A Decade of Oil: From Deepwater Horizon to Deflation

Published: June 5, 2020, 5 a.m.

b"America's latest oil boom began with a bang, literally, on Earth Day, 2010. That\\u2019s when an offshore oil rig owned by BP exploded, killing eleven workers and spilling nearly five million barrels of oil into the Gulf of Mexico. John Hofmeister, co-founder of Citizens for Affordable Energy, was in Washington D.C. at the time.\\n\\u201cWe simply have to get what are called negative emissions. The oil and gas industry, I think, is supremely qualified to have the scale, to have the engineers, to have this expertise, to undertake problems like that.\\u201d But can this tiger change its stripes? Heather Richards, who follows the oil industry for Energy & Environment News, is not so sure.\\n\\u201cEven though [the oil and gas business] has expertise, I don't think it's necessarily quite as easy to shift this industry,\\u201d she says. \\u201cIt's difficult I think from this seat to say with great confidence \\u2018we\\u2019re just gonna move into the offshore wind, we\\u2019ll just do that.\\u2019\\u201d\\nVisit climateone.org/watch-and-listen/podcasts for more information on today's episode.\\nGuests: \\n John Hofmeister, Former President, Shell Oil Company; Founder and Chief Executive, Citizens for Affordable Energy \\n William K. Reilly, Former U.S. EPA Administrator; Co-Chair, National Commission on the BP Deepwater Horizon Oil Spill \\n Heather Richards, Energy Reporter, Energy & Environment News\\nThis program was recorded via video on May 19, 2020.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"