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Oil Spill

The Takeaway

How Much Oil is Really Gushing Into the Gulf?

Friday, May 14, 2010

Two weeks ago the federal government estimated that about five thousand barrels of crude could be leaking into the Gulf of Mexico. However, it is becoming clear that the estimate is too small. John Amos, founder and president of Skytruth, a nonprofit organization that uses satellite images to investigate environmental issues says the estimate should be closer to 27,000 barrels of oil per day.

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The Takeaway

Oil Execs' Play Blame Game on Capitol Hill

Wednesday, May 12, 2010

Top executives from BP, Transocean and Halliburton – the three companies involved in the massive oil spill that continues to spew in the Gulf Coast – testified on Capitol Hill yesterday, pointing fingers at each other and deflecting blame from their own firms.

Senators were clearly not amused by all the blame game in full swing. "There's this transference of liability, or finger pointing," Senator Lisa Murkowski (R-Alaska) said. "There's going to be plenty of time to figure out who is to blame, who is at fault.”

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The Takeaway

Gulf Oil Leak Spurs Innovative Thinking, but No Solutions Yet

Tuesday, May 11, 2010

Oil from the Deepwater Horizon leak continues to gush into the Gulf Coast Ocean at a rate of around 210,000 gallons per day, leaving engineers and cleanup crews with two massive challenges: stopping the leak, and mopping up the oil that has already made its way into the water.

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The Takeaway

Top of the Hour: Challenges of Oil Cleanup, Morning's Headlines

Tuesday, May 11, 2010

Philip Johnson, professor of civil engineering at the University of Alabama on new tactics to plug the oil well; headlines.

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The Takeaway

Congress to Address 'Flash Crash,' Financial Reform

Tuesday, May 11, 2010

Congress will face public pressure this week as it tackles a series of hot-button issues. In the House, the Financial Services Committee has called for a hearing on the "flash crash" that took place last Thursday when the Dow Jones Industrial Average fell nearly 1,000 points in just 30 minutes. And Senate Majority Leader Harry Reid is hoping to get the financial reform bill complete by the end of the week.

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WQXR News

Containment Box Lowered Over Oil Spill

Friday, May 07, 2010

Crews spearheading cleanup efforts in the Gulf Coast have lowered a 100-ton box over the site's main oil spill.

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The Takeaway

First the Oil Spill, Then the Reforms

Friday, May 07, 2010

Energy reforms are on the minds of politicians following the collapse of the Deepwater Horizons oil rig that spewed more more than 200,000 gallons of oil a day into the Gulf of Mexico. California governor, Arnold Schwarzenegger has reversed his position, and come out against off shore oil drilling. Then yesterday, Interior Secretary Ken Salazar announced a halt on new drilling permits until his agency determines the cause of the rig collapse. Historically, regulatory and environmental laws follow disasters and regulatory changes, from equipment upgrades to increasing legal liability, are already on the table.

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The Takeaway

Capt. Kathy Wilkinson on the Oil Slick and its Business Impact

Thursday, May 06, 2010

Kathy Wilkinson, a "boat captain and master naturalist," operates an eco-tourism business in southern Mississippi and brings us an update from the Gulf coast on the practical impact of the looming oil slick.

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The Takeaway

Dome, Container Box or Contraption? The Next Plan to Stop the Gushing Oil

Thursday, May 06, 2010

Last night at around 8:00 p.m. the "Joe Griffin," a 280-foot container boat, left Port Fourchoun, Louisiana for a fifty mile trip to the site of the collapsed Deepwater Horizon oil rig.

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The Takeaway

Top of the Hour: Stopping the Oil, This Morning's Headlines

Thursday, May 06, 2010

News director for WWL radio in New Orleans, Dave Cohen, gives us the latest on what's being done to fix the gusher; headlines.

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The Takeaway

Lessons Learned (and Not) From Past Oil Disasters

Wednesday, May 05, 2010

The Deepwater Horizon disaster isn't the first time massive amounts of oil have gushed into the Gulf of Mexico. In 1979, an exploratory well, Ixtoc I, blew out in the same waters, amounting to the second largest oil spill in world history. And other spills in 1979, 1990 and 1993 have dumped thousands of barrels of oil into the Gulf of Mexico. How do these past events inform what may come next, for both human residents of the Gulf coast and the environment as a whole?

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The Takeaway

Sen. Menendez Pushes Oil Legislation to Raise BP's Liability

Tuesday, May 04, 2010

Senator Robert Menendez (D-New Jersey) is heralding a bill called the "Big Oil Bailout Prevention Act." The legislation would increase the amount of money oil companies would have to pay in the case of a spill from $75 million to $10 billion.

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The Takeaway

BP Has History of Energy-Related Accidents

Tuesday, May 04, 2010

Global energy giant BP has taken full responsibility for cleaning up the Deepwater Horizon oil leak in the Gulf of Mexico. Though it neither owned nor directly operated the rig, BP had given the contract for the job to Transocean, the world’s largest offshore drilling company. This is not the company's only recent accident in energy production, however: Prior to this accident, BP made headlines in 2005 when a massive explosion at one of their refineries in Texas killed 15 workers. In 2006, a large hole was found in a BP pipeline in Prudhoe Bay, Alaska. But are these isolated incidents or does the company have a track record of negligence?

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The Takeaway

Oil Gusher, A Stumbling Block to Limping Economy

Tuesday, May 04, 2010

Economists say the Deepwater Horizon oil spill could cost tens of billions of dollars both in cleanup and lost business revenue. Industries in the affected area are already taking hits, as fishing operations shut down and tourism slows. David Kotok, chief investment officer for money management firm Cumberland Advisors, says in the best-case scenario the cleanup will take years and the economic impact will be mostly felt in a handful of states on the Gulf of Mexico.

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The Takeaway

Industry and the Environment Prepare for Oil Spill's Long Clean-Up

Monday, May 03, 2010

On NBC’s Meet the Press, Secretary of the Interior Ken Salazar warned that it could take up to 90 days before an ultimate solution is put in place which could stop the oil still leaking off the coast of Louisiana.

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The Takeaway

The Family That Volunteers Together...

Monday, May 03, 2010

With the massive oil spill in the Gulf of Mexico dominating news headlines, some families are reacting by turning off the TV. But other families have instead chosen to respond by signing up to volunteer, as a family. Megan Miller and her 16-year-old daughter Savannah  Miller are signed on as volunteers with the Alabama Coastal Foundation. Together, along with dad Sean and 13-year-old sister Annalese, the Millers plan to help clean up the coast.

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The Takeaway

Satellite Facility Monitoring Oil Spill Fears Its Size and Scope

Monday, May 03, 2010

The oil spill in the Gulf of Mexico is currently estimated to be roughly the size of Puerto Rico; wind and currents are slowly moving it towards the shores of Louisiana, Mississippi and Alabama.

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The Takeaway

Massive Oil Spill May Reach Florida and Beyond

Monday, May 03, 2010

President Obama traveled to Louisiana yesterday for a first-hand briefing on the oil spill in the Gulf of Mexico. The "Deepwater Horizon" oil rig exploded on April 20th, rupturing its well and eventually sinking into the Gulf. An estimated 200,000 gallons of oil are gushing into the Gulf each day, as federal government and BP officials frantically explore options to contain the spill.

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