How a Texas Oil Disaster Exposed a Deadly Secret

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  • Опубликовано: 22 ноя 2024

Комментарии • 116

  • @business
    @business  4 месяца назад +5

    Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RUclipsOriginals

  • @mrm2204
    @mrm2204 4 месяца назад +183

    Until CEOs are held responsible legally they’ll keep doing what they want

    • @michaelhutchings6602
      @michaelhutchings6602 4 месяца назад +7

      Oil ceos are heroes who literally make every aspect of your life better.

    • @mrm2204
      @mrm2204 4 месяца назад

      @@michaelhutchings6602 i do not look up to thieves.

    • @GotKimchi
      @GotKimchi 4 месяца назад +5

      The penalties are just the cost of business. Fines are so small, who cares about the fine. Profits are much greater than the fine

    • @swaggery
      @swaggery 4 месяца назад +2

      Not just the CEO, everybody in the chain of command from the lowest worker that first was aware of the issue.

    • @the0ne809
      @the0ne809 4 месяца назад

      we cannot have regulations. that is communism. 🙄🙄

  • @techcafe0
    @techcafe0 4 месяца назад +58

    I recently watched a 3-part PBS Frontline documentary called: "The Power of Big Oil" It's an eye-opener, and can be watched on RUclips.

    • @nzs316
      @nzs316 4 месяца назад +2

      Thanks for the heads up.

    • @techcafe0
      @techcafe0 4 месяца назад

      @@nzs316 you're welcome :)

    • @joshs3916
      @joshs3916 4 месяца назад +1

      I’ll check it out. Thanks for sharing

  • @SirAdamMeek
    @SirAdamMeek 4 месяца назад +26

    RIP EPA/OSHA It'll be interesting to see what corporations will get away with after the Supreme Court gutted regulators ability to do their jobs

  • @Sjalabais
    @Sjalabais 4 месяца назад +17

    All of this is so blatantly out in the open, in a society where we care for each other, that would never be accepted. See Norway's policies after their oil industry had an uptick in injuries and casualties. In the US...well, the price tag for a human life is all that matters. And let's dispute these miniscule fines, too.

    • @jamesgoines7663
      @jamesgoines7663 3 месяца назад

      It's apparent why most of the fortune 500 oil companies are headquartered in Texas. They are penalized for unsafe activities in Texas.

  • @QueenetBowie
    @QueenetBowie 4 месяца назад +20

    This isn’t limited to oil, cobalt and other metals mining used for renewables like solar panels and electric vehicles have some hellish conditions…. We don’t usually care bc they’re in third world countries, but the take home message should be to improve all industrial safety regardless of industry or location.

  • @winstong7867
    @winstong7867 4 месяца назад +38

    Imagine getting benefits of supposedly going green but you’re still majority an oil company
    Too big to regulate like big TOBACCO

  • @kevint1160
    @kevint1160 4 месяца назад +10

    The real crime here is that the USCSB is not making a video about this.

    • @tachy1801
      @tachy1801 4 месяца назад +2

      The USCSB should get more funding

    • @kevint1160
      @kevint1160 4 месяца назад

      @@tachy1801 you are my new favorite person

    • @Demopans5990
      @Demopans5990 3 месяца назад

      There's only so many times you can repeat the same story before it gets old

    • @medea27
      @medea27 3 месяца назад +1

      Oh I'm sure they will... I think they wait until the investigation is complete, so they can deliver 'lessons learnt' along with actionable improvement activities that the industry can undertake. I just love that a random govt department - dedicated to worker safety in some really niche industries - has managed to organically garner a big online following, purely based on the quality of their videos. Technical videos about industrial accidents & worker safety. Absolutely brilliant. 🤘😎

  • @bernob9770
    @bernob9770 4 месяца назад +18

    You need Gov. to oversee this issue otherwise profit will overrun safety every time!

  • @joshhoffman1975
    @joshhoffman1975 4 месяца назад +6

    Great video, thanks!

  • @moereese5254
    @moereese5254 4 месяца назад +40

    This is what happens when old people run the world- they destroy it.

