51 research outputs found
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National Commission on the BP Deepwater Horizon Spill and Offshore Drilling
This website is for the National Commission on the BP Deepwater Horizon Oil SpilUnited States. Office of Fossil Energyl and Offshore Drilling, established by President Barack Obama on May 21, 2010. The Commission examined the relevant facts and circumstances concerning the root causes of the Deepwater Horizon explosion and developed options to guard against, and mitigate the impact of, any oil spills associated with offshore drilling in the future. This included recommending improvements to federal laws, regulations, and industry practices. The website contains detailed information about each of the commission's meetings, the commission's final reports, and other related resources
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The Gulf Oil Disaster and the Future of Offshore Drilling: Report to the President
On May 22, 2010, President Barack Obama announced the creation of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling: an independent,nonpartisan entity, directed to provide a thorough analysis and impartial judgment. The President charged the Commission to determine the causes of the disaster, and to improve the country’s ability to respond to spills, and to recommend reforms to make offshore energy production safer. This report is the result of an intense six-month effort to fulfill the President’s charge.
The Commission’s report offers the President, policymakers, industry, and the American people the fullest account available of the largest oil spill in U.S history: the context for the well itself, how the explosion and spill happened, and how industry and government scrambled to respond to an unprecedented emergency
Managing Safety-Related Disruptions: Evidence from the U.S. Nuclear Power Industry.
Low-probability, high-impact events are difficult to manage. Firms may underinvest in risk assessments for low-probability, high-impact events because it is not easy to link the direct and indirect benefits of doing so. Scholarly research on the effectiveness of programs aimed at reducing such events faces the same challenge. In this article, we draw on comprehensive industry-wide data from the U.S. nuclear power industry to explore the impact of conducting probabilistic risk assessment (PRA) on preventing safety-related disruptions. We examine this using data from over 25,000 monthly event reports across 101 U.S. nuclear reactors from 1985 to 1998. Using Poisson fixed effects models with time trends, we find that the number of safety-related disruptions reduced between 8% and 27% per month in periods after operators submitted their PRA in response to the Nuclear Regulatory Commission's Generic Letter 88-20, which required all operators to conduct a PRA. One possible mechanism for this is that the adoption of PRA may have increased learning rates, lowering the rate of recurring events by 42%. We find that operators that completed their PRA before Generic Letter 88-20 continued to experience safety improvements during 1990-1995. This suggests that revisiting PRA or conducting it again can be beneficial. Our results suggest that even in a highly safety-conscious industry as nuclear utilities, a more formal approach to quantifying risk has its benefits
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