In Too Deep BP and the Drilling Race That Took it Down

by Reed, Stanley; Fitzgerald, Alison

• ISBN13: 9780470950906
• ISBN10: 0470950900
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-01-11
• Publisher: Bloomberg Press

Summary

The truth behind the greatest environmental disaster in U.S. historyIn 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 BP workers were killed in the Gulf of Mexico's Macondo blowout. 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 the question of what's next but also examine why these disasters always happen to BP and not to the other large oil companies. The book: Shows that practices put in place by former BP CEO John Browne who was forced to resign after salacious details of his private life emerged in 2007 may have more to do with the disaster than anything Details a BP built on risk-taking and cost-cutting Examines the past, present, and future of BPIn 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 suffered this disaster, why now, and what's next for the oil giant.

Author Biography

STANLEY REED was London Bureau Chief of BusinessWeek from 1996–2010. He is a specialist on the Middle East and energy. He has covered BP for more than a decade and accompanied then-CEO John Browne on a trip to Russia in 2003. He also visited BP's Thunderhorse, the largest oil platform in the Gulf of Mexico, in 2009. He won the 2003 Best of Knight-Bagehot Award from the Columbia Journalism School for his coverage of the Iraq war. He is now a reporter-at-large for Bloomberg News.

ALISON FITZGERALD, an investigative reporter at Bloomberg News, writes about the convergence of government and economics in Washington, D.C. Her coverage of the financial crisis and government rescue of the banking industry won her the 2009 George W. Polk Award for national reporting and the "Best of the Best" award from the Society of American Business Editors and Writers. Her 2008 work on the global food crisis was honored by the Overseas Press Club.

Table of Contents

Cast of Characters	p. ix
Authors'Note	p. xi
Prologue	p. 1
Nigh of Horror, Day of Triumph	p. 5
The Oil Lord	p. 21
Agents of Empire	p. 45
The Big Kahuna of the Gulf	p. 59
Money, Politics, and Bad Timing	p. 79
Lord Browne's Long Goodbye	p. 99
Riding the Throughput Curve	p. 119
Tony Hayward Comes Up Short	p. 137
Disaster on the Horizon	p. 155
BP Struggles to Survive	p. 175
Epilogue	p. 195
Acknowledgments	p. 199
Notes	p. 203
About the Authors	p. 215
Index	p. 217
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