There are reasons for most regulations. Protections, oversights, safe guards, all designed to keep the worst from taking place.
This one oil and gas regulation is extremely important and somehow it managed to get changed. Sad but true. No doubt the very first regulation that must be put back on the rule books.
Who’s to blame for the oil spill? http://bit.ly/aGfaqU
The part that sticks out in the article…
Sean Hannity called the spill “Obama’s Katrina,” but it was actually George W. Bush’s second Katrina. Vice President Dick Cheney, fresh from his days at Halliburton, had presided over the weakening of drilling regulations, including the exclusion of remote-shut-off switches (commonly used in the North Sea oil fields), which might have prevented the disaster. The Bush Administration’s petro-bias and antigovernment sensibility soiled the Minerals Management Service (MMS), the agency charged with regulating offshore drilling.
Read more: http://bit.ly/aGfaqU
Then there is this…
Leaking Oil Well lacked Safety Device… http://bit.ly/b2cHiv
All to save $500K per B.O.P. Should Minerals Management Service (MMS), changed this before now? Of course they should have and everyone in that department should know that by now. EVERYONE.
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