Energy

Wednesday, June 2, 2010 7:36 AM

Need-To-Know Memo, June 2

By Christopher Snow Hopkins, NationalJournal.com

1) The Obama administration has launched a criminal investigation into the oil spill in the Gulf of Mexico. The companies involved in the accident may have violated a number of statutes, including the Clean Water Act and the Oil Pollution Act (New York Times).

2) BP lost 15 percent of its market value yesterday (Washington Post).

3) Tension between the Obama administration and Louisiana officials has crystallized around the issue of sand berms (Time).

4) "Crude has already been reported along barrier islands in Alabama and Mississippi, and it has impacted some 125 miles of Louisiana coastline" (AP).

5) The Dutch government has dispatched six "sweeping arm" systems, along with a six-member crew to administer the equipment, to assist BP in the cleanup effort (Christian Science Monitor).

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