    • @Demopans5990
      @Demopans5990 3 месяца назад

      A society is gold if trees are planted by people they'll never see the shade of

  • @peterponcedeleon3368
    @peterponcedeleon3368 4 месяца назад +8

    Nobody blinks an eye when oil conpanies go bust.

  • @kurtphilly
    @kurtphilly 4 месяца назад +8

    The Goal is always profits first!

  • @12BITSOUL
    @12BITSOUL 3 месяца назад +1

    When I worked at the plants all around Southern Louisiana I was told companies will pay lawyers Millions to prevent you from getting $10,000.

  • @deadmo1
    @deadmo1 4 месяца назад +5

    Sounds like their consulting firm is McKinsey.

  • @stockscompound
    @stockscompound 4 месяца назад +27

    Only thing I worry about is trumps war on the epa and the environment. Government needs to protect the environment because individual people won’t.

    • @Ye-tf9im
      @Ye-tf9im 4 месяца назад +2

      lol what you on about silly goose when he was president people were saying the water was gonna be so dirty undrinkable. Don’t let these people make you fearful then you give up your rights for safety.

    • @dark12ain
      @dark12ain 3 месяца назад

      Yeah if you lived in a place with already dirty water like I do then nothing really changed it all stayed the same like it does under any president​@@Ye-tf9im

  • @industrialdisasters
    @industrialdisasters Месяц назад +1

    We often hear about advancements in safety technology, incidents like this reveal that companies frequently prioritize profits over worker safety. It's alarming how these facilities operate under such high pressure with insufficient oversight. Shouldn’t there be stricter regulations and accountability measures in place to prevent these tragedies? The cycle of disaster continues unless we demand real change in how the industry operates.

  • @walterwhite8333
    @walterwhite8333 4 месяца назад +7

    Just handful of oil companies are responble for 90%of plastic ever produced

  • @LazyStory
    @LazyStory 4 месяца назад +6

    NBA-players gets bigger fines !

    • @jackasdasd5143
      @jackasdasd5143 4 месяца назад +1

      Yea you get a bigger fine for dropping an f bomb in the nba. You still make a lot in the nba but less than the oil companies.

  • @sonuchoudhary1797
    @sonuchoudhary1797 4 месяца назад +1

    Great, sonu, India

  • @kevinhman6164
    @kevinhman6164 4 месяца назад +1

    Penalties should be up to 2% of a companies yearly revenue for serious violations and a percentage smaller than that for lesser violations

    • @kevinhman6164
      @kevinhman6164 4 месяца назад

      So if a plant makes 100 million in revenue in a year, the fine would be 2 million for serious violations

  • @sbar39
    @sbar39 4 месяца назад

    5:08 tragically in this country it's a sad truth

  • @danielcadnum7214
    @danielcadnum7214 4 месяца назад +1

    That’s such BS. When you have down time you utilize that time for repairs and upgrades. Bad management decisions. 😖

    • @angelinimartini
      @angelinimartini 2 месяца назад

      100%. But them and many other industries will put things off for as long as possible to save on costs. Especially with such small penalties, they don’t care.

  • @djohanson99
    @djohanson99 4 месяца назад +1

    USA only has two refineries. Do your best to shut them down. And cry when gasoline is scarce.

    • @Demopans5990
      @Demopans5990 3 месяца назад +1

      The subways don't care about oil prices. The city gets a 43% of it's power from hydro alone.
      Petrol could hit $9/gal like it costs over in Europe and it wouldn't affect my transportation at all

    • @angelinimartini
      @angelinimartini 2 месяца назад

      As an oilfield worker, and a person whose cousin died in the explosion in Texas City in 05, I say we should probably do a lot better than we are doing. Yeah, oil is likely not going away, but the way we are doing things leaves us very vulnerable, not just in terms of safety and lives but economically. The oil I am helping pump out of the ground, is almost never the same oil that we refine. That’s a problem. Environmental disasters are also a problem. So maybe not shut down but we should aim to always be better and not stay mediocre.

  • @GeorgeDonnelly
    @GeorgeDonnelly 4 месяца назад +1

    People need to be able to sue much more easily and speedily. Clearly OSHA is ineffective. We also need stronger unions. Thanks for this excellent coverage.

