The U.S. risks a repeat of the 2010 Macondo oil spill as its “wildcat culture” fails to put a premium on safety and security, the co-chairman of the National Commission on the BP Deepwater Horizon Oil Spill said.
The length of a U.S. moratorium on deep-water oil drilling will be decided by the Interior Department, not the presidential commission investigating the BP Plc spill in the Gulf of Mexico, the panel’s co-chairman said.
Offshore drilling is safer than prior to the BP Plc spill in 2010 even though the U.S. Congress has failed to pass legislation tightening rules, according to members of a government panel that investigated the accident.
The partisan split on the federal panel exploring the origins of the financial crisis may undermine the impact of its findings on the banks, bond-rating firms and regulators it investigated, legal scholars and former national commission members said.
Republicans and Democrats are planning to sit together during President Barack Obama ’s State of the Union address tomorrow night. That might minimize the raucous high school-like cheering sections that have come to mark these sessions.
Only “urgent reform” of government rules and oil industry practices can prevent future disasters similar to BP Plc ’s oil spill, the presidential panel investigating the accident said in its final report.
President Barack Obama ’s commission investigating BP Plc ’s Gulf of Mexico oil spill hired Fred Bartlit , the lawyer who represented former President George W. Bush in the 2000 election dispute, as lead counsel, according to a person with knowledge of the decision.