Halliburton Co. used flawed cement in BP Plc's doomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said on Thursday.
Halliburton's shares tumbled as much as 16 percent after the National Oil Spill Commission released a letter detailing the panel's findings, before recovering to close down nearly 8 percent at $31.68 per share on the New York Stock Exchange. BP's U.S.-listed shares closed up 1.3 percent at $40.60 per share.
Halliburton knew oil disaster cement was unstable
Natural Gas Industry Shills Use the Media to Mislead the Public -- Here's How to Spot Them
In papers everywhere we hear arguments such as the one that appeared recently in the Rochester (NY) Business Journal, in an article by economist Raymond J. Keating, under the heading "N.Y. is missing out on economic opportunity."
Keating wrote, "Environmentalists are claiming that hydraulic fracturing threatens groundwater supplies and are using anecdotal evidence to support their claims. Yet years of evidence have demonstrated that the fracking process is safe."
Nuclear watchdog groups say corners cut on fire safety
Nuclear watchdog groups say that an internal report by the Nuclear Regulatory Commission on fire safety at nuclear plants shows that regulators don't have enough information to know whether its new fire rules will ensure safety.
The NRC, in response, said the new fire plan was the product of years of extensive research, would improve safety and was ready to use. The first plant approved to use the new regulations is Progress Energy's Harris nuclear plant in North Carolina.
Natural gas pipeline crisis plans kept from public
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Wind energy can power much of East Coast, study say
The strong winds off the Atlantic Ocean could become a cost-effective way to power much of the East Coast — especially North and South Carolina, Delaware, Massachusetts, New Jersey and Virginia, a new study released Tuesday says.
The report by the conservation advocacy group Oceana argues that offshore wind could generate 30 percent more electricity on the East Coast than could be generated by the region's untapped oil and gas. It predicts that wind from the ocean could be cost competitive with nuclear power and natural gas to produce electricity.
Nuclear waste piles up with no disposal plan
Tens of thousands of tons of potentially lethal radioactive waste have been piling up across the nation for more than a generation, but the federal government has yet to decide how to get rid of it permanently.
In short, the country's political leaders are no closer to a safe, permanent disposal plan for nuclear waste than they were a generation ago, when nuclear power became widespread and the Cold War was in full swing.
Scientists develop fuel cells powered by urine
Also known as carbamide, urea does not require expensive catalysts like platinum to operate, either. The team was able to develop a simple and relatively inexpensive method with which to convert urea into water, nitrogen, carbon dioxide and electricity -- all at the same time.
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