Friday, January 7, 2011

Another wasted effort

The errors and misjudgments that led to the explosion of the Deepwater Horizon offshore oil drilling rig last spring weren't just the result of blunders by BP and its contractors, but reflect industry-wide problems that require new regulations and standards, a presidential commission has concluded.

"The root causes are systemic and, absent significant reform in both industry practices and government policies, might well recur," the panel says in its final report, a chapter of which is being made public Thursday. "The missteps were rooted in systemic failures by industry management . . . and also by failures of government to provide effective regulatory oversight of offshore drilling."

It's a waste of time to enact new regulations, if the oil industry is permitted to continue to buy off the regulators and the oversight committees with campaign donations.

It's no coincidence that the worst oil spill in history was caused by BP during the administration of Barack Obama - - the recipient of more campaign money from BP than any other politician in history.

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