What makes you think it wasn't designed to do so? The point you seem to
be missing is that the blowout preventer did not work the way it was
supposed to work, and while one can speculate forever about the reason,
we won't _know_ the reason until they get the well closed off and
recover the non-functional preventer.
Listen, butthead -- I didn't say I had answers, but I did say the
talent charged with having the answers failed. So, yes, my summation is
easy, but not particularly trivial.
If you've got the engineering savvy, use it.
Otherwise, you're trivial, and so is your challenge.
I've got enough engineering savvy to know that until we know what went
wrong there't no point in trying to figure out how to fix it. And
whether the designers "failed" depends on what went wrong--you can't
ever anticipate _everything_ and there are some things that it's not
possible to deal with in the design.
I'm not the one going on about how other people doing work that I don't
understand have "failed".
But you don't know what went wrong. You don't even know what you don't know.
The problem may have been an engineering failure, a human mistake, a
terrorist attack, a rogue submarine, a freak wave, or even a
previously-unknown monster from the deep.
Or even a reaction from the giant asteroid that hit the region awhile ago.
(ok, *quite* awhile)
Or a deep sea vent bent the pipe.
Or Pelosi and Reed hired the job done.
Max (whenever you all get thru "drilling" put the project together and let's
Problem is that those who reap the rewards aren't the ones who pay for
the "risk" when things go wrong. And if Murphy has taught us anything
it's that things WILL go wrong.
When the actions of one small group of people can have a significant
negative impact on the lives and the economies of at least three
states, and a neighboring country, they better have a LOT of liability
insurance and we're not talking about millions - but billions.
Would be interesting to see what Lloyds of London would want to provide
such insurance. Folks that put themselves on the hook to pay for fixing
things when they go wrong are probably much better at estimating the
risk that are oils companies, or regulatory agencies - especially those
gutted by "deregulation" (read "here's the hen house. Fox - keep an eye
on the place")
The investors take the risk, reap the rewards and pay for the failures?
What on earth are you talking about?
Well, they have no liability insurance, they are self insured. As for a
small group of people, my guess is the number of people owning BP,
including pension funds, mutual funds and individual investors would
likely make that "small group" larger than you think.
Apparently more than the company was willing to risk.
That's not actually entirely true. Much like the banking fiasco, the
corporation did take the risk and it did reap rewards BUT at least
some of the downside is being layed off on the the public coffers. It
costs a whole bunch of money to have the USCG and Navy and the other
alphabet soup of agencies there to try and help. Moreover, I really
doubt BP will end up footing the entire bill of what happens to that
ecosystem. The damage will likely linger for years and the fishery
will thus be impacted. Unless BP hires every person in the area who is
affected, and pays them a comparable wage for the duration of the
impact, someone *else* is picking up their tab in some degree.
I'm a free market guy - little or no regulation is fine with me.
HOWEVER, when someone screws up, even unintentionally, they should be
accountable for the consequences. If they cause harm criminally,
negligently, or intentionally they should also pay punitive damages.
This is as true for a corp as for an individual.
In actual fact, there is a government bailout underway there already,
it's just far more subtle than TARP. Naturally (to use your
nice turn of phrase) Ali Bama And The 40 Thieves running D.C. will
use this as further opportunity to grow the state.
Tim Daneliuk firstname.lastname@example.org
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