Federal regulators haven't kept up with oil drilling expansion
Saturday, May 8, 2010 - 21:00
in Mathematics & Economics
When the Deepwater Horizon rig exploded and oil started gushing into the Gulf of Mexico, neither the oil companies nor their watchdogs in the Interior Department were ready. While oil and gas companies have pushed the frontiers of offshore drilling into deeper, more dangerous waters over the last decade, their government watchdogs stayed behind in the shallows, clinging to long-standing practices and failing...