Looks like the numero uno evil curmudgeon - Dick Cheney - has his imprint all over the BP disaster. Not only did he formerly run Halliburton (with a record of shoddy work and fraud), which cemented the deep water drill hole improperly, he also decided precautionary oil well shut-offs were too expensive and allowed oil companies to ignore this safeguard.
Seems as though the, "It's Bush's fault" mantra still holds.
For Further Reading:
Beyond Petroleum or Beyond Preposterous?
Halliburton Corporate Crimes
Halliburton Exec on Fraud Charges
Halliburton Get $70 Million Despite Fraud
Halliburton Sex Slave Scandal
KBR Linked to $13 Billion in Fraud
Making of Halliburton