Sunday, June 13, 2010

The Failure of Risk Management.

Nansen Saleri, former head of reservoir management for Saudi Aramco, provides a non-hysterical, apolitical, and sober analysis of oilshore oil drilling in the shadow of the Deepwater Horizon accident. His claim is that the principal failure that lead to the catastrophe was that of effective risk management. Saleri also reminds us that shutting down offshore drilling may actually increase the risk of another oil spill from much more vulnerable oil tankers.

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