What a difference a week makes. On April 19, Transocean Ltd.’s Deepwater Horizon rig was doing some exploratory drilling in the Gulf of Mexico on behalf of BP. After a six-year drought that started in 1994, BP had discovered several major oil deposits throughout the last decade: Marlin, 2000; Horn Mountain, 2002; Na Kika, 2003; Holstein, 2004; Mad Dog, 2005, Atlantis, 2007, and Thunder Horse in 2008. At the end of March, President Obama announced plans to relax some of the rules regarding offshore drilling.
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