North Dakota, long known for its cattle ranches and open spaces, has recently become one of the oil and gas industry’s most prized (and profitable) possessions, thanks to the advent of fracking. However, the price of oil and gas industry development is paid in destruction to the environment and strains to the regulatory framework meant to protect the public from a reckless industry, as Tesoro’s massive oil spill attests.
|By: Jcoleman Wednesday October 23, 2013 5:46 pm|
|By: cocktailhag Thursday April 4, 2013 8:00 pm|
It turns out that it really is possible to strike black gold in your own backyard, but instead of getting rich from the experience, now the oil belongs to someone else and you end up in an ExxonMobil-controlled no-fly zone where the foul black goop that swept away your petunias is now on its way to your drinking water supply. The comedic possibilities of such a turn of events seem limited, especially when Keystone XL is barreling ahead unimpeded.
|By: Jon Walker Monday March 21, 2011 3:35 pm|
As a result of the ongoing nuclear disaster in Japan, Americans have turned strongly against expanding nuclear power. The important question for the industry will be whether this disaster results in significant long-term increases in opposition to nuclear power, or if it is just a temporary dip that will only last as long as Fukushima remains prominent in the news.
|By: David Dayen Friday October 29, 2010 7:45 am|
Halliburton and the other companies involved, like Transocean, have been pointing the finger at BP, and vice versa. At stake is responsibility for the tens in billions in expected fines for violating the Clean Water Act and other environmental statutes, as well as claims from individuals seeking damages.
|By: Robert Eshelman Sunday September 19, 2010 1:59 pm|
Douglas Bevington’s The Rebirth of Environmentalism comes at a very important moment. The oil spill in the Gulf of Mexico, the largest in U.S. history. Then another in Michigan. Heat waves and record temperatures across the South and along the East Coast. Massive fires in Russia, that ripped into wheat supplies and sent prices soaring. Floods in Pakistan that have displaced at least 20 million people, one-fifth of that country’s population.
|By: Rayne Wednesday August 18, 2010 1:15 pm|
It’s a good thing for the White House that future voters in the 12-to-16-year-old age group wasn’t polled by Gallup.
|By: David Dayen Tuesday August 3, 2010 8:40 am|
US scientists put out a new estimate last night of the flow rate of the BP oil disaster, and determined that almost five million barrels, or 200,000,000 gallons, of oil released out of the busted Macondo well since the explosion on April 20 — an amount over ten times the initial estimates of flow rate from BP at the outset of the disaster.
|By: Jim White Tuesday August 3, 2010 6:55 am|
Look for an additional delay in the “injectivity test” and static kill operations. A new leak on the well apparatus is shown in video captured August 3 at 9 am Eastern. In addition, oil appears to be leaking from the Gulf floor near the well.
|By: David Dayen Saturday July 31, 2010 11:00 am|
The whole PR strategy for BP has been to keep the oil off the shore, so people like TIME’s Michael Grunwald would bail them out with articles about how the disaster isn’t all that bad. But just because we can’t see the insides of the organisms in the food chain, that doesn’t mean their intake of oil and other chemicals isn’t devastating for the ecosystem and for the industries which rely on the marine food chain.
|By: Teddy Partridge Wednesday July 28, 2010 8:01 am|
So, in addition to giving Tony “I want my life back” Hayward his life back, the BP Board of Directors this week reported a $17,000,000,000 loss for the quarter and announced that they would set aside $32,000,000,000 to pay claims in their Gulf of Mexico fiasco.