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President Obama's jihad against BP , really got going when BP started to ask questions about how all four stages of a four-stage blowout preventer could fail. This was when they were accused of "pointing the finger" and have had fingers, not to mention the presidential boot, in their face every moment since then. The blowout preventer was supplied and installed by Transocean , but made by a separate American engineering company. Probably, elsewhere in the world Transocean would have a Briitsh , Dutch or Malayasian company make this item to a common specification. It weighs 140 tons and no-one wants to ship one too far if a competent manufacturer is close at hand. The competence of the manufacturer in this and other cases seems not to be at issue. However, despite having about half of the drilling contracts in the Gulf of Mexico over the last few years, Transocean account for around three quarters of the accidents, and more than one of those has involved the parti...

At least someone is beginning to realize that there's something profoundly fishy about a company, based in Houston, Texas for all practical purposes, being registered in Switzerland for tax and administrative purpose, and having its rigs registered in the Marshal Islands. But Obama still thinks that BP is the only permissiable culprit, which must take all the rage, all the blame, all the hate, all the while it is expected to do all the work necessary to actually rescue the situation. BP are trying all the possible options in logical order of preference: why not stop sreaming dementedly in their ear and threatening them while they get on with this? Meanwhile, Transocean is doing nothing except trying to melt into the shadows.... Could it be, that Mr Obama knows that Transocean is probably mostly to blame, but that it's so much easier for him to grab the assets of a British company than a Swiss one? Especially when the shareholders, hidden behind all the Swiss secrecy, are mos...