Comment Re:Sure, I favor doing more of it (Score 1) 195
But you'd think that regulators would at least ask a few questions, llike "what happened" and "what can we do to make sure the same thing doesn't happen again".
You write as if they didn't do that several years ago.
The solution to oil spills is not: "another regulation that requires the regulated to follow the existing regulation." You develop new regulations when new processes or technology begin to fall outside existing regulations. Otherwise you enforce existing regulations, rebalance penalties, and recognize that no matter how many regulations you have, something will happen again. If you can't regulate theft and murder our of existence you sure can't regulate technological shortcutting out of existence.
Hint: when regulators determine that someone violated existing regulations and charge them billions of dollars in fines, "what can we do to make sure the same thing doesn't happen again" becomes a matter of weighing whether the fines are truly punitive versus something which might be written off as a cost of doing business. $4300/barrel of oil is still pretty punitive.