On the two-year anniversary of the Gulf oil spill, Bob Cavnar, oil industry veteran and author of “Disaster on the Horizon,” tells “Viewpoint” host Eliot Spitzer that he “absolutely” believes the same thing could happen again. The House has passed three bills that reduce environmental review on new offshore leases, Cavnar explains, adding that nothing has been done to increase drilling companies’ $75 million liability cap in the event of a catastrophe. Because the BP oil spill ultimately cost between $20 and $25 billion, “BP could have actually walked away from this whole thing and put it all on the American people … The legislature has not fixed that liability cap. It still remains today.”
