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Forum - Wall Street Pit (BP plc - BP)    Stock Due Diligence for All

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From: DollarstoDonuts (Rep: 144)Date: 05/23/2010 12:50
Forum: Wall Street Pit - Msg #1947265 - List BP msgs Thread #672993983 (Rec: 0)
Documents show BP chose a less-expensive, less-reliable method for completing well in Gulf oil spill

It certainly doesn't sound like they followed "best practices"

"There are clear alternatives to the methods BP used that most engineers in the drilling business would consider much more reliable and safer,"

He estimated that the liner design, used nearly all the time by his company, is more reliable and safer than a casing design by a factor of "TENFOLD."(emphasis mine)

"U.S. Minerals Management Service regulations leave the choice between a liner or casing to the drillers. That may change as many industry practices are examined by various investigators and task forces.",0,5918994.story

What we think, or what we know, or what we believe is, in the end, of little consequence. The only consequence is what we do." -- John Ruskin ...

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