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Publicly-traded companies in Business Insider's list of top pipeline operators with the most...

Publicly-traded companies in Business Insider's list of top pipeline operators with the most "significant incidents" - i.e., spills or injuries - in the U.S.: KMP, EPD, SXL, PXP, EEP, BPL, RDS.A, MMP, XOM, PSX, OKS, MPC, CVX.
Comments (17)
  • What's the point? Should we eliminate solar and water power because people get sun burn and drown?
    26 Oct 2012, 05:46 PM Reply Like
  • Despite it's title, "Business Insider" seems to consistently display a pretty liberal POV. Not what I'd consider an "unbiased" source.
    26 Oct 2012, 06:05 PM Reply Like
  • Yes, because reporting on an operational failure that leads to a potentially harmful environmental incident makes you liberal?

     

    What would a conservative do? Look the other way and pretend nothing happened?
    26 Oct 2012, 09:35 PM Reply Like
  • Of course the biggest operators have more "incidents" than those that are a tiny fraction of their size. There have also been more people who have drowned in the ocean than in my swimming pool.
    26 Oct 2012, 07:02 PM Reply Like
  • Sooo, just out of curiosity, how many people have drowned in your swimming pool?
    26 Oct 2012, 11:42 PM Reply Like
  • With or without encouragement?
    26 Oct 2012, 11:53 PM Reply Like
  • Meaningless without some kind of measure such as SIPPM, significant incidents per pipeline mile or LiVEPSI, liquid volume equivalent per significant incident.
    26 Oct 2012, 07:12 PM Reply Like
  • Big surprise, the largest pipeline cos (e.g. KMP & EPD) with tens of thousands of miles of pipelines, have the most "incidents".
    26 Oct 2012, 10:24 PM Reply Like
  • The 'incidents" make the insurance rates go up and it's a bit like shoplifting or slip n falls at Micky Dees , it all make our prices go up.
    Ya, I can't wait to pay more for my gas in my 124 mpg Moped. If I wear a helmet I get 3 more mpg.too. If I put my wife on the back, well it goes down to, welI I shouldn't say. Therefore, she has a bike to get the groceries and the Blatz beer.
    27 Oct 2012, 12:35 AM Reply Like
  • Wouldn't this list would be more useful if they sorted it by damages in dollars/pipeline mile or gallons spilled/mile?
    27 Oct 2012, 04:44 AM Reply Like
  • So what are you trying to say its not dangerous work? This articles is a waste of time. The dont give the real cause of accidents. Its based over a 5 year time frame. I love it how America wants cheap gas and wants there cake so they can eat it to but they never stop to think of how much labor goes into something like this. What did you expect factory conditions? These guys are working outside in hot and cold climates. They are working with high pressurized natural gas. Stuff happens. Pipeline can fail and cause personal injury or death. I would love to see what happens if these guys didn't do there job. The country wouldn't move
    27 Oct 2012, 04:49 AM Reply Like
  • Let see if I got this straight. "The top pipeline operators that had the most significant incidents." Just how bad is that? Say a smaller operator with only 2000 mile of line that did not make the list had one incident and the top operator with 14000 mile of line had 2 incidents that makes the top operator a bad operator? What a liberal story!!
    27 Oct 2012, 07:34 AM Reply Like
  • I concur with hgv.
    27 Oct 2012, 09:43 AM Reply Like
  • Its akin to saying that there are more deaths in China - of course there will be owing to a larger population base.
    If this was normalized data, that would be a different story!
    27 Oct 2012, 11:22 AM Reply Like
  • So they're saying that the oil and gas industry is dangerous to work. OK thanks for that "new" information
    27 Oct 2012, 12:32 PM Reply Like
  • There's no such thing as a perfect world. Just keep paying those dividends.
    27 Oct 2012, 10:49 PM Reply Like
  • Safety has been a critical element of my 40 year manufacturing management career, including the last 12 years as a Corporate VP for Safety, Health and Environment. In the last 10 years we reduced injuries and incidents in our company worldwide by 95%. With this background I offer the following:
    1. There was no mention of the 8 people that lost their lives and the 21 that were seriously injured. This is the first priority and the primary measure of performance. Four companies failed.
    2. Mr Weimer of Pipeline Safety Trust is correct that to be useful these comparisons must be carefully managed to assure that the data between companies is consistent in quality and basis.
    3. Just looking at some of the variation in the data I suspect that the data collection process is inconsistent due to 3 factors; 1. inadequate definitions of what is reported, 2. a lack of third party review of the quality of reporting, and 3. inadequate penalties for improper reporting.
    4. In such a reporting environment, the number of incidents reported per mile, barrel, whatever, is not a good measurement. In fact a high number of incidents may indicate much more diligent reporting with emphasis on improving performance based on lessons learned. More accurate is an evaluation based on a lack of fatalities or serious injuries as well as a lower damage costs. ONEOK looks like best in class to me.
    5. Given the people cost as well as the damage costs since 2006, (until what year?) my professional opinion is that the industry as a group is not taking pipeline safety seriously and performance in general could improve substantially to the benefit of the public, their employees, the environment as well as shareholders. Spend more on prevention and less on clean-up and PR.
    6. A very important issue is how are these companies individually and collectively learning from these incidents to prevent all future incidents. If they are, there should be a clear improvement trend.

     

    Disclosure: I’m long in XOM and CVX, and now considering ONEOK
    28 Oct 2012, 10:22 PM Reply Like
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