Gulf Oil Spill
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On April 20th, 2010 BP's Deepwater Horizon rig exploded and created an oil leak that will likely be one of the largest of all time. The gusher is leaking between 50,000-80,000 gallons of oil per day and has threatened the Gulf coast and wildlife in the region.
BP has promised to clean-up the massive spill and has already spent $3.5 billion and agreed to establish a $20 billion fund to cover future liabilities.
The Obama administration has caught much heat for the lack of initial response to the spill and many are calling the spill "Obama's Katrina," referring to the Hurricane Katrina disaster which led to public disapproval of former President George W. Bush.
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Moratorium Lifted on Deepwater Drilling
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BP Well Cap A "Success", Costs Top $6 Billion
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BP (BP) Cements Gulf Well
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BP's (BP) "Kill" Working, Three-Quarters of Spill May Be Gone
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BP Launches "Static Kill"
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BP (BP) Prepares for the "Kill"
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Even With $32.2 Billion Oil Spill Charge, BP (BP) Could Be Underestimating Clean Water Act Fines by $16 Billion
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BP (BP) Reports Record $17 Billion Q2 Loss On Massive Oil Spill Charge, Names New CEO
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BP (BP) Shares Rise On Reports Tony Hayward Will Be Replaced by Robert Dudley
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BP (BP) Halts Relief Well Due to Developing Gulf Storm
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BP Continues Well Shut-In As Worries Addressed
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Transocean (RIG) Under Pressure As Employees Action Into Well Blowout Under Scrutiny
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BP (BP) Given 24 Hours To Continue Test On Shut-In Well As Pressure and Worries Build
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BP Stops Gulf Oil Leak
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BP (BP) Well Integrity Test Delayed Due to Leak In Choke Line
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BP To Delay Test of New Well Cap, Shares Slide
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Ken Feinberg Said He "Must Draw the Line Somewhere" On BP (BP) Claims
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BP Says Valve Stack Installed, Drill Pipe Removed; Currently Checking Pressure at Well, Sees Integrity Test at Mid-Day
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BP's New Well Cap Is In Place, Promises To Stop Gusher
