Re: “Offshore oil industry faces a hard new world” (editorial, 5-17).
I’m in favor of a moratorium on offshore drilling for the foreseeable future, at least until the petroleum industry can show genuine, tested safety measures in place.
Let’s have regular but unannounced safety audits and enforceable regulations similar to those of the airline industry that can ground planes that don’t meet performance standards. Let’s require oil companies to post a bond before they can apply for a permit to drill, with the dollar amount of the bond to equal 10 times the cost of recovery in case of a spill.
Let’s make it so difficult, so expensive and so closely supervised that any company will think hard before applying. Then if they get a permit, every step they take during the drilling process will be monitored.
And when they complain? Remind them they brought it on themselves.