BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
It’s a pain in the gas to be the owner of one service station on Houston Street. New York City’s Landmarks Preservation Commission decided that the station is part of the expanded historic district in SoHo, which was put in place to preserve ornate, cast iron buildings nearby.
New York’s Senator Charles Schumer wants to know why New York gas prices are still so high, saying he suspects prices are being artificially inflated.
Those for lifting the moratorium say increasing oil supplies will help lower gas prices, but the Sierra Club’s Jeff Tittel says it’s not worth threatening beaches.
AAA said the average cost of a gallon of gas jumped about 15 cents last week. Drivers are on the lookout for price gouging, but one local official said the city is allowing it to happen right under its nose.
It may not be the scariest Halloween costume ever, but the BP oil spill outfit is definitely unique.