BP's unquenchable greed and unwavering disregard for the environment
Just when I thought I couldn’t get any angrier at BP, those corporate pigs found new ways to infuriate me. First this:
The Trans-Alaska Pipeline, [47%] owned by BP, shut down on Tuesday after spilling several thousand barrels of crude oil.
And then, amazingly, this:
Even as BP’s blown well a mile beneath the surface in the Gulf of Mexico continues to gush forth an estimated 70,000 barrels of oil a day into the sea, and the fragile wetlands along the Gulf begin to get coated with crude, which is also headed into the Gulf Stream for a trip past the Everglades and on up the East Coast, the company is demanding that Canada lift its tight rules for drilling in the icy Beaufort Sea portion of the Arctic Ocean.
In an incredible display of corporate arrogance, BP is claiming that a current safety requirement that undersea wells drilled during the newly ice-free summer must also include a side relief well, so as to have a preventive measure in place that could shut down a blown well, is “too expensive” and should be eliminated.
Yet clearly, if the US had had such a provision in place, the Deepwater Horizon blowout could have been shut down right almost immediately after it blew out, just by turning of a valve or two, and then sealing off the blown wellhead.
A relief well is ”too expensive”?
The current Gulf blowout has already cost BP over half a billion dollars, according to the company’s own information. That doesn’t count the cost of mobilizing the Coast Guard, the Navy, and untold state and county resources, and it sure doesn’t count the cost of the damage to the Gulf Coast economy, or the cost of restoration of damaged wetlands. We’re talking at least $10s of billions, and maybe eventually $100s of billions. Weigh that against the cost of drilling a relief well, which BP claims will run about $100 million. The cost of such a well in the Arctic, where the sea is much shallower, would likely be a good deal less.
Such is the calculus of corruption. BP has paid $1.8 billion for drilling rights in Canada’s sector of the Beaufort Sea, about 150 miles north of the Northwest Territories coastline, an area which global warming has freed of ice in summer months. and it wants to drill there as cheaply as possible. The problem is that a blowout like the one that struck the Deepwater Horizon, if it occurred near the middle or end of summer, would mean it would be impossible for the oil company to drill a relief well until the following summer, because the return of ice floes would make drilling impossible all winter. That would mean an undersea wild well would be left to spew its contents out under the ice for perhaps eight or nine months, where its ecological havoc would be incalculable.
Posted by James on Wednesday, May 26, 2010