This is a good example of what happens when you let an industry regulate itself.
The emergency alarm on the Deepwater Horizon was not fully activated the day the oil rig caught fire and exploded, killing 11 people and setting off the massive spill in the Gulf of Mexico, a rig worker on Friday told a government panel investigating the accident.
The worker, Mike Williams, the rig’s chief electronics technician, said the general safety alarm was habitually set to “inhibited” to avoid waking up the crew with late-night sirens and emergency lights.
While it is not known whether it would have saved the workers who died in the April 20 disaster, the lack of a fully functioning alarm hampered the effort to safely evacuate the rig, Mr. Williams said.
Are you listening, all you libertarians out there??????
(You can read the rest of the story at the New York Times right here.)