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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (161609)	12/23/2011 8:38:28 AM
From: Bearcatbob	7 Recommendations Read Replies (1) \| Respond to of 206195

"There is a world of difference between the two spills in terms of duration, size and location. " And damage. IMO the biggest GOM damage was done by a hyperactive media reaction - combined with political opportunism. Bob

To: kidl who wrote (161609)	12/23/2011 9:00:31 AM
From: elmatador	Read Replies (1) \| Respond to of 206195

Governments around the world are paying closer attention to how energy explorers drill into high-pressure deposits of crude and natural gas as much as 8 miles beneath the sea surface. Chevron’s Brazil incident took place after a ConocoPhillips leak in China and prior to what may be Nigeria’s biggest spill in a decade at a Royal Dutch Shell Plc facility. “There’s been just such a rash of them that governments have got to act tough” with oil companies, Allen Brooks, a managing director at energy-investment bank PPHB LP in Houston and Chevron shareholder, said in a phone interview. Since the BP accident “every spill after that is heightened in terms of media attention and obviously government concern.” ConocoPhillips was criticized by the People’s Daily, China’s Communist Party newspaper, for “negligence, cover-ups and cheating” in its handling of a June leak in Bohai Bay. Premier Wen Jiabao ordered a “thorough” investigation in September. In Nigeria, Royal Dutch Shell shut its 200,000 barrel-a-day Bonga field this week after a tanker-loading accident caused less than 40,000 barrels of crude to leak. businessweek.com