Was the Titan only used for Titanic discovery expeditions? Is it possible that he didn’t have an ulterior motive beyond pure profit? Actually Stockton… Already a subscriber? Login here!
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Was the Titan only used for Titanic discovery expeditions? Is it possible that he didn’t have an ulterior motive beyond pure profit? Actually, Stockton Rush had a plan B, but was waiting to implement it.
The CEO of OceanGate wanted to use the Titan submarine for deep-sea mining. But that’s not all: an old “resurfaced” interview shows how Rush used his technology in the oil and gas industry.
Titan submarine, this is how the implosion took place: The 3D video reconstruction ensures millions of views
The backstory
In an interview for the business magazine Fast companyRush discussed plans to use the yet-to-be-tested vehicle to harvest resources from the seabed in hopes of reducing the cost of future missions. “The greatest resources are oil and gas: they are being spent everywhere 16 billion dollars per year in robots for servicing oil and gas platforms,” Rush said as the Titan was under construction and preparing for testing.
“But oil and gas companies don’t embrace new technology. They want it to be proven, they want it to be available.” Rush believed adventure tourism was a way to make money: “Titan is where we go from start-up to enterprise.”
Unfortunately, Rush’s vision never materialized.
The revelation comes from a former OceanGate employee, David Lochridge, who was fired after raising concerns about the Titan in January 2018. At the time, Lochridge, OceanGate’s former director of naval operations, was the company’s only experienced submarine pilot and had already raised concerns about the factory Titan.
His warnings back in 2017 were consistently ignored. What’s more, Lochridge – who worked at OceanGate between 2015 and 2018 – should have said it was safe to dive the Titan.
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