Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling: Report to the President, January 2011

Download or read book Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling: Report to the President, January 2011 written by National Commission on the BP Deepwater Horizon Oil Spill and Offshore Dril and published by Government Printing Office. This book was released on 2011-05-24 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 20, 2010, the Macondo well blew out, costing the lives of 11 men, and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled nearly 5 million barrels of crude oil into the Gulf of Mexico. The spill disrupted an entire region’s economy, damaged fisheries and critical habitats, and brought vividly to light the risks of deepwater drilling for oil and gas—the latest frontier in the national energy supply. Soon after, President Barack Obama appointed a seven-member Commission to investigate the disaster, analyze its causes and effects, and recommend the actions necessary to minimize such risks in the future. The Commission’s report offers the American public and policymakers alike the fullest account available of what happened in the Gulf and why, and proposes actions—changes in company behavior, reform of government oversight, and investments in research and technology—required as industry moves forward to meet the nation’s energy needs.