Interior agency divided to oversee offshore drilling

Bad news for any conservative that wants a smaller government. The Obama administration announced plans to split up the Interior Department agency that oversees offshore drilling. Confirmed on Twitter, one agency will inspect oil rigs and enforce safety, while the other will oversee leases and royalties. The current agency in charge of all this is the Minerals Management Service. Critics say the MMS having control of these attributes of the industry is a conflict of interest.

No word yet on how many new government jobs it will create, but it sure isn’t going to get rid of any. This move is motivated, obviously, by the oil leak in the Gulf of Mexico. More reforms are expected to be on the way.

British Petroleum attempted to lower a dome over the spill over the past week. The attempt failed. BP will try again, using a smaller dome. Oil execs met on the Hill today in a Congressional hearing. They passed the blame along as angry protestors shouted in the background. The rig was owned and operated by drilling firm Transocean and leased by BP.

The head of BP America told the Senate he believed a safety device called a blowout protector had been modified.

Transocean said there was no reason to believe the blowout protector was at fault. He put the blame on the failure of a cement oil-well casing, built by Halliburton. Plenty of blame to go around, it seems.

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Posted on May 11, 2010, in Energy, Politics & The Economy and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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