Today, the Senate's Energy and Natural Resources Committee held a hearing concerning environmental stewardship policies related to offshore energy production. (Watch the archive Webcast of the hearing).
Two of the witnesses--Shell President Marvin Odum and David Rainey, vice president for Gulf of Mexico exploration at BP America--discussed the oil and gas sector's strong environmental record and said that additional exploration and development was necessary to bring in needed much-needed supplies, reduce U.S. imports, create jobs and generate government revenues.
Advanced offshore technology, such as 3-D seismic surveys, has revolutionized the oil and natural gas exploration process, allowing the industry to have "eyes" underground. This technology improves the industry's ability to locate... more »
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