Obama Administration To Extract More Money To Regulate Big Oil … Jobs At Stake

Associated Press.  The oil and gas industry says an Obama administration plan to double fees charged for inspections of offshore operations could cost jobs.  The industry recognizes the need for improved inspections and oversight following the massive BP oil spill, American Petroleum Institute president Jack Gerard said. But doubling the fees is not appropriate, especially during a recession, he said.  "This is not the time to go back and impose additional costs on industry," Gerard said Tuesday in a conference call with reporters.  The oil and gas industry contributes billions [...]