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If you're a pensioner.... look away, apparently...
http://www.dailymail.co.uk/news/article-1287222/BP-oil-spill-British-pensioners-pick-BP-compensation-fund.html
Someone, somewhere ends up paying and it's probably the consumer... (the environment is already paying) so if you thought the price of petrol at the pump was already high, watch this space.
http://www.clickgreen.org.uk/analysis/business-analysis/121388-bp-oil-spill-could-trigger-drop-in-green-investment,-expert-warns.html
deep joy!
what do you think?
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All a result of our ever demanding need for oil. Obviously procedures leading up to the disaster should be checked thoroughly to see if there are obvious mistakes that could have been made that should have been avoided. So that this kind of thing never happens again.
I imagine there will have been short cuts taken that may have caused this mess but I can't help but wonder whether the drilling moratorium in the Gulf of Mexico illustrated some of the hypocrisy of the US government over this matter. Much of the ansgt was rooted in the premise that BP should never have been drilling out at these depths and so drilling stopped after the explosion.
Subsequently, oil extraction now continues in the area with Exxon and Shell well out there. Of course the BP share price has been punished and the dividends axed in order to try and help pay for the $30 billion already allocated for damages but dispite the fact that various senators and the US public want to see BP go down, unfortunately it would seem that both UK and US economies might take quite a hit if that were to happen.
Latest reports are that the relief well is near to completion and the existing well is temporarily plugged ready for the cement to be pumped in for the 'Static kill' ( a final seal ) but Scientists are still worried that out of the 60 thousand barrels of oil per day that leaked out for however many months, still alot of it may reside under the surface of the water that hasn't yet surfaced.
It aint pretty, but it is deep.
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i do find it a little incredulous that there are some demands to 'ensure this never happens again'. when you consider the relative fragility of the materials that are being used in these conditions, surley it is going to happen again. chernobyl will i'm sure happen again.
super strong carbon masts splinter in shorebreaks, why do we expect a mile long metal tube dangling from a rig to be infallible, when pitted against the power and unpredictability of nature, and thats without the ever present fallibility of the humans operating the systems.
we demand everything now but seem shocked when our demands have repercussions which were realistically on the table from the start
we are only human
we make mistakes and we always will
watch this space for the next in the long line of disasters
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