There is overreaching buerocracy and their is common sense in the world of regulations. This one was more common sense or at least forced common sense which in my opinion is the only way to manipulate large multinational oil companies to do the right thing. Or as one other member noted, maybe the market will determined the level of risk these companies choose to take on offshore after BP’s multi billion dollar exposure with DWH.
Either way it’s just another Jenga block from Obama’s legacy which trump has chosen this week to pluck out of the stack. Shouldn’t congress be consulted on making common sense drilling the law of the land?