Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73463)	5/12/2010 4:17:44 AM
From: maceng2	Read Replies (2) of 74559

Blame the regulator? BP, according to the available news, said they knew what they were doing when they asked for permission to drill this well. That is obviously not the case. There is a rumour that the blow out has caused considerable damage to the sea bed, and that the amount of oil leaking is in the 200,000 barrels a day region. The news is being suppressed, and that is why we are getting conflicting information about the extent of the leak. The news is so bad they are not even telling us. The subcontractors seem to up to all sorts of no good as well. Rubber stamping checks and things that are required for safe operation. All this was being done while BP was saying it was all good and under control. As far as nationalized industries are concerned it looks as if BP will soon be added to the list. The tax payer picking up the tab after private industry, run by individuals who were paid vast sums of money, made a total screw up of things. The denial is running so deep, even ex employees are trying to blame the USA government for the spill. It doesn't look as if any progress will be made soon. Scratch the oil can rule. No current or ex employee of BP should be let anywhere near the GOM for any reason. It's going to take a hurricane force sea change to get BP to learn how to run an oil business safely.

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