This looks to be a viable deal. Why isn't Washington talking about it??
- some sources predict BP voluntarily entering into Chapter 11 within weeks in order to minimize its liability obligations
I keep hearing things like the pipe this is leaking out of is broken again way under the sea floor, or that there's another leak out of the sea floor 75 miles away, or etc. Also hear that relief wells don't always do the trick, though they're talking about it like it's an ace in the hole.
I heard legally their liability is limited to 75 million by federal law. Probably anything BP does besides sail back to England is out of the goodness of their heart. LOL!
But I heard just a few days of BP profits would cover the true financial damages. It's a huge conglomerate of companies, I understand.
In addition to liability to humans, they need to build animal sanctuaries, and etc., to compensate for all the beautiful creatures they've killed.
40% of BP is US owned...Which is why they're BP now - not British Petrolium...