The price of black gold—who will pay for the Gulf of Mexico spill?
Ominous oil is spreading in the Gulf of Mexico and befouling wildlife and habitat and crippling the local fishing industry, who is to blame? BP’s shares are down but Transocean, the company that owned and operated the rig is also to blame - right? Or is Cameron International responsible because they manufactured the blowout preventer? Many say that this oil spill could be much larger than the 1989 Exxon Valdez oil spill. In 1994 the industry adopted voluntary standards – 16 years and thousands of spilled barrels of oil later what can be done make sure this doesn’t happen again and who is gonna pay for this mess?
Tyler Priest, director of Global Studies in the Bauer College of Business at the University of Houston; member of the Minerals Management Services Scientific Advisory Committee
David Yoskowitz, Endowed Chair for Socio-Economics at the Harte Research Institute for Gulf of Mexico Studies
Petty Officer 1st Class Dave Mosely, spokesman with the Coast Guard at the BP Joint Command Center in Robert, Louisiana