BP

Duck and cover: Barton goes into hiding

Duck and cover: Barton goes into hiding

If you called the Washington office of Texas Republican Rep. Joe Barton Friday, all you got was a recording saying the office was closed. The Congressman who created a national uproar and embarrassment wasn’t taking calls. Neither was anyone else on his staff although press secretary Sean Brown said in an email that aides were […]

BP CEO to Congress: ‘I’m devastated’

BP CEO to Congress: ‘I’m devastated’

A day after agreeing to a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, BP’s chief executive expects to tell Congress that he was “personally devastated” by the explosion of the Deepwater Horizon oil rig and understands the anger that Americans feel toward him and his company. […]

Obama’s big speech: He came, he saw, he failed

Obama’s big speech: He came, he saw, he failed

President Obama’s speech to the nation Wednesday night had all the trappings of a game-changing address on a major crisis. He used the Oval Office, a setting reserved for Presidential pronouncements on war. He tried to look stern as he issues a few weak diatribes against BP and declared a pseudo-war on the 58-day old […]

Obama talks tough but can he deliver?

Obama talks tough but can he deliver?

Fresh from admonishing BP before the world, President Barack Obama now gets his moment with the oil company’s leaders. It will be on his turf and, he vowed to an angry nation, on his terms. “We will make BP pay for the damage their company has caused,” Obama declared in his first Oval Office address, […]

BP cut corners, cost on doomed ‘nightmare well’

BP cut corners, cost on doomed ‘nightmare well’

BP took measures to cut costs in the weeks before the catastrophic blowout in the Gulf of Mexico as it dealt with one problem after another, prompting a BP engineer to describe the doomed rig as a “nightmare well,” according to internal documents released Monday. The comment by BP engineer Brian Morel came in an […]

BP execs face grilling on Capitol Hill

BP execs face grilling on Capitol Hill

BP Plc’s U.S. chief faces accusations in Congress on Tuesday that the energy giant caused the worst oil spill in U.S. history with a calculated strategy to cut costs, hours before President Barack Obama uses a televised address to defend his handling of the disaster. A day after BP shares fell 9 percent in London […]

Obama looking for some asses to kick

Obama looking for some asses to kick

President Barack Obama says he wants to know “whose ass to kick” in the BP oil spill disaster in the Gulf of Mexico. Some might suggest the President should start by kicking his own ass. Obama tried staged anger as a ploy today in interviews with NBC’s Today Show. He tried out some new material, […]

Obama tries anger in latest attempt to salvage Presidency

Obama tries anger in latest attempt to salvage Presidency

Dogged for being too calm in crisis, President Barack Obama unleashed frustration for all to see Friday, warning BP it had better do right by the people whose lives it has wrecked. The president’s third trek to the Gulf of Mexico was about the workers with no government titles, the shrimpers and the shopkeepers, the […]

BP claims progress in capping oil-spewing well

BP claims progress in capping oil-spewing well

BP appeared to make progress early Saturday in capping the worst oil spill in US history, but President Barack Obama warned the British energy giant not to shortchange victims of the disaster. BP offered the first positive signs since the massive oil leak began April 20, placing a cap on a ruptured pipe, which appeared […]

Attempt to cap oil leak fails: Now what?

Attempt to cap oil leak fails: Now what?

Yet another mix of risky undersea robot maneuvers, containment devices and longshot odds is being prepared to fight the uncontrolled gusher feeding the worst oil spill in U.S. history. Six weeks after the catastrophe began, oil giant BP PLC is still casting about for a way to slow down the spewing, blown-out well underneath the […]