Information you may not have read about the parties involved in the Gulf oil spill.

A few days ago, I heard that the responsible parties pay out cap may be raised to a measly 10 billion dollars. Today, I saw BP, Transocean and Halliburton pointing fingers at each other during a hearing. This is a mockery. This is a ridiculous joke. All of it! From day 1 to day 20. What exactly is going on here?

I originally wrote the following story the day after this tragic environmental disaster happened. All I did was look up the companies involved, and I was quickly led to Transocean. Even without realizing that this would turn into one of, if not the worst oil spills in history, it was obvious that someone involved had messed up severely. These are accidents that should not happen. I couldn’t and can’t say why or exactly how this accident happened. But it was quite clear from day 1, that an impartial investigation would not be completed. When the scene of an accident is corrupt before the investigation even starts, then you have a big problem. The following is the first article I wrote about this disaster, the day after it happened:

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Explosion on Gulf Coast Oil Rig and Guess Who is Investigating The Accident

(April 22,2010) 52 miles off the coast of Louisiana, 12 people are still missing from an oil rig that suffered an explosion and then fire last night. Today, the rig is still burning and coast guard officials are not sure when the burning will subside. The rest of the crew is believed to have made a safe evacuation from the rig. 

The owner of this oil rig is Transocean Ltd and they are the largest offshore drilling company in the world. The rig was built in 2001 and is semi-submersible. The project is under contract from BP (British Petroleum). The accident will be investigated by the U.S. Coast Guard and Minerals Management Service (MMS).

Transocean is known for their deep-water drilling capabilities. They have more deep-water rigs in the Gulf Coast than any other company. The company has 17 rigs, has set world records and dug the deepest well ever, at 35,000 feet, for BP. The MMS has forecasted that by 2015, Transocean and other deep-water rigs in the Gulf Coast will be producing 1.8 million barrels of oil per day. Transocean has also received awards from the MMS. Wait a minute…the same MMS that is investigating the accident? You betcha!