Inhofe blocks increased oil spill liability proposal
JIM MYERS World Washington Bureau
Published: 5/18/2010 3:53 PM
Last Modified: 5/18/2010 5:58 PM
WASHINGTON - U.S. Sen. Jim Inhofe blocked Democrats' proposal Tuesday to boost the liability cap on oil spills from the current $75 million to $10 billion.
In objecting to letting the proposal move forward, the Oklahoma Republican warned its current form could actually end up helping big oil companies like BP by giving them exclusive rights to off-shore drilling.
Smaller, independent producers would be shut out, Inhofe said.
He expressed agreement with others that insist the liability cap should be increased, adding, however, he remains unsure at this point exactly what that figure should be.
Read more from this Tulsa World article at http://www.tulsaworld.com/news/article.aspx?subjectid=13&articleid=20100518_1_0_WASHIN171846&rss_lnk=1
Repeatedly ignored or overlooked in the midst of this current crises is the fact that the GOP and specifically Sen Inhofe-R-OK have repeatedly blocked attempts to lift the cap on what will become the most costly clean up in history dwarfing Obamacare and TARP combined.



