'Absent significant reform,' welcome to Macondo II
(NEWSER) - The management blunders that led to the Deepwater Horizon explosion aren’t particularly uncommon in the oil industry, a presidential commission investigating the spill has concluded, meaning there’s every chance it could happen again. The commission blamed all three companies involved in the well—BP, TransOcean, and Halliburton—saying that each had made decisions that increased the risk, but saved them time and money, the Daily Telegraph reports. More»