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It's true about the $500K valve preventing all of this. Every other country in the world requires this by law, but the oil industry was able to convince our government it was not worth the money.
That just shows how short sighted and greedy these companies are. Even from a basic business prospective, it makes sense to add that valve. First of all, if the oil industry is powerful enough to make the government not require it, they could probably have asked for tax breaks to cover the total installation cost. Second, if they are installed and there is still a leak, it gives them a very good argument in court as to why they shouldn't be held liable for the full amount of the spill.
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