BP was to blame — that was U.S. District Judge Carl Barbier’s ruling a week ago in the case over the Macondo well disaster. The judge found Transocean, which was operating the Deepwater Horizon rig in 2010, and cement contractor Haliburton at fault too. But Barbier said BP was guilty of “gross negligence”. And that could mean that payouts by BP balloon to $50 billion or more ultimately.
Dr. Jim Richardson, professor of public administration and economics at LSU explains some of the business implications.
Originally published on Sun December 29, 2013 4:42 pm
The big energy story of 2013 was a boom in domestic oil production, especially in North Dakota. NPR's Arun Rath talks with national correspondent Jeff Brady, who saw the boom firsthand during a recent reporting trip to the state.
U.S. oil production is rising sharply and increased output from shale will be a "game changer" in global energy markets in the coming years, according to a new report out Tuesday by the International Energy Agency.