3 ms·
Frankly, that's some bad math. BP just lost 3-4 years of net profit. You could talk about management interests versus shareholder interests being misaligned, bu
by mattmcknight 16y ago
Frankly, that's some bad math. BP just lost 3-4 years of net profit. You could talk about management interests versus shareholder interests being misaligned, but this event is not in shareholder interest. Also, I don't know where you get your "10x more" profitably number, but I have a feeling you made it up.
There is new information about the risk- new to the regulators, new to the companies. We don't even know what the best mitigation approach is. The regulatory structure will follow what works and is cost effective. If the risk is too high, wells of this type will not be built until a better approach is found.
Regulatory decisions are not political- not about power. They are ultimately bureaucratic.