rssOil Industry Pleased With Spill Bill Delay
Tuesday, August 03, 2010 at 4:50 pm
- 5 Comments
The oil industry praised the decision by Senate Majority Leader Harry Reid (D-Nev.) to punt on his oil spill and energy bill until after the August recess, arguing that the legislation is “not an effective or reasoned response to the spill.”
For more on the delay, see my story.
In a statement, American Petroleum Institute President Jack Gerard said:
Among the legislation’s shortcoming is the elimination of the cap on oil spill liability. Unlimited liability for spill damages would force most oil and natural gas companies out of the Gulf of Mexico because they would be unable to purchase insurance. This would put thousands of American jobs at risk and reduce the energy supplies we get from the Gulf.
Follow Andrew Restuccia on Twitter
5 Comments
Pingback posted August 3, 2010 @ 5:05 pm
[...] This post was mentioned on Twitter by Andrew Restuccia, WashIndependent. WashIndependent said: Oil Industry Pleased With Spill Bill Delay – http://bit.ly/c8IGyN [...]
Pingback posted August 3, 2010 @ 5:40 pm
[...] View full post on The Washington Independent [...]
Pingback posted August 3, 2010 @ 9:50 pm
[...] Read more here « House Ethics Committee announces charges against Maxine Waters BP starts ‘static kill’ to snuff oil well – USA Today » [...]
Pingback posted August 4, 2010 @ 12:04 pm
[...] Oil Industry Pleased With Spill Bill Delay “The oil industry praised the decision by Senate Majority Leader Harry Reid (D-Nev.) to punt on his oil spill and energy bill until after the August recess, arguing that the legislation is “not an effective or reasoned response to the spill.” [...]
Pingback posted August 5, 2010 @ 5:11 pm
[...] Harry Reid DNev. to punt on his oil spill and energy bill until after the August recess arguing that the legislation is not an effective or reasoned response to the [...]
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
