Wow! eBook
BP and the Macondo Spill: The Complete Story
Author(s): C. Read (Author)
- Publisher: Palgrave MacMillan
- Publication Date: May 11, 2011
- Language: English
- Print length: 248 pages
- ISBN-10: 1349333026
- ISBN-13: 9781349333028
Book Description
PART I: HISTORY – A BRIEF HISTORY OF OIL SPILLS -Arabian Gulf -Ixtoc I -Atlantic Empress -Fergana Valley -ABT Summer -Nowruz Field Platform -Catillo de Bellver – Amoco Cadiz – MT Haven -Odyssey – Sea Star – Morris J. Berman – Irenes Serenade – Urquila – Torrey Canyon – Montara PART II: THE INDUSTRY – VARIOUS WAYS TO EXTRACT OIL – where does oil come from? – early extraction and shallow well – offshore drilling – deep sea drilling – the complication of combined oil and gas at pressure – the risks in perspective of drilling, transportation, refining, distribution, and consumption PART III: WHAT HAPPENED – THE MACONDO SPILL – history of the Macondo oil reservoir – events leading up to the fire and spill – partners in the spill – early BP response – U.S. Federal government response – the science of determining the spill rate PART IV: THE MEDIA – FOR ALL THE WORLD TO SEE – the first example of transparency at the ocean’s floor – a spill in clear view – the role of the media – an assumption of moral responsibility – the public face of BP – 24 hour news cycle PART V: THE SCIENCE – ENGINEERING A SOLUTION – what went wrong – five contributing factors and their implications – the effectiveness of various solutions – deep sea dispersants – the new phenomenon of subsea plumes – when engineering meets politics PART VI: POLITICS – A PARALLEL POLITICAL AGENDA – a stalled U.S. energy bill – concessions to offshore drilling in return for a filibuster proof energy bill – a moratorium on drilling – finger pointing – Congress extracts a pound of flesh – time to talk tough, heads must role PART VII: BUSINESS – THE MARKET RESPONSE – loss of value of BP stock – exaggerated claims of cost and liability – promise to pay all legitimate claims – the $20B solution – a special master and his scope – talk of bankruptcy, merger and acquisition PART VIII:- THE FIX – CAPPING AND ABATING THE SPILL – a final solution – the cleanup effort – long term effects – direct and indirect costs – the human toll – the effectiveness of compensation PART IX: THE LAW – A COMPLICATED LEGAL LANDMINE – statutory liability – the Jones Act – Who’s in charge – new laws in Congress can’t be retroactive – maritime oil spill law – shareholder and class action suits PART X: OUR ROLE – THE WORLD’S INSATIABLE NEED FOR ENERGY AND HYDROCARBON BASED FUELS – we are all part of the problem – past consumption – demand from emerging nations – future prospects – all the easy oil has been tapped – the economics of alternatives to hydrocarbons PART XI: – CONCLUSION – WHERE TO GO FROM HERE
