As commenter hsvkitty points out, BP only got the permits to start drilling at the Deepwater Horizon site in the first place because the Minerals Management Service believed their statement that they “could recover 197 percent of the daily discharge from an uncontrolled blowout of 250,000 barrels per day”: a March report from BP said that it had the capacity to skim and remove 491,721 barrels of oil per day.

The problem isn\’t that BP lied (or didn\’t lie, or exaggerated, or whatever).

Imagine, go, on, just for a moment, that the statement is untrue.

The problem is that the governmental regulators believed this untrue statement.

It doesn\’t matter why they did so: it\’s something of a blow to the idea that governmental regulators are the solution really, isn\’t it?

2 thoughts on “Err, no”

  1. One knows not whether the statement was a fib or not – maybe BP believed (or were even told) that in the case of a serious disaster that pesky law forbidding non-US assets from servicing the US oil industry would be waived.

    Agree 100% with you on the validity (or lack thereof) of the state as a guarantor of veracity though.

  2. “could recover 197 percent of the daily discharge from an uncontrolled blowout of 250,000 barrels per day”

    The record production for a well in the US Gulf is a little bit more than 40,000 barrels per day. I am struggling to believe that BP ever felt the need to talk about 250k barrels per day, even taking into account a producing well would spew less than a blowout. Even supposing they did, somebody should have questioned the figure.

Leave a Reply

Your email address will not be published. Required fields are marked *