Many of the stricken yachts had been designed to comply with the then-new International Offshore Rule (IOR), which encouraged boats that were fat in the middle and carried their ballast up high, close to the waterline.
Mr. Stanford and his firm have emerged as recent contributors to various American lawmakers, focusing particularly on legislators considering bills that could change offshore banking rules.
Second, Chevron produced 260,000 barrels of oil and natural gas per day from the Gulf of Mexico, so preventing Congress from reforming offshore drilling rules in the wake of the BP disaster will be key.
The issues involved in this strike — preserving jobs that let workers comfortably support a family, offshoring, work rules — are just as pressing as they ever were, but there are markedly fewer union workers left in the private sector to stand for them.
But the Cyprus crisis has shown that the Russian elite's strategy of offshoring the rule of law, rather than building it at home, has its risks, too.
The GEs, GMs and other manufacturing firms that offshored production pushed rules that forbid us to apply "Buy American" procurement policies.
BP, a drill-baby-drill oil company that made $6.1 billion in the first quarter of this year and lobbied against "new, stricter safety rules" for offshore drilling, had experienced an offshore disaster for which ordinary Americans are going to pay through the nose (again).
There will be more offshore drilling, but the rules of the game have now changed.
The Interior Department wrote new safety and environmental rules for offshore drilling and officially lifted the moratorium in October.
"The administration has created an unacceptable level of uncertainty when it comes to the rules of offshore exploration that must be fixed".
