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Today's rig fire in the Gulf of Mexico and the fuel tanker run aground in Canada play right into...

Today's rig fire in the Gulf of Mexico and the fuel tanker run aground in Canada play right into the hands of those eager to keep or expand moratoriums on oil drilling. We're told the incidents aren't serious, but we've heard that line before.
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Comments (15)
  • bigbenorr
    , contributor
    Comments (793) | Send Message
     
    how does drilling have anything to do with either of these incidents? You should advocate a ban on oil production or transport.
    2 Sep 2010, 06:58 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    bigbenorr, what makes you think the goal of these bans has anything to do with common sense or logic?

     

    Except for those with their head in the sand, the cause of the drilling ban is well known and well understood. All of you that work in the oil industry and voted for the destroyer, I hope you are happy with your reward.
    2 Sep 2010, 07:35 PM Reply Like
  • dixie
    , contributor
    Comments (276) | Send Message
     
    This story only plays into the hands of media hysterics. It will enable them to build a mountain out of a mole hill and then have the Nobama types wanting to believe all of the sensational headlines.
    2 Sep 2010, 09:42 PM Reply Like
  • old diogenes
    , contributor
    Comments (18) | Send Message
     
    What if the price of oil was drifting too low....

     

    Caution! Cynical / paranoid mind at work(?), here... I'm not sure I believe that off the top; but a second explosion within months of the first dangerous operating problem for decades should raise eyebrows in a number of dimensions.
    2 Sep 2010, 10:50 PM Reply Like
  • InvestmentMAGE
    , contributor
    Comments (10) | Send Message
     
    Once is an accident. Twice is coincidence. Three times is an enemy action. (taken from Ian Fleming's novel Goldfinger)
    3 Sep 2010, 04:36 AM Reply Like
  • SaBiN
    , contributor
    Comments (37) | Send Message
     
    Contango anyone?

     

    What's the point of pumping or drilling miles beneath the ocean and sea?
    2 Sep 2010, 11:06 PM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    How do you provoke inflation? We all know the government desperately needs it. Its what Uncle Ben's been trying to do for the last two years. Debt of such magnitude as ours cannot be paid back through growth or taxes. Only inflation.

     

    So how do you provoke inflation? If ZIRP ain't working, then what do you do if you're the government?

     

    Energy.

     

    You must have a modest to severe oil shock like we did in the late 70's to provoke inflation. If you can get a moratorium established on any new drilling in the GOM then you can create a huge spike in oil prices in 18 months.

     

    If you can do that, then you can cause practically everything in the CPI to rise as if it were suddenly on fire.

     

    Oil rigs exploding in the GOM are rare occurrences. Sure, they do happen, but never two in a row. There is something seriously afoot here.

     

    This is not a conspiracy theory, its a conspiracy fact that is waiting for the actors to be revealed in the course of due time, but be revealed they'll be.
    3 Sep 2010, 12:24 AM Reply Like
  • garveym
    , contributor
    Comments (33) | Send Message
     
    Ugh. In looking at several of the comments here thus far - speaking of pollution!
    3 Sep 2010, 01:13 AM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    I'm certain the Middle East and China would be happy for us to ban drilling for our own oil.
    3 Sep 2010, 02:48 AM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    We'll probably just have no choice but to start accepting Iranian oil here shortly. Then of course, we'll expect the hate to go away and be really confused when it doesn't. So much for experience.
    3 Sep 2010, 09:32 AM Reply Like
  • garveym
    , contributor
    Comments (33) | Send Message
     
    MMS data indicates that 509 rig fires have occurred in the Gulf since 2006 with nine of them being classified as "Major" - so around 2 "major" fires on average per year with around 100 total per year on average.

     

    From the Houston Chronicle:

     

    www.chron.com/disp/sto...

     

    The whole issue has heightened media scrutiny since the BP incident, therefore reporting on such issues is likely to increase. It is the media coverage - not really the statistics that have shifted here.

     

    Look at the actual data before jumping to conspiracy theories based on media reports.
    3 Sep 2010, 10:04 AM Reply Like
  • SaBiN
    , contributor
    Comments (37) | Send Message
     
    That's one way to look at the situation.

     

    Another would be to say that the media is shedding light on how dangerous these things are - almost 100 fires and 2 being major per year.

     

    Thanks for shedding light on how dangerous these jobs are and how vulnerable they are to national security. I'd say the Fed #1 with Energy being #2 with regards to national security.
    3 Sep 2010, 02:17 PM Reply Like
  • garveym
    , contributor
    Comments (33) | Send Message
     
    Sabin - I think I may have written my note a bit too quickly and wasn't careful about how else it may have been taken. I was mostly writing in regard to the frequency not really being outside the norm - counter to the conspiracy theorist types.

     

    Did not mean to imply a "ho-hum" business-as-usual attitude towards the severity of such incidents and the harm they cause to both people and the environment.

     

    It is a tough, dangerous and risky business for sure!
    3 Sep 2010, 02:47 PM Reply Like
  • garveym
    , contributor
    Comments (33) | Send Message
     
    One additional way to look at it is that there are approximately 4,000 rigs operating in the gulf.

     

    oceanexplorer.noaa.gov...

     

    That would mean statistically on average nearly 1 in 40 rigs has a fire of some sort each year - or every rig would have a fire once in 40 or so years of operating history.
    3 Sep 2010, 03:05 PM Reply Like
  • dixie
    , contributor
    Comments (276) | Send Message
     
    Conspiracy theories??????? This was a good, old fashioned fire. It was not an explosion unless you like dramatics. Sounds like most of you need to get a life and stop wasting time on the internet.
    3 Sep 2010, 04:26 PM Reply Like
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