[quote=meadandale]I’d like to see Obama and his administration continue to ‘go off’ on BP and villify them. If their stock price continues to dive they’ll end up filing for bankruptcy. When Obama gets stuck with the cleanup bill because he’s driven BP out of business…it should get interesting.[/quote]
Huh-what? How did Obama drive them out of business and into bankruptcy?
I think they should ultimately go out of business for what happened under their watch. This is one of the biggest environmental disasters of our lifetimes. And there is ample evidence that they took a lot of shortcuts which are related to the spill (I won’t go so far as to say “caused”).
If they actually commit to paying for a real cleanup, I don’t see how they can stay in business. But the best we can hope for is that Obama or someone in power makes them pony up a superfund now (in real dollars, and with continued future payments into it) for all the cleanup that will need to be done for the next 10-20 or more years. It will be devastating environmentally so they could save a few thousands when they failed an inspection and bribed the inspector.
I highly doubt anyone will be able to force the money out of them. They’ll beggar off the cleanup, claim their assets are depleted and will then move their operations into some affiliated corporate shell or subsidiary and continue business as usual. It’s disgusting. I am more outraged about this than welfare fraud to the tune of $17k a year…
