Merrie Spaeth

It's Not Just BP's Problem
May 07, 2010

On the main site today, Steve LeVine has a good piece about how BP's handling of the Gulf spill has the entire oil industry panicked: Executives, not just at BP, but throughout the oil industry, are concerned that the disaster will have the effect of restricting or closing off their continued ability to drill in the Gulf, one of the few remaining places on the planet where oil producers are permitted a relatively free hand.

Tanking Hard
May 07, 2010

Early on Monday, BP’s boyish CEO, Tony Hayward, sat in an open-collared white dress shirt and, rocking back and forth in a studio chair, submitted to a series of four network interviews about his company’s catastrophic oil spill in the Gulf of Mexico. The questions from NBC, CBS, ABC, and the BBC differed slightly, but to all the anchors, Hayward delivered a similar line: “This is not our accident.” In other words, it's not BP's fault.