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Economy
Smaller Oil Firms Might Exit Gulf, Browner Says
2010-07-03
The White House's top energy adviser acknowledged that smaller oil firms might no longer be able to drill in the Gulf of Mexico as a result of legislation moving through Congress that would eliminate the cap on their liability for oil spills.

"Maybe this is a sector where you really need large companies who can donate large bribes campaign contributions bring to bear the expertise and who have the wherewithal to cover the political expense if something goes wrong," Carol Browner, special adviser to President Barack Obama on energy and climate change, said in an interview. Eliminating the $75 million cap on liability for oil spills "will mean that you only have large companies in this sector," she said.

On other topics, Ms. Browner said the Obama administration would be happy with a scaled-back energy bill this year "just to get started."
$4/gal gas now, $7/gal gas later.
She said the administration is mindful of the effects of a deepwater-drilling moratorium and wants "to get people back to work," by immediately throwing them and their suppliers into the unemployment line but wants first to understand what caused the BP PLC oil spill in the Gulf of Mexico.
Posted by:ed

#4  First Oshit forces the oil workers off their jobs, then he wonders why Unemployment rises?

Second they're refused to go back so they look for work elsewhere and Oshit is all upset
that there's nobody Qualified to fix the leak.

Notice a pattern here?
Posted by: Redneck Jim   2010-07-03 12:10  

#3  That was in response to this btw:

She said the administration is mindful of the effects of a deepwater-drilling moratorium and wants "to get people back to work," by immediately throwing them and their suppliers into the unemployment line but wants first to understand what caused the BP PLC oil spill in the Gulf of Mexico.

It also occurs to me that the whole "need to understand what caused the spill" bit would carry a little more weight if any of their commissions had someone who had ever worked in the oil industry.
Posted by: Thing From Snowy Mountain   2010-07-03 10:00  

#2  I know it's the first blowout of this magnitude in the gulf in about twenty years... but there's lots of people who can explain most of the contributing factors to the spill, from a damaged Ram BOP BP didn't replace, to a damaged Annular BOP BP didn't replace, to BP's decision to ignore Halliburton's best practices re: the cementing job, to BP's decision to ignore Schlumberger's best practices re: the casing... it's not like there's new physics happening down hole, and the blowout was caused by the &&^# higgs particle...
Posted by: Thing From Snowy Mountain   2010-07-03 08:25  

#1  by immediately throwing them and their suppliers into the unemployment line
Fixed.
Posted by: ed   2010-07-03 02:34  

00:00