I understand that - but what is to be gained by bankrupting BP? Will it make the spill go away? Who will pay the damages if BP goes bust? The people on the Gulf coast are far more likely to get relief and compensation if BP remains strong.
Obama is an idiot.
“but what is to be gained by bankrupting BP” Only one thing, but it’s very important. NO other Oil company will ever bypass it’s own security measures and Risk a catastrophic oil spill if they know they could be put out of business over it. Furthermore, no company will every pay “Lip SERVICE” to a contingence plan. Companies will take the risk of a spill far more seriously if BP goes Belly up than if BP loses a billion dollars. This was not an accident, it was criminal negligence. They KNEW the critical tests failed, they knew their last inline safety device had failed because pieces of it where on the deck! Despite all that, they continued, pumped the heavy fluid out of the pipe, so they could start pumping oil a few days sooner….