Content Tagged As petroleum

2 years 8 months ago

No relief at the pump

Believe it or not, price per barrel of crude oil is about the same as it was in 2009 -- anywhere from $83 to $85 dollars says University of Colorado at Colorado Springs economist Fred Crowley -- but the price at the pump is $0.30 = $0.40 cents higher. ...

3 years 10 months ago

White House and BP negotiate compensation fund

The White House says BP appears willing to establish a multibillion-dollar compensation fund for people and companies damaged by the Gulf oil spill. President Barack Obama demanded that the oil company set up a independent compensation fund. And presidential spokesman Bill Burton told reporters the White House and BP...

3 years 10 months ago

BP to speed up payments

The Obama administration says BP has agreed to expedite the payment of claims to businesses and individuals whose livelihoods have been disrupted by the Gulf of Mexico oil spill. Tracy Wareing, who is with the National Incident Command office, told reporters in Washington that the understanding on payment of...

4 years 5 months ago

Blast rocks Gulf facility in Puerto Rico

An explosion at a Gulf gasoline facility has rocked a neighborhood outside Puerto Rico's capital, causing minor injuries and forcing evacuations as firefighters raced to prevent additional blasts. Several columns of black smoke and flames were rising from the Caribbean Petroleum Corp., a gasoline warehouse and distribution center on San...

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