Economy View: Crisis in the Gulf A massive oil spill, sparked by the explosion of a well operated by BP, has the potential to have far-reaching implications

Crisis in the Gulf A massive oil spill, sparked by the explosion of a well operated by BP, has the potential to have far-reaching implications

Features

BP Says 'Desired Outcome' Reached in Static Kill

BP on Wednesday said its “static kill” operation to stem the leak at its Macondo well in the Gulf of Mexico appeared to have succeeded, a step the UK energy group described as a “significant milestone”.

Nearly 75% of BP Spill Oil Is Gone From Gulf: Scientists

Nearly three-fourths of oil from the BP spill is gone from the Gulf of Mexico, with 26 percent remaining as a sheen or tarballs, buried in sediment or washed ashore, U.S. scientists said Wednesday.

Spill Is Biggest Accidental Oil Release, New US Data Show

Nearly five million barrels of oil have gushed from BP’s well, federal scientists said, announcing the most precise estimates yet of the flow. The number would make it the biggest known spill into marine waters. The NYT reports.

BP Static Kill at Gulf Oil Leak on Tap for Tuesday
BP aims to conduct tests Monday before conducting a "static kill" on its Gulf of Mexico oil leak Tuesday, a company executive said.

Optimism That Next Steps Will Plug Gulf Leak for Good

A hundred and one days into BP Gulf of Mexico oil spill, the top U.S. official overseeing the spill response said Wednesday he was confident a relief well preceded by a so-called "static kill'' would plug the leak for good.

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