Justin wrote last week about the Interior Department’s Minerals Management Service, where a melange of incompetence and corruption will have investigators sorting things out for a long time.
Two investigative reports are apparently coming which will provide more details on how the department managed to give billions away to Big Oil via a gaping loophole:
Meanwhile, the Government Accountability Office is preparing a report that, some lawmakers say, will blame the service’s “culture” for widespread laxity in conducting royalty audits and collecting underpayments from industry. And by mid-month, the Interior Department’s Inspector General will release a report showing that different units at the service working on leases didn’t talk to each other and that some officials apparently signed leases without reading them.
More to come, I’m sure.