Tuesday, May 25, 2010


Drawing of the Necker cube and impossible cubeIt would be impossible, or perhaps close to impossible, for any energy company that is smaller than the super majors, smaller than the national oil companies, to operate in the OCS. $10 billion in strict liability would preclude their ability to obtain financing, to obtain the bonds or insurance for any exploration.

-- Senator Lisa Kurkowski (R-AK), on the Big Oil Bailout Prevention Liability Act, which aimed to increase the liability cap from $75 million to 10 billion, before the vote that defeated the bill, 20 May 2010

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