The Obama administration has released plans to open up the US Atlantic coast to offshore oil drilling for the first time. Drilling in the Atlantic had been banned for decades, but the ban expired in 2008. The Obama administration declined to issue leases in the Atlantic after the ban expired, and clamped down even tighter… Keep reading →
BP is preparing for a legal decision in January regarding the company’s penalty under the Clean Water Act for oil spilled as a result of the Macondo well blowout and tragic Deepwater Horizon accident that occurred in the Gulf of Mexico 2010. BP is seeking to cap the amount of the civil penalty at $12.3… Keep reading →
The United States District Court for the Eastern District of Louisiana found BP was grossly negligent with regard to the accident and its activities in conjunction with the Macondo well in the Gulf of Mexico. BP said it “strongly disagrees” with the finding and will immediately appeal. The number of barrels spilled remains in question and… Keep reading →
Let’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week. First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing… Keep reading →
