In a free market, transnational oil companies (among others) that are destroying Nigeria, the Gulf Coast, parts of South America, and contributing to endless war in the middle east would’ve probably long ago been supplanted by something better, cleaner, safer and more efficient. Jim Mulva, ConocoPhillips’ chief executive, says that the unlimited liability some are proposing in Congress to punish operators for further spills in the Gulf of Mexico is inappropriate… He said to...

