May 17, 2010 11:20 AM

Commentary: Creation of new watchdog for offshore regulation is long overdue

Part of the fallout from the Deepwater Horizon disaster in the Gulf of Mexico is good news for honest, no-conflict regulation of U.S. offshore drilling. Secretary of the Interior Ken Salazar wants to split the regulating and revenue-collecting functions of Minerals Management Service, with a new agency taking over regulatory oversight. Somewhere up there, Wally Hickel is smiling. And maybe shaking his head.

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