Friday, July 15, 2011

Company seeking permission to build new pipeline underestimates worst case spill


BP Oil Still Washing Ashore One Year After Spill

Oil spill aftermath: 'Drill, baby, drill' era may be gone forever

The Gulf oil spill was capped a year ago Friday, but offshore drilling is still far off its pre-spill pace. With a new regulatory agency putting a greater emphasis on safety, the industry might have to adjust to a new normal. The centerpiece of those reforms was abolishing the federal agency that previously oversaw offshore drilling and replacing it with a new one, BOEMRE. And to those in the oil industry, BOEMRE's regulations – seen as too cumbersome and lined with uncertainty – are the problem.

Saturday, July 9, 2011

BP Wants to Stop Paying Claims

“Multiple lines of evidence demonstrate that, to the extent that portions of the Gulf economy were impacted by the spill, recovery had occurred by the end of 2010, and that positive economic performance continues into 2011, with 2011 economic metrics exceeding pre-spill performance,” the BP document said.
The Associated Press July 8, 2011