Like the banking crisis, the oil disaster will see in a new age of state intervention, says Jeremy Warner.
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Like the banking crisis, the oil disaster will see in a new age of state intervention, says Jeremy Warner.
BP says it has paid at least $29 million to people claiming economic losses because of the Gulf of Mexico oil spill.
Source:
http://www.huffingtonpost.com/2010/05/26/bp-has-paid-29-million-in_n_590411.html
2.5 million gallons hemorrhaging, unchecked: Officials Tuesday told congressional representatives that the Gulf of Mexico oil spill could grow at a rate more than 10 times current estimates, greatly enlarging the potential scope of the disaster.
A source who attended the meeting said company representatives had a deer in headlights� look to them.