Jump to content
Join the Unexplained Mysteries community today! It's free and setting up an account only takes a moment.
- Sign In or Create Account -
Hankenhunter

Big Trouble for Big Energy

Recommended Posts

 
Doug1029

Don't know whether this is good or bad.  Big companies need to be called to account - Exxon still hasn't cleaned up the Exxon Valdez oil spill and probably never will.  On the other hand, we will need some of those companies to convert to renewable energy.  Bankrupting most of them won't serve that purpose at all.  Maybe some sort of statute-of-limitations?

Doug

Share this post


Link to post
Share on other sites
tmcom

BHP, is throwing 400million at it, which is a tiny token, or for them good PR, to keep the nutters happy and carry on.

B)

Share this post


Link to post
Share on other sites
Doug1029
57 minutes ago, tmcom said:

BHP, is throwing 400million at it, which is a tiny token, or for them good PR, to keep the nutters happy and carry on.

B)

When Deepwater Horizon first blew out there was talk of holding BP strictly responsible.  That provoked a lot of whining from the British whose pension funds are heavily-invested in BP.  I'd suggest they find a safer place for their pension funds.

The Deepwater Horizon accident could have been prevented by a $25 battery in the blowout preventer.  Shoddy maintenance and a company man who wanted to take maintenance shortcuts.

We just had an example of that in the Oklahoma oil patch.  About 6:00 p.m. one evening, one of the engines in the top assembly of one of my daughter's wells broke down.  They called the maintenance guy who had to drive out from Muscogee - four hour drive.  He got there about 1:30 a.m. and replaced a broken part.  Then he decided to test the engine.  Another part broke.  So he called down to OKC and they sent out a replacement.  It got there about 5:00 a.m.  The maintenance guy replaced it and again tested the top assembly.  A third part broke.  The company man (a new guy) in desperation, ordered the complete replacement of the entire top assembly.  Net result:  entire rig idle for 2.5 days while repairs were under way.  That's about $25,000 plus the cost of parts.  All because the previous company man didn't see that the maintenance was being done.

Company men aren;t real into maintenance, anyway.  They work for the lease owner.  It is the drilling company that suffers the loss when equipment breaks.  Maybe  we could do something, like require the lease holder to share costs when equipment breaks.

 

As long as we depend on oil and gas, we are going to have spills and leakages.  That's part of the business.  It's as much the fault of people who buy gasoline as it is the energy companies who sell it.

Doug

Share this post


Link to post
Share on other sites
Dark_Grey
14 hours ago, Hankenhunter said:

"...and the big energy companies admitted guilt, changed their ways and the cost was never passed on to the consumer. The End."

Pffffft

Share this post


Link to post
Share on other sites
Doug1029
12 minutes ago, Dark_Grey said:

"...and the big energy companies admitted guilt, changed their ways and the cost was never passed on to the consumer. The End."

Pffffft

The cost is always passed on to the consumer.  It won't be the crew - they don't have that much money.  If the company pays, it might go belly up.  So the cost gets passed along because there is no other way to pay for cleanup.

Doug

Share this post


Link to post
Share on other sites
Dark_Grey
9 minutes ago, Doug1029 said:

The cost is always passed on to the consumer.  It won't be the crew - they don't have that much money.  If the company pays, it might go belly up.  So the cost gets passed along because there is no other way to pay for cleanup.

Doug

What's the estimated cost of damages? Is it really enough to sink an energy giant?

Share this post


Link to post
Share on other sites
Doug1029
9 minutes ago, Dark_Grey said:

What's the estimated cost of damages? Is it really enough to sink an energy giant?

That depends on the costs and the company.  The lease holder (Big Oil) usually pushes all its liabilities onto the drilling company and other contractors.  If something goes wrong, it is because the driller/mud logger/tracking company didn't do something right.   The only person on site from the lease holder is the company man.  Because he makes a lot of decisions, the lease holder still has liability for anything that can be blamed on him.  Thus, lawyers try to pin everything on the company man.  Sometimes it works, but not always.

Doug

Share this post


Link to post
Share on other sites
Dark_Grey
16 minutes ago, Doug1029 said:

That depends on the costs and the company.  The lease holder (Big Oil) usually pushes all its liabilities onto the drilling company and other contractors.  If something goes wrong, it is because the driller/mud logger/tracking company didn't do something right.   The only person on site from the lease holder is the company man.  Because he makes a lot of decisions, the lease holder still has liability for anything that can be blamed on him.  Thus, lawyers try to pin everything on the company man.  Sometimes it works, but not always.

Doug

I should have guessed that. Of course the real polluters are hiding behind layers of bureaucracy and legalities.

Laws are for the working class now, eh my man?

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.