Nobody did it…

Transocean, the company that owned the Deepwater Horizon, recently objected to a draft of a Coast Guard report, released on April 22nd that placed partial blame for the explosion upon their poor safety culture, among other problems: “Switzerland-based Transocean insists the blast did not result from poor upkeep, that the blowout preventer was properly maintained and that the general alarm on the rig did not fail to operate … Continue reading Nobody did it…

4.9 million barrels of oil…estimate too low? BP made sure we’d never know

Turns out the government’s estimate of 4.9 million barrels of oil leaked into the Gulf of Mexico may not be as entirely accurate as we were all led to believe. This really should come as no surprise, especially when it is understood the estimate translates directly into fines…money, and more importantly, British Petroleum’s money. For each barrel of oil leaked into the Gulf, BP must … Continue reading 4.9 million barrels of oil…estimate too low? BP made sure we’d never know

A quick bet?

  So, anyone out there want to place any odds on those relief wells?  According to an article on NPR, the wells could have two possible uses. Yes, BP can pump mud and/or cement through them to permanently seal the Macondo well from the bottom, done, over, complete. Or, they can be used by BP and/or another company to extract the 4 billion dollars of crude oil that is suspected to … Continue reading A quick bet?