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BOEMRE

(US GOVERNMENT) Bureau of Ocean Energy Management, Regulation and Enforcement; agency formerly known as the Minerals Management Service (MMS). Some minor reorganization supposed to reduce incentives for corruption.

The original MMS was created in 1982 to manage offshore drilling and other forms of mineral exploitation of the ocean coastal shelf (OCS). It had every incentive to take the money of corporations and give them license to do what they wanted. In 2010, due to scandals from gross corruption and lax oversight, the White House reacted by...changing the agency's name.

The BOEMRE had to change its name from the "Minerals Management Service" because its reputation was utterly ruined by constant corruption scandals.

by Primus Intra Pares July 25, 2010

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