How a Texas Oil Disaster Exposed a Deadly Secret

Рет қаралды 78,683

19 күн бұрын

The deadly explosion that rocked Marathon Petroleum’s Galveston Bay, Texas, refinery in 2023 put a klieg light on Big Oil’s deferral of critical maintenance in the drive to maximize production and capture record profits. It also made clear the limited ability of the federal government to do anything about it.
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Пікірлер: 98

@business 17 күн бұрын

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

@mrm2204 18 күн бұрын

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

@michaelhutchings6602 18 күн бұрын

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

@mrm2204 17 күн бұрын

@@michaelhutchings6602 i do not look up to thieves.

@damianfitzpatrick3465 17 күн бұрын

I mean these guys specifically are pretty dumb tho, deferring maintenance for short term profits is teenager type management

@GotKimchi 17 күн бұрын

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 17 күн бұрын

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

@Sjalabais 12 күн бұрын

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.

@techcafe0 17 күн бұрын

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 KZfaq.

@nzs316 17 күн бұрын

Thanks for the heads up.

@techcafe0 17 күн бұрын

@@nzs316 you're welcome :)

@joshs3916 17 күн бұрын

I’ll check it out. Thanks for sharing

@winstong7867 17 күн бұрын

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

@SirAdamMeek 17 күн бұрын

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

@moereese5254 17 күн бұрын

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

@Demopans5990 Күн бұрын

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

@peterponcedeleon3368 17 күн бұрын

Nobody blinks an eye when oil conpanies go bust.

@kevint1160 8 күн бұрын

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

@tachy1801 7 күн бұрын

The USCSB should get more funding

@kevint1160 7 күн бұрын

@@tachy1801 you are my new favorite person

@Demopans5990 Күн бұрын

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

@QueenetBowie 17 күн бұрын

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.

@bernob9770 17 күн бұрын

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

@kurtphilly 17 күн бұрын

The Goal is always profits first!

@joshhoffman1975 17 күн бұрын

Great video, thanks!

@davidanalyst671 12 күн бұрын

this is nothing other than a bunch of anti oil industry propaganda from bloomberg. "The Dirty Dirty oil company puts profits over people's lives" OH NO!!!! Every chemical company has to make decisions of profitability and safety.

@LazyStory 15 күн бұрын

NBA-players gets bigger fines !

@jackasdasd5143 7 күн бұрын

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.

@walterwhite8333 17 күн бұрын

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

@deadmo1 4 күн бұрын

Sounds like their consulting firm is McKinsey.

@sbar39 4 күн бұрын

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

@sonuchoudhary1797 14 күн бұрын

Great, sonu, India

@seankw2880 17 күн бұрын

Murica!!!

@MithunOnTheNet 17 күн бұрын

🦅🦅🔫💰💸🦅✝

@dfdf-rj8jr 12 күн бұрын

Get over yourself

@reginafefifofina 17 күн бұрын

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

@stockmarketyolo 17 күн бұрын

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 17 күн бұрын

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.

@danielcadnum7214 4 күн бұрын

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

@kevinhman6164 3 күн бұрын

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

@kevinhman6164 3 күн бұрын

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

@tmgclips5300 17 күн бұрын

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

@GeorgeDonnelly 17 күн бұрын

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.

@BryceLovesTech 15 күн бұрын

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.

@davidanalyst671 12 күн бұрын

your tesla has plastic in it. you still have products from the houston refinery. You can't live one day without oil or its products.

@Demopans5990 Күн бұрын

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

@djohanson99 4 күн бұрын

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

@Demopans5990 Күн бұрын

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

@BigMike10960 17 күн бұрын

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

@lonewitness 14 күн бұрын

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

@BigMike10960 14 күн бұрын

@@lonewitness one refinery is insignificant to an international market

@lonewitness 14 күн бұрын

@@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.

@masterstacks2030 17 күн бұрын

The high price of big government debasement

@reginafefifofina 17 күн бұрын

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

@lokesh303101 17 күн бұрын

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.

@genocidegrand2057 17 күн бұрын

but exploding pipeline is ok?

@BigMike10960 17 күн бұрын

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

@kurtphilly 17 күн бұрын

That’s not oil and completely unrelated.

@blackfoxstudioX 17 күн бұрын

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

@BigMike10960 17 күн бұрын

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

@bryanotieno7106 17 күн бұрын

Corrupt leaders

@user-221i 17 күн бұрын

Remember project 2025. Prepare for worse

@johnbill739 6 күн бұрын

Sick US coperate culture

@revolutionarydefeatism 17 күн бұрын

Capitalism!

@CarlosPedroOliveiraTavares 13 күн бұрын

Slava Ukraini

@sdbcadmin 15 күн бұрын

Boring

@captainandthelady 17 күн бұрын

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 17 күн бұрын

You mean profit

@realdeal139 15 күн бұрын

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

@yochutes 18 күн бұрын

First

@xDUnPr3diCtabl3 17 күн бұрын

Grow up.

@user-uc5um3io2j 8 күн бұрын

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

@finnandy1 15 күн бұрын

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.

@bluettr250 18 күн бұрын

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

@_R.F_ 18 күн бұрын

what are u waffling on about mate

@mrm2204 18 күн бұрын

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

@beyondfossil 17 күн бұрын

Magat

@bluettr250 17 күн бұрын

@@_R.F_ you must need your fix too

@bluettr250 17 күн бұрын

@@mrm2204 preaching from your basement?

@michaelhutchings6602 18 күн бұрын

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!