Gulf of Mexico

The Gulf of Mexico oil spill has adversely affected stocks of oil companies. Though no one believes that underwater drilling can stop completely, stocks of oil companies have been affected by the event. According to Barron’s, the stocks directly related to the oil spill, i.e. BP (NYSE: BP),...

The effects of BP Plc’s oil well explosion in the Gulf of Mexico have reached beyond the worry of ecological devastation, and infiltrated local markets, commercial real estate being one of them. Leaking an estimated 70,000 barrels of oil a day compared to initial estimates of 5,...