Senators on Tuesday tried to get answers from industry executives about the Gulf of Mexico oil spill. Hearings are being held in the Senate Energy and Natural Resources Committee, chaired by Sen. Jeff Bingaman, D-N.M., and the Senate Environment and Public Works Committee.
“At the heart of this disaster are three interrelated systems – a technological system of materials and equipment, a human system of persons who operated the technological system and a regulatory system,” Bingaman said in the opening statements of his hearing. “These interrelated systems failed in a way that many had said was virtually impossible.”
“The industry must change its de-regulatory and self-regulatory attitude,” Udall said during the hearing. “Regulations impose modest costs, but these highly profitable companies can easily afford them. Compared to an oil spill, regulation is a bargain.”