API executive vice president Marty Durbin had a good op/ed in the Houston Chronicle over the weekend. After looking at the oil industry's significant safety enhances since the tragic Macondo well accident last spring, Durbin looks forward:
"...The moratorium on deep-water drilling technically ended last October. Yet not a single deep-water drilling permit has been issued since. Some deep-water rigs are leaving the Gulf. We've been told by the Interior Department that permitting may never get back to the levels before the accident. We've also learned that 2011 may see no new offshore leasing, and the department is scaling back its next five-year offshore leasing plan.
Thousands of jobs have disappeared already. Revenue and energy production will be increasingly affected. The Energy Depar... more »