Cost-cutting blamed for BP oil leaks

Cost-cutting blamed for BP oil leaks

There are 2 comments on the The Morning Call story from May 17, 2007, titled Cost-cutting blamed for BP oil leaks. In it, The Morning Call reports that:

Severe company budget cuts at a time when BP was making huge profits put pressure on managers to ignore corrosion protection at the oil company's North Slope pipelines that sprung leaks last year, according to ...

Join the discussion below, or Read more at The Morning Call.

fatgrandpa

Stockton, CA

#1 May 17, 2007
Oil executives are only concerned with profits. Period. They just want to make the quarter's numbers look good.

Will the executives loose anything for their actions? Not likely. Even if they are replaced the severance package will reward them for their errors.

“Joey Chestnut is my hero”

Since: Feb 07

Whitehall, PA

#2 May 17, 2007
Cost cutting for an industry taking in more money than any other world wide industry??? So, let me get this right... BP cut costs for higher profits. This caused a bad leak, losing who knows how much petro. So, since that caused an even bigger shortage, prices go up, and BP makes more money! OK. Boy, am I in the wrong business.

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