Management

Oil spill causes rethinking of government, business relationship

President Barack Obama\'s announcement Thursday of an extended moratorium on new deep-water drilling is only the beginning of a government re-evaluation of its ...

Federal News Network Staff

May 28, 2010 12:43 pm

< a min read

President Barack Obama’s announcement Thursday of an extended moratorium on new deep-water drilling is only the beginning of a government re-evaluation of its relationship with the offshore oil industry. A presidential commission soon will put the relationship in therapy. The Wall Street Journal reports that the risk is that the wrong question may dominate the coming discussion-namely, whether there was too little regulation of the offshore oil industry. The better question is less about quantity than quality: Were regulations smart and up to date?

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