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Gulf Of Mexico Essay

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As offshore drilling was a new industry, regulations had to develop at the same time the industry developed. Unfortunately regulations were usually enacted and enforced after accidents had already occurred. Analyzing the development of the offshore oil industry in comparison to the process of regulating its operations will show the international, national, and local processes involved in attempting to balance the economic benefits with the environmental risks involved. An applicable example for showing the relationship between the environment and the economy created by the offshore oil industry is the drilling operations in the Gulf of Mexico. The exploration of oil drilling into the Gulf of Mexico dates back to 1938, when the Pure Oil and

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