Following spill, oil industry may face tougher regulations

Oil-industry executives are weighing their options as political momentum mounts for increased regulation after the BP spill in the Gulf of Mexico. Shallow-water drillers scored a victory last week when they were allowed to resume drilling even as President Barack Obama imposed restrictions on offshore drilling. "The most difficult challenge confronting the whole industry at this point is regaining the confidence and trust of the public, the American people, and regaining the confidence and trust of the government regulators and the people who oversee our activities out there," said ExxonMobil Chairman and CEO Rex Tillerson.

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