Off Shore Drilling

BP oil spill in the gulf of mexico

BP oil spill in the gulf of mexico

BP is spending more than $6 million a day to plug an oil well that started leaking after a Transocean drilling rig exploded and ultimately sank in the Gulf of Mexico. And the oil company is going to shell out a lot more before it's over because the stakes for the environment, its own reputation and the industry are higher than ever.

This time, the stakes and potential fallout aren't just big for BP, but the rest of the offshore drilling industry as well. An ...