
By Bob Ruff and Carol Costello, CNN
(CNN) – While the Obama administration has come up with new rules and regulations for shallow water drilling, it is not releasing any new rules when it comes to new deep water drilling until it figures out what happened with the BP disaster.
It has slapped a 6 month or more moratorium on new deep water drilling and that has the oil industry, lobbyists and some politicians ratcheting up efforts to change the president's mind. For all of these players, one area of special concern is Louisiana’s immense Port Fourchon. It spans 1400 acres and is designed to meet every need an oil company might have.
Chett Chiasson is the executive director of the port. He calls it the “Walmart of the oil and gas industry.” Chaissson is eager to criticize President Obama's 6 month moratorium on new drilling in the Gulf.
That moratorium is affecting 17 oil companies, including BP, Shell and Chevron. Every one of these oil company rigs is serviced by Port Fourchon, from welders to caterers, to those who "taxi" rig workers out to the platforms.
Chiasson told CNN that if the moratorium lasts more than six months, he fears “losing 50% of the business that we have in Port Fourchon.” That would mean, says Chiasson, that rigs would be moved overseas to places such as Brazil’s Santos Basin or South Africa’s Orange Basin, where deep water oil also has been discovered.
(CNN) – After a taxpayer bailout, things are starting to look up for General Motors. In fact, the Wall Street Journal is reporting the automaker will start airing Super Bowl ads next year after a two year hiatus. Part of its recovery means the end of the road for some memorable GM brands, including the biggest one of them all. Our Allan Chernoff has the report.
(CNN) – She is the sister of billionaire investor Warren Buffett, and like her brother, Doris Buffett is a big philanthropist. To date, she's given away $100 million and she says she won't stop until that last check bounces. Doris Buffett joined us on on Tuesday's American Morning to talk about her Sunshine Lady Foundation and the new book about her, "Giving It All Away – The Doris Buffett Story."
(CNN) – It's now day 50 of the worst oil spill in this nation's history. With every gallon that pours out of the broken well, anger and frustration grows along the Gulf Coast. It's the start of the summer, but hotel rooms sit empty, fishermen are stuck on dry land, and a way of life for millions is threatened.
Tony Kennon is the mayor of Orange Beach, Alabama. He joined us on Tuesday's American Morning where he lashed out against BP and the government's response to the oil disaster.
(CNN) – She's covered every president since JFK, and given all of them a hard time. But now Helen Thomas is vacating her front-row seat in the White House press room. Her recent remarks about Israel sparked a storm of controversy that forced the venerable reporter to resign.
Former CNN White House correspondent Frank Sesno, now director of the School of Media and Public Affairs at George Washington University, says Thoma's legacy will be tarnished by her comments about Israel. He joined us on Tuesday's American Morning.
Read more: White House correspondent Thomas retires amid controversial comments
Lima, Peru (CNN) – Joran van der Sloot could be formally charged as early as Tuesday in the killing of Stephany Flores Ramirez, Peruvian government authorities said.
The government authorities said Van der Sloot confessed to murder late Monday. He will likely be held at one of three maximum security prisons - Castro Castro, Piedras Gordas and Lurigancho, authorities said.
Efforts by CNN to contact van der Sloot's attorney were not immediately successful.
At his first court appearance, the judge may set a hearing date for van der Sloot and could order additional investigations in the case.
The Peruvian justice system often issues a lighter sentence in cases where the suspect confesses. That may have influenced his alleged confession. Read more

