Why wasn't BP prepared to deal with the oil spill?

Here we are, many days of oil freely gushing from beneath the ocean and no end in sight to control it. was BP not prepared for an incident like this? apparently not. it makes me wonder if the other oil producing platforms, out in the ocean, are as unprepared as BP? this is a serious situation. wildlife and animals are being suffocated and the southern shores are polluted with BP oil. its hard for me to understand why BP was not better prepared for any accident, involving oil, out in the ocean. it does not take a rocket scientist to conclude that everything is different down 5,000 feet below the surface of the ocean, compared to dry land. i hope the other oil companies are learning from BP’s mistake. what’s your opinion?