Tuesday, June 01, 2010

Obama to Meet with ConocoPhillips Board Member on Oil Spill

The Associated Press noted:

President Barack Obama plans to hold his first meeting with the co-chairmen of an independent commission investigating the catastrophic oil spill in the Gulf of Mexico.

One co-chair is William Reilly, board member for ConocoPhillips and co-chair of the National Commission on Energy Policy.

The independent commission's inquiry will range from the causes of the spill to the safety of offshore oil drilling and the functioning of government agencies that oversee drilling.

ConocoPhillips has a joint venture with BP in the Gulf of Mexico's massive Tiber field. One might expect the AP to find oily connections, but journalism is having a hard time. I found BP's judge shopping in the Petroleum Club weeks before McClatchy. It's a good thing bloggers are around to help.

Update: The AP called BP "part owner of the blown well." BP is the operator of the leaking well. Other firms cited in the article, Transocean, Halliburton and Cameron, sold products or services to BP.

Correction: While the AP got the part owners wrong, they are correct in their statement. Anadarko is a 25% owner of the blown well, BP has 65%. Japan’s Mitsui & Co. has a 10 percent stake.

No comments: