Is BP's 'top kill' on the oil well going to work?
Discussion
twinturboz said:
Jimbeaux said:
The post above your says they are self-insured.
Yeah I know it was just explaining the ins and outs.Actually Jim a question for you seeing as your on the other side of the pond. This whole business about Obama stepping in to try to prevent BP paying a dividend, I suspect the media over there has widely reported the issue but what do the average Americans think of it.
Also and again I'm guessing this part has been kept quite in the media but has anyone picked up on the issue that Transocean are still going ahead and paying their dividend.
Edited by twinturboz on Friday 11th June 09:24
At what point are the local community going to start to believe that the best way for them to get compensation is directly from a still operating and profitable BP rather than allow it to get mullered and then have to try and get compensation from the administrators or US govt?
There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
DonkeyApple said:
At what point are the local community going to start to believe that the best way for them to get compensation is directly from a still operating and profitable BP rather than allow it to get mullered and then have to try and get compensation from the administrators or US govt?
There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
I have been saying that is already the case. Despite Obama's rantings, people understand that BP is paying the bills and it is important for them to stay afloat. Some of the world's finest and most robust oil support industries are in Texas and Louisiana; they understand better than others how overly bashing BP helps nobody.There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
Edited by Jimbeaux on Friday 11th June 14:21
Jimbeaux said:
DonkeyApple said:
At what point are the local community going to start to believe that the best way for them to get compensation is directly from a still operating and profitable BP rather than allow it to get mullered and then have to try and get compensation from the administrators or US govt?
There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
I have been saying that is already the case. Despite Obama's rantings, people understand that BP is paying the bills and it is important fo rthem to stay afloat. Some of the world's finest and most robust oil support industries are in Texas and Louisiana; they understand better than others how overly bashing BP helps nobody.There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
tinman0 said:
Any chance of an update on the situation JB? Seems daft not to ask you since you are more or less on the ground and the media is being less than transparent.
Yes, there does seem to be a lot of 'noise'; unverifiable accounts(some on borderline tinfoilhat sites) talking about people being prevented from cleaning their own beaches, police officers threatening arrest, oil collection equipment promised that doesn't arrive, poor use of equipment that does arrive due to little or no training, and generally conveying a feeling that it's a big cake-and-arse party, but someone even managed to forget the cake. The quantity of it suggests that it does exist, but the MSM is looking the other way, presumably distracted by some brightly coloured baloons or perhaps the offer of sweets and the opportunity to see some puppies.jim, as someone closer to this than the rest of us, what are your thoughts on the administration turning down offers of help from the abroad, specifically the state of the art belgian and dutch oil dredging ships? seems to me, every bit helps, and these would help A LOT, then send bp the bill later... ?
DonkeyApple said:
Jimbeaux said:
DonkeyApple said:
At what point are the local community going to start to believe that the best way for them to get compensation is directly from a still operating and profitable BP rather than allow it to get mullered and then have to try and get compensation from the administrators or US govt?
There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
I have been saying that is already the case. Despite Obama's rantings, people understand that BP is paying the bills and it is important fo rthem to stay afloat. Some of the world's finest and most robust oil support industries are in Texas and Louisiana; they understand better than others how overly bashing BP helps nobody.There has to be a turning point where those effected have to start supporting BP to ensure they get the best possible payout in the quickest possible time and only BP can do this. Any other entity will string them out till enough have commited suicide, died of old age and the media has long forgotten and is chasing a lady boy around Montana.
hidetheelephants said:
tinman0 said:
Any chance of an update on the situation JB? Seems daft not to ask you since you are more or less on the ground and the media is being less than transparent.
Yes, there does seem to be a lot of 'noise'; unverifiable accounts(some on borderline tinfoilhat sites) talking about people being prevented from cleaning their own beaches, police officers threatening arrest, oil collection equipment promised that doesn't arrive, poor use of equipment that does arrive due to little or no training, and generally conveying a feeling that it's a big cake-and-arse party, but someone even managed to forget the cake. The quantity of it suggests that it does exist, but the MSM is looking the other way, presumably distracted by some brightly coloured baloons or perhaps the offer of sweets and the opportunity to see some puppies.fbrs said:
jim, as someone closer to this than the rest of us, what are your thoughts on the administration turning down offers of help from the abroad, specifically the state of the art belgian and dutch oil dredging ships? seems to me, every bit helps, and these would help A LOT, then send bp the bill later... ?
That is on the federal level and not in out radius of authority; therefore, I am not up on the details. If I am not mistaken, BP, while encouraged to hire locally, can hire who they wish regardless of what the Feds say. Now, if they are threatening to block their entry to the country, I don't know. If this is happening, then it is stupid. I will fault BP for something.....there are many proven techniques available in the local area (we have been dealing with spilled oil for 100 years)that BP just does not entertain. They are a bit closed and incestuous about their efforts. I can understand their circle the wagons mentality given the hostility. I believe they are finally getting over this, however.Jimbeaux said:
fbrs said:
jim, as someone closer to this than the rest of us, what are your thoughts on the administration turning down offers of help from the abroad, specifically the state of the art belgian and dutch oil dredging ships? seems to me, every bit helps, and these would help A LOT, then send bp the bill later... ?
