Oil Industry Urged to Pay $200 Million for Drilling Oversight
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The U.S. oil industry should pay about $200 million a year to support stricter and more efficient oversight of drilling in the Gulf of Mexico, a member of the National Commission on the BP Deepwater Horizon Oil Spill said.
The funding, which is about 7 cents to 12 cents a barrel of oil produced, would help hire rig inspectors and engineers to review energy companies’ well designs, Donald Boesch, a member of the panel, said today at a hearing of the House Committee on Transportation and Infrastructure.