormous amount of oil spewing into the Gulf of Mexico.

  • Fury at BP Turns Into Protests and Vandalism Friday, 4 Jun 2010 | 6:10 AM ET
    Simulated oil splatter on a BP gas station sign in Manhattan, New York.

    Anger over the oil leak in the Gulf of Mexico is spilling into streets as protests are organized at BP’s offices and gas stations around the country.

  • BP Was Not Prepared for Deep-Water Oil Spill: CEO Thursday, 3 Jun 2010 | 7:00 AM ET

    BP did not have all the equipment needed to stop the leak from its Macondo well in the Gulf of Mexico in the aftermath of the explosion, the company’s CEO told the Financial Times.

  • Natural Gas Prices Rising Wednesday, 2 Jun 2010 | 5:01 PM ET
    Natural Gas

    Since the Deepwater Horizon rig leased by BP  caught fire and sank on April 20, natural gas prices have gone up, and gone down and now seem headed north again.

  • More Lessons in PR and Parody by BP? Wednesday, 2 Jun 2010 | 11:09 AM ET
    A dead turtle lies in the surf as concern continues that the massive oil spill in the Gulf of Mexico may harm animals in its path on May 3, 2010 in Bay St Louis, Mississippi.

    BP Global PR is now giving lessons in public relations. Not really. Last week I blogged about someone who is spoofing BP's crisis management efforts under the Twitter name @BPGlobalPR. The spoofer was barreling toward 100,000 followers as of Tuesday night.

  • Where Will BP Stand in One Year? Tuesday, 1 Jun 2010 | 9:06 AM ET
    Crisis in the Gulf

    As effort after effort to stop the giant leak in the Gulf of Mexico fail, we want to know where you think BP will stand one year from now. Share your opinion in our poll.

  • EPA Weighs Sanctions Against BP’s US Operations Friday, 21 May 2010 | 4:20 PM ET
    Crisis in the Gulf

    Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields.

  • A Greenpeace activist walks on an oil-covered beach along the Gulf of Mexico on May 20, 2010 near Venice, Louisiana. Although BP says that it is capturing more of the massive oil leak, thousands of barrels continue gushing into the Gulf south of the Louisiana coast.

    BP says the amount of crude it's siphoning from the Gulf of Mexico leak fell to 2,200 barrels a day, down sharply from a capture of 5,000 barrels reported yesterday, due to a change in the flow of oil from the ruptured undersea well.