BP’s spill is uncommon in oil drilling, however might need been prevented by spending as little as zero.01% of their revenue margin on an extra safety measure.

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Ask a Lawyer. The news came as a brief aid to Florida’s tourism authorities, who’re already reporting adverse market impact from the month-lengthy spillage from BP’s leaking undersea properly, the supply of an enormous slick that has already dumped oil debris ashore on the coasts of Louisiana, Mississippi and Alabama.

Showing earlier than the Vitality and Pure Sources Committee in the morning and the Environmental and Public Health Committee within the afternoon were executives from the three firms implicated within the disaster: Lamar McKay, president of the US operations of BP, which owned the oil and the drill web site; Steven Newman, president of Transocean, the contractor that owned the rig and employed most of its workers; … Read the rest