It looks like BP's massive oil spill won't be stopped until August, when two relief wells are finished. That dire news has people who make their living from the Gulf rethinking their plans for surviving the spill. Nancy Marshall Genzer reports.
Today President Obama announced plans to suspend exploratory drilling in the Arctic, cancel a lease sale in the Gulf and off the Virginia coast, and continue the deepwater drilling moratorium. How will these new ground rules impact the domestic oil supply and companies that drill for it? John Dimsdale reports.
BP is trying yet another maneuver to plug the leaking oil well in the Gulf of Mexico. In the meantime, the government is under pressure to punish BP, but doesn't want to distract the company from the clean-up effort. Jeff Tyler reports.
The House Committee on Energy and Commerce released details from its inquiry into the BP oil spill, revealing several warning signs before the Deepwater Horizon rig exploded.
Bill Radke talks to former Shell Oil president John Hofmeister about his pro-offshore drilling stance and why the U.S. should strengthen its domestic oil industry.
BP returns to the Gulf of Mexico tomorrow to attempt another stop at the massive oil leak. Meanwhile, the U.S. government has declared a fishery disaster in Louisiana, Mississippi and Alabama, making those states eligible for financial aid.
