BP = Epic FAIL

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rem101

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Jan 22, 2008
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missouridawg said:
was along the lines of <span style="font-weight: bold;">"How do you think the spill will affect the seafood markets and shrimp prices?"</span>

Yes, it probably wasn't the best answer for the question... but it wasn't nearly as bad as everyone has made it out to be.

I'm not defending BP either, just trying to use some perspective. BP has made this bed and they'll be laying in it for a long while. But the knee jerk reactions are sometimes laughable. Our media is a 17'n joke.
Today at the Schooner Restaurant, there was a sticker on the menu explaining why seafood platters were between $2 and $3 higher.
 

fishwater99

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Jun 4, 2007
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Been doing that from day 1. If BP really cared they would suck up and capture the oil before it hits the shores, instead they are being cheap and waiting for it to hit. Why have they been using dispersants ? To hide the size of the leak...
 

SallyStansbury

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Mar 3, 2008
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I think we should change the name of prairie dogs to prairie rats. People are upset about shooting/killing anything with the word "dog" in the name.

Because cattle step into prairie dog holes and the little crittersare disease vectors or at least carry fleas that carry disease I think we should kill them for sport with high powered rifles. The ones that escape should be poisoned. Prairie rats, yo.

Please tell me you don't want the terrorists to win?
 

fishwater99

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[b said:
missouridawg[/b]]I promise, BP is trying their best. It may not be the best in everyone elses eyes, but they are sparing no expense in trying to collect as much oil, stop the spill, and prevent the damage to the coast. There's just not an easy way to fix something of this magnitude.
They would have tankers sucking up the oil withvacuum hoses if they were sparing no expense. They would be doing everythingin their power to stop and collect the oil before it reaches shore, and clearly they are not.
 

SixtonPackerish

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Sep 12, 2008
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missouridawg said:
When the well is finally plugged off, it will be because it has more than 15,000 feet of 13+ lb/gallon mud resting on it. This is one of the reasons for the blowout. The engineers on surface thought they had the reservoir sealed off with cement/cement retainer... switched out the heavy mud from the hole with light weight seawater... and the well won that battle.
What some people aren't aware of or have forgotten is that BP was leasing the well from Transocean, who built it, and Halliburton was the company in charge of sealing it when it blew.The Halliburton engineers failed at their jobs. Because BP holds the lease, BP is held responsible. I think all three companies should be held responsible. Fail safes were in place yet the fails safes failed. An earlier commentthat all the other oil and gas companies should be contributing - they are. Not sure how much but all the majors are involved in trying to find a solution. None of them want this to happen again. BP said earlier that this well will never be inproduction, it will be shut down permanently.

This disaster is going to affect every individual in this country. Exploration will cost more, leases will be harder to come by,and we'll stay as dependent on foreign oil as we are today.Cutting consumption of petroleum and petroleum products will be the only way to overcome our dependence. Think about how much plastic you use every day, starting with your keyboard.
 

missouridawg

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Oct 6, 2009
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is unaware just how much oil and gas run our lives...

There are 42 gallons in ever barrel of oil
- 20 gallons gets refined into gasoline
- 4 gallons gets refined into jet fuel
- the other 18 gallons go towards everyday stuff (plastics, energy creation, etc...)

Oil and gas are the most widely consumed products on the globe, next to oxygen and water.
 

missouridawg

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Oct 6, 2009
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Or, perhaps the forethought to say "a relief well is the only way to fix a blowout, perhaps we should pre-drill one in case."
This would create HUGE costs (tens of millions of dollars per well, if not hundreds of millions - escpecially for the deep and ultra-deep plays)for the oil and gas companies and would create an large increase in fuel prices and a situation in which oil and gas would be delayed getting to market. I don't see America standing for $5 or 6$ per gallon gas. In hindsight, I'd gladly pay this much for gas for the rest of my life to have not witnessed what's going on now.
 

boomboommsu

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pre-drilled relief wells (for the deepwater wells) is the only way to put the true market cost of oil into play. otherwise, you get what we see now: BP gets all the profits, but to at least some degree the losses (pollution) are socialized. i think it's obvious why business would love that model, but voters, and especially conservative economists,should know better.
 

