Oil Execs Face Senate Heat Over Gulf Disaster

Law360, New York (May 11, 2010, 1:41 PM EDT) -- Lawmakers on the Senate Committee on Energy and Natural Resources on Tuesday grilled industry executives about the massive, growing BP PLC oil spill in the Gulf of Mexico, calling them out for playing the "Texas two-step" on the issue of responsibility and saying stricter rules may be necessary to avoid future disasters.

At a hearing to review current issues related to offshore oil and gas development, senators put pressure on BP America Inc. President Lamar McKay; Transocean Ltd. President Steven Newman; and Tim Probert, the chief...
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