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I'm not sure how losing a rig, several workers and tens of thousands of barrels of oil is in their short-term interest. :shrug:
Safety is always in everyone's interest.
I agree, safety is always in everyone's interest.
Short-term interest means that the extra cost of installing a remote shutoff valve is not incurred because it doesn't contribute to the bottom line; of course, in the mid- to longer-term it will certainly be viewed as penny-wise and pound-foolish that that valve wasn't installed and we are witnessing the consequences.