From left to right, Lamar McKay, president and chairman of BP American; Steven Newman, president and CEO of Transocean Limited; and Tim Probert, chief health, safety and enviromental officer of Halliburton testify before the Senate Committee on Energy and Natural Resources, on Capitol Hill in Washington Tuesday, May 11, 2010. (Pablo Martinez Monsivais/ASSOCIATED PRESS)
New regulation likely for oil
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Obama's new oil commission will consider new regulations in response to the spill which may punish BP or even ban offshore drilling. Midmorning looks at the impact of such laws not only on the environment, but on our access to affordable oil.
Guests
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John Felmy: is chief economist with the American Petroleum Institute.
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Lisa Speer: Director of the International Oceans Program at the Natural Resources Defense Council.
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