Measured sensibly, action by the oil and gas industry in response to the Gulf of Mexico disaster promises to be far more effective than what the US government so far has proposed. In deep water, the industry wants to improve blowout prevention and response. The government wants simply to limit drilling.The industry obviously recognizes the systemic lapses that allowed the deepwater Macondo wildcat off Louisiana to blow out on Apr. 20 and flow out of control until mid-July. And it's responding.The American Petroleum Institute is reviewing standards and procedures, Upstream Director Erik Milito told a joint committee of the National Academy of Engineering and National Research Council on Au...