I wanted to call your attention to this excellent story from the Houston Chronicle describing some of the potential causes of the Deepwater Horizon spill. The short version appears to be that they were switching the drill chamber over from mud to water, which exposed what may be a potentially faulty concrete job, which brought [...]

As you’ve no doubt heard, BP’s own liability for the damages the Deepwater Horizon spill will cause may be limited to $75 million (though it will have to pay for cleanup). The federal government has a large rainy day fund on hand to help mitigate the expanding damage on the Gulf Coast, generated by a [...]