Gulf Oil Spill Could Spur Creation Of New Safety Agency: Investigation Panel

WASHINGTON — The presidential panel investigating the massive Gulf oil spill will likely recommend to President Barack Obama next year new ways for both the federal government and the oil industry to oversee offshore drilling safety.Ex…

WASHINGTON — The presidential panel investigating the massive Gulf oil spill will likely recommend to President Barack Obama next year new ways for both the federal government and the oil industry to oversee offshore drilling safety.

Experts with the presidential oil spill commission on Thursday recommended that oil and gas companies drilling off the U.S. coast set up a safety institute similar to the one the nuclear industry formed after the 1979 Three Mile Island accident. The institute would address lapses that led to the Gulf spill.

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