PRESS RELEASE: June 14, 2010 MA state representative Steven Walsh of Lynn

           “A disaster such as this, while devastating on both environmental and financial levels, demonstrates the much bigger problem of the lack of regulation of these billion dollar oil businesses.  Limiting governmental interference in industry is a popular concept, but here is an example of a company with no regulation and no back-up plan for this type of catastrophe. I am in favor of minimizing foreign dependence on oil, but under the condition that this type of offshore drilling is regulated by the Federal Government so as to prevent another disaster from occurring.”
                                

Chairman Steven M. Walsh

Committee on State Administration and Regulatory Oversight