The Drilling Platform was not a production platform.
It was a Semi Submersible mobile drilling unit( 'Deep Water Horizon') owned by a company called 'Transocean' that was drilling an oilwell.
The fact remains that the Blowout Preventer did not work.
The investigation will find out why it failed in due course, meanwhile the damage to the environment is ongoing.
Not up enough on the subject to know how true the original post is, but sounds logical. The point about the minimum to comply with the regs is interesting, but this itself is complex and there is also the people aspect leading to the "chain of errors" that we hear of so often in these cases.
Plim :sad:
Ah okay. I wasn't meaning to be rude, just wasn't sure where you wanted the thread to go.
I'm gutted. South Louisiana is an area close to my heart and I have been tracking the spill since it happened. It is such a shame that it looks likely to devastate an area of natural importance and an area which has suffered such a lot with Katrina and Rita before that.
BP are going to be paying out Billions for their latest fuck up.
Insurance will pick-up most of the cost.
No doubt some of the cost will come from the £14 billion (before tax) annual profit.
However....it is not illegal for companies to make profit...and the BP annual turnover is about £253 billion.....since the company is "owned" by its investors its profit provides dividends to those investors. Most of who are pensions companies (etc).
You seem to be attributing blame with no evidence of same.
The rig was not owned by BP, and was operating on their behalf on contract.
With BP's share price falling then it might be worth buying some of them.
How long will it be until BP stick their hand out to the UK government for a bail out like the banks did and got?
The trouble is...what the fuck do we all want?
BP as far as I know were trying a new technique in deep sea drilling, it went wrong.
I am sure the environmental disaster will be felt for years to come, but were BP negligent? That I do not know but we all need the oil and sometimes when new things are tried it can go wrong. Yes it did on a huge scale but we as humans need and rely on oil, and it has to be drilled somehow.
I will wait and see exactly what the outcome will be when the inquiry starts, as it surely will.
The main problems I can see is that because this is a new measure of getting the oil up from miles down, as it has gone so wrong they have no real means of capping it.
But saying that in some African and South American countries, the oil companys have been hugely negligent, as far as the local environment goes, and the people who still have to live near smelly oil filled sludges seeping into the ground and the local water.
Oil companies do have a lot to answer for in many respects, but as this is Americas biggest oil disaster someone will have to pay, but my fear is that money alone will not put right all the wrongs, and the people in that area will suffer long term effects of this.
Two sides to this.
who says oil is running out eh?