    • @angelinimartini
      @angelinimartini 2 месяца назад

      Dude OSHA is not ineffective…. It is severely understaffed and they keep cutting its limbs. We need to get more OSHA staff and strengthen it. We do need strong unions, strong laws to prevent companies from using strike replacement staff, or basically undermining the effect strikes should have on them, and stronger protections for workers to prevent companies from just up and leaving to get cheaper labor. Well we need a who Santa list of things but that’s awfully hard when people are desperate for a paycheck.

  • @markb1764
    @markb1764 3 месяца назад

    Companies like contractors because they can better wash their hands of responsibility

  • @ReginaJune
    @ReginaJune 4 месяца назад

    1:05 shout out to the surrounding cities in port of Los Angeles

  • @BryceLovesTech
    @BryceLovesTech 4 месяца назад +5

    One more reason, I drive electric. I’ll never go back to gasoline. My Tesla takes out the middle man because I charge you at home with my solar.

    • @Demopans5990
      @Demopans5990 3 месяца назад

      ​@@davidanalyst671
      It's possible to get the necessary polymers from other sources. Crude oil just happens to be the cheapest source of hydrocarbon feedstock

  • @BigMike10960
    @BigMike10960 4 месяца назад +7

    Lithium battery plant in South Korea exploded two weeks ago and killed a bunch of people

    • @kurtphilly
      @kurtphilly 4 месяца назад +1

      That’s not oil and completely unrelated.

    • @blackfoxstudioX
      @blackfoxstudioX 4 месяца назад +3

      Is Lithium also responsible for global warming and countless oil spills over the decades?

    • @BigMike10960
      @BigMike10960 4 месяца назад

      @@blackfoxstudioX the climate has been changing for thousands of years. Greenland used to actually be green!

  • @tmgclips5300
    @tmgclips5300 4 месяца назад

    But have you ever seen a green company using 1 billion dollars worth of heavy machinery ?

  • @BigMike10960
    @BigMike10960 4 месяца назад +10

    They make it sound like delaying maintenance, increases profits. It doesn’t, plant shut downs reduce profits.😂

    • @lonewitness
      @lonewitness 4 месяца назад

      Would it not benifit them to stall production by delaying maintenance to create scarcity for an increase of profit no?

    • @BigMike10960
      @BigMike10960 4 месяца назад

      @@lonewitness one refinery is insignificant to an international market

    • @lonewitness
      @lonewitness 4 месяца назад

      @@BigMike10960 Oh is that why Opec Plus (the worlds major oil producers) agreed to cut oil production by 700,000 barrels a day just last November? just cutting 1% of the worlds oil supply can raise prices my guy.

    • @dark12ain
      @dark12ain 3 месяца назад

      No it's like a car engine you can go without maintenance for a whole it just mean certain parts may run less efficiently. You still get to keep driving driving the car you just letting the maintenance laps untill something happens and who knows how long that will take. Same with these oil refineries. Same basic concept. Unless it's something that's gonna cause problems right now we ain't fixing it till we got it

  • @seankw2880
    @seankw2880 4 месяца назад +4

    Murica!!!

    • @MithunOnTheNet
      @MithunOnTheNet 4 месяца назад +2

      🦅🦅🔫💰💸🦅✝

    • @dfdf-rj8jr
      @dfdf-rj8jr 4 месяца назад +1

      Get over yourself

  • @masterstacks2030
    @masterstacks2030 4 месяца назад

    The high price of big government debasement

  • @ponnusamytp3847
    @ponnusamytp3847 3 месяца назад

    Try to 🏃‍♂️ ur day today life without polluting air and water to protect ur nxt zen

  • @ReginaJune
    @ReginaJune 4 месяца назад

    7:19 that’s because of project 2025. Layoffs.

  • @johnbill739
    @johnbill739 4 месяца назад

    Sick US coperate culture

  • @bryanotieno7106
    @bryanotieno7106 4 месяца назад

    Corrupt leaders

  • @genocidegrand2057
    @genocidegrand2057 4 месяца назад

    but exploding pipeline is ok?

  • @CaptCha-p2q
    @CaptCha-p2q Месяц назад

    O inglés o español, no los dos idiomas en tándem. ¡Pulgar abajo hasta que aprendan a editar!

