Off-Topic: Rambling on Risk

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	Name:	MartiniMan -
	Subject:	Rambling on Risk
	Date:	5/26/2010 11:17:49 AM

The key here is risk management and if you think of the thousands of off-shore drill rigs operating worldwide it is still a remarkable safety record. There is no doubt this is risky business. When I worked in the oil industry the running joke was to hold up your hand with only three fingers showing and ask what it was. Answer: a roughneck ordering five beers.

One thing we know for sure, this accident will be examined 500 ways from Sunday. My only advice is when reported in the government media, believe none of what you hear and only half of what you see. And with the politicians believe none of what you hear or see. In our work for one of the responsible parties we have already seen a lot of inaccurate reporting and downright incompetence. The real story will get out but it will take years and the lawyers will make multiple millions.....