I hate to say nice things about lawyers :), but the Commission attorneys handled the two days of hearings very effectively. The outstanding staff preparation and support were quite obvious.
BOE has have long advocated more industry leadership on guiding principles, incident data gathering and verification, risk assessment, peer-audits, standards improvements, cooperative research, and failure data for critical equipment. In that regard, we are pleased that Chairmen Reilly and Graham, the other Commissioners, and the industry and government witnesses commented positively on some of these important programs.
We need to effectively manage the safety and environmental risks associated with offshore exploration and production, because we can’t afford the economic and security risks associated with a diminished offshore oil and gas program. BOE advocates conservation and renewables, but projections by IEA and other leading energy forecasters make it clear that oil and gas will continue to be an important part of our energy mix for decades.