Just the arrival of Argentine President Cristina Fernandez de Kirchner prompted supporters in her Peronist movement to break into chants last Monday. The event, choreographed to feel momentous, was at the presidential palace. Fernandez de Kirchner announced plans to expropriate assets of the Spanish oil firm Repsol in Argentina.
Through a window, television viewers could see a huge image of Evita Peron, the famous 1950s-era populist whose presence is deeply felt in today's government.
It's been two years since the Deepwater Horizon exploded in the Gulf of Mexico, killing 11 rig workers and unleashing the worst oil spill in U.S. history. The oil has long stopped flowing and BP spent billions of dollars to clean up oiled beaches and waterways, but the disaster isn't necessarily over.
Oil fouled some 1,100 miles of Gulf Coast shoreline, but today, in most spots, you can't see obvious signs of the spill. In Orange Beach, Ala., the clear emerald waters of the Gulf roll onto sugar-white sand beaches.
Two years after the Deepwater Horizon accident killed 11 men and sent oil spewing into the Gulf of Mexico, the oil industry says it has learned valuable lessons from the disaster that are making drilling safer today.
But there's still a pressing issue looming for the oil industry: Oil field workers are retiring in huge numbers, leaving a workforce that's younger and â€” more importantly â€” less experienced.
It's sounds like a story from the past: A Latin American leader announces plans to nationalize a large foreign company, touching off a high-stakes battle that involves money, politics and diplomacy.
Yet it's happening right now. Argentina's President Cristina Fernandez said this week that her country plans to take over a giant Spanish oil company at a time when the economies in both countries are facing challenges.
Spanish officials are threatening to retaliate against Argentina for seizing a majority of shares in the biggest oil company in Argentina, YPF.
The Environmental Protection Agency's new air pollution rules for the oil and gas industry may seem like odd timing, as President Obama has been trying to deflect Republican criticism that he overregulates energy industries. But the rules weren't the Obama administration's idea.
Several years ago, communities in Colorado, New Mexico and Wyoming complained about air pollution from natural gas booms in their local areas.