National (U.S.)

"Failure of Rig’s Last Line of Defense Tied to Myriad Factors"

The failure of a key device on the blowout preventer was one of many factors leading to the Deepwater Horizon Gulf oil spill. Documents and inquiries have shed light on the chain of events leading up to this failure. A New York Times investigation reveals the chasm between oil-industry assertions about blowout-preventer reliability and the actual facts -- as well as a gap between the Obama administration's efforts to reform drilling regulation and its actual performance.

Source: NYTimes, 06/21/2010

Lawmakers Overseeing Gulf Spill Firms Held Oil, Gas Stock

"Nearly 30 members of the congressional committees overseeing oil and gas companies held personal assets in the industry totaling $9 million to $14.5 million late last year. That included at least $400,000 in the three companies at the heart of the Gulf of Mexico oil-drilling disaster, according to a Washington Post analysis of financial disclosure forms released Wednesday."

Source: Wash Post, 06/18/2010

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