Just saw thge last 10 minutes of Tony Hayward on Andrew Marr's AM show on BBC.
Summary:
- BP has a strong balance sheet with little debt and good assets
- BP will stand by all its stake holders even after the media is gone
- since 2005, BP has upped the levels of security and has hired many engineers
- deep water drilling has been going on for 20 years
- the probability of this happening is 1 in 100,000 to 1,000,000
- 7 levels of redundancy were breached
- as we all know, the BOP didn't work (and he gave no causes for it)
- scientists from Houston Tx, BP and the industry in general are working on finding a technical solution for this
- the industry is working together as a team (me paraphrasing)
- no real comment on the US government taking over the US arm of BP (sounds like a company too big to fail)
Catch this article from the Guardian from 2006:
BP exec attacks management style | Business | guardian.co.uk
+1 Andy - BHO is living up to what I speculated on after his election !!! Nothing, blaming and insulting.