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Old 07-10-2010, 12:07 PM   #95 (permalink)
RobertSmalls
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Quote:
Originally Posted by ShadeTreeMech View Post
Clanny, if you're a neutral 3rd party
No such thing. Anyone who lives in Florida, Louisiana, or Britain has a considerable financial stake in this, each of them with a different perspective. I heard that some enormous percentage (~15%?) of pension dollars in Britain are tied up in BP shares, which have crashed as a result of this one industrial accident.

The "Blame BP" angle is overplayed, but when people lose so much, they're going to blame someone. I much prefer "Blame BP" to "blame the government". Regardless of where the distribution of blame really lies, it will produce a better outcome. Obama will be able to pass more energy and climate reforms, oil companies will have a clear financial incentive to be more careful, BP's money will pay for the cleanup of the gulf, and BP will change their name and logo and get back to business eventually.
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