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Lessons from the Gulf

By       Message Stephen Lendman     Permalink
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Lessons from the Gulf - by Stephen Lendman


On April 22, AP reported the news - an initial April 20 explosion, then a larger one igniting Deepwater Horizon's oil drilling platform that burned for more than a day before sinking and releasing thousands of barrels of oil daily into surrounding waters, enough potentially to cause the greatest ever environmental disaster if not sealed in time to prevent.


Transocean Ltd. owned and operated the Deepwater Horizon platform under contract to BP Exploration and Production Inc., a division of BP - 4th on Fortune Global 500 with $239 billion in 2009 operating revenue and $14 billion in profits. It ranked fourth behind Royal Dutch Shell, Exxon Mobil and Wal-Mart. Of the world's 10 largest companies, six are oil giants. Transocean, an offshore drilling contractor, owns operates about 140 drilling rigs. More on its culpability below.


On April 29, the Institute for Southern Studies published "Facts and Figures" about the Gulf explosion and emerging disaster saying:


-- the rig operated 41 miles off Louisiana's coast;


-- the explosion and fire occurred on April 20;


-- 126 crew members operated the platform, 11 remain missing and are presumed dead;


-- since 2001, 69 deaths and 1,349 injuries have occurred from Gulf drilling operations as a result of 858 fires and explosions on 90 big rigs and 3,500 production platforms;


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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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