Oil And Oil Case Study

(intro/ Sebastiano)

Although the forever ethical question about how ethical it is to drill oil and gas knowing the high risks and disastrous consequences due to oil spills, the oil and gas industry is something the globe highly depends on. Everyone is fast to point the finger when an error happens but at the end of the day the average person that watches the news and thinks; how bad a company can be for letting such a disaster happen is the same one that fuels this huge and global industry. So who is there to blame? The big companies that drill or the average customer that fuels the industry? Of course we all have a bit of fault and some more than others. It is easier for the average person to take the car to go to work rather than go for a walk or a bike ride, also it is easier for the big companies to invest in a less quality product that gets the job done. There are many factors to consider when we are facing the aftermath of an oil spill.

The recent accidents and subsequent investigations in the offshore oil and gas industry makes it clear that some players in this industry are not using basic and appropriate basis of ethical leadership to manage risk. Accidents are not inevitable nor are they the price of productivity. Risk can be managed successfully without reducing profits long-term, but some effort must be expended to do so. It is important to note that all responsibility for safety should not necessarily rest on the government or a regulatory authority; responsibilities may be assigned to different components depending on the culture of the industry, history, or even politics. The US government has very strict procedures for this industry, thus, those regulations should be followed more carefully, by not cutting corners just to save time and money; this is where ethics come into practice. There are some common ethical factors in major accidents. For