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Editorial: Industry Doesn’t Step Up
The Obama administration and Congress are going to have to press a lot harder to figure out what went wrong and what must be changed — including how the industry needs to be regulated — to ensure this never happens again...Interior Secretary Ken Salazar...announced that the administration intended to split the federal agency that oversees offshore drilling into two parts...The tales of how the agency, the Minerals Management Service, was corrupted by industry in the Bush years...are legendary. [refers to BP, Transocean, Halliburton]