If you want cheaper oil then you’ll get oil leaks.
If you want cheaper oil then you’ll get oil leaks.
The FT today reported that the USA’s National Commission’s report says that better management at BP, Transocean and Halliburton could well have avoided the spill in the Gulf. See http://bit.ly/ffUEeu for the full story.
If there are to be tighter management controls and a better health and safety regime then this will bring additional revenue demands in the short term. If in long term companies can avoid big oil leaks the savings will emerge.
As with so much else we have to be prepared to stop chasing the lowest price if we want the best levels of safety in the industry.
The City has to move away from its demands on company directors for a short term profit
BP shares rose on the publication of the report as it seems that the legal case of culpability will be harder to prove.
