Case in point: British Petroleum‘s corroded Alaska pipelines.
There’s just no substitute for handling the fundamentals, BP’s substantive (meeting 2010 Kyoto targets seven years early) and PR (“Beyond Petroleum”) efforts nothwithstanding.
BP put off inspecting the pipeline for as long as two years, according to some reports, despite warnings. The pipeline leaked for five days before they even found the spill, Marketplace reports. And “That was five months ago”
BP now needs to replace 75% of their Prudhoe Bay pipelines, according to the Marketplace report.
PS: Halliburton and Schlumberger stocks are up. Oil prices too. No surprise there.