An similar calculation lay behind Division of the Interior Secretary Ken Salazar’s Tuesday announcement that the MMS, which ostensibly regulates offshore oil drilling, is perhaps lower up into two items—one which collects the estimated $13 billion in annual royalties from the nation’s extractive industries, and one which enforces security and environmental legal guidelines. Salazar’s declare that this may get rid of conflicts of curiosity” in government regulation was nervy, to say the least, coming from a man with lengthy-standing and intimate ties with oil and mining concerns, together with BP.
On April twentieth an try to cap the Deepwater Horizon, a British Petroleum rig within the Gulf of Mexico, resulted in an explosion. Eleven staff have been misplaced and the next failure to close off the oil circulate and include the quickly spreading slick has resulted in an ecological catastrophe of epic proportions.
I needed to chuckle. I retired from … Read More