Category Archives: Fuel

BP resumes ‘top kill’ effort to stop leak

Full Story atmsnbc.com COVINGTON, La. – As BP labored for a second day Thursday to choke off the leak at the bottom of the Gulf of Mexico, dire new government estimates showed the disaster has easily eclipsed the Exxon Valdez as the biggest oil spill in U.S. history. The company announced late in the day [...]

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BP ready to try again to stop oil flow, company says

Full Story at CNN.com New Orleans, Louisiana (CNN) — BP will try again within the next day to cap a well that has gushed millions of gallons of oil into the Gulf of Mexico, the energy company said Friday. The latest attempt will involve inserting a tube into a ruptured pipe, collecting oil and sending [...]

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Gulf spill: Worse than Exxon Valdez?

Full Story at msnbc.com The oil leak triggered by a deadly rig blast off the coast of Louisiana has the potential to cause more environmental damage than the 1989 Exxon Valdez spill, one of the largest ecological disasters ever recorded, some observers say. “As it is now, it’s already looking like this could be the [...]

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New leak discovered as Coast Guard mulls options to clean oil spill

Full Story at CNN.com (CNN) — The estimated amount of oil leaking from a sunken rig in the Gulf of Mexico has increased to as much as 5,000 barrels a day — five times more than what was originally believed, a Coast Guard official said late Wednesday. Rear Adm. Mary Landry told reporters that the [...]

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Feds may set Gulf oil slick ablaze

Full Story at money.cnn.com Oil is still leaking at a rate of about 42,000 gallons a day from the well, located some 50 miles off the coast of Louisiana beneath a drill rig that exploded and sank last week. Eleven workers are still missing following the incident, and are presumed dead. BP, the well’s owner, [...]

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Efforts to stop leak under way after oil rig explosion

Full Story at CNN.com (CNN) — Efforts were under way Sunday to contain and stop oil leaking from a well after a rig explosion in the Gulf of Mexico, the U.S. Coast Guard said. Officials found oil was leaking Saturday from the well. The Deepwater Horizon oil rig was drilling when it exploded Tuesday night, [...]

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Obama to allow oil drilling off Virginia

Full Story at msnbc.com WASHINGTON – In a reversal of a long-standing ban on most offshore drilling, President Barack Obama is allowing oil drilling 50 miles off Virginia’s shorelines. At the same time, he is rejecting some new drilling sites that had been planned in Alaska. Obama’s plan offers few concessions to environmentalists, who have [...]

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Why cheap oil is here to stay

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these: • The recession ends: Get ready for $100 oil • The economy roars: $140 oil, is there an end in sight? • Everyone in China buys [...]

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Car lovers seek green energy, not gas guzzlers

Full Story at CNN.com The Belle Mead, New Jersey, resident runs the car-review Web site mpgomatic.com with a focus on fuel efficiency, but even he strays over to public transit every now and then. Nowadays, even the biggest car lovers are taking notice of energy conservation. Readers may not realize a guy who revs engines [...]

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