All Offshore Wells Are Not Created Equal

    Environmentalists and the Obama Administration consider all offshore wells to be equally risky, but it’s important to recognize the relative risk of grossly dissimilar types of wells. Congress is considering a proposal to remove liability limits for all offshore well operators. That provision would effectively limit offshore operations to those companies big enough to self-insure: BP, Shell, ExxonMobil, Chevron, maybe ConocoPhillips, and the foreign national | Read More »

    All Offshore Wells Are Not Created Equal

    Environmentalists and the Obama Administration consider all offshore wells to be equally risky, but it’s important to recognize the relative risk of grossly dissimilar types of wells. Congress is considering a proposal to remove liability limits for all offshore well operators. That provision would effectively limit offshore operations to those companies big enough to self-insure: BP, Shell, ExxonMobil, Chevron, maybe ConocoPhillips, and the foreign national | Read More »