You Bet Your BP

Accuracy in Academia ^ | July 2, 2010 | James F. Davis

[bs9021]

You Bet Your BP

James F. Davis, July 2, 2010

It has been 2.5 months since BP’s subcontracted deepwater, floating drilling unit exploded, discharging oil ever since. Public opinion says BP should be punished. And so they have.

President Obama extorted $20 billion from BP to distribute to the victims of this disaster by an “independent third party.’’ ‘Independent’ to the President is his personal czar, accountable only to him. Such dishonest chutzpah!

Obama also extorted another $100 million from BP to pay the salaries of the tens of thousands of workers who are being forced into unemployment by Obama due to his six-month drilling ban of such rigs. Although the experts assembled by Obama said shutting down the wells would increase the likelihood of another disaster, the Administration published a report, lying, saying the opposite! Hey when they have the press covering for them, they can get away with anything.

The reason this accident happened can be traced back to the government. They cut a deal with the oil companies after the1989 Exxon-Valdez tanker leak disaster.

In exchange for passing a law of a cap on the oil company’s liability to $75 million per disaster (conveniently ignored by Obama), the government got the right to tell the oil companies where they could drill.

So Congress passed a law prohibiting oil companies from drilling in shallow water off our coasts where the chance of such disasters would be minimal. No, they forced the oil companies to drill five miles below the surface of the water, making it much more costly and dangerous to extract. Of course the government said they would monitor these deep wells, of which they knew nothing....

[kempster]

I miss Dan Rowan and Dick Martin! They would have loved that headline.

[Raider Sam]

There are some technical issues with this article.

1) The Rig didnt explode, the casing broke the BOP which sent gas up the riser that sparked on the surface, and when it was consumed in fire, the rig platform fell over, puncturing the riser, which is what led to the spill.

2) We still can drill on the shelf (shallowater). We do it in Missippi, Louisiana, and Texas. It is a lot less risky, but a lot less profitable. The oil is easy to get to, but there is not as much of it.

3) The main reason we are drilling offshore is the reserves are much larger. The flow rate of 50,000 barrels per day being spilled shows why BP wanted to drill there. Most wells have a flow of 8-10,000 barrels per day. We arent drilling deep just because we were made to go there. We are drilling deep because that is wehre the monster finds are.