Analysts believe that the long term or the threat of oil supply

Barack Obama on the 13th U.S. President ask Congress for 90 million U.S. dollars for oil and gas industry regulatory reform. Following the Gulf of Mexico oil spill accidents and the recent California natural gas pipeline explosion, the U.S. oil and natural gas have tight security on the nerve. Some analysts believe that in the long run the United States and other deep-sea oil drilling ban, including a series of regulatory tightening measures may have some threat to the world’s oil supply.

Serious accidents led regulators to tighten

Handling of the Gulf of Mexico oil spill not turn in a satisfactory responses, the outskirts of San Francisco, California 9, another high-pressure natural gas pipeline explosion. According to the Associated Press reported that the U.S. is currently faced with thousands of natural gas pipeline explosion caused by aging or leaking dangerous. As the Government will, under the inspection and maintenance responsibility to send to the company, the company is unwilling to spend too much cost, thus leading to a lot of pipeline fell into disrepair.

In this context, Obama 13, asked Congress to grant 90 million U.S. dollars for oil and gas industry regulatory reform.

According to Agence France-Presse reported, Obama said in the Monday letter to Congress, more than 9000 million part of the funding will come from the offshore oil and gas inspection fees doubled, while the rest of the budget and offset by other applications for more Regional oil and gas regulatory fees.

Fiscal year 2011 budget proposal, according to the amendment shows that Obama wants to be able to test charge from the 20 million U.S. dollars each year increased to 45 million U.S. dollars, an increase of fees will be used to enhance the operation of offshore oil and gas project supervision. The cost of the change will not affect the overall budget, but can make up for the shortage mining tax revenue, help the restructuring of the marine energy management monitoring and enforcement agencies.

In addition, Obama also called on Congress to provide additional 9 million U.S. dollars for oil pollution prevention strategy for deep oil and gas research fund.

Oil companies will take on more responsibility

Gulf of Mexico oil spill incident, drove cusp of BP, because treatment is difficult to estimate the cost, once caused the world a bankruptcy speculation. At present, 87 days after the spill, oil spill point has been blocked, but still work for permanent closure. BP 13, said bad weather on hold a month-long relief well drilling has been restored, there are still 50 feet to be completed.

13 Citigroup said in a report, British Petroleum will be on October 1 Dade office of the CEO said, due to leakage points have been blocked, leakage losses of uncertainty is reduced, BP formed 20 billion U.S. dollars an independent compensation fund is likely to exceed the amount of the claim and reiterated oil spill related expenditures are projected 32 billion U.S. dollars, including oil spill clean-up and other expenses.

8 British Petroleum announced an internal investigation report of the Gulf of Mexico oil spill, oil spills system emphasizes multi-failure, after Fitch raised its rating on third gear to the “A”. But the report is considered a suspect evade responsibility, soon attracted the U.S. oil contractors and politicians unhappy.

Some analysts believe that the U.S. seize the relevant departments are currently investigating the reasons for the Gulf of Mexico oil spills and Responsibility, BP still faces loss of license may be operating in the United States should properly handle the next treatment and compensation matters. With the U.S. offshore oil and gas regulation to tighten the oil companies will face more security responsibilities.

Cause oil supply worries

Oil and gas safety impact on the market has become increasingly obvious. Pipeline by the United States continue to close and so important to promote the New York Mercantile Exchange, light crude oil for delivery in October 13 in intraday futures prices topped 78 dollars a barrel to close at 77.19 U.S. dollars a barrel.

U.S. offshore oil and gas regulatory tightening also raises concerns about future oil supplies. Some analysts believe, including deep-sea oil drilling ban, including the Jianguan tightening may lead to offshore oil production decline, although the short term will not immediately reduce global oil supply, but in the long run its effects still can not be ignored.

The United States in April issued the ban will be extended to the deep-sea oil on November 30 this year, aimed at forcing oil companies to fully carry out security responsibilities, the Gulf of Mexico oil spill to prevent similar tragedies from happening again. According to Agence France-Presse reported that Royal Dutch Shell CEO Beaucert 13, said that as the oil production region of Saudi Arabia is high, the current U.S. ban on deep-sea oil impact on global oil production has not yet appeared, but once the ban to be extended, by the The cause of the decline in oil production may be from 2015 to 2020 between the threat to global oil supplies, to the use of natural gas may need to make up the shortfall.

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