U.S. should allow deepwater drilling to resume, Chevron exec says

09/7/2010 | MarketWatch

The federal government should end its ban on deepwater drilling because the oil industry has learned lessons from the BP disaster and companies are prepared to resume work in the Gulf of Mexico, said Gary Luquette, president of Chevron North America Exploration and Production. "We have identified the gaps, we have been responsive to the gaps and we are making progress and improvements so we don't have another incident again," he said on the sidelines of a Houston conference.

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