The Rising Influence of Rising Affluence

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IMO the regulations roll back will not do much. The DWH blow out was all about BP cutting corners on cement job and NOT running CBL. Having a third party contractor checking to make sure blow out preventers works as designed doesn't add much cost compared to $500K day rates. Will BP go back to being the "old" BP and will other companies (eg. CVX, XOM, COP) that never cut corners decide all of a sudden to start cutting corners because Trump winks? I doubt it very much. Obama era chemical disclosure rules never slowed fracking, it took off instead. The only thing that slowed fracking were the Oklahoma earthquakes and that was only regional. Oil price and the ability to hedge the downside will dictate for frackers.