Boring but important
Offshore drilling rules on the chopping block
The Trump administration last week proposed rolling back safety regulations for offshore oil and gas drilling that were put in place after the 2010 Deepwater Horizon rig disaster. The Interior Department proposal relaxes the rules on blowout preventers, which seal off undersea oil and gas wells in an accident, and removes a requirement that inspectors confirm that the amount of pressure that drillers propose to use in a new well is safe. The Deepwater Horizon spill happened after a blowout preventer failed when a section of drill pipe buckled, leading to an explosion that killed 11 people. The Interior Department says the proposal reduces “unnecessary burdens” on the energy industry and will save firms $228 million over 10 years.