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Trump to bring back DeepWater Horizon disaster

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Trump to bring back DeepWater Horizon disaster
« on: Dec 29, 2017, 05:41:43 am »
 

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In Bid to Save Big Oil $900 Million, Trump Moves to Scrap Offshore Drilling Safety Rules
http://www.commondreams.org/news/2017/12/26/bid-save-big-oil-900m-trump-moves-scrap-offshore-drilling-safety-rules





'The oil and gas industry is poised to save hundreds of millions of dollars over the next decade thanks to a rollback of offshore drilling safety regulations that have been proposed by the Trump administration—including the elimination of the word “safe” from one rule.

The rules in question were put in place following the Deepwater Horizon explosion in 2010, which killed 11 people, injured 16, and caused the worst oil spill in U.S. history.

Siding with the fossil fuel industry, which has complained safety regulations are overly broad, the Bureau of Safety and Environmental Enforcement (BSEE) has proposed scrapping or changing some major requirements, according to the Wall Street Journal. The rules to be changed include one that orders companies to take steps to prevent oil-well blowouts, part of what caused British Petroleum’s (BP) Deepwater Horizon disaster.

The BSEE argued that the word “safe” should be taken out of the rule, to stop regulators from “interpreting the term in a way to withhold certain drilling permits.”

The bureau also proposed eliminating a rule that requires a third party to inspect drilling equipment, like the blowout preventor which failed just before the BP explosion.

The rollback “is literally going back to business as usual,” a former federal official told the Journal, which obtained the BSEE’s proposal.'



Read More : In Bid to Save Big Oil $900 Million, Trump Moves to Scrap Offshore Drilling Safety Rules



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Re: Trump to bring back DeepWater Horizon disaster
« Reply #1 on: Jan 05, 2018, 06:30:11 am »
 

EvadingGrid

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Daily Telegraph

Donald Trump overturns Obama bans on drilling as he moves to vastly expand US offshore oil

http://www.telegraph.co.uk/news/2018/01/04/donald-trump-overturns-obama-bans-drilling-moves-vastly-expand/




'Donald Trump's administration has announced plans to vastly expand oil and gas drilling in nearly all US coastal waters, reversing protections in the Arctic, Atlantic and Pacific.

Environmentalists, and some Republicans, sharply criticised the move which is part of Mr Trump's "American Energy Dominance" plan.

It would be the most expansive US offshore drilling proposal in decades, including opening up federal waters off the California coast for the first time in more than 30 years.

The US Interior Department said the proposal called for 47 lease sales over five years, a radical increase from the level allowed under President Barack Obama.

Weeks before leaving office Mr Obama had banned new oil and gas drilling in federal waters in the Atlantic and Arctic oceans, protecting 115 million acres of waters off Alaska and 3.8 million acres in the Atlantic.

Interior Secretary Ryan Zinke said the new five-year plan would make over 90 per cent of the outer continental shelf’s total acreage available for leasing.'

Read more: Donald Trump overturns Obama bans on drilling as he moves to vastly expand US offshore oil




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Re: Trump to bring back DeepWater Horizon disaster
« Reply #2 on: Jan 05, 2018, 02:54:54 pm »
 

poseidonlost

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I don't see this as good for oil companies. More offshore platforms = more supply and less income. $900 million? Who came up with that? And if it's spread across all oil companies, that's just about nothing at all. If they loosen up their own regulations enough and screw up as bad as they did back in 2010, they're going to have to pay big time like BP did and I think people would be screaming for their heads a second time around.

*Sigh* and the headlines just yesterday were excited about rising oil prices... gah

Aside from another blowout the size of 2010, this would be good for the country as a whole. Not good for my area's economics though.  :-\



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Re: Trump to bring back DeepWater Horizon disaster
« Reply #3 on: Jan 05, 2018, 04:31:12 pm »
 

EvadingGrid

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I think you are dead on target pointing out the low price caused by over production.



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