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Monday, May 10, 2010

BP Oil Spill Disaster

1. Pre 1990 BP did have the in house engineering talent to design and plan for disasters like this. Starting about then, when a colleague was working with the head of BPX environmental on a high level Environmental Review of BPX operations, He can recall complaints by BP Exploration and Production engineers that everthing was being outsourced to firms like Halliburton etal to the point where performance specifications on such contracts had to be left to the contracting companies because in-house BPX talent was no longer there.... This is what happens when you let the finance types call the shots. 2. After Exxon Valdez, Congress passed legislation that limited oil company liability to chicken feed.. $75 million. Will be interested in how Obama will make BP pay for the cleanup.

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