Oil

The British government has been preparing for a worst-case scenario over increasing concern that oil giant BP could collapse.

Charitable donations to deal with the BP oil disaster have been meager. And they aren't likely to pick up any time soon. Mitchell Hartman reports.

BP's stock is down by about half, which means the company could be vulnerable to a hostile takeover. Now there are reports BP is trying to head that off by attracting rich investors.

BP has admitted to not following some standard safety procedures before the Gulf of Mexico oil spill.

BP has been trying to raise over $20 billion for clean-up of the Gulf of Mexico oil spill.

The center of Tropical Storm Alex is not expected to pass near the site of BP's leaking oil well in the Gulf of Mexico. But it could delay oil collection efforts, and that could be bad news for the company's financial health.

The Santa Barbara oil spill of 1969 was nowhere as vast the current BP oil spill in the Gulf, but it did stir up environmentalists, the federal government and the oil industry to make things safer -- unfortunately, not all of that attitude made it through the years.

The Gulf of Mexico provides families in the area with two significant economic opportunities -- oil and fish. And right now, with the BP oil spill, the future of both are in question. That's straining some communities in places like Boothville, La. Adriene Hill reports.

Beleaguered BP CEO Tony Hayward is no longer running the British oil giant's cleanup operations in the Gulf of Mexico spill.

So far, more than 40,000 people have used hotlines set up by BP to offer suggestions and ideas for stopping the oil spill and cleaning things up. But a lot of regular folks feel like they aren't getting through to BP. And some are going to local governments to see if they can get anyone to pay attention. Adriene Hill reports.