Greg Oakes
2010-06-01 19:52:27
Drilling for oil is risky. Absolutely. However BP’s risk management seems to be directed at minimising the cost of liability rather than minimising impact of a problem. If they (and I dare say that the rest of the oil companies are the same) put money into engineering contingency rather than legal mitigation, then we wouldn’t be looking at a problem on such a scale – particularly as we head into hurricane season.
Remember the Ford Pinto? Seems like some accountant types in BP made a bet on people’s lives and guess what?. They lost so we all lost!
