BP Oil Spill

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In the case of the Deepwater Horizon accident, I believe that the cost cutting measures that BP committed are what were truly detrimental to the oil rig and affected its safety. When you have a project that is so expensive to run in the first place, it is completely understandable that the company would do what it could to cut costs and minimize their financial risk. Transocean was the owner of the Deepwater Horizon rig, and BP was merely the renter (Crandall, Parnell & Spillan, 2013). By the time it was operational, 45 days after it arrived in the Gulf, BP had already paid $533,000 a day and were extremely over budget (Crandall, et al, 2013). All of this financial expense paid, and no production had actually occurred at this point. When
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