SPRINGFIELD, Ill.— Officials with the U.S. Department of Agriculture in Illinois plan to seek a federal disaster declaration to make farmers with flood-damaged crops eligible for assistance, as flood warnings persist along several state waterways, including the Illinois River. The declaration would make farmers who faced extensive spring and summer...» Read More
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.
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.
The Environmental Protection Agency has ordered BP to use a less toxic chemical dispersants to break up the oil spill from its broken undersea well in the Gulf of Mexico.
BP said Monday it was siphoning more than one-fifth of the oil that has been spewing into the Gulf for almost a month, as worries escalated that the ooze may reach a major ocean current that could carry it through the Florida Keys and up the East Coast.
The federal Minerals Management Service gave permission to dozens of oil companies to drill in the Gulf of Mexico without first getting required permits from another agency, the NYT reports.
Scientists and environmental groups are raising sharp questions about the size of the oil leak in the gulf, estimated at 5,000 barrels a day, declaring that the leak must be far larger. The NYT reports.
Boeing stock is down 25 percent from its high, but the company is optimistic about the flight plan, including the Dreamliner and Boeing's biggest airplane, the 747-8, due to start flying next year. It will seat almost 600 people and will be 90 yards long. Would you worry about flying in something that big? Share your opinion in our poll.
Innovative products. Bold leadership. Loyal customers. And a secretive culture. What trend will this company set next? Its competitors are as curious as anyone. But has Apple already reached it's pinnacle? Are it's best days behind it? Share your opinion.
ExxonMobil Chairman and CEO Rex Tillerson says President Obama made the right call in putting a moratorium on new Gulf of Mexico oil leasing in the wake of the BP disaster.
Talk about timing. As a massive oil spill spreads in the Gulf of Mexico, 70,000 oil industry professionals are gathering in Houston for the Offshore Technology Conference.
The massive oil spill in the Guld of Mexicso is having ripple effects on U.S. oil and natural gas production. Two offshore natural gas platforms have already been shut down.
The owner of Lousiana's largest oyster producer, Motivatit Seafood, says he will have to raise prices if the water where he harvests oysters gets over-run by the coming tide of oil.
BP should be allowed to contain the massive oil spill and head the cleanup operation in the Gulf of Mexico, a leading energy expert told CNBC Monday.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
Rescuers drilled a first hole into a coal mine where 25 people died in an explosion but got no response from possible survivors when they banged on the drill pipe Wednesday to send a signal. Three more vents needed to be bored to release poison gases before searchers could look for four people still missing in the worst U.S. mining accident in over two decades.
The second record storm that socked the Northeast this month was reduced to drizzle as it was winding down Wednesday, but the worst of widespread flooding is yet to come, forecasters said.
A settlement that could pay up to $657.5 million to more than 10,000 ground zero rescue and recovery workers sickened by dust from the destroyed World Trade Center goes before a judge Friday, and he has said he favored a settlement but planned to analyze it carefully to make sure it was fair.
"It's a long road to achieve the goal," Energy Secretary Chu said. "It will take many decades and you have to have something to replace them. We are working now on getting that done and getting alternative energy sources."
A recovering economy and tightening supply from oil refiners will push the price of crude up to $100 a barrel as the US driving season gets into full swing, John Kilduff, co-CIO of Round Earth Capital, told CNBC Tuesday.