Category: BP Oil Spill

July 16, 2010 Category: BP Oil Spill

Rarely Seen Pictures Of The Devastating Consequences Of The BP Disaster

NASA Photograph of the OIL SPILL, taken 3 weeks after it began.

June 3, 2010 Category: BP Oil Spill

Feds halt new oil drilling in Gulf

The Obama administration is blocking all new offshore drilling in the Gulf of Mexico, a day after regulators approved a new permit for drilling in shallow water.

Category: BP Oil Spill

Goldman Sachs sold $250 million of BP stock before spill

The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.