September 2, 2011

Oil Companies Brace for New Gulf Storm

Kristen Hays, Reuters

Getty Images

A tropical depression hovering over the central Gulf of Mexico on Friday threatened to bring heavy flooding to the energy infrastructure-heavy U.S. Gulf Coast in the coming days.

Tropical depression 13, which could become Tropical Storm Lee later on Friday, has already prompted oil and gas producers to shut down platforms and evacuate workers from the offshore oil patch that provides about a third of the nation's oil production and about 12 percent of its natural gas.

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TAGGED: offshore drilling, oil companies, hurricane


May 10, 2012
Oil Company Profits Behind High Gas Prices
Al Bender, The Tennessean
In response to an April 22 Tennessean column by Richard J. Grant headlined “‘Too high’ prices are a symptom, not a cause of our problems,” I say that “too high” prices are both a symptom and a cause.Grant’s ... more ››