Download Deep Water: The Gulf Oil Disaster and the Future of Offshore by National Commission on the BP Deepwater Horizon Oil Spill PDF

By National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling

On April 20, 2010, the Macondo good blew out, costing the lives of eleven males, and starting a disaster that sank the Deepwater Horizon drilling rig and spilled approximately five million barrels of crude oil into the Gulf of Mexico. The spill disrupted a complete area s financial system, broken fisheries and demanding habitats, and taken vividly to gentle the hazards of deepwater drilling for oil and gasoline the newest frontier within the nationwide power offer. quickly after, President Barack Obama appointed a seven-member fee to enquire the catastrophe, research its motives and results, and suggest the activities essential to reduce such dangers sooner or later. The fee s file bargains the yank public and policymakers alike the fullest account on hand of what occurred within the Gulf and why, and proposes activities alterations in corporation habit, reform of executive oversight, and investments in learn and expertise required as strikes ahead to satisfy the state s power wishes.

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Additional info for Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling

Sample text

In this game, we don’t have chips or coins or dollar bills that can change hands over and over again. ”53 The Era of Uncertainty The long cycles of oil exploration and development do not always align well with the shorter cycles of the economy. Just as Shell bet heavily on deepwater, the severe recession in 1981 further depressed falling oil demand. S. S. economy. 55 Expensive Gulf development projects were canceled or shelved. Construction of mobile drilling vessels and other kinds of offshore-servicing equipment fell sharply.

50 Strong political opposition to area-wide leasing by some coastal states and environmental organizations stymied its effective use in other parts of the nation (see Chapter 3), but not in the Gulf, where oil companies had long operated. Established infrastructure and abundant geological information there could be put to more flexible use under a more open system. Oil companies responded to area-wide leasing by bidding aggressively for attractive blocks on the continental shelf, while making a number of speculative bids on acreage ranging into 3,000-foot depths beyond the edge of the shelf.

The managers had taken a final muster and 11 men were missing: Jason Anderson, Dale Burkeen, Donald Clark, Stephen Curtis, Roy Kemp, Gordon Jones, Karl Dale Kleppinger, Blair Manuel, Dewey Revette, Shane Roshto, and Adam Weise. The survivors sat on the boat in shock and watched the firestorm on the rig rage unabated, its plume of black smoke boiling up high into the night. , the rig listed and rotated in the wake of more secondary explosions. , the Deepwater Horizon had spun 180 degrees and, its dynamic positioners dead, moved 1,600 feet from the well.

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