Human failures that led to the disaster

Assignment Help Business Economics

Reference no: EM138250

Q. The Deepwater Horizon exploded on April 20, 2010 after drilling BP's exploratory well in 5,000 feet of water offshore Louisiana. The rig sank two days later. The well was shut down on July 15, 2010 but not sealed until September 19, 2010. The accident killed 11 workers, seriously injured others, and spilled more than four million barrels of oil. President Obama established the National Commission on May 22 to:

1) Examine the facts and circumstances to determine the cause of the disaster;
2) Develop options for guarding against future oil spills associated with offshore drilling; and
3) Submit a final, public report within six months of its first meeting.

The National Commission on BP Deepwater Horizon Oil Spill and Offshore Drilling released its report in full in January 11, 2011. The report stated: "The blowout was not the product of a series of aberrational decisions made by rogue industry or government officials that could not have been anticipated or expected to arise again. Relatively the root causes are systemic as well as absent significant reform in both industry practices and government policies, might well recur."

Evaluate whether and to what extent the human failures that led to the disaster can and will be corrected.

Reference no: EM138250

Questions Cloud

Higher demand than supply : Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.

About tracking the us economy : What is your thought about tracking the U.S. Economy and Unemployment and Inflation.

Explain why purchasing power parity : Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country

Purchase more chips : If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.

Human failures that led to the disaster : Evaluate whether and to what extent the human failures that led to the disaster can and will be corrected.

Maximize the amount of money : If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.

Per capita disposable income is expected to decrease : Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.

Efficiency lost at the boundaries : Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.

Capture of the regulatory agency : Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.

User Account

All Pages