Skip to comments.Offshore-Drilling Overseer Vows Tough Probes of Oil Companies ( But Drilling Ban could end early )
Posted on 08/04/2010 10:29:59 PM PDT by Ernest_at_the_Beach
WASHINGTON (Dow Jones)--The new head of the U.S. Interior Department's offshore-drilling oversight agency vowed to make "aggressive investigations of oil and gas companies" a "hallmark" of the agency going forward.
Michael Bromwich, sworn in less than two months ago as director of the Bureau of Ocean Energy Management, also told reporters Tuesday the Obama administration hopes to be able to end a moratorium on deepwater drilling well before Nov. 30, when it is currently scheduled to expire.
But Bromwich said any recommendations he makes on the ban will depend on what he learns from experts his agency is consulting in a series of public hearings over the next few weeks about the how much the industry's safety and preparedness have improved.
"It is everybody's hope we'll feel comfortable enough that the moratorium can be lifted significantly in advance of Nov. 30," he said. "But I can't say when because I don't have any information yet."
(Excerpt) Read more at online.wsj.com ...
He did get that part right.
Doesn’t matter. Most of the rigs have left or are under contract to leave (obama’s moratorium voided their previous contracts). Ending the moratorium now won’t change much. The economic damage is deep and will be long-lasting.
Of course, most of the electorate, esp those who vote donk, are incapable of understanding these fairly simple realities. That means obama can “lift” the moratorium and then blame the eeeevvviiiillllll oil companies for the long term damage. Sigh.
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