Impacts of the Gulf Oil Spill Series

Implications of the Deepwater Horizon Accident and the Catastrophic Oil Spill

The April 20, 2010, explosion of the Deepwater Horizon offshore drilling rig and the resulting oil spill have clearly altered the landscape with respect to regulation and operations in the Gulf and turned the spotlight on the regulatory process that governs offshore development. Decisions that impact the pace of development could significantly affect the level of future domestic production, the amount of oil that will be imported to offset such losses, and ultimately the price of oil.  In addition, offshore development is a key factor in the economy of the Gulf of Mexico region and decisions that influence the pace of offshore development will consequently impact jobs and incomes in this region.

In order to better inform the ongoing public debate, CSIS has developed a multi-part, forward-looking program to provide a deeper and clearer understanding of various aspects of the issues that the Gulf Oil Spill has brought to light. Developing well-reasoned policies going forward will need to be based on a deeper understanding of the complex interconnections between exploration, risk, regulatory environments, and economic consequences. 

In an effort to build a wider understanding within the policy-making community and the public about these issues, the project will:

  • Host public sessions with industry, government and other experts on the key topics in an effort to build a wider understanding within the policy-making community and the public about these issues;
  • Conduct a series of audio interviews published on CSIS.org, iTunes U, and other agregators with corporate leaders, leading environmental and energy thinkers;
  • Publish thoughtful commentary and helpful Q & A pieces to illuminate critical elements of the ongoing situation, putting them in context for the public and for policy-makers.