It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
A six-month government ban on deep-water drilling already has caused disruptions, forcing oil and gas firms to idle equipment and thousands of workers and scurry to redeploy them elsewhere. But even if the ban ends in November as scheduled, and it may not, Houston could feel the effects of the interruption long after.
Originally posted by HunkaHunka
So this is the third type of fallout... The negative economic effects of the reaction to the original problem has lasting ramifications as we become more cautious ...
Why didn't they think longer term? Why didn't bp find safety to be as important as it should have been?
So now Texas is going to be effected as well.... One wonders how deep these economic effects can ripple....
www.chron.com
(visit the link for the full news article)
NEW YORK — BP knew of problems with an offshore well hours before it exploded last month, spilling millions of gallons of oil into the Gulf of Mexico, a House committee chairman said Wednesday.
Rep. Henry Waxman, D-Calif., said the oil company told the Energy and Commerce subcommittee on oversight privately that the well failed a key pressure test just hours before it exploded on April 20.
The test indicated pressure was building up in the well, which could indicate oil or gas was seeping in and could lead to an explosion, said Waxman.
Originally posted by redgy
the demand for oil is so great that more and more rigs are needed every year, ...