
Since the rest of the Internet is doing it too, I thought it'd be a good idea, on the almost-eve of Earth Day, to remind folks that
one year ago today was the rig-fire that put a hole in the bottom of the sea.
The drilling company Transocean had its own way of
marking the occasion. 364 days without an accident is a pretty exemplary record, right? Poor old BP managed to lose about
$3.7billion over the year (about 1.4% of the company's total worth). Tony Hayward himself will have to live the rest of his life in exile with a measly
£600,000 a year pension. At least our good buddies Halliburton are
trucking right along.
Meanwhile, everybody with money in the game is
ticked off that
federal regulators haven't been
moving fast enough and have only
approved 11 new offshore drilling permits to compliment the 50,000 or so well-holes already in the Gulf. Mostly, the BOEMRE seems to be a little busy
making sure oil drillers will be cool with the new rules, which shouldn't be hard, since their primary source of safety consultation is the very impressive sounding
Center for Offshore Safety, a new conglomerated lobbying firm paid for by the American Petroleum Institute. So you know they know what they're talking about. Oh, and don't worry about
those blowout preventers, lab tests of the core design show they should work
at least half the time. Uh, ditto for the first new drilling permits being awarded to Noble Energy, whose ocean spill response plans
date to 2009.
Let me leave you on this anniversary with the inspiring words of BP Chairman,
Carl-Henric Svanberg-
It’s like with an airline. If you’ve had one accident you can’t have another one, you need to keep a rock-solid focus on safety. But this is an industry that always will involve risk. ... It is a burdensome road to regain the trust of the American people. The U.S. is one of the countries reacting the loudest when something happens, but maybe also the fastest country to note when someone performs well.