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Shot -- -- turn our attention back to the massive oil spill in the Gulf of Mexico did BP.
Cover it up oil has been leaking into the gulf now for more than a month and BP is coming under attack.
For allegedly concealing the extent of the spill.
The incident has ignited a debate over offshore drilling joining us on both sides of this issue -- Michael -- environment America oceans advocate and -- -- senior economic advisor for the American Petroleum Institute I want to start with you.
Let's start with Michael.
This issue that's going on in the golf the key is let's stop this sleek.
But even further.
Can we stop offshore deep sea drilling don't we as a country needed just.
Even in the short term for economic as well as energy sufficiency instability.
Well I'd say this is really an unprecedented catastrophe that's going on on the golf and it's not just because they're dealing drilling in deep water on.
As a business that is dirty and dangerous as we've seen to have people and the environment I mean.
Now the marshes of Louisiana are now getting Carter with a -- Gooey oil and that will.
-- the nurseries for fish and crabs and shrimp and things like that.
Yes we need oil and and this country.
I needs to have a transition plan to reduce substantially the oil that it uses -- -- two oil dependent.
And what are things that help will be able to discusses how we get off of oil in the future I'm.
As to whether BP has really been hiding the amount of oil that spelling.
I'll leave that to the American people.
It's clear that and their estimates -- the government's estimates for that matter -- -- low.
But I don't think that's really the the real question here I mean we've we've got an assembled these -- -- probably every ten or eleven days it's been going on for a month.
Understood -- let's bring you in on this and I was down at the oil spill -- it's heartbreaking when you look.
At what this is going to -- through our natural resource is off the Louisiana coast.
On the other hand.
You know there is a balancing act we have to take some -- don't we -- for our energy security I mean we're at the whim.
But other countries if we don't.
Well absolutely the Gulf of Mexico gives -- 30% of the oil that we consume in the United States.
And the deep waters 70% of bats and moving forward we're going to need more supplies so we absolutely have to keep.
Developing these supplies at the same time recognize that to.
We have had up and -- this spell an excellent record in the Gulf of Mexico since 1947.
11 thousands of 1% of the amount of oil produced was actually spelled.
This is much better than an actual seats in the ocean floor.
The technology is great this is an unprecedented.
We -- gonna find out what happened we're gonna do what ever it takes to fix it but we're not gonna back away from exploration development -- Although I don't mean we need it for our -- second I don't -- -- -- going to pick on him but you're -- the question I have is in 1989 we had the Exxon Valdez spill.
They promise then this can never happen again we can prevent this were twenty years down the road I don't know all the technology I know -- sophisticated.
But why has all the technology seemingly gone into pulling the whale out of the ground.
Rather than something in order to prevent this sort of a tragedy from happening get it seemed like there was no escape plan.
For an event like this why they.
What why not well.
Actually you what you are seeing that plan in action right now in terms of response.
Earlier 20000 people.
Trying to clean up this bill there's over a thousand vessels this is an extraordinary event.
And we don't know the full cause yet but we're -- to find out what happened the president has put together commission.
And much like the space challenger commission.
We didn't back away from space travel we're not gonna back away from producing oil for our country we're just not we can't afford to take this -- -- the.
-- -- -- -- That might lead like it was fun about Michael confused by that because I'm also -- the response by the federal government or the oil industry.
Has been up department we were down there and it was very slow -- into gear.
Sure let's get a couple facts straight the Gulf of Mexico produces a quarter to 30% of the bet that of the domestic oil that we produced in the contract that means.
That that the golf is producing about 10% of the oil we -- -- 500 rating in operation right now.
Thank you and is -- to produce far into the future -- -- -- -- finish.
-- I don't think we should be drilling in places where we can't clean up spills or prevent them adequately that just makes no sense but the real message of this bill aside from the human tragedy.
Aside from the huge economic costs that the people on the call for.
-- burdened by remember there are thousands and thousands of fishermen who can't fish today.
There are seafood processors are close down their hotels are getting cancellations.
This says is having a huge economic impact on the Gulf of Mexico.
And it's having a huge environmental impacts -- Rick what I'd say is the message of this bill is not so much about whether we should drill in shallow water deep water whether technology is good or whether there's a presidential commission.
It's what our future's gonna be we have to get off oil we have.
Lieutenant -- we can't get off oil in one year it's just not feasible and that's good and if you try to go to that earlier people go crazy if you bring up building nuclear power plants.
Real sure but what we can't compare what -- can do.
Can can I speak yet.
That there there is no magical fuel -- -- -- -- and that is going to replace our need for oil for decades to come it does not exist.
We're going to have over -- 300% increase in ethanol -- feels over the next twenty years.
That -- this -- twelve to 15%.
Of our transportation needs we need this oil we have a choice.
We can walk away from it or not now we have to do all of -- that we do have to develop.
Other we sources and we -- to diversify our sources of supply but this nation cannot afford to turn its back and its oil guess we might.
Responded in any untoward happened question for yeah she sure.
Knew Michael you -- you respond.
Yes well this is an industry that wants to drill everywhere and and I don't believe we should be spreading this kind of catastrophe to other coast like the south Atlantic.
Imagine if this bill it happened off from Cape Hatteras or the Georgia sea islands or off the Atlantic coast of Florida.
So what I'd say is of course I agree with you we can't get off -- immediately but we need a plan.
We have lots of ideas there -- lots of ways to reduce our oil consumption the president this afternoon just announced a plan to increase the mileage of heavy trucks.
By a lot and it and promised to continue working on.
-- truck -- -- standards support for light.
For like cars -- -- Roughly thirty -- and I want dots indicate got a question for -- I don't even have a question and I'm I'm a bit more myopic than the two of you I'm just wondering.
Why if we have the technology to build these gigantic rigs.
Why don't we have the technology to prevent this type of event from happening again it seems fairly simple -- -- first.
We Carlos we felt we had it might we thought we had it like we had redundant systems in place we thought we had elect.
This is next story -- event and everybody in this industry and you know aren't our nation tour really wants to know.
What -- and absolutely is because we -- redundant systems in place very elegant fountain art that is out -- they'll find out Michael the last hour.
It seems like -- redundant system that network to me Michael.
The answer is we had a keystone cop agency of the minerals management stimulus regulating thank you -- very powerful industry that was getting its way and we had an Abbott & Costello routine on the -- -- why we're at where the managers were arguing about.
Whether we should you know plug this well or not put this far how to -- this -- safely.
There are lots of -- in the Gulf of Mexico every year.
And the answer is we need to get off of oil and moved to clean and renewable sources of fuels and a lot like -- Gotta stop you there Michael Kravitz thank you very much rail at Newark thank you very much -- -- one thing on which we can all agree is we have to transition.
We can't do it immediately.
It's a catastrophe in the gulf and and nobody wants to see Louisiana shoreline -- the fishing industry hurt the -- thing.
Why did it take a week to figure out the pro golf balls -- old tires down -- -- that's a month on that yeah.
On the plug and what's your point it's not a short line either Adam you've been down there and that's the tragedy that I I lived and it's a bond he march but it's -- -- twice and it.
Let -- well that's what it's going to be ten times more difficult to clean up and if it was a -- shoreline it's -- so it's absolutely tragic okay.
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