Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Lawmakers Squabble Over Gulf Drilling

WASHINGTON, Oct. 14 (UPI) — Penalties charged to oil companies working in the United States are minor compared with what their budgets can handle, a U.S. official said in Washington.

Officials testified before the House Committee on Natural Resources on the investigation into last year’s oil spill in the Gulf of Mexico.

U.S. Rep. Ed Markey, D-Mass., the ranking Democrat on the House energy committee, testified that penalties for oil spills should be higher so energy companies get the message.

He testified that, at the most, British energy company BP is facing a $21 million penalty for its role in the gulf disaster last year. BP, meanwhile, is on pace to make around $25 billion this year, he said.

“That fine obviously does not even begin to approach the amount needed to be a deterrent against a repeat of this tragedy,” he said. “That fine is nothing more than a slap on the wrist.”

Markey added that his Republican counterparts were dragging their feet on getting new legislation passed in the wake of the gulf disaster. Furthermore, he complained, he wasn’t notified of several key aspects of the latest hearing until just days before it convened.

U.S. Rep. Doc Hastings, R-Wash., chairman of the committee, complained the U.S. economy would suffer unless energy companies were given more leeway in the gulf, however.

The national economy and national security are at stake, he said. “We must move forward with offshore energy production in a safe, timely and efficient manner.”

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Lawmakers Squabble Over Gulf Drilling”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.