Trouble in the Gulf

The Frontline we watched on "The Spill" gave a much needed insight as to what is happening in the oil industry today. There are many major oil companies in the United States and beyond, one of which is BP Oil. BP is the youngest of the oil companies and is facing many problems. One of the reasons for all these problems is BP want for profit over safety. To maximize profits and continue to run the oil refineries without breaks, BP decided it was fine to leave 20 year old plus machines to take on the incredible demand, even after being advised to replace the outdated and potentially dangerous machinery. BP put the importance of money over the importance of human life. One day, an important piece of the oil refinery failed, creating a massive explosion and killing several people. This marked the uprising in problems for BP. Even after this event, BP didn't claim responsibility, nor did they change. They claimed the problem was unrelated and said they didn't know about it. To cover themselves, BP paid people off, hired lawyers, among other things to avoid having to change. This type of mentality has lead to continued problems for BP. From the world famous Gulf Spill to oil leaks and explosions in Alaska, and more.

http://lmgtfy.com/?q=pbs+frontline+oil+spill

BP has created an oil empire, unfortunately that has come at the cost of many lives. Rather than slow down and make sure its safe before preceding, this oil company cuts corners and places risky bets all for money. This occurred when "The Deep Water Horizon", BP's safest oil rigs suffered a severe malfunction and sunk, killing 11 workers. If the deep water horizon was the safest of BP's many oil rigs what does that say about the safety of BP oil operations. By cutting corners and making sacrifices, BP is costing people their lives. The worst part is, they don't seem to care, nor are they doing anything about it.

http://www.cbsnews.com/news/blowout-the-deepwater-horizon-disaster-16-05-2010/

The main reason terrible events keep happening on BP's watch is because of their poor management. The individual workers are not the reason BP keeps experiencing problems. In an effort to save money, BP cuts corners. They stopped inspections of alaskan pipelines in an attempt to save money. This resulted in a failure that caused 200,000 barrels of crude oil to leak into the ground and ice near the alaskan pipeline. Things like this happen all the time with BP, so much in fact, that its starting to become a trend. If BP doesn't focus on their management and run the oil company like exxon or some of their other competitors, not only are there pockets going to suffer, but their company as well.

http://iveybusinessjournal.com/topics/leadership/bp-and-public-issues-mismanagement#.U1RFI14VTHg