contemporary Business: Oil spill issues; Moratorium on drilling

1. Discuss the ways that BP’s approach to teams may have contributed to the 2010 Deepwater Horizon oil spill (which resulted from an over-pressurized deepwater well head). 2. In June 2010, President Obama imposed a six month deep water drilling moratorium. If the US government prohibits deep water drilling off the US coast, discuss how the US oil companies can remain competitive in the US market when over 35% of crude oil is currently sourced from domestic deep water drilling.