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To: Elroy Jetson who wrote (73553)	5/18/2010 3:21:40 AM
From: Maurice Winn	1 Recommendation Respond to of 74559

Elroy, I have no idea what the range of prudence is in BP exploration and production compared with other companies. I have no information on BP other than what I read. I knew more what things were like 20 years ago when I was involved, but that's a lot of water under the bridge and oil out of the well. It seems unlikely that BP managers would be acting in bizarrely imprudent ways on any platform. I guess that the blunders were the usual mixture of assumption, stupidity, ignorance and it seems people were depending on other things being okay. Two space shuttles ended up destroyed for similar reasons - in case anyone is thinking that if there's more government department regulation and perhaps even nationalisation, then things would be safer. It is certain that BP is displeased about the management who blew it in this instance. It is obviously not a sensible corporate strategy to have wells go bung or carry substantial risk of such a thing, yet people suggest that such a an idea is the BP way. Mqurice