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BP sells some Gulf of Mexico assets for $5.55 bn

Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere.

 

Sarah Palin defends oil drilling despite Gulf spill

Sarah Palin defends oil drilling despite Gulf spill

Sarah Palin, who popularized the "drill, baby, drill" slogan, continues to support drilling but targets blame for the massive Gulf of Mexico oil spill at foreign companies.

 

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