NEWS FLASH

BP Puts Deepwater Horizon Disaster Behind, Plans New Drilling In Gulf Of Mexico | BP is “looking to ramp up activity in the Gulf of Mexico in the coming months and is applying for new well permits there this quarter,” Reuters reports. The oil giant expects to spend only $5 billion of its $20 billion victim compensation fund for the Deepwater Horizon oil disaster, even as scientists are still just beginning to piece together the consequences.