Inspector Finds Broad Failures in Oil Program

uscitizen

uscitizen

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Inspector Finds Broad Failures in Oil Program



By EDMUND L. ANDREWS
Published: September 26, 2007

WASHINGTON, Sept. 25 — The Interior Department’s program to collect billions of dollars annually from oil and gas companies that drill on federal lands is troubled by mismanagement, ethical lapses and fears of retaliation against whistle-blowers, the department’s chief independent investigator has concluded.


The report, a result of a yearlong investigation, grew out of complaints by four auditors at the agency, who said that senior administration officials had blocked them from recovering money from oil companies that underpaid the government.

http://www.nytimes.com/2007/09/26/business/26oil.html?ex=1191384000&en=2e7a181c80a1b3e1&ei=5065&partner=MYWAY
 
Yet more evidence of government being subverted by the private sector. The libertarians believe that the way to deal with this is to make government weaker. That's like saying the way to deal with infection is to give the patient HIV.

Government has to be limited, certainly, but let's get real here. We've allowed the pendulum to swing so far to the opposite direction that the whole thing's in danger of tipping over and squashing us all.
 
yes reasonable regulations need to be restored. We have seen the results of many that were loosened or done away with.
The subprime mortgage debacle. Wait till the banks become insolvent because they are allowed to deal in the market now ...
 
uscitizen said:
yes reasonable regulations need to be restored. We have seen the results of many that were loosened or done away with.
The subprime mortgage debacle. Wait till the banks become insolvent because they are allowed to deal in the market now ...
Click to expand...
It doesn't matter if the company goes buns up so long as the major stockholders make money. In fact, any major stockholder dumb enough to NOT profit off the dismemberment is probably unfit and unworthy in their eyes.

To this crowd, there is no such thing as "reasonable regulation." They're fanatics . . . and fanatics empowered by their own profit and power. As ugly and dangerous as the Bush foreign policy is, it's more likely the domestic policy that will destroy this nation.
 
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