A brief look at what’s happening in the news on the morning of May 12th, 2010.
|By: Seymour Friendly Tuesday May 11, 2010 3:35 pm|
As Obama may be proposing the first real and positive change at the Federal level to address the extraction industry in a very long time, Senator Mary Landrieu (D-Oil) continues to demand more drilling.
|By: David Dayen Tuesday May 11, 2010 7:04 am|
What does the four-million-and-counting gallon leak tell us about the safety of domestic oil production? Why were safety procedures left in the hands of the companies doing the drilling and not the regulators? Why did the Deepwater Horizon not include the emergency shut-off valve that could have averted this disaster? Exactly what is contained in the dispersant stew you’re dropping into the Gulf? What are the chances of, in trying to stop the leak, blowing off the wellhead and causing an even greater gusher?