Yesterday author, lawyer and blogger Byron King sent me a copy of an article, published in Outstanding Investments newsletter, expressing his thoughts on the tragic loss of the Deepwater Horizon drilling rig. Byron writes that the accident "is hitting home" with him. He recently visited a drillship owned by Transocean, which is the same company that owns and operated the rig that caught fire and sank in the Gulf of Mexico. What he learned apparently gave him a profound sense of respect for the crew.
Byron spent a couple of days onboard Transocean's Discoverer Inspiration, which is a mammoth drillship searching the Gulf for oil and natural gas under contract to Chevron. He says he observed a "culture of safety" even before he was allowed on the ship. He was required to "go through two days... more »
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