"This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum."

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"This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum."
what assholes! User ID: 982170 France 05/26/2010 10:54 AM Report Abusive Post Report Copyright Violation	"This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum." [link to www.thedailybeast.com] A document obtained by The Daily Beast shows that BP, in a previous fatal disaster, increased worker risk to save money. Are there parallels with the Gulf explosion? This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum. From the minute the Deepwater Horizon offshore rig exploded, BP has hewed to a party line: it did everything it could to prevent the April 20 accident that killed 11 men and has been spewing millions of gallons of crude oil into the Gulf of Mexico ever since. Some critics have questioned the veracity of that position. Now The Daily Beast has obtained a document—displayed below—that goes to the heart of BP procedures, demonstrating that before the company’s previous major disaster—at a moment when the oil giant could choose between cost-savings and greater safety—it selected cost-savings. And BP chose to illustrate that choice, without irony, by invoking the classic Three Little Pigs fairy tale. EXCLUSIVE: This internal BP document shows how the company took deadly risks to save money by opting to build cheaper facilities for workers. The company estimated the value of a worker's life at $10 million. Copy of memo @ link

Anonymous Coward (OP) User ID: 982170 France 05/26/2010 10:56 AM Report Abusive Post Report Copyright Violation	Re: "This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum." Attorney Brent Coon represented families of the workers killed, and discovered internal BP documents that showed the oil giant had chosen to use trailers to house workers during the day, rather than blast-resistant structures, in order save money at the refinery. Throughout his work on the case, Coon used a Three Little Pigs analogy to illustrate the cost/benefit analysis that he believed BP used to choose the less expensive buildings, with the trailers representing straw or sticks, versus stronger material the lawyer said should have been used. But whenever Coon brought up the fairy tale, he says that BP’s attorneys objected. Then Coon received a set of documents through discovery. “Right there we found a presentation on the decision to buy the trailers that showed BP using “The Three Little Pigs” to describe the costs associated with the four [refinery housing] options.” Says Coon: “I thought you’ve got to be f------ kidding me. They even had drawings of three pigs on the report.” The two-page document, prepared by BP’s risk managers in October 2002 as part of a larger risk preparedness presentation, and titled “Cost benefit analysis of three little pigs,” is harrowing: “Frequency—the big bad wolf blows with a frequency of once per lifetime.” “Consequence—if the wolf blows down the house then the piggy is gobbled.” “Maximum justifiable spend (MJS)—a piggy considers it’s worth $1000 to save its bacon.” “Which type of house,” the report asks, “should the piggy build?” It then answers its own question: a hand-written note, “optimal,” is marked next to an option that offers solid protection, but not the “blast resistant” trailer, typically all-welded steel structures, that cost 10 times as much.
Anonymous Coward (OP) User ID: 982170 France 05/26/2010 11:06 AM Report Abusive Post Report Copyright Violation	Re: "This is a story about the Three Little Pigs. A lot of dead oil workers. And British Petroleum."
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