Bud's Offshore Energy (BOE)

In the attached paper, John Smith and Robert Byrd summarize the daunting decommissioning challenges facing California offshore operators:

1. Large, deep-water structures.
2. Lack of decommissioning infrastructure and services locally.
3. High HLV mobilization costs.
4. Jones Act restrictions.
5. Limited onshore processing and disposal options.
6. Air quality compliance costs.
7. Site clearance and debris removal requirements.
8. Environmental and space use operating constraints.
9. A complex regulatory framework and risk of litigation.
10. An unworkable reefing law and lack of a State approved artificial reefing program.

Does the regulatory framework prevent you from doing what the regulations require? Catch-22?