Research Update: Oil And Gas Major BP Outlook Revised To Positive On Strengthening Financial Risk Profile; 'A/A-1' Ratings Affirmed Jul 12
- Language: English
- Published: July 2012
The truth behind the greatest environmental disaster in U.S. history
In 2005, fifteen workers were killed when BP's Texas City Refinery exploded. In 2006, corroded pipes owned by BP led to an oil spill in Alaska. Now, in 2010, eleven men drilling for BP were killed in the blowout of the Macondo well in the Gulf of Mexico.
What's next? In In Too Deep: BP and the Drilling Race That Took it Down, Stanley Reed?a journalist who has covered BP for over a decade?and investigative reporter Alison Fitzgerald answer not only that question, but also examine why these disasters happen to BP so much more than other large oil companies.
- Places the blame on a corporate culture created by former BP CEO John Browne who was forced to resign in 2007 after he lied in court documents in a case involving his gay lover
- Details a BP built on risk-taking and cost-cutting
- Examines the past, present, and future of BP
In August 2010, BP successfully "killed" the company's damaged deepwater well. But, the environmental fallout and public relations campaign to rebuild the brand are just beginning. In Too Deep details why BP, why now, and what's next for this oil giant.
Cast of Characters.
Chapter 1 Night of Horror, Day of Triumph.
Chapter 2 The Oil Lord.
Chapter 3 Agents of Empire.
Chapter 4 The Big Kahuna of the Gulf.
Chapter 5 Money, Politics and Bad Timing.
Chapter 6 Lord Browne's Long Goodbye.
Chapter 7 Riding the Throughput Curve.
Chapter 8 Tony Hayward Comes up Short.
Chapter 9 Disaster on the Horizon.
Chapter 10 BP Struggles to Survive.
About the Authors.
“…the latest, and probably the best, of what one might call the “private sector” books about the BP spill…by a pair of talented and experienced Bloomberg reporters”. —Financial Times
“Among the first to bring a book to the public are the Bloomberg News team of Stanley Reed and Alison Fitzgerald. Reed, based in London, had covered BP for more than a decade before the explosion. Fitzgerald is a Washington, D.C., correspondent ferreting out the political angles of corporate influence. The two journalists make a logical team, and their book is often enlightening about the corporate-political nexus that placed enrichment of the already rich and aggrandizement of the already influention above the common good. . . Reed and Fitzgerald personalize BP by devoting lots of space to John Browne, the flamboyant chief executive officer from 1995-2007. . . He is by far the most memorable character in the book.”. —USA Today