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The Washington Independent

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,

Tom Mohamed
News
Last updated: Jul 31, 2020 | Aug 04, 2010

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.

Tom Mohamed | I understand and respect the confidence my clients put in me as a Colorado native and seasoned real estate professional, and I strive to meet their standards every day. For over 11 years, I have been a top producer. Prior to joining the real estate industry, I served in the US Army Infantry, including several tours in Iraq and Kuwait. These experiences taught me the discipline needed to create Colorado's most powerful real estate team.

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