A boy plays in a water fountain on a hot day in the southern Indian city of Hyderabad.
Predictions of 'Obama's Katrina,' millions of fish belly up on beaches, and an end to deep-water drilling all came to naught. High gasoline prices now seem more pressing to Americans than the Deepwater Horizon disaster that led to Gulf oil spill.
A year after the Deepwater Horizon explosion triggered the mammoth Gulf oil spill, fishermen, hotel owners, and oil workers in Grand Isle, La., aren't sure if the old nature-oil balance can be regained.
One year after the ominous explosion on the Deepwater Horizon drilling rig off the Louisiana coast, a look back at key moments in the bid to stop the rampaging Gulf oil spill.
Apple earnings to beat consensus, one analyst says. Also of note: Gold's new high and closing arguments in Rajaratnam insider-trading trial.
A team of Norwegian experts concludes that the ‘blind-shear ram,’ which was part of the blowout preventer, was not designed to deal with the bent pipe. Their report on this aspect of the Gulf oil spill was released Wednesday.
In the past year, China has secured some $65 billion in regional deals. President Obama's current visit to Latin America is seen as a counteracting move.
Gasoline prices in the US now average over $3.50 a gallon, and may be heading for $4. Obama is considering a move to lower prices by selling oil from the Strategic Petroleum Reserve. But his actions say otherwise.
Gas prices are approaching $4 a gallon and oil prices are above $100 a barrel, leading politicians in Washington and statehouses to propose a flurry of legislation. Some proposals strive to quell voter angst while others might balance budgets by raising gas prices. Meanwhile, wind, biofuel, nuclear, and oil industries are lobbying Congress to support more domestic energy production. Many of the proposals are longer-range and thus unlikely to affect short-term gas prices, energy economists say.