Now that there’s a finalized settlement between the Department of Justice and BP that puts an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico — which left eleven dead and released millions of gallons of oil into the water — officials are taking a close look at the claims made against BP… including one filed by a dog named Lucy for $36,000. [More]
Lawyer Accused Of Submitting 40K False Claims Against BP After Oil Spill (Including One For A Dog Named Lucy)
A few weeks ago, we heard gas prices would probably start dipping below $2 per gallon in many parts of the country as soon as this fall. And in some states, those low prices can already be found at some gas stations. But even so, given the price of crude oil right now, gas should be even cheaper, experts say.
When I first started driving, I remember being told to change my car’s oil every 3,000 miles. More than a dozen years later – and after several advancements in vehicle production – most cars can go 5,000 miles to 10,000 miles before they need a fresh dose of oil. But according to a new analysis from Consumer Reports, those mileage markers may be a bit too optimistic, as many new cars actually require additional oil between changes – and that’s not really acceptable. [More]
You may have noticed prices gradually falling at your neighborhood gas station over the last few months, what you may not know is that the price of oil has been falling even faster than that. Why aren’t station owners passing the savings on to drivers? They’re in a generally low-margin business, and we’re all still buying gas anyway. [More]
Danish toy company LEGO has ditched a deal it had with Shell that allowed the company to hand out toy sets at its gas stations in about 30 countries around the world, after Greenpeace activists launched a campaign against Shell drilling in the Arctic.
We’ve all got a somewhat innate sense of where to store the foods we eat in our modern cultures — you’re not going to stick your ice cream in the pantry and expect it to stay frozen, or freeze your fresh apples. But what about butter — countertop or refrigerator? Should I really use that “eggs” slot on the inside of my fridge door? Answer us, oh kitchen gods! [More]
BP’s infamous oil spill last year in the Gulf of Mexico might have been prevented had the company not offered incentives to workers to cut costs rather than improve safety. A 16-months-in-the-making government report concluded that there were five instances in which BP either cut costs, decreased drilling time or increased risks.
Expect some much-needed relief at the pump! The US and its industrial allies unexpectedly announced that they’re releasing 60 million barrels of crude oil from reserves over the next 30 days. The move came after a recent OPEC meeting failed to result in increased production. Oil prices immediately kicked down 4.5% on the news. Time to fill up the ‘ol SUV and do some donuts before the market realizes it overreacted and prices go back up!
By next month, $4 gas may be in our rear-view mirrors. Falling oil commodities prices will translate to less pain at the pump if analysts’ predictions come true.
You may not be too pleased about paying higher and higher gas prices, but rest assured that your money is going to a good cause — the continued enrichment of big oil. In the first quarter of 2011, the five largest oil companies all upped their massive profits from a year ago.
Surging gas prices affect not only those with gas guzzlers, but potentially just about every product you buy. Rising shipping costs will likely be passed on to consumers, who will have less money to cover the costs because of other ways expensive gas is sucking them dry.
In an effort to prove that demand for gasoline isn’t quite as constant as oilmen would like to think, consumer advocates are taking to social media sites to get drivers to skip trips to the pump today.
Ongoing protests and government upheaval in the Middle East may be great for freedom, but the phenomenon is costly for anyone who needs to buy gas. Oil shot up past $100 a barrel Wednesday, its highest point in more than two years.
The upheaval in Egypt is raising prices at the pump, with average prices rising to $3.10 a gallon, according to data from GasBuddy. Though Egypt is not a major supplier of oil, the Egyptian-controlled Suez canal and the nearby Sumed pipeline are key pass-through points for the world’s oil supply, and there are concerns that the civil unrest could spread to other oil-producing countries. As of Tuesday upwards pressure on oil prices eased off as so far back the protests haven’t disrupted transportation.
Remember all that oil that BP spilled into the Gulf this summer? Whatever became of it? Well, good news. Bacteria ate most of it, reports Slate, and the other stuff was skimmed back up, evaporated, burned off, or it got diluted out into the seas.