And we all know how tough it has been for the oil industry to make any money. Just because it's the most profitable industry ever doesn't mean the oil execs don't think it could be even more profitable. Nice job, Washington, for letting these revolting punks get away with this over the years. As with other abuses in the corporate world, they do it because they know they can get away with it. What next?
Many of the poor decisions taken on the Deepwater Horizon drilling rig before the fatal blow-out on 20 April were taken to save time and money.
"Whether purposeful or not, many of the decisions that BP, Halliburton, and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time (and money)," the report said.
In a separate chart, it identified nine decisions that increased risk; seven of these saved the companies time. BP was involved in all nine decisions.
BP, which owned the well, did not enforce the proper controls to manage those increased risks, the report said. "BP did not have adequate controls in place to ensure that key decisions in the months leading up to the blow-out were safe or sound from an engineering perspective."
