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Gulf Bacteria Quickly Digested Spilled Methane
masterwit writes "From an AAAS news release: 'Bacteria made quick work of the methane released by the Deepwater Horizon blowout, digesting most of the gas within the four months after its release, according to a new study published online at ScienceExpress.' This study, however, did not deal with other chemicals (oil) from the disaster's fallout. A glimpse of good news from the disaster's aftermath."
Reader iamrmani points out a related article suggesting that things may be looking up for BP after the Presidential Commission said blame for the disaster should be shared with service contractors and government regulators.
Well, I agree with you there that the ultimate responsibility is those who stand to profit.
On the other hand, regulators do get paid to do this work. It is not really "our" fault they failed to do their job, it's the fault of the regulatory bureaucracy that we have hired to do it. Trust me, the regulators aren't starving civil servants who do it just because they are looking out for our interests. They get decent pay and very good benefits. The only part of it that is "ours" is the dime they they are getting their benefits on.
Again, not looking to deflect blame here, but if our regulators are asleep at the wheel, or worse, getting too chummy with their subjects, they need to be given a serious reprimand.
For now, we need oil and we have to have both corporations and regulators who will make sure it is obtained in the least hazardous way possible. There is surely more than enough blame to go around on this particular issue.
Well, the MMS was f'd up beyond all belief and one simple rule that the Canadians require would have made the response take weeks instead of months, require the relief well be drilled in parallel with the main bore. That simple regulation would have meant a small portable rig would have been all that was needed to finish off the kill shot. If you think that ANY company will take safety more seriously than the cost of f'ing up then I have news for you, that's not how capitalism works which is why we need strong regulations despite what crazy folks want.
There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
Before the spill, BP was trading at $60+/share. Today, they're at $45/share. I can't help but think that since they have already paid out most of the money that will have to and since they have settled most of the claims, and since the well is good and dead, that the stock price has to recover to it's previous levels. If you buy today at $45 and it recovers only to $60 in a year, then that's still a 33% return on investment, which is absolutely terrific, especially in a down economy. Any thoughts?
Safety laws covering any particular industry typically get written by that industry itself, or rather by the large players with the biggest pull in Washington. Who else has the knowledge necessary to write that regulation, random civil servants, or the Congressmen? If you were going to have experts on every detail of every industry that the government regulates in Washington you would need couple of more Washingtons to house them all. There are no two opposing sides here, there is only one side. That's why BP will get away with hardly any punishment, and will even get most of the compensation fund that it already paid back with interest. Competition and tort laws are what make companies behave, not the government.
Negative moral value of force outweighs the positive value of good intentions.
The British government? This is a majority American-owned company. It was founded, and is still currently headquartered in Britain, but has been a mostly American company since it merged with Amoco (and really, was majority US owned by investors before that). The British government is far less affected by the success or failure of this company than the American government - so no, it's unlikely Obama or his successor will let it go under any time soon. As the fourth largest company in the world, it has revenues that make companies like General Motors look like they're trading in junk bonds.
Also, what's called "Beyond"? BP isn't. It's called BP. "Beyond Petroleum" is a marketing slogan - a tagline, if you will, indicating they're investing in more than just gasoline. Up until the Deepwater Horizon debacle, BP was considered one of the greenest petroleum companies, and had been making the most scientific advances in cleaner fuels and alternative fuels. It's received many acknowledgements and awards for this; Although of course all that work has now been nullified by the Deepwater incident, and pundits will undoubtedly view any future advances BP makes in ecological technologies as "trying to make up for Deepwater", despite their history in working to that goal.
"The true measure of a person is how they act when they know they won't get caught." - DSRilk
Actually companies weigh this all on a risk basis. This is fundamental to every operational institution and the risk is always monetized. You can bet your bottom dollar if someone predicted that the well would blowout that millions would have been spent on a relief well being drilled as well. However the key failing is that the risk that was initially estimated was not updated based on operating conditions thanks to low level management.
You think the message that the well had fractured during drilling was fed back up to the CEO? I think it would have been filed somewhere in a log and the risk graphs not updated. You think the fact that the correct centralisers couldn't be sourced was fed back up to the CEO who does these risk calculations? In reality it was signed off by some engineer not even anywhere near as high as the plant manager.
No company in their right mind would knowingly accept the risk of the well. The problem is this occurred during normal operation. Before the well fractured the risk was low. When it fractured it was slightly higher, when maintenance was not performed on the BOP it was higher again. The risk continued to climb due to failure of maintenance of the Horizon's equipment, then again when Halliburton used a cement that even they thought wouldn't hold the well. THEN AGAIN when they pumped the drilling mud out.
None of these individual decisions would have caused a blow-out, and thus none get passed onto higher up. If you OSHA fining your plant daily, that gets reported to the top. If you have a major single safety breach that gets reported to the top. The top then make the financial and risk decisions based on this information. But if you have a long train of small things go wrong then it wouldn't ever appear on any risk graph. You can run the safest plant in the world, however at midnight an emergency shutdown valve could be playing up resulting in one entrepreneurial operator putting a cable tie around the reset switch on the valve. The defeated ESD system could then fail to act in an incident and kill everyone on site. The papers and the masses would still ultimately crucify the company for it's safety practices despite the best intentions of the CEO.