Drowning in Oil: BP & the Reckless Pursuit of Profit,New

The definitive account of how BP's winatallcosts culture led to this era's greatest industrial catastrophe'A carefully and powerfully written story.'Financial Times'When an author uses a loaded word like 'reckless' in a book's title, the burden of proof is high. . . . Steffy meets the burden by demonstrating that corporate behemoth BP (formerly British Petroleum) could have prevented the 11 deaths on April 20, 2010, aboard the Deepwater Horizon. . . . The deaths and the gigantic oil spill following the sinking of Deepwater Horizon will surely become a landmark of corporate ineptness and greed for the remainder of human history, thanks in part to Steffy's remarkable account.'San Antonio ExpressNews'Steffy has produced a fascinating, gripping, revealing account. . . . The book details events aboard the Deepwater Horizon in April of 2010 to start, but it digs deeper into what is revealed as a culture of costcutting boiling over within BP. Steffy documents years of incidents and poor management decisions, detailing the rise of key characters like John Browne and Tony Hayward alongside riveting outlines of horrifying events in Texas City and at other BP locations. . . . The book reads like fiction at times, with the author's heavilydetailed accounts of explosions and conversations creating vivid, nearly fantastical images. The tragic history of BP is alltooreal, though, as the lost lives and environmental damage certainly attest to.. . . Steffy is a thorough, straightforward author. His concerns largely lie with the loss of life and the general culture of costcutting of BP, painting an apt and terrifying picture of rampant, steady, costly neglect.'Seattle Post Intelligencer'Steffy provides valuable insight and crucial corporate context in explaining how so much oil ended up in the Gulf of Mexico.'BusinessWeek'[Steffy's] investigations reveal a corporate culture of costcutting initiatives that put profits ahead of workers' lives and the environment, with repeated safety violations and an abysmal accident history. . . . Steffy details how, in the context of BP's record, the disaster was just part of a pattern of poor decision making in the relentless pursuit by BP to become the largest and most profitable oil company in the world.'BooklistAbout the BookAs night settled on April 20, 2010, a series of explosions rocked Deepwater Horizon, the immense semisubmersible drilling platform leased by British Petroleum, located 40 miles off the Louisiana coast. The ensuing inferno claimed 11 lives, and it would rage uncontained for two days, until its wreckage sank to a final resting place nearly a mile beneath the waves. On the ocean floor, the unit's wellhead erupted. Over the next ten weeks, as repeated attempts to cap the geyser failed, an estimated 200 million gallons of oilthe equivalent of 20 Exxon Valdez spillsspewed into the Gulf of Mexico, eventually lapping up on beaches as far away as Florida.Drowning in Oil, by awardwinning Houston Chronicle business reporter and columnist Loren Steffyconsidered by many to be the writer with the best access to the storyis an unprecedented and gripping narrative of this catastrophe and how BP's winnertakeall business culture made it all but inevitable.Through neverbeforepublished interviews with BP executives and employees, environmental experts, and oil industry insiders, Steffy takes us behind the scenes of 100 years of BP corporate history. Beginning with the conglomerate's early gambits in the Middle East to its recent ascent among energy titans, Steff unearths the roots of the Gulf oil spill in the unwritten bargain between oil producers and consumers, whose insatiable appetites drive the search for new supplies faster, farther, and deeper.Beyond this, the Deepwater Horizon disaster took place after a history of cost cutting in pursuit of profits, particularly under the guidance of its two most recent exCEOs, John Browne and Anthony Hayward.Exhaustively resea