Bob Graham: “The fact that we are approaching this limit underscores the need for Congress to act on this issue.”

If we don't act, if we are timorous and if we have an enhanced likelihood similar to the Macondo, that we are all going to be pointed at as to why we were unable to recognize and why we were unwilling to act in the public interest.

As a Nation we can take some concrete steps that will dramatically reduce the chances of another Macondo.

This tragedy will be compounded if we learn nothing about the opportunities that are available to us.

We did not mean parity, that is that all companies were equally subjected to this culture of complacency.