The Gulf Oil Nightmare

[Arct1k]

Technically the legal cap for spill damages was $75mm IIRC... Obviously that will not apply in this case and is now being ammended.

I do find it rediculous that BP are being asked to pay other oil company's wages as they've been told they can't drill until inspections have been re-done. The reason they've haulted drilling as the gov don't trust the gov't inspection body or industry standards. Somewhat unfair to put all of that on BP.

It will be interesting once all is said and done who pays... The failure here is the actual blow out preventor which hasn't done its job...

[lutach]

I hope what I said doesn't happen. The way this Stock Market is going, a thing like BP filing for Bankruptcy will make things look even worst. BP has already lost a nice amount of it's market cap which I think is greater than the profits they posted last year. I've heard of many companies worldwide with good profit get taken over by Gov., file for bankruptcy forced by the chair (board) members, stock took a dive and what ever other reason money hungry people can think of.

I just hope the good people suffering from this disaster gets the help they deserve.