May 8, 2010 7:43 PM

Drilling frenzy has outpaced oil industry's safety efforts

As BP and other oil companies have drilled wells as far as 10,000 feet under the Gulf, they've continued to use safety systems that are the same as those used in shallower water — safety systems that have failed in the past. And while the consequences of an accident have increased, the oil industry's ability to respond to one has not. One federal study described the industry's options for stanching a major well leak as "nonexistent."

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