The Christian Science Monitor details 5 decisions by BP on the Deep Horizon drilling that saved costs but added to risks: (1) foregoing section casing and tiebacks, (2) using only 1/3 the recommended number of stabilizers, (3) failure to test the cement seal, (4) implementing only partial mud circulation, and (5) failure to secure the wellhead. And they don’t even mention the acoustic shut-off switch.
Notwithstanding, the Wall Street Journal reports that the White House misrepresented the recommendations of a panel of experts from the National Academy of Engineering regarding details of a proposed moratorium. And I must say that I find the suggestion that the company should compensate oil workers from other firms put out of work by the government’s moratorium deeply troubling. I see no economic or legal rationale for this, but I understand the politics– let’s use somebody else’s money to buy off those groups that the government’s own decisions may anger.
And just whose money shall we use? Well, BP’s, of course, which stands for British Pensioners.