Gulf Of Mexico Explosion Commission Will Call for Major Overhaul of Oil Industry

A commission into the Deepwater Horizon explosion in the Gulf of Mexico will address oil and gas industry officials later this week, and is expected to focus on many of the concerns that are also being addressed by maritime lawyers. Representatives of the National Commission on the BP Deepwater Horizon Oil Spill in Offshore Drilling will tell a gathering of oil and gas industry officials this week, that a major overhaul of the system is needed in order to prevent disasters like the Gulf of Mexico oil rig explosion. According to the Wall Street Journal, William K. Reilly, who is the cochairman of the National Commission, plans to ask the oil and gas industry for a "major transformation" in how it handles safety issues in order to avoid another major disaster like the Deepwater Horizon explosion. According to Reilly, he also wants to inform the industry that BP, Halliburton and Transocean – the three companies that have shared much of the blame for the explosion – made highly preventable mistakes, and showed a high degree of ineptitude. Reilly will also call for enhanced training of federal regulators, who he blames because of their failure to oversee offshore drilling before the Deepwater Horizon explosion. Another point that Riley is expected to touch on is the fact that federal regulators have been left far behind in technical competence compared to the oil and gas industry. The comments that Reilly will make to the oil and gas industry officials are important because he's also expected to present a report to Pres. Barack Obama next month. That report is expected to influence future regulations on the oil and gas industry.

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