Oil Today

Oil Spill In The Gulf Of Mexico: How Much Should BP Be Punished?

Recently, we’ve all heard of the oil spill in the Gulf of Mexico. The question is, should BP be held accountable, and what would a proper punishment be? Many will argue they should pay billions of dollars in fine for endangering the environment, the public, and failing to show proper regard by failing to install a safety shut off valve.

Does that mean they were just trying to save a quick buck? Will gas prices jump now and cause an More

How To Prevent Oil Spills: What Oil Companies Should Do

Though the recent oil spill in the Great Barrier Reef on 3^rd April 2010 is still persistent in our memory, here we get another similar incident near Venice, LA. Despite frequent debate and discussions the oil companies are denying their responsibility regarding this matter. According to the report of Chevron Pipe Line Company more than 18,000 gallons of crude oil dripped from a pipeline into a channel which is located near Venice. Before they were able to fix it, More