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About 10 months ago, I posted an entry on the Deepwater Horizon catastrophe in the Gulf of Mexico, in which I outlined three scenarios that I thought were likely to occur after the Deepwater Horizon crisis. They can be labeled as no regulatory consequences, stronger public regulation and new private regulation of safety in the oil drilling industry. Today, exactly one year after the explosion of the BP’s oil drilling rag in the Gulf of Mexico killing eleven people, I have to admit that the Deepwater Horizon did not become the beginning of the new regulatory era for the oil industry. Read the rest of this entry »