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In Too Deep

BP and the Drilling Race That Took it Down

Stanley Reed & Alison Fitzgerald

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Description

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.

Publishers Weekly Review

14 February 2011 – Reed and Fitzgerald begin their first book with a riveting description of the 2010 Deepwater Horizon drilling rig explosion. Those employees who weren't killed by the explosion had to "jump the ten stories from the blazing rig to dark waters below." With our attention duly captured, the authors do little to hold it for the rest of the book. Facts are recounted ("Oil flowed for 87 days") and historical perspectives are provided (although it was BP CEO Tony Hayward who received the brunt of the public outcry, former CEO John Browne helped move the company from mid-sized to a kind of "Goldman Sachs" of the oil industry). The authors, both veteran reporters, certainly did their research, noting that BP's plans for managing a disaster on the Gulf Coast were incomplete and apparently copied from Arctic scenarios; documents include recovery plans for "walruses, seals and sea lions." They also unearth past disasters, such as BP's 2005 Texas City refinery explosion in which 15 died, and an oil leak in Alaska in March of 2006 that led the House Energy and Commerce Committee to determine that BP had inadequately maintained its pipeline network, a discovery that led the authors to determine that company incentives as far back as the 1990s helped create the Deepwater disaster. Unfortunately the narrative lacks the emotional color that made this story so compelling. What could have been fascinating is instead just gritty and bleak.
In Too Deep
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  • £12.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Finance
  • Published: 20 December 2010
  • Publisher: Wiley
  • Print Length: 256 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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