Today’s Essential Reads
From water worries to well blowouts, the inherent risks of oil and gas extraction are often played down by those in the business. But another group of profit-seekers has every reason to keep a close eye on dangers for drillers: their insurers.
In today’s On the News segment:Vermont will soon become the first state to ban fracking, total Super PAC spending this election cycle is set to top $100 million, the Senate Judiciary Committee is taking a closer look at the Supreme Court’s Citizens United decision, and more.
BP OIL SPILL:
Officials in Orange Beach are waiting for the results from samples taken of an oil sheen spotted Saturday in Perdido Pass.
In addition to mobilising a supply chain of emergency goods on an unprecedented scale, the BP supply chain team had to contend with opportunistic suppliers in the aftermath of the Deepwater Horizon oil spill of 2010.
Last Nov. 7, something went wrong at a deep-sea oil well operated by Chevron Corp. (CVX) (CVX) 230 miles (370 kilometers) northeast of Rio de Janeiro.
The embargo with Cuba is an obstacle in preventing a possible oil spill from the recent drilling projects started off the coast of the communist country.