NEW YORK — BP's massive oil spill in the Gulf of Mexico has focused attention on the petroleum industry's loose regulation and failure to plan for the worst. That is going to change, experts say. Regulators are likely to make permitting, inspections and equipment requirements for rigs more stringent. Lawmakers want to extract more money from the industry to help pay for any future cleanups. And insurers are bound to raise rates for underwriting this risky business. The increased scrutiny...
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