Interesting cover story on my WSJ (Europe edition!) this morning. It seems that Exxon, Chevron, Royal Dutch Shell and ConocoPhillips are each putting $1B into a pot to create a quick-notice disaster reponse team for offshore drilling. It would consist of the various startegies that seem to have helped in response to the Deepwater Horizon spill (skimmers, floating refining ships, etc).
If they can prove this as a viable resource, it might make offshore dirlling more politically popular, and possibly even more effective. Seems to make alot of sense as $1B is a pittance compared to the revenue stream they would lose in the event of a more long-term (and not very well thought out, in my opinion) moratorium on offshore drilling.
Full article here
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