Major Work Still Needed to Avoid Future Oil Spills

BP OIL SPILL Disaster

Image by The Latest Slub: via Flickr

Overhaul of Oil Industry Urged; Spill Panel’s Co-Chairman Calls for New Approach to Safety to Prevent Disasters, Wall St. Journal, Dec. 8.  The federal agency charged with deep water drilling regulation needs to do more to prevent future big spills. The article noted some forthcoming comments from the co-chair of the presidential commission, as follows:

William K. Reilly, co-chairman of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, also plans to say that BP and two other companies involved with the doomed Macondo well—Halliburton Co. and Transocean Ltd.—made “breathtakingly inept and largely preventable” missteps, according to a copy of his prepared remarks viewed by The Wall Street Journal.

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