Regulation / Deregulation

". . . as natural as the ocean water"

When regulators at the Minerals Management Service had concerns about the safety equipment for offshore oil rigs, the agency did not impose stronger regulations and instead allowed industry to police itself, according to two pieces in The New York Times [1] and The Wall Street Journal [2] today.

Stuart Whatley says,

Perhaps the most enervating element of the BP-Deepwater Horizon disaster is its eerie familiarity—the sheer, inexorable predictability of it all.

Oil Rig Blowout Triggered by Methane Gas Bubble by Associated Press / CBS News

. . . Seven BP executives were on board the Deepwater Horizon rig celebrating the project’s safety record, according to the transcripts. Meanwhile, far below,  . . . continue reading

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