New more stringent standards in need of being imposed onto the oil and gas industry
The oil and gas industry of the state of Michigan is in dire need of better and much stricter regulations, as well as a more transparent set of operations. The measures are crucial if the industries are to remain in good standing with the state public.
The buzz about the new standards has seen a recent development in activity in the wake of the Kalamazoo River spill that saw more than 1 million gallons of oil to be spewed into the state’s waters.
The state of Michigan currently has more than 67,000 miles of lines responsible for transmitting and distributing oil and gas across its territories, and though most of them are subject to regular inspections and safety checks; some still lack proper supervision and maintenance.
That fact alone should be reason enough to initiate a better and more open disclosure policy between the state and its general public and investors. The local government should also come in and aid in the cause, even if the companies themselves refuse to do so.
The safety administration that holds responsibility for the entire nation’s pipeline system has recently released a statement announcing that due to the latest outbreak of massive oil spills in the Gulf, Michigan and a few other locations; fuel companies have to tighten their security and inspection levels in order to prevent further accidents, and restore the damaged new reputation that the US oil companies have sustained.
Almost half of those pipelines are located in high consequence regions, many of them being liquefied natural gas transmission lines. Regular safety checkups are standard issue for such areas, yet for the regions that are not branded as high consequence spots, the checkups are sparse and their results are usually not disclosed to the public due to the supposed lack of interest. That situation is in a drastic need of a change if the stained reputability of some of the more accident- prone companies is to be recovered.
Some efforts to uphold a stricter safety discipline has been made by several companies, who have allocated more funds for their security departments, as well as hired more personnel for equipment maintenance and safety control. However, the lack of total disclosure that most of these companies exhibit towards the public still guarantee dubious results if another mass- scale accident was to happen.