Energy

Friday, May 28, 2010 9:20 AM

Need-To-Know Memo, May 28

By Amy Harder, NationalJournal.com

1) President Obama visits the Gulf of Mexico today to survey the oil spill cleanup efforts, his second trip to the region since BP's Deepwater Horizon rig exploded on April 20 (Reuters).

2) His visit comes after a day of big developments in the disaster, including new flow rate estimates indicating the spill is the worst in U.S. history (Washington Post), the suspension of new drilling projects in deep water (NationalJournal.com), the resignation of the Minerals Management Service's director (CongressDailyPM -- subscription) and a slew of hearings on the oil spill (Roll Call).

3) BP resumed its latest effort to plug the oil leak -- a method called a "top kill" -- late Thursday after facing a setback earlier in the day (New York Times), while questions are mounting whether BP and Transocean rushed on safety measures that could have prevented the explosion in the first place (Washington Post).

4) The Wall Street Journal analyzes the events immediately before and after the oil rig exploded.

5) In other energy news, senators introduced a bill Thursday that would incentivize the use of electric vehicles (Detroit News) and China says it will likely set up a domestic trading market for greenhouse gas emissions by 2014 (Bloomberg News).

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