Here is some excellent news about the Gulf oil spill. A major court decision has seriously placed the blame and responsibility where it belongs. And the court also made it clear what it thinks about BP, Transocean, and Halliburton ethics and behavior.
‘Worst Case’ BP Ruling on Gulf Spill Means Billions More in Penalties
MARGARET CRONIN FISK, LAUREL BRUBAKER CALKINS and JEF FEELEY – Bloomberg
BP Plc acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled, handing down a long-awaited decision that may force the energy company to pay billions of dollars more for the 2010 Gulf of Mexico disaster.
Phi Beta Iota: The Wikipedia revelations about BP making precisely the same mistakes earlier in the European region, and the US State Department helping cover up those mistakes, should have played a role in assuring this finding of gross negligence. There is a convergence emerging among holistic analytics, true cost economics, and open source engineering that could — rather rapidly — change banking, the law, and how we do business, in as little as one generation. That is today’s good news.