Congress Investigates Gulf Oil Spill

  • One area the investigation will focus on is whether the blowout prevention and emergency shutoff devices had been tested and properly maintained for use at the drilling facility.(Photo courtesy of the US Mineral Management Service)

Next week Congress will hold what’s likely to be the first of many hearings on the drilling rig explosion and oil spill in the Gulf of Mexico. Lester Graham reports this is just the latest Congressional investigation into BP’s operations.

Transcript

Next week Congress will hold what’s likely to be the first of many hearings on the drilling rig explosion and oil spill in the Gulf of Mexico. Lester Graham reports this is just the latest Congressional investigation into BP’s operations.

Congressman Bart Stupak chairs the House Energy and Commerce Subcommittee on Oversight and Investigations. He says you can add this oil spill in the Gulf to several oil spills on Alaska’s North Slope and the refinery explosion that killed 15 people in Texas City in 2005. He says earlier this year he fired off a letter about billions of dollars in budget cuts BP just recently made.

“We wanted to make sure these cuts don’t negatively affect the safety of the workers or the environment. I mean, we put that in writing to them in January. And when I heard about the blow-out and the fire down there and the accident, they didn’t have to tell me the company that was bitten by this. I just figured it was BP.”

Stupak’s subcommittee will be questioning BP officials, the drilling rig operators, TransOcean, and Halliburton which did maintenance work on the rig.

For The Environment Report, I’m Lester Graham.

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How Much Help From Offshore Drilling?

  • Oil is a global commodity, so oil drilled in the US would not have to stay here (Photo courtesy of the Minerals Management Service)

There’s been a lot of talk lately
about drilling for more oil off the American
coasts. Rebecca Williams reports that oil
is not required to go to the US markets:

Transcript

There’s been a lot of talk lately
about drilling for more oil off the American
coasts. Rebecca Williams reports that oil
is not required to go to the US markets:

Oil is a global commodity. Oil drilled in the US would not have to stay
here.

But most of it probably would.

Alan Good is with Morningstar. He analyzes the oil and gas industries.

“It would generally go straight to America because it would incur the lowest
transportation costs to get to the United States refineries.”

But Good says it would be at least a decade before that oil would come
online. And even then it’s not clear how much offshore drilling here would
reduce imports from the Middle East.

“It will help somewhat with imports but it’s not likely to make a huge dent.”

And he says it’ll probably have little effect on the price you pay at the pump
because world demand drives oil prices.

For The Environment Report, I’m Rebecca Williams.

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