By: Editor

The companies are responding in a correct way, redesign, reinvest andcorrect the problems experienced in this situation.  The loss of 100,000 jobs by the moratorium is a poor response.  We must begin to solve problems in a way that continues to produce jobs.

Thirty years ago the government decided to kill expansion in nuclear energy in response to a problem in which the nuclear plant shut down properly to avoid a meltdown. The jobs have never come back.  We cannot have a government that responds by killing jobs.  We need a government that will help alleviate poor designs and make sure American jobs survive.

An oil and natural gas industry consortium to design, build and operate an “oil spill rapid-response system” to contain oil flow in the event of a potential future underwater blowout.  You likely read about it in the papers last week:   

http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704684604575381422950478384.html and http://www.nytimes.com/2010/07/22/business/energy-environment/22response.html.

The industry consortium expects the new containment system to handle up to 100,000 barrels of oil a day in  10,000 feet of water (this exceeds Macando).