Marina Schwarz + 1,576 February 26, 2019 BP chief likens U.S. oil sector to 'market without brain' Well, I didn't know markets had brains but if Dudley says they do, he must be right. Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH February 26, 2019 (edited) Why the heck BP is even allowed to operate anywhere near the US is beyond me. Our government is far too forgiving. However, he's not far off point. Edited February 26, 2019 by Justin Hicks Sentence addition Quote Share this post Link to post Share on other sites
Dan Warnick + 6,100 February 26, 2019 2 hours ago, Marina Schwarz said: BP chief likens U.S. oil sector to 'market without brain' Well, I didn't know markets had brains but if Dudley says they do, he must be right. We've got to get @William Edwards "s take on this. Where the heck has he been lately, anyway? 1 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,237 er February 27, 2019 12 hours ago, Marina Schwarz said: BP chief likens U.S. oil sector to 'market without brain' Well, I didn't know markets had brains but if Dudley says they do, he must be right. BP chief is trying to prop up prices. If at 53 a bbl say, and making a profit, I say "Drill baby Drill"/ and enjoy letting shareholders earn a little. He is wanting massive profits so he can retire in style I suppose. Crude too high, demand drops, it's been proven time and again. @Justin Hicks BP isn't just a drilling company or crude producer. Massive refinery down Houston way Texas City Tx. Not just gasoline, diesel refined there, it's a petrochemical refinery. https://www.bp.com/en_us/bp-us/what-we-do/petrochemicals/texas-city.html a 10 minute looksee at what is made there. Just some info. 2 Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 February 27, 2019 He meant it as a compliment but it does sound stupid and it's also inaccurate. Shale drillers drill even when there's too much in storage. That's because they can't very well stop drilling and wait out the price slump. Unless those that go bankrupt, of course. 1 Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 February 27, 2019 22 hours ago, Marina Schwarz said: BP chief likens U.S. oil sector to 'market without brain' Well, I didn't know markets had brains but if Dudley says they do, he must be right. Â Â And since we are on the topic of brainless but well-meaning cartoon characters... 1 3 Quote Share this post Link to post Share on other sites
James Regan + 1,776 February 27, 2019 On 2/26/2019 at 10:39 AM, Justin Hicks said: Why the heck BP is even allowed to operate anywhere near the US is beyond me. Our government is far too forgiving. However, he's not far off point. You missed a huge point which your comment is insinuating that being that Macondo was ran by BP USA and Transocean both out of Houston Texas. 1 Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH March 1, 2019 (edited) On 2/27/2019 at 9:31 AM, James Regan said: You missed a huge point which your comment is insinuating that being that Macondo was ran by BP USA and Transocean both out of Houston Texas. Nope never said anything of the sort. When I say BP I mean British Petroleum, the entity as a whole. BP and TransOcean both are known to cut corners to save costs, most companies do, however this one bit them in the ass hard and cost some very good men their lives. Â https://www.nola.com/news/gulf-oil-spill/2010/09/5_key_human_errors_colossal_me.html Edited March 1, 2019 by Justin Hicks 2 Quote Share this post Link to post Share on other sites
Oil_Engineer + 86 CH March 3, 2019 On 2/27/2019 at 12:43 AM, Marina Schwarz said: He meant it as a compliment but it does sound stupid and it's also inaccurate. Shale drillers drill even when there's too much in storage. That's because they can't very well stop drilling and wait out the price slump. Unless those that go bankrupt, of course. In some cases they have to drill or they will lose their concessions. Quote Share this post Link to post Share on other sites
bobby@3838 + 1 pg March 3, 2019 he is right in every way Quote Share this post Link to post Share on other sites
James Regan + 1,776 March 3, 2019 On 2/28/2019 at 11:34 PM, Justin Hicks said: Nope never said anything of the sort. When I say BP I mean British Petroleum, the entity as a whole. BP and TransOcean both are known to cut corners to save costs, most companies do, however this one bit them in the ass hard and cost some very good men their lives.  https://www.nola.com/news/gulf-oil-spill/2010/09/5_key_human_errors_colossal_me.html Justin, no worries not here to meme but your comment or as I mistakenly read it is the view of many from the USA, ie British Petroleum and the English Idiot they put in front of the camera portrayed it all as being at fault of a non American. By the by I was onboard on of the TO drillships involved in the immediate response plan two days after the incident. I was there as a specialist to oversee and immediate intervention ie to cap the stack this was months before they went out with the cone set up and subsequent capping stack. We were in a position to attempt a cap but it was called off due to the intense media that was damming BP, if the media mainly CNN who were showing live pictures on split screen from the ROV at the Riser Adapter of oil spewing out would have kept out of the initial response we may have seen a much shorter time line and we could have stopped the well spewing oil for months. A lot about the incident was not captured correctly by the press but I can assure you the press made this horrible event worse by the way they covered it during the initial first weeks. They forced all involved into a corner which most definitely had a negative reaction on how the blowout was dealt with. This is fact not just MO. Nothing we see is what it seems. 1 1 Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH March 4, 2019 Yes sir, and I fully understand your position and appreciate your expertise in the matter. My big deal with BP and any company( Patterson UTI comes immediately to mind) is the unnecessary loss of life due to cutting corners. Granted there's not a company in the world that hasn't cut corners to save costs or had inexperienced personnel in positions they had no business being in, however I believe they should be held fully accountable, and in my personal book that includes revocation of drilling privileges. Heavy handed? Perhaps.. But in my 25 years in the field I've seen firsthand to much maiming and death due to greed. 1 Quote Share this post Link to post Share on other sites