They also argued that the production of this particular oil, recovered from oil sands, imposed more environmental damage than oil produced from conventional deposits.
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When a hurricane comes, count on large-cap investors to snap up stocks of not only home improvement companies, but also discount retailers (everyone's running for flashlights and other supplies and will be replacing losses from flood damage), home builders (all those houses need to be rebuilt) and oil companies (damage to refineries down in the Gulf sparks supply worries and kicks up prices).
The final disguised cost of oil is the damage it does to the environment and human health.
And sadly, no matter how effective our response is, there will be more oil and more damage before this siege is done.
WHITEHOUSE: President Obama��s Oval Office Address on BP Oil Spill & Energy | The White House
And sadly, no matter how effective our response becomes, there will be more oil and more damage before this siege is done.
For the Gulf Coast, it's not yet fully known just how much the oil spill will damage metro areas in those states.
With unconventional oil, the damage tends to be higher all around more land gets disturbed, more pollutants are produced, and more opportunities arise for contamination.
The oil spill devastated portions of the Gulf Coast and plastic booms were used to help soak up the oil and mitigate damage to coastal areas.
While oil does not damage ocean-going vessels, it will cling to their hulls, and it is illegal for ships to enter U.S. ports or waterways if they will contaminate the waters.
We understand that to reduce our dependence on oil and the damage caused by climate change, we're going to need more production in the short term, we're going to need more efficiency, and we need more incentives for clean energy.
Ian Clayton from the RNLI said there were concerns about possible environmental damage if oil started leaking from the vessel.
But we have to recognize that despite our best efforts, oil has already caused damage to our coastline and its wildlife.
WHITEHOUSE: President Obama��s Oval Office Address on BP Oil Spill & Energy | The White House
Mr Clayton said there were concerns about possible environmental damage if oil started leaking from the vessel, but there have been no reports of any leaks.
And that was on fears that Gustav would damage drilling and oil refining operations.
And they gave me an update on our efforts to stop the BP oil spill and mitigate the damage.
WHITEHOUSE: President Obama Speaks on NYC Incident and BP Oil Spill in Louisiana | The White House
During the telephone conversation on Saturday, Mr Cameron expressed his sadness at the environmental damage from the oil leak that began on 20 April.
Right now, stopping this oil spill and containing its damage is necessarily the top priority not just of my administration but I think of the entire country.
The state could have billions of dollars in claims against BP, on everything from lost oil and gas revenues to damage to state-owned marshes and oyster beds.
Two mainstays of the state's economy -- oil and tourism -- were both hit hard by the storm, with New Orleans possibly shut down for months and substantial damage to the oil infrastructure.
Infrastructural works such as the construction of ports, dredging, pipelines and oil or mineral extraction may also damage sites.
Crude oil bulls have faded and technical damage has been inflicted in crude.
We must use all resources and develop all technologies necessary to rescue our economy from the damage caused by rising oil prices and restore the health of our planet.
The likeliest explanation is that new sanctions, designed to cut off Iran from the global financial system and bedevil its oil exports, are doing serious damage to its shipping business.
In a key 2009 ruling, a district court in the Netherlands declared itself "competent" to handle claims for alleged damage caused by the oil company's activities in the Niger Delta, contrary to Shell's argument that the court did not have the jurisdiction to rule on its Nigerian subsidiary.
BBC: Shell in Nigeria: Dutch court to rule in pollution case
Some scientists believe that the reason BP is so big on the idea of using dispersants -- well, first of all, they say they believe that the oil can do just as much damage below the surface as it can do above the surface after being -- even after being dispersed.
Crude oil saw serious near-term chart damage inflicted Thursday, is now an underlying bearish factor for the precious metals, especially silver.
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However, crude oil saw serious near-term chart damage inflicted Thursday, which is an underlying bearish factor for the precious metals, especially silver.
That's why we're also using every resource available to stop the oil from coming ashore and mitigating the damage it could cause.
WHITEHOUSE: President Obama Speaks on NYC Incident and BP Oil Spill in Louisiana | The White House
Fresh technical damage has occurred in crude oil and this market is in danger of posting a technically bearish monthly low close Friday.
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Some fresh near-term technical damage has occurred in crude oil.
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