Rig Shortage Means Record $4.5 Billion Blowout Binge

Rig Shortage Means Record $4.5 Billion Blowout Binge

Thomas M. Blue/U.S. Coast Guard via Getty Images

The damaged blow out preventer along with the Lower Marine Riser Package cap from the Deepwater Horizon oil rig that caused the massive oil spill in the Gulf of Mexico, on Sept. 4, 2010.