It seems someone at least is asking BP why.
As BP shuts down its corroding pipelines in Alaska’s North Slope, some analysts are wondering why the problem wasn’t caught sooner and say that the company’s problems foreshadow a larger mess with the world’s aging oil infrastructure.
Yeah specially since they had an oil spill earlier this year. You’d think they would have inspected their pipes three times over. Even more so now that EPA is looking into it.
“It was almost guaranteed to happen,” said Charles Clusen, director of the Alaska project for the Natural Resources Defense Council. “These companies have not been putting the money into infrastructure up there.”
Well it’s hard for these companies to put money into making sure your refinery’s and pipes are properly working when they give their retiring CEO a 400 million dollar retirement package.
Which reminds me how much do they spend on inspecting the pipes for safety.
Dean said the company spent $71 million on corrosion prevention alone in Alaska in 2006, an increase of 15 percent from 2005 and up 80 percent since 2001.
Umm wait, these companies pay 400 million to retiring CEOs but only 71 million on saftey. Wow, I can see where their priorities lie. Any bets on whether the pipe replacement takes longer than is projected?
Filed under: Blogs, News and politics
Another read on that might be “where was the federal inspection that should have caught that?” Budget cuts?