Norway’s State owned oil company spent an extra $500K on valves that shut off the flow of oil when this kind of accident occurs. This is one of the reasons they have an exemplary safety record.
“The US Mines and Minerals Service, under the industry-friendly Bush administration, decided that rigs operating in American waters need not install those switches because they are “very costly.” At $500,000 per switch, they now look like an enormous bargain, of course.”
http://www.salon.com/news/louisianaoilspill/index.html?story=/opinion/conason/2010/05/03/norway
Norway’s State owned oil company spent an extra $500K on valves that shut off the flow of oil when this kind of accident occurs. This is one of the reasons they have an exemplary safety record.
“The US Mines and Minerals Service, under the industry-friendly Bush administration, decided that rigs operating in American waters need not install those switches because they are “very costly.” At $500,000 per switch, they now look like an enormous bargain, of course.” http://www.salon.com/news/louisianaoilspill/index.html?story=/opinion/conason/2010/05/03/norway