by Mario Rizzo Sometimes, amid the yakking and incessant moralization, a fact or two will emerge that is big with meaning. From today's Wall Street Journal: BP has come under heavy fire from Congress and environmental groups for its lack of readiness to handle a worst-case spill. But that criticism has overlooked a key fact: … Continue reading The BP and MMS Spill: More of the Story Begins to Emerge
by Mario Rizzo I do not know, at this point, whether BP was negligent or grossly negligent in its drilling and related activities leading to the Gulf oil-spill. They may well have been but I leave that to further investigation. It seems, however, the federal government’s regulatory policy was and continues to be a mess, … Continue reading BP Shakedown?