With the explosion of the Deepwater Horizon, the management teams that worked with that rig cut corners because of time and …show more content…
Since these policies have been in place the industry has shown great improvement in trying to follow new regulations. New or added regulations for drilling, obtaining permits, inspections, training employees, surveying, and many other regulations cost a lot of money (Regulations in the Oil Industry). With so many oil rigs drilling for oil, it is hard to have every oil rig abide by every policy. Rig owners would argue that having to update their rigs every time there is a new policy put in place would put them out of