Blast Jolts Oil World
Gulf Rig Explodes, 11 Missing; Potential Blow to Industry
Twelve people are missing and seven injured after an explosion and fire at an oil-drilling rig in the Gulf of Mexico. WSJ's Russell Gold joins the News Hub with more. Plus, a hedge-fund manager famous for betting against mortgage securities is now bullish on the U.S. housing market and economy; and the $100 bill gets a makeover.
By Russell Gold And Angel Gonzalez
Updated April 22, 2010 12:01 am ET
NEW ORLEANS—A massive fire on an oil rig in the Gulf of Mexico left 11 workers missing and cast a pall over an offshore drilling boom that stands to dramatically lift U.S. energy output.
Rescuers scoured the Gulf for the unaccounted workers late Wednesday as firefighters struggled to quench a towering fire that forced all aboard to flee.