Salazar says drilling companies made “some very major mistakes”; Expert reviewer finds well’s cement seal “was probably faulty” and inadequately tested (to save money); Explosion occured while BP executives were on board “celebrating the rig’s safety record”!
We now know with pretty high confidence the three main, interrelated, underlying causes of the BP’s oil disaster: Hubris, recklessness, and arrogance. So the metaphor is as much Goldman Sachs as that other great maritime disaster — the Titanic.
And if BP turns out to be guilty of malfeasance, too — violating its federal permit — as the NYT suggested — then you’d have the Four Horseman of Oilpocalypse.
Reporting over the weekend has also given us a pretty good idea of the proximate cause, which, as we’ll see, appears intimately tied to the underlying causes.