Wednesday, 04 August 2010 11:43

Bromwich Hearings In New Orleans: Focus On Oil Companies $1B Well Spill Protection

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Top experts from Chevron, ExxoMobil, Shell and ConocoPhillips presented their plans for a $1billion oil well blowout containment system which will reach full capacity in 18 months.  ExxonMobil is taking the lead in this effort.
In presenting their plans, the oil companies appeared at a public hearing focusing upon the oil moratorium being held at Tulane University in New Orleans.
Presiding over the hearing is Michael Bromwich, the director of the new federal Bureau of Ocean Energy Management, Regulation and Enforcement.  
The moratorium has taken special focus as Congress over the past days have attempted to squarely deal with the action by the Obama administration.  The US House of Representatives passed a bill which, in part, was intented was to stop the moratorium.  However,  there has been political wrangling over an amendment filed by Louisiana Congressman Charlie Melancon who is running against Louisiana US Senator David Vitter.  Melancon claims his bill stops the moratorium while Vitter claims the amendment actually codifies the moratorium.
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