Quotes About Deepwater

And when it came to rigs, few were more impressive than the Deepwater Horizon. Roughly thirty stories tall and longer than a football field, this mobile, half-billion-dollar semisubmersible could function in water as deep as ten thousand feet and drill exploratory wells several miles deeper than that. Operating a rig this size cost around $1 million a day, but major oil companies considered the expense well worth it.

In Louisiana, we are very familiar with the potential risks associated with offshore drilling and we have not forgotten the lessons learned from the 2010 Deepwater Horizon tragedy.

As with Three Mile Island, the hysteria of the media and the political class over the Deepwater spill is likely to lead to increased risk and adverse environmental tradeoffs.