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New drilling rules costly

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Posted: Sep 30, 2010 6:00 PM by Stephanie Ryan
Updated: Sep 30, 2010 6:11 PM
Source: WBRZ

  Rating: 4.0 (1 vote)

Topics: new, drilling, rules, oil, spill, moratorium

New oil drilling rules released by Secretary of the Interior Ken Salazar may be costly but will prevent another oil spill, according to oil industry experts.

Those rules include tighter regulations on blowout preventers, better employee training, new ways to find and deal with safety hazards.

Most of all, "essentially a lot of practices where people were able to do whatever they thought was the safe thing-- now they're gonna be constrained and required to do what IS the safe thing," said John Johnston III with the Louisiana Geological Survey.

The rules may be valuable but will be costly, according to Don Briggs with the Louisiana Oil and Gas Association. He said most industries do a better job of policing themselves and don't need the restrictions.

"It's gonna be very costly and difficult for our companies to comply," said Briggs.

However, it's jobs against safety.

"It's six of one, a half dozen of the other. Do you want another oil spill, or do you wanna spend a little extra money on safety?" said Johnston.

There is still no word on when the deep water drilling moratorium may be lifted. It could take months for oil companies to comply with the new regulations.

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