U.S. Government, Exxon Battle Over Gulf Oil Find

Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides.
. . .
A spokeswoman for the Interior Department said, “Our priority remains the safe development of the nation’s offshore energy resources, which is why we continue to approve extensions that meet regulatory standards.”

There go those regulations, again. Imgaine how many regulations stymy economic growth. This is spreading the wealth through regulation and theft. Here.

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