Source:
APSTOCKHOLM, Sweden - All around the world, Big Oil largely creates its own offshore safety rules. The U.S. government is not alone in ceding responsibility to the oil industry for the design of key safety features on offshore rigs, a trend coming under scrutiny worldwide following the deadly blowout in the Gulf of Mexico.
Internationally, industry-driven regulation is the norm, not the exception -- and critics are calling for a re-examination of a system that puts crucial safety decisions into the hands of corporations motivated by profit.
An investigation shows other nations harvesting oil and gas from offshore fields, including Britain, Norway, Australia and Canada, have moved in the same direction: Governments set the general safety standards that must be met, but leave it to rig operators to work out the details.
The shift away from more heavy-handed regulation started about two decades ago and was based on the notion that oil companies best know the risks of offshore operations -- and how to minimize them.
But the Deepwater Horizon explosion on April 20 and another platform incident in the Timor Sea off Australia last year have raised concerns that Big Oil has been given too much leeway to police itself.
Read more:
http://www.cleveland.com/nation/index.ssf/2010/05/oil_spill_oversight_offshore_d.html
What really makes this news is that the AP is reporting it. Usually this story is only told in alternative news sites.