The MS is a completely captive regulator. It was a revolving door for oil industry administrators. It was lapdog of the industry, rubber-stamping the applications that were sent to it.
MMS had been making sure that the industry’s interests were served at the expense of citizen’s interests. Over the past ten years, MMS has done everything it could to get regulation and government out of the way of business.
You can’t have it both ways. A regulatory agency can serve the people or the business it regulates. If you want government to leave business alone, this is what you will get.
“MMS had been making sure that the industry’s interests were served at the expense of citizen’s interests. Over the past ten years, MMS has done everything it could to get regulation and government out of the way of business.
You can’t have it both ways. A regulatory agency can serve the people or the business it regulates. If you want government to leave business alone, this is what you will get.”
We have MMS’ failures, the SEC regulators looking at pornography during the market crash, etc., etc.
All I ask for is that if we’re going to have regulation, make it “smart regulation” instead of bloated bureaucracies that miss the key problems every time.
What the bloody hell is an MMS?