Big Oil plans rapid response to future spills

Big Oil plans rapid response to future spills
By CHRIS KAHN (AP) – 46 minutes ago
NEW YORK — Big Oil is trying to assure Washington it’s prepared for the next big oil spill.
ExxonMobil, Chevron Corp., Conoco Phillips and Shell Oil said Wednesday they’ve agreed to pool $1 billion to form a new company that would respond to offshore oil spills at up to 10,000 feet underwater. The system would deploy equipment that could arrive at a spill within days and be fully operational within weeks, the companies said.

http://www.google.com/hostednews/ap/article/ALeqM5iv_bXoDBQnpC27hRWLS5UjBkFYrgD9H3NVDO0

day late and a dollar short…

However, it is still a positive move by the big guys to help offshore get back on track.

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