BP Acknowledges Safety Failings After Latest Texas City Death
January 17, 2008
BP admitted last night that it had fallen short of safety standards after the death of another worker at its Texas City refinery this week. William Joe Garcia, an operations supervisor with 32 years’ experience, died on Monday in the third fatality at the refinery since a massive blast nearly three years ago claimed 15 lives.
Late last year BP paid out $370 million (£188 million) in fines related to those deaths.
Read more
Oil Stocks: Best Picks For 2008
January 15, 2008
It’s not too late for investors to get in on the oil boom in 2008, analysts say, even with the near 30 percent runup in oil company stocks last year.
From companies that pull oil out of the ground, to the ones that turn it into gasoline, to the specialists that keep the wells flowing, the oil sector breaks down into lots of categories. And some categories are expected to do much better than others in 2008.
Read more
