Taxpayers shouldn’t pay for oil spill clean-up

By Ben LiebermanAmerica’s most serious offshore oil spill in 20 years is currently unfolding in the Gulf of Mexico, and massive cleanup efforts are underway to cap the leak and contain the oil. This comes at a time when Washington had been considering expanding domestic oil production, including the Gulf and other offshore areas.For the most part, President Obama’s initial response has been sensible, calling for a freeze on any plans to allow new leasing while not interfering with ongoing energy production contracts or calling for permanent policy changes before the facts are in. No doubt, this spill can and should [...]

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|2012-09-16T22:33:25-04:00May 12th, 2010|Comments Off on Taxpayers shouldn’t pay for oil spill clean-up

Oil drilling minimizes natural oil leaks

By Nicolas LorisThere’s a plan out there that will create jobs, collect revenue for state and federal governments and improve the environment. And it won’t come at any cost to the taxpayer but if the administration doesn’t act, it will be a net drain on the economy. 1.) What is it? 2.) Why haven’t Congress and the administration acted? The answers are increased oil and natural gas production in the United States and we have no idea.The costs of the ban: A new study commissioned by the National Association of Regulatory Utility Commissioners (NARUC) details the social, economic and environmental effects [...]

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|2010-05-12T09:22:35-04:00May 12th, 2010|Comments Off on Oil drilling minimizes natural oil leaks

Lessons from the Gulf blowout

Transocean’s semi-submersible drilling vessel Deepwater Horizon was finishing work on a wellbore that had found oil 18,000 feet beneath the seafloor, in mile-deep water fifty miles off the Louisiana coast. Supervisors in the control cabin overlooking the drilling operations area were directing routine procedures to cement, plug and seal the borehole, replace heavy drilling fluids with seawater and extract the drill stem and bit through the riser (outer containment pipe) that connected the vessel to the blowout preventer (BOP) on the seafloor.Suddenly, a thump and hiss were followed by a towering eruption of seawater, drilling mud, cement, oil and natural gas. [...]

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|2010-05-07T00:00:00-04:00May 7th, 2010|Comments Off on Lessons from the Gulf blowout
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