Oil spill panel urges drilling shakeup

The Department of the Interior should strengthen its safety and pollution-prevention standards, according to the final report released Tuesday by the Presidential commission investigating the Deepwater Horizon Gulf rig disaster.

The report by the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling also called for the need for a "new, independent agency" within the Department of the Interior to regulate the offshore oil and gas industry, and calls for the U.S. oil and gas industry to cooperate internationally to promote common safety standards around the world.

What's more, the commission recommended that Congress and Interior officials should require the oil and gas industry to pay fees that support scientific and regulatory reviews related to Gulf exploration and production.

The Department of the Interior should also form a "rigorous, transparent, and meaningful oil spill risk analysis and planning process" in case of another spill like Deepwater Horizon's.

Read more in the Houston Business Journal.

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