As the US waits with baited breath to see if BP's latest attempt to cap the gulf oil spill will work, across the Atlantic European leaders are frantically trying to assess whether they too are vulnerable to such a spill. If the Deepwater Horizon disaster was apparently caused by a lack of oversight and regulation by the US government, things must be much more safe over here on a continent notorious for high levels of regulation, right? Well, nobody seems quite sure.Over the past month I've attended numerous seminars, parliamentary hearings and press conferences trying to answer that question. And Europe's leaders seem no closer to answering it today than they were three months ago when this leak began. It turns out that oil drilling in the EU is remarkably uncoordinated and there is little reliable data about what is going on Europe-wide. This has infuriated green groups and politicians. This frustration was evident last night when I went to a press briefing after a meeting between the EU energy commissioner and top oil industry execs. As the oil industry representatives entered the commission there was a crowd of Greenpeace activists gathered by the front door, covered in oil and holding signs demanding an immediate moratorium on oil drilling in European waters. Unfortunately for them, by the time the oil execs arrived a sudden torrential rainstorm had washed all their oil off, leaving them shivering in their underwear and looking more like they had come to demonstrate for the rights of nudists than protest oil drilling. Still, I think the oil execs got the message.




