Markey Approves Of BP's Oil Spill Compensation Efforts

At a hearing Thursday with the House Energy and Commerce Committee, Ranking Member Rep. Ed Markey (D-Mass.) acknowledged being critical of BP in the past, but supports the company’s efforts to compensate those affected by the 2010 oil spill in the Gulf of Mexico. (0:06)

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Markey: President Should Tap Into Strategic Petroleum Reserve

During a conference call to announce that House Democrats will vote to repeal oil tax subsidies on Thursday, Rep. Ed Markey (D-Mass.) says President should tap into the strategic petroleum reserve to send a message to the international oil market. (0:33)

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GOP Blocking Safety Regulations For Offshore Drilling, Says Markey

During a conference call to announce that House Democrats will vote to eliminate oil tax subsidies, Congressman Ed Markey (D-Mass.) says Republicans have fought to block any safety or environmental legislation on oil drilling since last year. (1:13)

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Democrat Markey Applauds New Escrow Fund For BP

During a hearing on Thursday, Rep. Ed Markey (D-Mass.), a member of the House Energy and Commerce Committee and a co-architect of an energy bill passed by the House last year, defends the 20 billion dollar escrow fund set up by BP to help award claims made by those affected by the continuing Gulf oil spill. BP CEO Tony Hayward was the hearing's main witness. (0:44)
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Markey says releasing oil works

Rep. Ed Markey (D-Mass.) says past releases of oil from the Strategic Petroleum Reserve have driven down prices. He says oil prices fell 33.4 percent when President George H.W. Bush released oil in 1991, by 18.7 percent under President Clinton in 2000, and by 9.1% by President George W. Bush following Hurricane Katrina. (0:46)
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