Disastrous

Late Friday Anadarko Petroleum Corp. — a 25% partner with BP plc in the disastrous Macondo well in the Gulf of Mexico (GOM) — pointed the finger directly at its London-based partner and assigned blame for the Deepwater Horizon catastrophe. BP fired back that it intends to continue doing its part, but noted that its partners also have “obligations.”

Some U.S. lawmakers would likely say BP plc CEO Tony Hayward bet the company with the disastrous Macondo well in the Gulf of Mexico (GOM). Hayward might do well to click on UK-based betting website paddypower.com, which Friday was offering five-to-four odds that he would be the first to leave/lose his job at BP.

Proposed federal environmental regulations would have “disastrous economic consequences” and increase U.S. dependence on foreign sources of oil, according to research backed by a coalition of U.S. oil and natural gas producers. One study noted that some proposed regulations — especially related to shale gas development — could have dramatic negative effects on the country.

Proposed federal environmental regulations would have “disastrous economic consequences” and increase U.S. dependence on foreign sources of oil, according to research backed by a coalition of U.S. oil and natural gas producers. One study noted that some proposed regulations — especially related to shale gas development — could have dramatic negative effects on the country.

The broad energy policy bill, which the House passed in August, would be disastrous for the nation if passed with few changes, a member and former chairman of the Texas Railroad Commission said.

The broad energy policy bill, which the House passed in August, would be disastrous for the nation if passed with few changes, a member and former chairman of the Texas Railroad Commission said.