That is on the federal level and not in out radius of authority; therefore, I am not up on the details. If I am not mistaken, BP, while encouraged to hire locally, can hire who they wish regardless of what the Feds say. Now, if they are threatening to block their entry to the country, I don't know. If this is happening, then it is stupid. I will fault BP for something.....there are many proven techniques available in the local area (we have been dealing with spilled oil for 100 years)that BP just does not entertain. They are a bit closed and incestuous about their efforts. I can understand their circle the wagons mentality given the hostility. I believe they are finally getting over this, however.Is that relevant here?
twinturboz said:
Globulator said:
Transocean have a better record than BP on safety so they are probably not too worried, in Rolling Stone magazine it is quoted:
Not sure if those figures are true. I bet the analysis has been skewed to look bad against BP. It would be interesting to see the actual figures. Take for example this quote from the Wall Street Journal:RSM said:
Since 2007, according to analysis by the Center for Public Integrity, BP has received 760 citations for "egregious and willful" safety violations – those "committed with plain indifference to or intentional disregard for employee safety and health." The rest of the oil industry combined has received a total of one.
From what I have read over the past few days BP seem very big on 'cost cutting', obviously they are not very good at it.."An analysis of federal data by the Wall Street Journal has revealed that nearly three-quarters of incidents that triggered investigations into safety and other problems on deep water drilling rigs in the Gulf of Mexico since 2008 have been on rigs operated by Transocean, according to an analysis of federal data. Transocean defended its safety record but didn’t dispute the Journal’s analysis.
Moreover, safety lapses may have increased since Transocean acquired GlobalSantaFe in 2007.
Since the merger, Transocean has accounted for 24 of the 33 incidents investigated by the MMS, or 73%, despite during that time owning fewer than half the Gulf of Mexico rigs operating in more than 3,000 feet of water."
Edited by twinturboz on Friday 11th June 10:22
I find it hard to believe that if the 760 events were 'real' safety issues that those authorities issuing the citations did not take sterner action.
Jimbeaux said:
fbrs said:
jim, as someone closer to this than the rest of us, what are your thoughts on the administration turning down offers of help from the abroad, specifically the state of the art belgian and dutch oil dredging ships? seems to me, every bit helps, and these would help A LOT, then send bp the bill later... ?
That is on the federal level and not in out radius of authority; therefore, I am not up on the details. If I am not mistaken, BP, while encouraged to hire locally, can hire who they wish regardless of what the Feds say. Now, if they are threatening to block their entry to the country, I don't know. If this is happening, then it is stupid. I will fault BP for something.....there are many proven techniques available in the local area (we have been dealing with spilled oil for 100 years)that BP just does not entertain. They are a bit closed and incestuous about their efforts. I can understand their circle the wagons mentality given the hostility. I believe they are finally getting over this, however....tell the Belgians to to come in via El Paso.
ErnestM said:
Jimbeaux said:
fbrs said:
jim, as someone closer to this than the rest of us, what are your thoughts on the administration turning down offers of help from the abroad, specifically the state of the art belgian and dutch oil dredging ships? seems to me, every bit helps, and these would help A LOT, then send bp the bill later... ?
That is on the federal level and not in out radius of authority; therefore, I am not up on the details. If I am not mistaken, BP, while encouraged to hire locally, can hire who they wish regardless of what the Feds say. Now, if they are threatening to block their entry to the country, I don't know. If this is happening, then it is stupid. I will fault BP for something.....there are many proven techniques available in the local area (we have been dealing with spilled oil for 100 years)that BP just does not entertain. They are a bit closed and incestuous about their efforts. I can understand their circle the wagons mentality given the hostility. I believe they are finally getting over this, however....tell the Belgians to to come in via El Paso.
johnfm said:
How many of the 760 citations for "egregious and willful" safety violations are material and significant and how many are for kitchen staff not wearing a hairnet (or the jobsworth equivalent).
I find it hard to believe that if the 760 events were 'real' safety issues that those authorities issuing the citations did not take sterner action.
I don't know, but BPs 'name' for safety does seem rather low, this may be tilted because of the latest issue a bit though. I find it hard to believe that if the 760 events were 'real' safety issues that those authorities issuing the citations did not take sterner action.
However in 2003 BP had ample chance to learn the lessons it needed to - 7 years in fact. One would have thought the £4m a year the BP CEO Tony was paid to protect the interests of his shareholders would have allowed him to relax and make safety a #1 priority, but if _any_ of the reports were try it looks a rather short sighted 'scrimping on costs' was #1 instead. As a result of course all shareholders have a right to be very angry, you can save money on a lot of things - but not when the consequences are this enormous.
£4m per annum and still falls into a trap for young players - Doh! Money really has no correlation with competence does it?!
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