Exxon has decided to make a deal with Russia to explore for oil. Lisa Margonelli, director of the Energy Policy Initiative at the New America Foundation, thinks this is an important deal because it shows a significant shift from natural gas back to oil.
To mark the one year anniversary of the Deepwater Horizon explosion, two of our regular contributors reflect on what the future looks like one year later. Lisa Margonelli of the New America Foundation and David Biello of Scientific American join us.
Top executives from BP, Transocean and Halliburton ? the three companies involved in the massive oil spill in the Gulf Coast ? testified on Capitol Hill yesterday, pointing fingers at each other and deflecting blame from their own firms.
Energy reforms are on the minds of politicians following the collapse of the Deepwater Horizons oil rig. Historically, regulatory and environmental laws follow disasters, and regulatory changes, from equipment upgrades to increasing legal liability, are already on the table.
President Obama unveiled plans to expand offshore oil and natural gas drilling yesterday. If implemented, the move is expected to decrease the country's dependency on foreign fuels, please oil companies and Republicans, but anger environmental groups.