From a highly recommended article : Slick Operator: The BP I've Known Too Well
"I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum (BP)."
Greg Palast writes above about a failure to contain the leaking oil from the Exxon Valdez, however we have also seen the movie of the Deepwater Horizon catastrophe before.
Similar conditions leading up to what caused the leak at Deepwater Horizon happened not 8 months ago in Australian waters.