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BP Should Settle Oil Spill Case: Former Shell Oil Exec
CNBC.com | March 02, 2012 | 10:48 AM EST

Big oil continues to dominate the headlines this week between the ever rising price at the pump and BP’sGulf oil spill trial that has been re-scheduled for Monday. Frank Glaviano, former vice president for production operations at Shell Exploration and Production Americas, is a resident of Louisiana. He shared his insights into the pain at the pump as well as the impending BP trial.

Lori Ann Larocco: What is the environment down in Louisiana while the country is facing pain at the pump?

Frank Glaviano: It doesn’t make sense to have gas prices rising and have an administration to say we are drilling more now than we were in the past based on data, but I can give you data that says we are not. We are not back where we were. And on top of that, there was the Keystone pipeline that the administration didn’t do. When you look at all this, I just want to ask — what is their energy solution? What does this country want to do? What is our country’s energy strategy? I can tell you in my 35 years in the business, I can’t point to any administration that has had an energy strategy. We have a collection of isolated events. The government does something or doesn’t do something. There is no clear plan.

LL: How is the drilling activity in the Gulf?

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