Jason Barton

Professional Information and Energy News

Shell CEO: Policy Impact Of Gulf Spill Yet To Be Seen

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It’s interesting to watch this debate unfold. Yes, I prefer to focus on the debate, rather than the potentially devastating ecological impacts of the spill itself. There’s enough bad news in the world.

When we see a car accident we don’t generally have the reaction that we shouldn’t drive cars anymore. We usually don’t even say we should drive less. If the driver wasn’t wearing a seatbelt, or had been drinking or driving recklessly, we’ll be reminded that those behaviors are irresponsible and we can learn from that.

Similarly, with literally thousands of off-shore oil rigs in operation, few of them creating significant ecological problems, hopefully we can focus the debate on these extremely deep water wells, and can ensure that the technology is in place to avoid spills like this in the future. If that technology isn’t available, then these deep water rigs are not worth the risks they pose.

MAY 4, 2010, 6:53 A.M. ET

   By Max Lin

SINGAPORE (Dow Jones)–The recent massive oil spill following an explosion that destroyed a deepwater oil rig in the Gulf of Mexico represents a pivotal moment for the entire oil industry, but it is too early to say whether it will have any impact on future U.S. policy, Royal Dutch Shell PLC (RDSB.LN) Chief Executive Peter Voser said Tuesday

Read the entire article here.

Written by Jason

May 4th, 2010 at 6:12 am