HomeMagazine2016March 2016, Vol. 243, No. 3Drillers: Oil Well Rules Dire for Business; Others Disagree

March 2016, Vol. 243, No. 3

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Drillers: Oil Well Rules Dire for Business; Others Disagree

NEW ORLEANS (AP) — An industry-funded study warns of dire consequences if pending rules to prevent another catastrophic oil spill in the Gulf of Mexico go into effect, but critics questioned that claim. The dire economic analysis was done by Wood Mackenzie, a business research firm, and commissioned by the Gulf Economic Survival Team, a Louisiana-based industry group. The study was released Monday. Drilling companies and their supporters in Congress have blasted the safe-drilling regulations, known as the “well control rules.” They’re an outgrowth of BP’s catastrophic oil spill in 2010, which spewed millions of gallons of oil into the Gulf. Supporters say the rules

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