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Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are about to face their day in court.The trial over the worst U.S. offshore oil spill is set to start this morning in New Orleans before a federal judge and without a jury. Few expect the case, seen lasting several months, will be decided by the judge.Efforts to pull together an eleventh-hour settlement over the weekend did not result in a deal, but legal experts expect a resolution, at least with the U.S. Department of Justice, in the coming months. Early testimony is likely to set the tone for any settlement talks, depending on how damaging the evidence is, the experts said."This is a game of corporate chicken," said John Zavitsanos, a Houston civil litigator. "We have tangled with BP often, and they blink."Joining well owner BP Plc in Judge Carl Barbier's courtroom will be rig owner Transocean Ltd and well cement...
FBN’s Jenna Lee previews the latest jobless claims and durable goods data.
FBN’s Robert Gray on who will be impacted by the president’s decision and when the Gulf oil leak may be sealed.
Will the government raise the gas tax?
August 06, 2008 8:29 AM OilWorldby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »With oil prices dropping to less than $120 a b...
August 6, 2008 08:29 AM UTC by Elizabeth MacDonaldOilWorldWith oil prices dropping to less than $120 a barrel, its lowest price in three months, and the Federal Rese...
What is Sen. Obama's economic policy?
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies i...
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies i...
FBN’s Jenna Lee on the latest legal setback for the Obama administration to temporarily halt oil drilling.
Will lifting ban on offshore drilling be a tough sell in Congress?
January 7, 2011 12:00 PM UTC by John StosselOil Drilling Bans Harm the Earth? (Saturday at 9pm & midnight ET)Last March, President Obama said something smart: "Today...
FBN’s Jenna Lee on the latest legal setback for the Obama administration to temporarily halt oil drilling.
FBN's Ashley Webster on the latest legal setback for the Obama administration to temporarily halt oil drilling.