seshomoru

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Apr 24, 2006
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missouridawg said:
Or, perhaps the forethought to say "a relief well is the only way to fix a blowout, perhaps we should pre-drill one in case."
This would create HUGE costs (tens of millions of dollars per well, if not hundreds of millions - escpecially for the deep and ultra-deep plays)for the oil and gas companies and would create an large increase in fuel prices and a situation in which oil and gas would be delayed getting to market. I don't see America standing for $5 or 6$ per gallon gas. In hindsight, I'd gladly pay this much for gas for the rest of my life to have not witnessed what's going on now.
Yeah, I'm not to worried about an oil company coming up with $100 million (reported cost of the one they are drilling now) to drill a simultaneous relief well. BP went into this mess with $7billion in cash reserves. They're cash from operations is typically between $25-35billion a year. After debts are repaid they're left with around 15-25 billion. They then pay about $10billion in dividends (which I believe they said they'd suspend). They can handle a relief well.

The $6 a gallon ******** is what we have to put with from people in the oil business who want to scare us into letting them drill as cheap as they can possibly can. How many times are we gonna bite the bait on that? Mandating relief wells is more likely to sky rocket the price of things with petroleum a few cents and save a company like BP billions because they'd never have to deal with something like this.
 

seshomoru

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Apr 24, 2006
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missouridawg said:
is unaware just how much oil and gas run our lives...

There are 42 gallons in ever barrel of oil
- 20 gallons gets refined into gasoline
- 4 gallons gets refined into jet fuel
- the other 18 gallons go towards everyday stuff (plastics, energy creation, etc...)

Oil and gas are the most widely consumed products on the globe, next to oxygen and water.
I think most people get it. I think most people are ok with it. I don't think most people are aware how much money is being made off it, and in some cases (like this one), the risks that are being taken in the name of profit margin. Maybe this will change things. The Gulf isn't some frozen place in Alaska no one had ever heard of. People are gonna care and they're gonna be pissed.
 

SanfordRJones

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Nov 17, 2006
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fishwater99 said:
All BP cares about is rtheir bottom line and shareholders and their stock is finally tanking.
Regulation is what has created a market whereby they can have thousands of gallons of oil gushing into the ocean, crippling the Gulf Coast's fishing, shrimping, oyster, and tourism industry. A private company can drill in unowned water because of a regulation disallowing the private ownership of portions of the ocean (otherwise, the oil companies, fishing industries, etc. would own the land they used, just like on land). BP will try to get away without having to compensate all the victims through regulation. Otherwise, they would be on the hook for everything. The possibly that BP could file Chapter 11 to avoid having to pay for all the cleanup is more regulation. Otherwise, the individuals responsible (whether through faulty design or faulty execution) would not be able to hide behind a corporation to avoid criminal liability.

Yet, you want more regulation? Maybe you should stick to parroting Coach34's basketball posts.
 

Eureka Dog

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Feb 25, 2008
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Who exactly would the gov't. hire to plug that well?

I can see it now: The Feds hire former BP workers to plug the leak. ... at a daily rate of $_______ (fill in the blank with a lot of zeros). Then, at some point after the gov't. takes over control of the situation,our "humble elected servants" decide thatthe taxpayers should foot the billto pay for the damage occurring post takeover.

Meanwhile our POTUS, who wants to talk with the terrorists and everbody else who has bad feelings toward the USA, remains firm in his stance not to speak to the bigwigs at BP.

The voting public needs to do a little self-examination on how we make our decisions leading up to Election Day(s). We haven't done a very good job over the last 90+ years.
 

boomboommsu

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....a Republican ruins it by opening their mouth.

"Regulation is what has created a market whereby they can have thousands of gallons of oil gushing into the ocean, crippling the Gulf Coast's fishing, shrimping, oyster, and tourism industry."

you don't realize that without regulation it would have happened many times more? we tried the laissez faire approach to industry. it died among reasonable people right about when the Ohio river actually caught fire.
 

therightway

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The free market would push exploration to waters that do not require pre drilled relief wells until oil started getting sparse. Therefore we would go back to buying more oil from countries that hate us.
 
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