Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (73779)	6/1/2010 11:42:05 AM
From: average joe	1 Recommendation Read Replies (2) \| Respond to of 74559

10 Disastrous Mistakes BP Made Before The Deepwater Horizon Exploded BP downplayed operational risks in applications for exemption from federal inspectionBP applied for and received a "categorical exclusion" from the National Environmental Policy Act, which means BP did not have to produce a detailed environmental analysis of Deepwater Horizon, according to Washington Post. Although the Department of the Interior is also to blame for handing out the exemption -- which is normally reserved for hiking trails and outhouses -- BP is culpable for downplaying environmental risks in its application. BP claimed a spill was "unlikely" and if it did occur would cause "no significant adverse impacts" and would not exceed 4,600 bbl. BP's oil spill response has a been a disappointment, but the real mistakes occurred before the Deepwater Horizon explosion. Congressmen and bloodhound attorneys are gathering evidence of early errors to make BP culpable for the environmental disaster. Just today, Attorney General Eric Holder said he is examining the possibility of criminal malfeasance. What could be the biggest case in US history will revolve around these issues. businessinsider.com