The Gulf Coast oil spill offers an opportunity to reflect on the basic principles of tort law, which makes clear that in this case full economic damages are appropriate but punitive damages should not be pursued.

President Obama's response to the Gulf oil spill is an unflattering example of ineffective thuggery, as he orders around BP's executives, ignores due process, and caters to his union supporters.

In the aftermath of the Gulf oil spill, the Obama administration has failed to take charge of coordinating the long-term clean-up and restoration effort.

President Obama made BP's problem worse, and in so doing has worsened the problems facing not only the administration but also the unfortunate residents of the Gulf of Mexico.

Despite the consequences of the Deepwater Horizon accident, domestic offshore drilling is an important part of America's supply of reliable and affordable energy.

Obama's handling of the oil spill is drawing comparisons to George W. Bush's handling of Hurricane Katrina with one major exception: the damage to Obama's reputation for competence is magnified by a broader rejection of his liberal ideology.

There are thousands of offshore wells around the world, and the chances of a serious accident are small--the United States must continue developing new offshore oil resources.

A potential European banking crisis would spill over to the US financial system, which has very close links to the European banking system.