Tuesday, October 15, 2013

Oil and Gas Industry –Safe, Secure and the Richest




Probably, you may not get to know about this, but oil and gas companies USA, are one of the safest places in operation.  These industries have smartly introduced most advanced technologies and ideal protocols to alleviate any type of dangers to their workers. 

No doubt, there have been exceptions that have caused catastrophe to this industry but they’re extremely rare and certainly not at all pinpointing to the way the average industry’s energy projects are being operated.

Even visitors to an offshore drilling rig or at any of the production site are given safety training and also outfitted with safety goggles, hearing protection, steel-toed boots, helmet and gloves.  On the rig, all the safe practices are observed   and thereby reducing any danger to life, property, and the environment.

 In the past the accidents reported are Santa Barbara (1969), Deepwater Horizon (2010) and Exxon Valdez - thus, it shows that oil and gas industry is not risk-free.

Accidents do happen. Three incidents — Santa Barbara (1969), Exxon Valdez (1989), and the Deepwater Horizon (2010) — illustrate the oil and natural gas business is not risk-free. In fact, unexpected, disastrous incidents have caused huge public and private costs.  Bearing in mind all such loss, the oil and gas industry has responded to these failures by developing excellent technologies and enhanced safety systems. And thanks to these advancements as people working in oil and gas said, ‘‘we’re doin  alrite and gettin it right’.

According to the U.S. Bureau of Labor Statistics, reported in 2011- ‘ there were 2.3% accidents and illness per hundred oil and gas workers. That’s matched up to with 3.5 accidents per hundred for the whole private sector. And surprisingly, the US offshore industry has seen only 0.8 accidents per hundred regular workers.

In oil gas refining, there was only 1.1 accidents and illness cases per 100 full-time workers reported compared to 4.4 per 100 U.S. manufacturing industries on the whole.

Moreover, according to the data in 2011, U.S. pipeline transportation saw zero accident or injury compared to U.S. warehousing and transportation sectors.

US federal data also explained the improvements in spill rates.  Researchers ascertained that offshore spill rates were considerably very low even though the fact that Gulf of Mexico deepwater oil production had upsurged sharply over the year. 

Federal data also show improvements in spill rates. A 2012 Interior Department report examined spill records from 1996 through 2010 (the year of the Deepwater Horizon incident). Researchers found that offshore spill frequency was actually “relatively low” despite the fact that Gulf of Mexico deepwater oil production had risen sharply over that time.

Alas, environmental groups say no to admit that the oil and gas industry’s smart safety and environmental records are up to the mark. Frances Beinecke, president of the Natural Resources Defense Council, said that they require stronger safeguards and advanced oversight to mitigate accidents.

As we may know that the scalability, portability and density of coal, gas, and oil make them flexible, reliable and affordable for average consumers. Besides, solar panels and wind turbines are intermittent, inflexible and costlier and have their own safety issues. Moreover, there have been wind and solar-related injuries occurred to humans as well as thousands of birds were killed.

Alongside these, oil and gas industries generate huge amount of profits. In fact, the workers are well-paid in this industry. With oil and gas prices are soaring up these days, it’s becoming more and more valuable and certainly for those nations having these resources in abundance, will remain richest until they deplete. Thus, oil is as much valuable as gold and keeps the economy of the world running!

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