re: #65 windsagio

That was actually a scary thought… the Massey explosion was essentially the exact same forces at work (as far as government and corporate culture are concerned).

Are we finally seeing things start ot get really ugly from the decades of deregulation?

No. We’re seeing a few things at the same time

There is currently more oil/ gas exploration/ drilling than at any time in our history
WHY!?!? demand
Just a couple of decades ago China didn’t have the demand for oil/gas, nor did India, Pakistan, much of Africa and South America

supply

Insatability in Indonesia, Iraq, etc etc means established wells are shut down for long stretches, meaning to keep up with demand you have to explore places where you normally wouldn’t

That also is partially due to environmentalists. ANWAR was set aside specifically for oil exploration. So far ,, NADA
The NIMBYS don’t want the rigs near the coast (shallow water drilling) so the companies went miles out (deep water).