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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73431)5/9/2010 8:45:08 PM
From: Snowshoe1 Recommendation  Read Replies (3) of 74559
 
>>It really doesn't seem a particularly terrible safety record.<<

BP's safety record is sub par, and this latest disaster may be the last straw. The Feds will be subjecting them to extensive oversight, and it would not surprise me the see them sell off their assets in the USA. Shell would love to get hold of their assets in Alaska...

For BP, a History of Spills and Safety Lapses
nytimes.com

The oil industry is inherently more dangerous than many other industries, and oil companies, including BP, strive to reduce accidents and improve safety.

But BP, the nation’s biggest oil and gas producer, has a worse health, environment and safety record than many other major oil companies, according to Yulia Reuter, the head of the energy research team at RiskMetrics, a consulting group that assigns scores to companies based on their performance in various categories, including safety.

The industry standard for safety, analysts say, is set by Exxon Mobil, which displays an obsessive attention to detail, monitors the smallest spill and imposes scripted procedures on managers.
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