Daily News Channel
What did it take to wake up the Rip Van Winkle box office, asleep for the past 20 or more weeks? Just some fast cars, faster women, a bank vault dragged through the streets of Rio de Janeiro, more wasting of fuel than in the BP oil spill and two bald giants — Vin Diesel and Dwayne “The Rock” Johnson — kicking the crap out of each other.
With a military stalemate increasingly likely in Libya, U.S. and European politicians have been eyeing an oil blockade against Muammar Gaddafi as a way of breaking his determination to keep fighting and avoiding a drawn-out war.
It took just a couple of days for Admiral Thad Allen to realize how disastrous the well blowout at the Deepwater Horizon drilling rig would prove to be. On April 20 last year, the well being drilled by the BP-owned rig suddenly kicked back, spurting oil and gas up the drilling pipe and setting the Deepwater Horizon aflame in the Gulf of Mexico.
President Obama has called the BP oil spill “the worst environmental disaster America has ever faced,” and so has just about everyone else. Green groups are sounding alarms about the “catastrophe along the Gulf Coast,” while CBS, Fox and MSNBC are all slapping “Disaster in the Gulf” chyrons on their spill-related news
Oil prices dropped below $100 a barrel Monday after a massive earthquake and tsunami devastated northeastern Japan, denting demand for crude from the world’s third-largest economy.
On a normal day, residents of Bin Jawad say, there is nothing remarkable about their sunny seaside town.
Just two weeks ago, Libya’s oil chief boasted to reporters in Tripoli that the country’s huge energy business could ride out the conflict and quickly recover.
At the crossroads between east and west in the desert nation of Turkmenistan, a quiet battle is under way for natural gas, oil and influence, and the U.S. and Europe are losing out to China and the Muslim world
Royal Dutch Shell said on Thursday that a total of 5,000 staff would be leaving the Anglo-Dutch oil and gas group as part of a restructuring begun earlier this year.
A blaze at a Puerto Rico oil storage facility continued to rage out of control early Sunday, sending thick black smoke into the air and forcing at least 1,500 people out of their homes.