British Petroleum says it made some progress over the weekend slowing the spill in the Gulf of Mexico. But it may be too late to prevent the spill from spreading around the region. And it may be too late to prevent something else, too: lawsuits.
BP's CEO is taking flak for his comment that the big oil spill is "tiny" in relation to the "very big ocean." With one researcher suggesting that the massive oil leak could be much bigger than BP has admitted, the company is increasingly on the defensive. Bob Moon reports.
Congress wants to determine how much oil spilling into the Gulf of Mexico from the accident at the BP oil rig. Although BP has said 5,000 barrels a day were spilling from the well, new reports say it could be more than 10 times that amount.
The House of Representatives will hear testimony from oil executives who shared responsibility in the BP oil rig disaster. John Dimsdale covers the finger-pointing and a proposed $10 billion liability cap.
Executives from BP and its drilling rig partners tried to explain to the Senate Energy Committee how the Gulf oil accident wasn't their fault. Now changes may be coming to the agency that regulates offshore drilling. Brett Neely reports.
Heads of BP, Transocean and Halliburton are on Capitol Hill this morning to explain to Congress what went wrong in the BP oil accident. A lot of finger-pointing is expected. Stacey Vanek-Smith talks to John Dimsdale.
BP has bought a stockpile of a chemical called Corexit to use on the oil slick, a product that breaks up the slick into tiny droplets that sink underwater. Environmentalists worry the toxic material will hurt sea life. Jill Barshay reports.
With all this oil leaking into the Gulf of Mexico, what do folks in the energy industry think it means for their fortunes? Rob Schmitz reports that for folks at the annual Offshore Technology Conference, it's been a nail-biter.
In light of the Gulf of Mexico incident, this is not the first time that Transocean, which built the faulty oil rig, has had safety issues. Stacey Vanek-Smith talks to Marketplace's Stephen Beard, who recalls the company's troubles in Britain.
