This editorial will appear in tomorrow’s print edition.
President Obama has described the relationship between oil drillers and the federal government as “cozy.” Corrupt might be a better word.
Until last month’s catastrophic blowout in the Gulf of Mexico – which continues to foul the region with oil – the American offshore drilling industry had a seemingly stellar record. Three decades had gone by without a major spill from thousands of rigs pumping petroleum from far below the sea floor.
It turns out that big problems were festering behind that façade of safety.
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