Christoph Suess: Big oil suppliers like Halliburton should be humble given the disaster in the Gulf of Mexico. Instead, they are claiming that the current crisis won’t affect their business significantly. Governments and above all we, the informed public, should not put up with such obscene behaviour.
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The oil spill in the Gulf of Mexico “must convince governments everywhere that the economic costs of poor regulation of the oil industry can be staggering.” ++ The “colossal disaster” was the result of U.S. regulators finding themselves in a tight spot. On the one hand, they are supposed to encourage oil production, while on the other hand policing the process. ++
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