Louisiana Spill: Big Oil's Chernobyl?

Investors.com ^ | April 30, 2010 | INVESTORS BUSINESS DAILY Staff

[RobbyS]

Not merely the educational system.

[RobbyS]

A bit like that mine explosion that killed about 30 people. Inherently dangerous, like a soldier going to war or a surgeon operating on someone’s heart, or a ship moving ay high speed among icebergs. Every great endeavor sometimes ends in failure. Our task is not to lose heart.

[gleeaikin]

What part of “being creative about conspiracies”, and “flesh out this fantasy” didn’t you understand. Furthermore, while we are linking Cheney and Halliburton, I got the impression in the later years of the Bush Administration that Cheney may have gotten frustrated with the Halliburton scandals on procurement and delivery contracts. I got the feeling he was distancing himself. Feel free to give me facts if I am mistaken.

[grey_whiskers]

Where's the "Just Damn" pinglist?

Cheers!

[danamco]

Firsthand report from a highly credible survivor— accident.

Then, just why would they send in the SWAT team to all the rigs, hmmmm???

[gleeaikin]

Here is a Market Watch story of the oil spill. There are a number of detailed/knowledgeable comments. One comment said GE’s Transocean Ltd. (RIG)/Cameron International were involved in the rig blow out preventer (BOP). Someone said Cameron made it, RIG responsible for upkeep of the BOP (10 years old), Haliburton had just poured the concrete. Wouldn’t you know it, BP and GE are the only stocks I own. :-(

http://www.marketwatch.com/story/exxon-valdez-and-the-birth-of-credit-default-swaps-2010-05-03

[mlocher]

Thanks for the information. Sorry about the stocks -- but long term you should be ok. The MSM is spinning this as best they can to make Obama look as good as they can. GE naturally is going to get a pass; only the name Transocean will be used in reports. Haliburton of course gets tossed in as a major culprit because they are EVIL, not just EVIL, but Cheney EVIL.

The other side of the story is Obama standing up and saying BP is to blame. Since when is he a member of the Judicial Branch of our government? I believe that we have courts to interpret the law and contracts to determine which companies will be responsible for which portions of the damage.

In my mind, the big story is how the Obama administration is playing the blame game for political gain.

[Frantzie]

I would not own GE. 10 year old BOP? Not good. How does GE own Transocean (RIG)?