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US oil spill: Cost cutting decisions led to BP disaster

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posted on Jan, 5 2011 @ 04:59 PM
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US oil spill: Cost cutting decisions led to BP disaster


www.bbc.co.uk

A series of decisions made to cut costs and save time contributed to last year's BP oil spill disaster, a US presidential panel has found.

A 48-page report released by the investigative commission said "a failure of management" and an inability to identify risks led to the blow-out.

(visit the link for the full news article)




posted on Jan, 5 2011 @ 04:59 PM
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Well what a suprise.

So BP wanting to save a few bucks turns into the worst enviromental disaster in American history. It just goes to show how these companies feel about planet Earth.

They don't give a damn!

I think prison time would be a rightful punishment but doubt very much that will happen, it will be a slap on the wrist and a "don't do it again".

Peace.
ALS

www.bbc.co.uk
(visit the link for the full news article)

Stay tuned as the news roles in.
edit on 5-1-2011 by ALOSTSOUL because: (no reason given)



posted on Jan, 5 2011 @ 05:03 PM
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Just posting so it goes to myATS.

Peace.
ALS



posted on Jan, 5 2011 @ 05:18 PM
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give me a waterboard and BP for one hour!
nuff said



posted on Jan, 5 2011 @ 05:37 PM
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reply to post by ALOSTSOUL
 


no way I believe a big corp like BP would engage in cost cutting to save/make money.

big corps always make money honestly and use all the best practices to remain in high esteem with all employees and public officials.

genuine accidents happen by honest mistakes made by honest managers.

the high managers of BP all said they really care about the little people and no one was more concerned than them.

they can't possibly be lairs. these people are genuine leaders in the communities.

i think we should trust all BP managers and officials until proof is attained.

rumors of short-selling and put option activity by investment firms must all be untrue lies.

those companies would never attempt to make money by any dishonest means whatsoever.

WE need PROOF of cost cutting to set the record straight.

research please!






posted on Jan, 5 2011 @ 05:41 PM
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we can start with these:::


online.wsj.com...


www.treehugger.com...


comments? input??


edit on 5-1-2011 by xuenchen because: (no reason given)



posted on Jan, 5 2011 @ 05:48 PM
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reply to post by xuenchen
 


Do I detect a hint of sarcism?




posted on Jan, 5 2011 @ 05:56 PM
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The cost cutting and lack of safety standards was inbedded into the system. Dick Cheney's closed door energy comitee meeting set the policy. The policy that allow Deepwater to classify their drilling apparatus as a ship, not a rig so they could skirt what lackluster regulations were in place. Inspectors of the rigs were different companies hired by the same people to rubber stamp crew safety drills that never happened, safety inspections that never happened, and outdated equipment was allowed to be ran into the sea. To save money?



posted on Jan, 5 2011 @ 06:01 PM
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There was a south park episode making fun of

good old *tony* from BP it was pretty good.

I don't trust BP or the government...

I think anyone with half a brain figured this out
months ago..

BP is about profits, if you can save a few bucks here and there, hell save a buck here and there.

Not surprising them wanting to save a couple bucks turned into
an EPIC FAIL for BP resulting in the oil spill.

I am all for a business making profits, this time the cost saving techniques
ended up NOT saving any money....

Bad business decision on BP's part.

Yes they should be punished to what extent
MONEY make them bastards bleed money
that will ALWAYS make them pissed...

If any of the top guys at bp could take two years in jail say over
loosing a billion dollars personally, they would happily do the prison time...

Maybe a combination of both would make them learn their lesson,
saving a few bucks is not worth the damage...
edit on 5-1-2011 by thecinic because: (no reason given)



posted on Jan, 5 2011 @ 06:13 PM
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Originally posted by ALOSTSOUL
reply to post by xuenchen
 


Do I detect a hint of sarcism?




YES, but not towards you or the OP.

it is a very good topic to explore.

just trying to wake up the thread and get members interested.

we all need to expose the big companies and their tactics!



posted on Jan, 5 2011 @ 08:34 PM
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Originally posted by ALOSTSOUL
So BP wanting to save a few bucks turns into the worst enviromental disaster in American history. It just goes to show how these companies feel about planet Earth.

They don't give a damn!
Well some people at BP probably DO give a damn, but the article is right it was a management problem. When you start letting bean counters overrule engineers which is what I suspect happened in this case, disaster can result.

I'm sure BP has plenty of good people that know what the right thing to do is, but they were overruled, just like the guy running the rig was overruled by the BP company guy when he wanted to take some extra safety measures that would have cost some money.

The idiotic part is, by the time the factor in the costs of this disaster, how much did they really save? In the end, the so called "cost savings" actually ended up costing more! That's the sad and ironic part.
edit on 5-1-2011 by Arbitrageur because: fix typo



posted on Jan, 5 2011 @ 08:51 PM
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it's a disaster for the year starting,will affect much in BP in future.



posted on Jan, 5 2011 @ 08:56 PM
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That or they did it on purpose so they can take over the gulf coast.

Hell it could be both



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