Offshore Oil Drilling, Oil Drilling | featured news

(Image from article: "Obama to end ban on deep-water oil drilling in Gulf of Mexico")

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Federal Regulators Deferred to Oil Industry on Rig Safety

The federal agency charged with regulating the oil industry has allowed the industry largely to police itself, records show.

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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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BP CEO says will pay oil spill claims

BP Plc will clean up an oil spill from one of its wells in the Gulf of Mexico and compensate those affected, its chief executive said, accepting that the disaster could hit plans to open new areas off the U.S. coast to drilling.

Obama to allow oil drilling off Virginia

In a reversal of a long-standing ban on most offshore drilling, President Obama is allowing oil drilling 50 miles off Virginia's shore.

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