Went with riskier option because it was cheaper
(NEWSER) - First rule of business, kids: cut costs where you can. For example, if you can buy a cheaper cement for the casing pipe in your oil well, and the only risk is that it might fail to seal, let gas leak in, and lead to a massive explosion, you should definitely do it. Just ask BP. It deliberately selected the cheaper type of casing, fully aware that, in the event of a leak, it provided only a single seal as barrier, according to a document provided to Congress and the New York Times ; the more expensive option would have provided two. More»