On oil investment boards largely inhabited by retired roughnecks & engineers, the attitude towards BP has turned utterly black over the last 48 hours. Pretty much everyone in management from the CEO down the chain to BP US Deepwater is expected to resign by summer...
if you think anyone will be meaningfully punsihed for this extraordinary failure you are kidding yourself
there will be big fines for the company and public wrist slaps and everyone who made the decisions to drill in spite of the broken blowout preventer will walk away relatively unscathed
See how evolution in the Free Market ensures that executives are responsible and employees are represented among executives? Through massive disasters preferentially ending the oil careers of those who have never had to help drill for it personally.
Wow, be sure to watch part 2. That professor can't wait to spit out his responses damning BP.
And they reference the BP Texas City Explosion, one of the worst refinery disasters in American history. 15 people died, and recently OSHA fined BP million for the explosion. BP, of course, will be challenging the fine.
