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Question
The 2010 deep water horizon oil spill in the Gulf of Mexico was a tragedy brought on in part by new technology allowing development of oil and gas reserves in deep water. Given the scope of the spill, why would companies take a risk of such a disaster given the scope of the litigation following the disaster?A) They didn't care about the risk, they just drove forward.
B) The oil and gas industry is poor at assessing risk, and didn't understand the risk.
C) The potential profit is so large from a major oil find that the companies take the risk, try to use all cautions to minimize risk, but sometimes fail.
D) They just assume their lawyers can win any lawsuit, regardless of the disaster.
Answer
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