BP Says The World Only Has 53 Years Of Oil Left, Should You Panic?

Better hoon that Dodge Challenger SRT Hellcat while you can, kids! The world only has about five decades worth of oil left before we run out and descend into what I can only assume is a Mad Max-like state of anarchy, according to a new report. And it's not from some alarmist environmental group — it's from BP. » 7/09/14 12:28pm 7/09/14 12:28pm

How BP Hilariously Locked Itself Into Billions in Oil Spill Payments

Last night, 60 Minutes aired a report on how BP is trying to get out of a contract that has forced the oil giant to pay billions in reparations stemming from the Deepwater Horizon oil spill, even to people who weren't directly affected by the disaster. The funny thing is that BP has no one to blame but itself. » 5/05/14 3:11pm 5/05/14 3:11pm

The BP Oil Spill And Deepwater Horizon Explosion: Two Years Later

This past Friday, April 20th wasn't just a day to sit around, pluck an out-of-tune guitar and get stoned. It also marked the two-year anniversary of the Deepwater Horizon rig explosion and the beginning of the massive BP oil spill in the Gulf of Mexico. One of the worst spills in U.S. history, its impacts are still… » 4/23/12 10:00am 4/23/12 10:00am

World's 2nd-Largest Oil Field to Drop Production by 8 Percent

8% is the magic number in the North American oil industry these days. First, BP institutes a pipeline closure that results in an 8% drop in total American oil capacity, and now Pemex is announcing that its Cantarell oil field, the world's second-largest, will drop 8% in production this year. Hear that? Yes, people,… » 8/10/06 12:45am 8/10/06 12:45am