Obama Admin Whitewashes Drilling Policy
by Capitol ConfidentialCriticism continues to amass on the heels of the blog posted by the Whitehouse Wednesday boasting ‘Expanding Safe and Responsible Energy Production.” Attempting to drive home the point that, long before this current spike, their main concern rested in “increasing responsible domestic energy production – including oil and gas,” the Obama Administration engaged in a bit of revisionist history. In reality, actions taken by President Obama and his staff indicate that despite the rising cost of oil, there is little sense of immediacy to get one of our most profitable industries back to work.
The main argument behind the stagnant permitting, the Obama Administration maintains, is BP’s disasterous blowout in the Gulf, “protecting” Americans from the horrors that would no doubt ensue should deepwater drilling restart at a pre-Gulf oil spill clip. Forbes reporter Christopher Helman makes a valid point in exposing the disingenuous nature of the Obama administration’s willingness to issue permits: while the industry was not adequately prepared to clean up the spill, reports have shown that the main problem was in BP’s implementation of the well, not the overall industry’s handling of the disaster – nor the industry’s chances of a second failure. In fact, the chances of another spill have gone down significantly with the most recent set of safety procedures established by the Department of the Interior. Companies now have the technology to drill safely in deep water, and new measures are in place to contain and control a BP-sized blowout, in the (very) off chance such an incident should happen again. It was BP’s haste in building the well, not the industry’s haste in correcting the problem.
William Reilly, co-chair of the presidential panel tasked with investigating causes of the oil spill, remains impressed with the industry’s ability to respond to the disaster, The Hill reports.
“William Reilly, co-chair of the presidential panel tasked with investigating causes of the BP PLC (BP, BP.LN) oil spill, on Tuesday called the oil and gas industry’s response to the disaster ‘remarkable and reassuring,’” Dow Jones reports.







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