BP’s cost cuts contributed to oil spill disaster, federal probe finds

A 16-month federal investigation has concluded that BP's efforts to limit costs on its mile-deep Macondo well in the Gulf of Mexico contributed to the disastrous blowout last year that killed 11 workers and sunk the giant rig Deepwater Horizon.

"BP's cost or time saving decisions without considering contingencies and mitigation were contributing causes of the Macondo blowout," states the long-awaited report by the Bureau of Ocean Energy Management, Regulation and Enforcement.

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Joe Stephens 14 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=8b2b2189b064bb7aa6697dc72ecbc0eb
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