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Obama lifts drilling moratorium; new deepwater wells to flow
The deepwater drilling moratorium is over. Secretary of the Interior Kenneth Salazar announced today that the ban on leases for new drilling operation...
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BP doubles down on deepwater drilling
This summer BP outlined a plan to shed $30 billion worth of assets to free up some cash to pay for the Macondo well disaster. It still needs to ink so...
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BP's "Mission accomplished" moment
From the surface of the Gulf of Mexico, the end almost seems to be in sight.We flew out to the scene of the Deepwater Horizon explosion on Saturday mo...
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Why is there no safety.gov - especially for oil?
Even as BP races to somehow cap the spill from the wreck of the Deepwater Horizon in the Gulf of Mexico, it and the other major oil companies already ...
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BP's murky deep-water future
Not only did the virtually impossible happen -- a blowout on the Gulf of Mexico seabed a mile down -- it happened to a top-notch oil team. BP's debacl...
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10 best stocks for 2011 (2)
TransoceanMarket cap: $21 billion2009 Revenue: $12 billionP/E ratio: 9.2Dividend yield: N.A.Ticker: RIGThe disaster that killed 11 workers and spille...
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New tax threatens U.S. Recovery
Proposed tax hike on international operations could delay economic reboundBy John ChenPresident Barack Obama has proposed to raise taxes on the intern...
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Can Obama bully the bankers?
The president wants more lending, less gouging and smaller paychecks. But after a year of pro-bank policies, he may not carry a big enough stick.By Co...
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BP walks back its role in the gulf oil spill
As the last tar balls settle on the bottom of the Gulf, it looks like BP may have some extra cash on hand.The company might not have to pay all of the...
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Glossary of the new economics
By Stanley BingDebt: What you buy things with.Cash: Employed to buy debt.Profit: What’s left after Generally Accepted Accounting Principles takes the ...
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