  • @dark12ain
    @dark12ain 3 месяца назад

    We cant complain since we use stuff that's created by these companies on a daily. They making profits and we want stuff to yo use in our daily life cant blame one without the other. And neither side will stop what they are doing to make the world better are we?????? Right

  • @gibbrown183
    @gibbrown183 26 дней назад

    This is just a cheap hit piece.

  • @lokesh303101
    @lokesh303101 4 месяца назад

    Get with Human Resources and Quality Improvements.
    Does require Investments to avoid the Price.
    Regulatory Requirement on Pressure Valves and Reactor Depressurizing Mechanisms and Avoid Leaks by Cross-Pipe Mechanisms of Outflows and Segregation Process for Product Collectives.

  • @user-221i
    @user-221i 4 месяца назад +8

    Remember project 2025. Prepare for worse

  • @CarlosPedroOliveiraTavares
    @CarlosPedroOliveiraTavares 4 месяца назад

    Slava Ukraini

  • @wskroll
    @wskroll 3 месяца назад +1

    I had to stop watching this video when the first blatant lie made itself known. The presenter's historical price per barrel of oil had me stop in my tracks. The presenter gaslights you with a false history, without regard to reality. Apparently, it's a narrative rather than a news report.
    Here are some historical prices per barrel of oil:
    2008
    The price of oil reached an all-time high of $147.27 in July 2008. However, prices fell below $100 in late summer before rising again in September.
    1980
    The price of oil peaked at over $35 per barrel in 1980, which is equivalent to $129 per barrel in 2023 dollars when adjusted for inflation.
    1986
    In 1986, Saudi Arabia increased its oil production from 2 million barrels per day to 5 million barrels per day, which caused prices to drop to almost $10 per barrel.

  • @IngridLoy
    @IngridLoy 2 месяца назад

    AI translation omg how cheap

  • @IngridLoy
    @IngridLoy 2 месяца назад

    super bad translation into German!!!!!!!

  • @captainandthelady
    @captainandthelady 4 месяца назад

    All this prophet and we still we give them incentives. Is this right? Prophets are up and safety is down and it's the people that have to pay.

    • @kekuleh1
      @kekuleh1 4 месяца назад +1

      You mean profit

  • @sdbcadmin
    @sdbcadmin 4 месяца назад

    Boring

  • @IsabelVasquez-y4f
    @IsabelVasquez-y4f Месяц назад

    Blokoo esta aplicacuon

  • @realdeal139
    @realdeal139 4 месяца назад

    This is what happens when you limit/regulate the fossil fuel profits. They are forced to cut corners to make ends meet.

  • @revolutionarydefeatism
    @revolutionarydefeatism 4 месяца назад +1

    Capitalism!

  • @finnandy1
    @finnandy1 4 месяца назад

    There is always a safety violation. There are too many small ridiculous rules to follow. Most of those rules are made by someone at a desk that doesnt have a clue about the job they are making rules for.

  • @AlexWatson-t1f
    @AlexWatson-t1f 4 месяца назад

    Safety is paramount in any industry but this program seems like anti-oil propaganda

  • @timmyhuynh5846
    @timmyhuynh5846 3 месяца назад

    Texas company give employees safe training. Just make employees sign on the forms, but completely not following thru. Any safe happen employees get suffering. They just care of their money with out safe investment on employees.

  • @yochutes
    @yochutes 4 месяца назад

    First

  • @bluettr250
    @bluettr250 4 месяца назад +6

    Just came for my leftist dose of communist drivel for the day

    • @_R.F_
      @_R.F_ 4 месяца назад +14

      what are u waffling on about mate

    • @mrm2204
      @mrm2204 4 месяца назад +14

      @@_R.F_he hasnt taken his meds yet, dont worry

    • @beyondfossil
      @beyondfossil 4 месяца назад +3

      Magat

    • @bluettr250
      @bluettr250 4 месяца назад

      @@_R.F_ you must need your fix too

    • @bluettr250
      @bluettr250 4 месяца назад +1

      @@mrm2204 preaching from your basement?

  • @michaelhutchings6602
    @michaelhutchings6602 4 месяца назад

    Help! My quality of life is better than any of my ancestors ever dreamed was possible! Big oil made my life worse by making everything better! Save me government!