SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (250240)5/27/2010 11:05:31 AM
From: stockman_scottRespond to of 306849
 
BP Decisions Set Stage for Disaster

professional.wsj.com

<<...A Wall Street Journal investigation provides the most complete account so far of the fateful decisions that preceded the blast. BP made choices over the course of the project that rendered this well more vulnerable to the blowout, which unleashed a spew of crude oil that engineers are struggling to stanch.

BP, for instance, cut short a procedure involving drilling fluid that is designed to detect gas in the well and remove it before it becomes a problem, according to documents belonging to BP and to the drilling rig's owner and operator, Transocean Ltd.

BP also skipped a quality test of the cement around the pipe—another buffer against gas—despite what BP now says were signs of problems with the cement job and despite a warning from cement contractor Halliburton Co.

Once gas was rising, the design and procedures BP had chosen for the well likely gave this perilous gas an easier path up and out, say well-control experts. . .

Finally, a BP manager overseeing final well tests apparently had scant experience in deep-water drilling. He told investigators he was on the rig to "learn about deep water," according to notes of an interview with him seen by the Journal...>>



To: Tommaso who wrote (250240)5/27/2010 11:30:36 AM
From: RetiredNowRespond to of 306849
 
Sure, I knew your post was tongue in cheek. I just like to balance out the jokes and/or debate with the other side of the coin. Below are a few things to think about.

Obama's experiment in Keynesian economics will put that economic theory to rest for all time. I'm also hoping that the wise people in our country will also realize that the Bush/GOP theories of "deficit don't matter", endless war, completely unregulated business, and increasing dependence on oil and coal have also been adventurous experiments into disastrous thinking.

One day soon, a person and/or a party will emerge with rational, practical thoughts on how to start the healing process. I hope that person has the force of personality to help every day Americans understand that there is no cure to what ails us that won't involve steep tax hikes and deep spending cuts. Austerity is what is needed, not Obama's Keynesian profligacy nor the GOP's misguided efforts to unleash laissez faire economics on an unsuspecting populous.