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Editorial: Politics and the MMS
07/05/2010
What now for what used to be the US Minerals Management Service? Even before the Macondo blowout put its credibility in question, the agency was under siege. Questions about the MMS—now the tripartite Bureau of Ocean Energy Management, Regulation, and Enforcement—didn't start with the Gulf of Mexico tragedy. They can be said to have begun with a trumped-up controversy over price caps on royalty relief in deepwater leases issued in 1996-2000.That controversy turned MMS into a political bull's-eye. It began with disclosure in 2006 that deepwater leases issued in 1998 and 1999 didn't provide for the reinstatement of royalty when oil and gas prices rose above certain limits. The o...
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