As commenter hsvkitty points out, BP only got the permits to start drilling at the Deepwater Horizon site in the first place because the Minerals Management Service believed their statement that they “could recover 197 percent of the daily discharge from an uncontrolled blowout of 250,000 barrels per day”: a March report from BP said that it had the capacity to skim and remove 491,721 barrels of oil per day.
The problem isn\’t that BP lied (or didn\’t lie, or exaggerated, or whatever).
Imagine, go, on, just for a moment, that the statement is untrue.
The problem is that the governmental regulators believed this untrue statement.
It doesn\’t matter why they did so: it\’s something of a blow to the idea that governmental regulators are the solution really, isn\’t it?